Zuckerberg Says AI Labs Have Enough Incentive to Build Safely
Meta Platforms CEO Mark Zuckerberg said on Tuesday that competition and liability give AI companies enough reason to act individually on safety, appearing to break from calls by leaders of top AI firms for a coordinated slowdown in AI development. …
A-Cap Insurers Face South Carolina Claim They’re ‘Financially Hazardous’
Insurers run by Advantage Capital Holdings — and slated for takeover by Oaktree Capital Management — are facing a state regulator’s calls for emergency intervention over claims they’re in a “financially hazardous” position. Atlantic Coast Life Insurance Co. and reinsurance …
Humans Still Matter to Insurance Consumers, Says Big ‘I’ Survey
There is some good news, according to the Independent Insurance Agents & Brokers of America, as the use of artificial intelligence proliferates across the industry. People still prefer people. A survey commissioned by the Big “I” found 87% of consumers …
TV News Helicopter Crash in Los Angeles Kills Three People
Three people were killed and one injured when a TV news helicopter crashed between two commercial buildings in the Chatsworth neighborhood of Los Angeles, the city’s fire department said. The helicopter was providing coverage for KNBC and Telemundo 52, the …
FBI Confirms Data Was Breached in Cyber Attack on Springfield Schools
The Federal Bureau of Investigation (FBI) has informed Springfield (Massachusetts) Public Schools that the district’s data has been breached as a result of the recent cyberattack that closed schools last week. The breach appears to include staff and student information. …
‘Most Successful’ Hole-in-One Prize Insurance Operator Pleads Guilty to Fraud
The owner and operator of an unlicensed prize insurance provider who for years avoided paying claims, ignored cease and desist orders, and has been convicted of illegal sales or theft more than once has pleaded guilty to fraud. Kevin Kolenda …
People Moves: Waddingham Joins MEMIC in NJ; RT Specialty Promotes O’Marra in NY
Waddingham Joins MEMIC Group as New Jersey Production Underwriter The MEMIC Group, headquartered in Portland, Maine, added Brandon Waddingham to its Northeast underwriting team as a production underwriter. Waddingham joins MEMIC with nine years of insurance experience. In his role, …
Amazon’s AWS Facilities in Bahrain, UAE Still Not Restored From Iran War Damage
Amazon Web Services cannot restore access to its cloud-computing facility in Bahrain and one of three data–hosting zones in the United Arab Emirates following damage during the Iran war, according to a status update seen by Reuters on Tuesday. Amazon’s …
Ukraine Considers Ship Insurance to Revive Food Exports, Farm Groups Say
Ukraine is examining whether additional insurance cover for ships carrying food exports could help revive seaborne trade disrupted by Russian attacks on vessels and port infrastructure, a farm lobby group and a major farmers’ union said on Wednesday. Since the …
EU Plans Climate Insurance Pact After Hot ‘Summer of Truth’
The European Union will set up a “climate insurance alliance” to better cover losses as global warming increases the frequency and intensity of droughts, floods and wildfires. European Commission President Ursula von der Leyen announced the initiative as part of …
AXA CEO Urges Next French President to Tackle Debt With Reforms
AXA SA Chief Executive Officer Thomas Buberl called on France’s next president to address the country’s debt mountain with structural reforms and rejected a far-left plan to cancel bonds as “dangerous.” The euro area’s second-biggest economy is under intense scrutiny, …
People Moves: Jones Appointed Marsh Risk US Healthcare Industry Practice Leader; Verisk Names Alling Head of Casualty Solutions
Marsh appointed Linda Jones as U.S. healthcare industry practice leader, Marsh Risk, effective today. Based in Washington, D.C., Jones reports to Darren Cromwell, industry practice group leader, Marsh Risk, U.S. and Canada. In this role, Jones will drive healthcare strategy …
Trump’s Climate Rollbacks Will Keep US Emissions Higher for Longer
President Donald Trump’s broad rollbacks of federal greenhouse gas rules since January 2025 have altered the trajectory of US energy use and helped set back cuts to planet-warming pollution by about a decade. The latest turnabout came on Monday when …
Iran War Cost Hits $38 Billion, Forecast to Rise $3 Billion a Month, CBO Says
The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress’ nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the …
Keystone Enters California With Acquisition of Infinity
Keystone acquired Infinity Assurance Group in Orange County, California. The deal marks Keystone’s first platform partner in California. IAG will continue to operate under its current leadership, with John Kookootsedes, founder and chairman, and Eric Doll, CEO, continuing at the …
World Insurance Acquires New Jersey’s TE Freuler Agency
Insurance broker World Insurance Associates LLC announced that it has acquired the business of TE Freuler of Somerset, New Jersey. Terms of the June 1, 2026 transaction were not disclosed. TE Freuler, which also has an office in offices in …
Labor Commissioner Says California Crop Lien Law Helped Recover Farmworker Wages
An expanded crop lien law that strengthens existing farmworker protections and gives the California’s Labor Commissioner’s Office the ability to recover unpaid wages quickly was recently put in action. The LCO, which launched an investigation into wage-and-hour violations in May, …
Accenture Settles Government Allegations Over DEI for $25 Million
IT consulting firm Accenture will pay $25 million to settle U.S. government allegations over diversity practices, which President Donald Trump’s administration has targeted in his second term in office. “Accenture shall pay to the United States $25,000,000, inclusive of civil …
Yankees Say Bacteria in Stadium Cooling Tower Not Linked to Legionnaires’ Outbreak
Bacteria that cause potentially fatal Legionnaires’ disease were found in a Yankee Stadium cooling tower — one of 10 such towers in the Bronx that tested positive amid several reported cases of the illness including one death, New York City …
EU Countries Plan to Seek More Free Carbon Permits for Industry
European Union member states will push for more free carbon allowances for major industries to better protect companies struggling with tough global competition and rising energy costs. The bloc’s 27 member states will this week seek to agree on a …
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