1 05, 2024

Study: California’s 2023 Snowy Rescue from Megadrought a Freak Event

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Last year’s snow deluge in California, which quickly erased a two decade long megadrought, was essentially a once-in-a-lifetime rescue from above, a new study found. Don’t get used to it because with climate change the 2023 California snow bonanza —a …

1 05, 2024

South Florida ‘Butt Lift’ Surgery Clinic Linked to 15 Drug-Resistant Bacteria Infections

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Florida and federal health officials have determined that 15 infections from a drug-resistant bacteria have been linked to a south Florida clinic that performed Brazilian “butt lift” surgeries in 2022 and 2023. “Multiple lapses in infection control and prevention were …

1 05, 2024

‘Dirty Dozen’ Unsafe Employers Putting Workers at Risk

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A retail giant, a space launch operation, a major food processor, the nation’s two biggest rideshare providers and a large healthcare system are among those entities marked as being among the most unsafe employers. The National Council for Occupational Safety …

1 05, 2024

Newspapers Sue OpenAI for Copyright Infringement Over AI Training

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A group of newspapers, including the New York Daily News and Chicago Tribune, sued Microsoft and OpenAI in New York federal court on Tuesday, accusing them of misusing reporters’ work to train their generative artificial-intelligence systems. The eight newspapers, owned …

1 05, 2024

The Future Is Near for Self-Driving Trucks on US Roads

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On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck’s sensors spotted a trash can blocking one lane and a tire in another. In less …

1 05, 2024

Hungary’s Orban Comes Under Fire From German Investors Decrying Cronyism

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German companies have long treated Hungary like their backyard. Carmakers Mercedes Benz AG and BMW AG and Volkswagen AG’s Audi continue to expand their footprint, driving the country’s exports, while weapons producer Rheinmetall AG is building a handful of new …

1 05, 2024

What Is GPS Jamming and Why Is It an Aviation Problem?

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Estonia has accused neighboring Russia of jamming GPS navigation devices in airspace above the Baltic states, echoing concerns from airlines that say they have been contending with such interference for months. Estonian Foreign Minister Margus Tsahkna’s accusation, for which he …

1 05, 2024

AM Best Upgrades Rating of Hamilton Re, Hamilton Insurance DAC to “A” (Excellent)

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AM Besthas upgraded the Financial Strength Rating to “A” (Excellent) from “A-” (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of Hamilton Re Ltd., in Bermuda, and Hamilton Insurance Designated Activity Co., in Dublin, Ireland. …

1 05, 2024

Agile Syndicate 2427 Gets Lloyd’s Approval to Begin Underwriting

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Agile Underwriting Services has received approval from Lloyd’s to commence underwriting in May. Agile Underwriting Services Syndicate 2427 (AUS 2427) will be focused primarily on Australia and New Zealand and writing accident and health, aviation, casualty, construction, financial lines, and …

1 05, 2024

People Moves: BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter; Gallagher Re Taps Hiscox’s Marling as UK COO

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This edition of International People Moves details appointments at re/insurance brokers BMS and Gallagher. A summary of these new hires follows here. BMS Launches Global Healthcare Liability Unit, Led by Wendin From Carpenter BMS, the London-based independent specialist insurance and …