News Archives - Insurance Journal

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3 05, 2024

Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

By | May 3rd, 2024|Uncategorized|Comments Off on Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed …

3 05, 2024

Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants

By | May 3rd, 2024|Uncategorized|Comments Off on Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants

(AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …

3 05, 2024

Class Action Settlements Flooded With Fraudulent Claims by Scammers

By | May 3rd, 2024|Uncategorized|Comments Off on Class Action Settlements Flooded With Fraudulent Claims by Scammers

Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did not admit …

3 05, 2024

Kansas City Women’s Soccer Plans $800 Million Stadium District

By | May 3rd, 2024|Uncategorized|Comments Off on Kansas City Women’s Soccer Plans $800 Million Stadium District

After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s Soccer League team, will …

3 05, 2024

Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

By | May 3rd, 2024|Uncategorized|Comments Off on Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …

3 05, 2024

Binance Crypto Founder Zhao Sentenced to Four Months in Prison

By | May 3rd, 2024|Uncategorized|Comments Off on Binance Crypto Founder Zhao Sentenced to Four Months in Prison

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S. laws against money laundering at the world’s largest cryptocurrency exchange. Once considered the most powerful crypto industry …

3 05, 2024

Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports

By | May 3rd, 2024|Uncategorized|Comments Off on Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports

Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya Sarea said in a televised speech on Friday. “We will target any ships heading to Israeli ports in the Mediterranean …

3 05, 2024

Extreme Weather Is Driving More US Power Outages, Studies Show

By | May 3rd, 2024|Uncategorized|Comments Off on Extreme Weather Is Driving More US Power Outages, Studies Show

For decades, residents of eastern Queens in New York City have complained that they’re more likely to lose power when extreme weather hits, even as lights in other parts of the city stay on. A new study that looks at …

1 05, 2024

Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs

By | May 1st, 2024|Uncategorized|Comments Off on Tornadoes Damaged 7,200 Residential Properties, Left $2B in Reconstruction Costs

The tornadoes that ripped through parts of Nebraska, Iowa and Oklahoma late last week damaged some 7,200 homes, leaving a reconstruction tab of $2.1 billion, according to CoreLogic, the data analytics firm. Some 127 tornadoes spun out of a severe …

1 05, 2024

Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch

By | May 1st, 2024|Uncategorized|Comments Off on Ryan Specialty Completes Acquisition of Castel Underwriting Agencies From Arch

Ryan Specialty, the Chicago-based international specialty insurance firm, announce it has completed the acquisition of Castel Underwriting Agencies from Arch Financial Holdings (UK) Ltd. and minority shareholders. Headquartered in London, Castel is a managing general underwriting (MGU) platform with additional …