Anthropic plans to widely release new artificial intelligence models in the coming weeks with cybersecurity capabilities comparable to Mythos, a technology the company previously said was too dangerous to make available to the general public. The company said Thursday that it has made “swift progress” in developing “stronger safety safeguards” that would allow it to release Mythos-level AI models to all customers. The company made the announcement alongside the release of a new model, called Opus 4.8, that’s meant to be better at carrying out coding tasks on behalf of users. Anthropic has said Mythos is capable of identifying and…
Author: Awais
The latest forecasts of predicted activity levels for the 2026 Atlantic hurricane season continue to point to a below-average number of tropical storms and hurricanes forming this year, with updates from Tropical Storm Risk and the UK Met Office available today.All forecasters are calling for below-normal levels of storm formation for the Atlantic basin in the 2026 hurricane season, but there is some caution over the influencing factor of El Niño and precisely how that affects the chances of intensification for any storms that do form and head towards land. The UK Met Office calls for between 6 and 12…
The industry has been waiting for regulators to finalize the rule amid snowballing concerns about how insurers and providers settle out-of-network claims. The regulation is aimed at making that process more efficient.
Jamaica’s Prime Minister and Minster for Finance and Public Services both praised global investor support for the $200 million IBRD CAR Jamaica 2026 catastrophe bond, with the third cat bond a key pillar in the countries fiscal resilience and disaster risk financing, while also revealing they plan to expand parametric coverage under CCRIF.Speaking yesterday the Jamaica leadership expressed thanks for the support from institutional and insurance-linked securities (ILS) investors for the countries largest catastrophe bond yet. The one-third upsized $200 million World Bank facilitated catastrophe bond will now occupy a key upper-layer of Jamaica’s layered risk transfer and disaster risk…
The agreement includes Lilly’s new pill Foundayo and restores coverage for Zepbound, erasing what had been a commercial edge for rival Novo Nordisk.
Reinsurance buyers in Florida continue to turn to and leverage the catastrophe bond amidst rising appetite for risks from the state and softening of property catastrophe rates, with over $3.2 billion of new Florida-focused cat bonds having been issued thus far for 12 sponsors in 2026 year-to-date (up to May 12, 2026), according to Guy Carpenter.In its June 2026 Florida Reinsurance Renewal Report, broker Guy Carpenter highlights that in 2026 YTD, 42 different cat bonds were issued through 39 sponsors, with these transactions totalling over $10 billion in limit, which matches pace with the same point of activity from 2025.…
The lawyer representing a former JPMorgan Chase & Co. vice president in a graphic sexual harassment suit that’s gone viral on social media is trying to withdraw from the case. Daniel Kaiser, who filed the April 27 complaint against JPMorgan and Lorna Hajdini, said Tuesday in a notice to the court that he agreed to be discharged from the case. Kaiser said that his client, Chirayu Rana, would represent himself until he secured new lawyers. But New York state Justice Dakota Ramseur rejected Kaiser’s bid, which came hours before a hearing in the case, as improper. The judge said Kaiser…
There are millions of chemical tanks around the U.S., and experts say it is exceedingly rare for them to fail as long as they are properly maintained and inspected. Yet this past week, there were two major hazardous chemical emergencies on the West Coast. A large tank containing a corrosive chemical at a Longview, Washington, paper mill ruptured on Tuesday, killing two and possibly nine others. And late last week about 50,000 people were evacuated in Southern California after a chemical tank overheated and threatened the area with a catastrophic explosion. Authorities mitigated that risk, and people have been able…
Dr. Roy Schoenberg, who founded the telehealth company Amwell with his brother two decades ago, will become the new head of Amazon’s healthcare unit on July 1.
The U.S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event, according to a new whitepaper from Moody’s. The growing insurance protection gap, now at 65%, poses a significant financial risk to households and local governments, which have long relied on FEMA Specific Flood Hazard Area (SFHA) maps primarily based on riverine flooding, and generally don’t account for flood risk from storm surge, sea level rise or extreme precipitation, the Moody’s report said. This exposes counties to…
Florida Governor Ron DeSantis unveiled a much-awaited proposal to gradually eliminate property taxes on the vast majority of primary homes in the state, a measure that would transform the way the state finances itself. DeSantis proposed eliminating property taxes on the first $250,000 of homesteaded properties, which would fully eliminate property taxes for 60% of Floridians, the governor said in a press conference. The tax exemption would eventually rise to homestead properties of $500,000 and cover 92% of homeowners. The current exemption on the assessed value of a home is $50,000. “If some billionaire from Brazil is buying, tax them,…
Texas Attorney General Ken Paxton added WhatsApp to the growing list of companies he has accused of violating Texans’ data privacy, announcing a lawsuit against the messaging app and its parent company, Meta, last week. The lawsuit states WhatsApp is deceiving its users by claiming to offer “end-to-end encryption,” or a software that conceals the contents of a message to anyone, including the company, except to the sender and receiver. This follows Paxton’s lawsuit against Netflix, also over privacy issues, earlier this month and a recent settlement with smart TV maker LG electronics, all while he pursues the Republican nomination…
For coverage of Medicare benefits, people face a choice between traditional Medicare and private Medicare Advantage plans. While there are many distinguishing features between these coverage types, one key benefit of Medicare Advantage is an annual cap on out-of-pocket costs for medical benefits, which traditional Medicare does not include. In 2026, the out-of-pocket limit for Medicare Advantage plans may not exceed $9,250 for in-network services and $13,900 for a combination of in-network and out-of-network services, but plans can have lower out-of-pocket limits than the maximum. Policymakers have long considered whether to add a similar out-of-pocket cap in traditional Medicare. In…
Luminor Risk, a managing general agent specializing in the U.S. excess and surplus property market, announced its official launch on May 28 with backing from investment and technology firm D.E. Shaw group. Luminor was co-founded by three underwriting leaders: Matt Booker will be Luminor’s chief executive officer. He most recently was executive vice president and underwriting manager for property and inland marine at Chubb’s Westchester. He has also worked at Chubb, Ace, XL, and Munich Re. Bradley Winfield is co-chief operating officer. He was head of U.S. property, marine, and programs at Canopius USA, where he launched and scaled the…