The advanced model should support earlier and more accurate diagnoses and treatment planning, the companies said.
Author: Awais
Both the European Union and the United States are committed to complying with their trade agreement, U.S. Trade Representative Jamieson Greer said June 3 after broad new tariff threats over forced labor rankled Washington’s trade partners. After the two sides struck a framework agreement at U.S. President Donald Trump’s Turnberry golf resort in Scotland last July, the EU is still in the process of ratifying the deal, prompting Trump to say he would impose “much higher” tariffs if the bloc does not implement its commitments by July 4. “Both sides are committed to compliance with the trade agreement,” Greer told…
A Connecticut information technology consultant has pleaded guilty to fraud stemming from a computer intrusion scheme that cost a small business, according to federal prosecutors. Billie Conley, Jr., formerly of Shelton, pleaded guilty in federal court in New Haven to secretly giving himself remote access to the network of a business that hired him as a consultant. He used this access to cause network problems and steal from the firm’s bank account, according to prosecutors. Court documents show Conley owned and operated Ridgefield Tech, LLC, an information technology consulting service. In September 2023, the owner of a funeral services business…
Tesla Inc. reached an agreement to settle several workers’ claims alleging pervasive anti-Black racism at one of its California plants, while the company still faces a jury trial in a broader case brought by the state’s civil rights enforcement agency. The electric-vehicle maker’s accord with three workers was disclosed Wednesday in a court filing, averting a series of trials that were set to start earlier this week in state court in Oakland. Terms and conditions in the settlement remain confidential and the filing said claims by two other workers are still pending. For almost a decade, the company headed by…
Catastrophe models have been called out as failing to account for so-called “supershear” earthquake events, with specialist Lloyd’s re/insurer MS Amlin stating that models “are failing to factor in a little-known class of earthquake despite it being linked to two thirds of industry losses from seismic events in the last decade.”For those underwriting insurance and reinsurance, or investing in catastrophe bonds and insurance-linked securities (ILS) with exposure to earthquake risk, this means there is a “blind spot” on potential major earthquake loss events, MS Amlin’s research suggests. The study by the re/insurer suggests that earthquake risk may be underestimated by…
Zurich Insurance Group Plc is widening its offering for data-center projects to Europe and South America as it seeks to profit from the global buildout of infrastructure linked to artificial intelligence. The Swiss firm will insure risks associated with the building and operating of data centers in Brazil, Germany, Italy, the Nordics and Spain in addition to its business in the US, according to a statement June 4. It plans to add more countries this year. The expanded coverage follows rapid development in AI worldwide, with hyper scalers such as Microsoft Corp., Amazon.com Inc. and Alphabet Inc. looking at potential…
U.S. health secretary Robert F. Kennedy Jr. is pursuing federal government access to most Americans’ medical records, in a quest to research a link between vaccines and autism — a connection the medical establishment studied for decades and flatly rejects. The Department of Health and Human Services is seeking data from little-known state systems that allow hospitals and clinics to exchange detailed, identifiable patient information, KFF Health News has learned. In private meetings, some public health leaders have objected to giving Kennedy’s team access to such data, raising doubts that it’s legal or that the information would even be useful.…
European insurers have to grasp the risks they face when investing in private credit, according to the region’s top watchdog. Insurance firms need to be able to identify, measure, manage and report the risks, Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority, said in a Bloomberg TV interview on Thursday. Regulations put in place after the 2008 financial crisis have caused banks to step back from some financing businesses. The strong financial position of European insurers and pension funds coupled with the long-term nature of their liabilities mean they’ve been able to step in to help fill…
This edition of International People Moves details appointments at the insurers HDI Global and Hamilton Global Specialty. A summary of these new hires follows here. HDI Global Names Hunt as CEO of UK & Ireland Business Corporate and specialty insurer HDI Global announced the appointment of Simon Hunt as chief executive officer of HDI Global UK & Ireland, effective June 1, 2026. Ger Twomey will continue as interim CFO. Hunt has served as interim CEO since February, following the departure of former CEO Stephanie Ogden. He previously held the role of chief financial officer for the UK & Ireland business.…
Insurance broker WTW announced it has received approval from the Dubai Financial Services Authority (DFSA) for a license to operate as WTW Investments (DIFC) Ltd. within the Dubai International Financial Centre (DIFC). WTW said the approval marks a significant milestone in the company’s strategic expansion across the Middle East and represents a fundamental shift in how the firm can engage with clients and prospects in the region. For the first time, WTW will be able to proactively arrange access to its full suite of regulated investment capabilities in and from DIFC – transitioning to a locally anchored, scalable platform with…
President Donald Trump downplayed the threat posed by Iranian sea mines in the Strait of Hormuz to commercial shipping, even as other US officials have warned of their dangers. Speaking to reporters on Wednesday, Trump said American forces had “swept mines and we’ve gotten most of them, we think.” He also said the strait would open “immediately” upon Iran signing a memorandum of understanding to cease armed hostilities “subject to a couple of areas being cleaned out, also of mines.” Tehran has balked at Trump’s peace terms and has yet to agree to a deal. Trump also appeared to allude…
New York State lawmakers must decide by the end of this week whether to advance a bill that would alter state law tied to foreign sovereign debt, setting up a late-session test for legislation closely watched by investors and debt-relief advocates. Hundreds of billions of dollars in sovereign debt could be affected, as New York law governs over 50% of sovereign bonds globally. Changes to state statutes can directly affect how restructurings unfold and how much holdout creditors can recover. The bill, known by supporters as the Champerty Fix Act, cleared the state Senate on Tuesday and was sent to…
The California Earthquake Authority’s (CEA) reinsurance program limit continued to grow through the first four months of 2026, to end April at just over $8.2 billion, with catastrophe bonds at the time providing $2.875 billion of that.When we last reported on this significant buyer of risk transfer, the California Earthquake Authority (CEA) had grown the tower slightly to $7.912 billion as of the end of 2025, with the catastrophe bond market providing its largest share of the risk transfer limit ever, at 36% of the total. The California Earthquake Authority’s (CEA) need for risk transfer, which it procures from the…
Alliant Insurance Services hired Joseph Ehrlich and Jackson Bender as executive vice presidents within its mergers and acquisitions (M&A) vertical. Joseph Ehrlich Based in New York, Ehrlich has experience advising private equity firms, family offices and strategic investors on complex transactional risk insurance solutions, due diligence and risk management strategies. A former M&A attorney, Ehrlich previously served as the national practice leader for private equity, family office and M&A at Beecher Carlson. Jackson Bender Bender delivers resources and advisory services for corporate and financial acquirers and their portfolio companies. His experience spans transactional risk support, negotiation guidance, due diligence services,…