Stablecoin Bill Advances in US Senate in Big Win for Crypto May 20, 2025 By Steven T. Dennis Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry after a...
Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut May 20, 2025 By Andrew G. Simpson Massachusetts Insurance Commissioner Michael Caljouw has rejected an industry proposal to raise workers’ compensation rates by 7.1%. As a result,...
New England’s Shield Health Settles Data Breach Cases for $15.3 Million May 20, 2025 By Andrew G. Simpson Shields Health Care Group has agreed to pay $15.3 million to settle federal and state class actions filed against it...
Japan’s Big Non-Life Insurers Plan to Sell Cross Shareholdings May 20, 2025 By Nao Sano Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in...
People Moves: Boroughs Named Chubb Group Vice Chairman, Hogan Succeeds Boroughs as Investment Officer; Cushing Named Head of Construction at Zurich NA May 20, 2025 Boroughs Named Vice Chairman, Chubb Group; Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer Chubb Limited, with U.S. headquarters...
More Tornadoes Plow Through Central US, Leaving Thousands Without Power May 20, 2025 More tornadoes plowed through the central U.S. on Monday and thousands were without power as people from Texas to Kentucky...
Driverless Trucking Firm Aurora Puts Human Back in Driver’s Seat May 20, 2025 By David Welch Driverless vehicle developer Aurora Innovation Inc. is putting a human back in front of the wheel of big rigs operating...
APCIA: Record Shows ‘Minimal Complaints’ on Hurricane Milton, Helene Claims May 20, 2025 By Chad Hemenway The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response...
Italy’s Data Watchdog Fines AI Company Replika’s Developer $5.6 Million May 20, 2025 Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million)...
EY Negligently Missed Huge Fraud at Collapsed Hospital Operator, $3B UK Trial Hears May 20, 2025 By Sam Tobin EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for...