Boston Scientific Says Unlikely to Meet 2026 Forecast After Cyberattack Disruption
Boston Scientific said on Tuesday it no longer expects to meet its previously issued third-quarter and full-year 2026 sales and adjusted profit forecasts, after a cybersecurity incident disrupted the medical device maker’s global operations. An unauthorized activity on some of …
Markel Chairman Steve Markel to Retire, CEO Gayner Moves Into Role
Markel Group Inc. said its chairman, Steve Markel, will retire after more than 50 years with the company. He will not seek re-election to the board at the 2027 annual shareholder meeting. CEO Tom Gayner was elected chairman, effective immediately, …
Insurer FM Adds to Partnerships of Boston Teams in Tech-Facing Tomorrow Golf League
Commercial property insurer FM will serve as principal partner of the Boston Common Golf team in WTGL (Women’s Tomorrow Golf League), a new professional golf league created by TMRW Sports and the Ladies Professional Golf Association (LPGA). The partnership builds …
Business Moves: HDI Global UK & Ireland Secures Approval Toward New Syndicate; Cedar Trace to Launch $300M Lloyd’s Syndicate for 2027
HDI Global UK & Ireland (HDI) said it received approval in principle from Lloyd’s to establish a new Lloyd’s syndicate, marking a significant milestone in the implementation of the firm’s wider Xcelerate29 strategy. The approval in principle enables HDI to …
EPA Proposal Could Leave the Public in the Dark on Data Center Plans
A plan by the Environmental Protection Agency could make it harder for the public to learn about and comment on proposed AI data centers that have sparked backlash in communities across the United States and transformed the midterm election landscape. …
China Injects $45 Billion in Banks, Insurers to Boost Growth
China is injecting 300 billion yuan ($45 billion) into its largest banks and insurers, part of the nation’s biggest recapitalization in almost two decades, to shore up the strength of its financial system and sustain lending as economic growth slows. …
Canada Loses 41,700 Jobs as Employment Shrinks in Finance
Employment in Canada fell by 41,700 in August, reversing some of the labor market momentum seen in recent months as the manufacturing sector posted the only significant increase. The jobless rate held steady at 6.4% while job losses were concentrated …
Viewpoint: Reinsurance Market to Experience Further Softening, M&A on Ample Capacity
The global reinsurance market maintains a very strong capital position that has benefitted from favorable earnings in recent years, with solid underwriting profits and resilient investment returns. However, this record capacity from both traditional reinsurers and alternative capital markets continues …
Seattle Times, Newsday Sue OpenAI, Microsoft, Alleging Copyright Infringement
The Seattle Times and Newsday sued OpenAI and Microsoft on Friday, alleging in federal court that the tech companies copied the newspapers’ journalism without permission to train their AI systems. The suit in the U.S. District Court for the Southern …
OpenAI Top Scientist Urges ‘Extreme Caution’ With Pace of AI
OpenAI’s top scientist has warned that artificial intelligence is evolving so rapidly that it is becoming increasingly difficult for humans to understand and control,and said he expects AI labs to voluntarily slow development for safety reasons. In a relatively short …
People Moves: Vivace Names Fenig CEO; Murray Joins Alliant’s Southern California Benefits Team; DUAL North America Adds Fowler as SVP
Vivace Insurance Partners Appoints Fenig as CEO Vivace Insurance Partners named Cordell Fenig CEO of Vivace Americas. Fenig was promoted to the position after having served as senior underwriter since the company’s Americas launch in March 2024. Fenig will lead …
Arizona Group Home Provider in Scandal Escapes Penalties for Boy’s Death
The staff caring for Jakob Blodgett said he already had been sneaking candy and refused to take his insulin. An employee at the Arizona group home where the 9-year-old boy was being cared for texted a supervisor about the boy’s …
GEICO Avoids Class Action Over Totaled Vehicle Payouts in New Jersey
A federal judge has declined to approve a class action lawsuit accusing GEICO of underpaying losses for totaled vehicles in New Jersey. The court declined to approve the class after concluding that individual issues outweighed the commonality of the proposed …
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage
I have been writing about the insurance risks of intoxicating hemp products since 2021, when delta-8 THC gummies first started showing up in convenience stores and gas stations across the country. Back then, our message to the cannabis, hemp and …
EQT to Pay $2 Billion for Majority Stake in McGill and Partners
EQT AB has agreed to acquire a majority stake in UK insurance broker McGill and Partners from Warburg Pincus LLC for $2 billion, as the Swedish buyout firm looks to accelerate the company’s global expansion. The investment will be made …
Chicago River Bridge Gets Stuck After Lifting for Boat to Pass
A major bridge in downtown Chicago remained stuck in the raised position for more than four hours Wednesday after dangerous heat caused its components to expand. The DuSable Lake Shore Drive bridge, which crosses the Chicago River at Grand Avenue, …
Ross Fire Continues Burning in North Texas
Ten days since the Ross Fire broke out west of Fort Worth, responders are still battling one of the largest wildfires in North Texas’ recorded history. And while parts of the region are expected to get some rain and slightly …
East Texas Grapples With Flooding From Tropical Storm Edouard
Texas authorities rescued dozens of people from stranded cars, homes surrounded by floodwaters and an assisted living facility as former Tropical Storm Edouard lingered over rural parts of the state and dumped nearly 2 feet of rain in some places. …
Indiana Residential Services Provider to Pay $65K Over Discrimination Suit
Damar Services, Inc., an Indianapolis residential services provider for individuals with developmental disabilities, will pay $65,000 and provide other relief to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. …
Tampa Plane Crash Kills Prominent Spine Physician, Nurse Practitioner
A nurse practitioner and a well-known Tampa physician who founded a children’s scoliosis center were killed when the small plane they were in crashed near the Tampa Executive Airport Thursday, local news sites reported. David Siambanes, 59, had specialized in …
Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 9 de julio de 2024.
Gran Caimán, Islas Caimán, 3 de julio de 2024. El CCRIF SPC realizó un pago el 1o de julio de 2024 d
Gran Caimán, Islas Caimán, 14 de junio de 2024. El 5 de junio de
Gran Caimán, Islas Caimán, 20 de octubre de 2023. El CCRIF SPC realizó dos pagos por un total de US$3,4 millones a los Gobiernos de Antigua y Barbuda y las Islas Vírgenes Británicas tras la tormenta tropical Philippe. Philippe tocó tierra en Antigua y Barbuda el 2 de octubre y pasó cerca de las Islas Vírgenes Británicas el 4 de octubre, provocando fuertes lluvias e inundaciones en ambos países. El CCRIF realizó pagos en las pólizas de seguro paramétrico para exceso de lluvia, como sigue:
19 de septiembre de 2023. Gran Caimán, Islas Caimán.