3 05, 2024

Abuse Probe Into New Orleans Catholic Clergy Expands

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NEW ORLEANS (AP) — Authorities have expanded an investigation of clergy sexual abuse in the Roman Catholic Church in New Orleans to include senior church officials suspected of shielding predatory priests for decades and failing to report their crimes to …

3 05, 2024

Florida’s Heritage Insurance Sees More Profits in Q1 This Year

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Heritage Insurance Holdings Inc. (HRTG) on Wednesday reported earnings of $14.2 million in its first quarter of this year, about the same as earnings for Q1 of 2023, but down from the $31 million in net income reported for the …

3 05, 2024

Miami Retirement Fund Class Action Alleges Globe Life Officers Concealed Fraud

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After an investment research firm dropped a bombshell last month and sent shares of Globe Life Inc. plunging by 53%, the insurance company denied the allegations that officers had concealed fraud and sexual harassment issues. But this week, the City …

3 05, 2024

An Origin Story: The History of the Professional Liability Underwriting Society

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The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals primarily involved, or all the events that had …

3 05, 2024

Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance

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Increased premiums combined with lackluster customer satisfaction scores are driving record numbers of auto insurance customers into the market for a new policy, according to the J.D. Power 2024 U.S. Insurance Shopping Study. Nearly half (49%) of U.S. auto insurance …

3 05, 2024

AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany

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Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer life insurance policies in Germany almost two years after announcing it. The deal was meant to shift €19 billion ($20.3 …

3 05, 2024

Uber Hit With £250 Million Suit From London’s Black Cab Drivers

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Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in …

3 05, 2024

AXA’s Q1 Premiums Rise 6%, Led by P/C Business Growth

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AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion), compared with €31.8 billion ($34.1 billion) in Q1 2023. The increase in Q1 gross written premiums (GWP) and other revenues …

3 05, 2024

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

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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

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 …