Two-thirds of nurses who walked out of major hospitals in New York City a month ago have reached preliminary agreements with their employers and may end the strike this week, the union representing 15,000 striking nurses said on Monday. The strike at three healthcare networks – Montefiore, Mount Sinai and NewYork-Presbyterian – led to staffing shortages and a state of emergency declared by New York Governor Kathy Hochul to allow out-of-state and foreign staff to cover for striking nurses. The state of emergency, which took effect on January 9, was set to expire on Sunday, but Hochul extended it until…
Author: Awais
Online insurance agent Insurify said it has launched a ChatGPT app to allow consumers to compare and shop for insurance. Insurify said the app is the first insurance app in OpenAI’s directory. “Shopping for car insurance has traditionally been time-consuming, confusing, and frustrating for many drivers,” said Snejina Zacharia, founder and CEO of Insurify, in a statement. “With our new ChatGPT app, we’re redefining the insurance shopping experience by making it feel as simple as having a conversation. Drivers can ask questions in plain language, explore personalized quotes, and review real customer feedback, all in one place.” Within ChatGPT, users…
Talanx, the name behind Hannover Re and HDI Global, expects to reach and exceed its earnings forecast of more than €2.5 billion for 2027 one year earlier than planned, following a 25% increase in group net income for the 2025 financial year, according to preliminary, unaudited consolidated figures.
The buybacks were supported by higher underwriting income and improved operating results across the group’s insurance and reinsurance businesses. Net income available to common shareholders for the quarter reached $1.2 billion, or $3.35 per diluted share, compared with $925 million, or $2.42 per share, in the same period a year earlier. After-tax operating income available to common shareholders totalled $1.1 billion, or $2.98 per diluted share, up from $866 million, or $2.26 per share.
Elon Musk’s “Vegas Loop,” a network of underground tunnels to ferry passengers in Teslas, was under fresh scrutiny this week from Nevada lawmakers who raised concern about alleged workplace safety and environmental violations. Lawmakers spent hours grilling state safety officials over alleged violations by the Boring Company, the Musk-owned venture with tunneling projects also planned in Nashville and Dubai. Company officials declined to attend but provided written answers defending the project. Related: A Texas Congressman Is Helping Musk Pitch $760M Tunnel Project for Flooding “I think they are a company that acts like they are kind of above the law…
Helix Underwriting Partners Bermuda, the multi-line independent managing general agent, announced the launch of its London property offering, Helix International, which has been trading since the start of the year, in partnership with PartnerRe Insurance Programs. The program provides capacity for direct and facultative property within the London market. The London D&F program offers capacity of up to $5 million, on all-risk property coverage for a diverse client base, from small businesses to large corporations, with total insured values exceeding $100 million. Coverage will be available through selective wholesale and retail relationships. “Our expansion into the London market demonstrates our…
Singapore’s four telecom companies, Singtel, StarHub, M1, and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore’s Cyber Security Agency said on Monday. The agency said the hackers were able to penetrate and gain access to some parts of the telecom systems, but could not disrupt services and did not access personal data. “They also managed to exfiltrate a small amount of technical data; this is believed to be primarily network-related data to advance the threat actors’ operational objectives,” the agency said. Google-owned cyber security firm Mandiant has described UNC3886 as a “China-nexus espionage group”…
Rachana Pradhan The National Cancer Institute, the federal research agency charged with leading the war against the nation’s second-largest killer, is studying ivermectin as a potential cancer treatment, according to its top official. “There are enough reports of it, enough interest in it, that we actually did — ivermectin, in particular — did engage in sort of a better preclinical study of its properties and its ability to kill cancer cells,” said Anthony Letai, a physician the Trump administration appointed as NCI director in September. Letai did not cite new evidence that might have prompted the institute to research the…
South Korean officials blamed a massive data leak last year at Coupang on management failure, rather than a sophisticated cyberattack, and urged the e-commerce giant to fix vulnerabilities in its security systems. Announcing the first findings of a government-led probe, the Science Ministry said on Tuesday a former Coupang engineer, who was aware of flaws in the authentication process, broke into the system in April, a breach that lasted until November. The same person had attempted to gain access in January, it said. Coupang Korea, operated by U.S.-listed Coupang Inc., faced a public and lawmaker backlash over the breach. The…
China’s Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker. The recalled EVs include models ES8, ES6 and EC6 and were manufactured between March 16, 2018 and January 16, 2023, a statement released by the State Administration for Market Regulation on Monday said. Some of these vehicles have a software issue that could lead to a brief blackout of the instrument cluster and central control screen, it said. The scale of the recall, equivalent to roughly three quarters of Nio’s 2025 sales volume, surpassed that…
With global warming said likely to drive a rise in the frequency and severity of natural disasters and certain extreme weather events, the re/insurance industry faces a shifting landscape. However, a recent analysis by Solidum Partners AG suggests that the insurance-linked securities (ILS) market is uniquely positioned as a key capital source to support re/insurers.In a recent report, the Swiss specialist ILS investment manager explained that while it believes the ILS market is likely to ultimately profit more than the traditional reinsurance industry from the effects of global warming, given the likely growing need for capacity, it will need to…
Chevron Corp. acquired a ranch in West Texas whose owner had been waging a legal battle accusing the US energy giant of negligently spilling toxic water and crude oil on the 22,000-acre property. The sale of Ashley Watt’s Antina Ranch was recorded on Feb. 3 by the Crane County Clerk, according to public records. The buyer was listed as Crane Property Holdings, a company that has the same address as Chevron’s office in San Ramon, California. No price was disclosed, as is typical under Texas law. Chevron and Watt reached a confidential settlement in December, a month before the case…
A Colorado funeral home owner who stashed 189 decomposing bodies in a building over four years and gave grieving families fake ashes was sentenced to 40 years in state prison. During the sentencing hearing, family members told Judge Eric Bentley they have had recurring nightmares about decomposing flesh and maggots since learning what happened to their loved ones. Related: Judge Rejects Deal for Funeral Home Owner Accused of Stashing 190 Bodies They called defendant Jon Hallford a “monster” and urged the judge to give him the maximum sentence of 50 years. Bentley told Hallford he caused “unspeakable and incomprehensible” harm.…
Michael Griffith had been working as a stockpiler at Wendling Quarries in Garrison, Iowa, for just over a week when he died on January 8, 2020. His job involved climbing onto a catwalk surrounding a lime surge hopper, a large bin that collects processed limestone, and using a long pole to scrape accumulated lime dust from the sides.