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Beacon Mutual Begins Notifying Those Affected by Data Breach
Workers’ compensation specialist Beacon Mutual Insurance Co. reports it has begun mailing letters to individuals whose personal information was involved in a recent ransomware attack. Upon learning of the activity on January 14, 2026, the Rhode Island-based insurer said it …
POSTED MAY 26, 2026 12:37 PM |
OpenAI’s Altman Says AI Unlikely to Lead to ‘Jobs Apocalypse’
OpenAI CEO Sam Altman said on Tuesday the rapid development and adoption of AI would not lead to a global “jobs apocalypse” and the technology had not claimed as many white-collar jobs as he had feared. Speaking virtually at a …
POSTED MAY 26, 2026 11:52 AM |
Markets/Coverages: Fidelis Partnership Boosts Automated Broker Submission Process
The Fidelis Partnership (TFP) announced a partnership with Howden as part of a new capability in TFP’s underwriting platform, designed to deliver a step change in the automation and streamlining of the pre-bind submission process for complex risks. Through automated …
POSTED MAY 26, 2026 11:25 AM |
Private Credit Losses May Hit Insurers More Than Banks, ECB Says
European insurers and pension funds would likely be hit harder than banks by fallout from losses in the private credit industry, the European Central Bank said after simulating a “severe” shock to the market. The “illustrative exercise” included three stages: …
POSTED MAY 26, 2026 10:32 AM |
Brazil Prosecutors Sue to Ban Weed Killer Glyphosate
Brazilian prosecutors are suing health agency Anvisa and the federal government to ban the use of top-selling weed killer glyphosate, dealing a potential blow to chemical companies in Latin America’s largest economy. A special division of the prosecutor’s office tasked …
POSTED MAY 26, 2026 10:12 AM |
Britain’s Navy Prepares to Clear Mines in Strait of Hormuz While Waiting for Peace Deal
Aboard the RFA Lyme Bay docked off the coast of Gibraltar, hundreds of British sailors are waiting to be deployed for a mine-clearing mission to the Strait of Hormuz that is still in doubt. U.S. President Donald Trump has lashed …
POSTED MAY 26, 2026 9:23 AM |
Saving Supply Chains From Climate Shocks Is a Lure for Investors
On the tarmac of Kuala Lumpur International Airport, a cargo of drugs on their way to a clinical trial were warming in the rising afternoon sun. At risk of being spoiled, a newly installed tracker that monitors temperature, humidity and …
POSTED MAY 26, 2026 8:10 AM |
Hyundai to Recall Over 421,000 US Vehicles Over Software Brake Issue: NHTSA
Hyundai Motor is recalling 421,078 vehicles in the U.S. over a software error that may cause an unexpected application of brakes, the U.S. National Highway Traffic Safety Administration said on May 22. The recall covers certain 2025-2026 model Santa Cruz, …
POSTED MAY 26, 2026 5:14 AM |
Atlantic Hurricane Season Forecast Milder Than Normal Thanks to El Nino
A developing El Nino that is forecast to get quite strong will likely dampen the upcoming Atlantic hurricane season, but it won’t make the potentially deadly storms disappear, federal and outside meteorologists predict. The National Oceanic and Atmospheric Administration on …
POSTED MAY 26, 2026 5:04 AM |
Activision Shareholders Reach $250 Million Settlement Over Microsoft Buyout
Shareholders of Activision Blizzard reached a $250 million settlement over allegations that the company’s former executives and Microsoft shortchanged them when Microsoft acquired the game maker for $75.4 billion in 2023, according to a filing made public on Friday in …
POSTED MAY 26, 2026 5:03 AM |
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