Shields Health Care Group has agreed to pay $15.3 million to settle federal and state class actions filed against it by patients over a 2022 data breach. Shields operates medical imaging and surgical centers in 50 locations across the New …
New England’s Shield Health Settles Data Breach Cases for $15.3 Million Read More »
Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government policy. Tokio Marine Holdings …
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings Read More »
Boroughs Named Vice Chairman, Chubb Group; Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer Chubb Limited, with U.S. headquarters in Warren, New Jersey, named Tim Boroughs vice chairman, Chubb Group and executive chairman, asset management. Chris Hogan has been …
More tornadoes plowed through the central U.S. on Monday and thousands were without power as people from Texas to Kentucky continued to clean up from days of severe weather that killed more than two dozen people and destroyed thousands of …
More Tornadoes Plow Through Central US, Leaving Thousands Without Power Read More »
This post is part of a series sponsored by AgentSync. Today’s insurance agencies rely on an average of 5.7 to 11.9 different technology platforms for day-to-day operations, depending on their total revenue. For large-scale carriers managing multiple agencies and their …
Driverless vehicle developer Aurora Innovation Inc. is putting a human back in front of the wheel of big rigs operating in Texas, reversing course less than three weeks after the company began commercial autonomous service there. The decision to move …
Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat Read More »
The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricanes Milton and Helene have been settled, …
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims Read More »
Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million) for breaching rules designed to protect users’ personal data, the authority said on Monday. Launched in 2017, San Francisco-based startup …
Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million Read More »
EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm’s administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday. The …
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears Read More »
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. …
EU Will Propose to G7 Nations a Reduction in Sanctions Price Cap for Russian Oil Read More »
