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 with protecting workers’ rights filed a lawsuit Friday seeking to ban the registration of products containing glyphosate and its derivatives. The suit also seeks to prohibit authorization for the production, export, import, sale and use of the active ingredient and its compounds, citing risks to human life, occupational health and the workplace environment. An effective cancellation of glyphosate’s registration in…
Author: Awais
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: direct private credit losses, further hits from loans to software firms in correlated leveraged debt markets and broader second-round market revaluations, the ECB said in an extract from its financial stability review published on Tuesday. Insurers faced the biggest impact in absolute terms because of their larger, less senior exposures to private credit and equity holdings in the broader market…
Transcript AI Usage Disclosure: This transcript was created with assistance from AI tools. It was reviewed and edited by KFF Staff. Chip Kahn: Today we move from the wide angle to the front line. We turn to the actual application of AI to clinical care and hospital operations across a real health system at full scale. My guest is Dr. Michael Schlosser, Senior Vice President and Chief Transformation Officer at HCA Healthcare. 190 hospitals; 2,500 ambulatory sites; more than 47 million patient encounters a year. No other private sector operator is that large and no one else deploys AI at that scale. What you will hear is how AI in health care actually gets developed for everyday…
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 out at allies for not doing more to support the United States’ war effort in Iran, whose chokehold on the strait has crippled international shipping and sent energy prices soaring. In March, Trump told NATO allies to “go get your own oil” and secure the strait themselves. On the southern tip of the Iberian Peninsula, in the British Overseas Territory…
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 location, alerted the pharmaceutical company in real-time about the threat. The intervention earlier this month is an example of how nascent technology can help protect the world’s $35 trillion global trade system, not just from geopolitical disruption and human error, but also from an increasingly unpredictable climate. Without an alert about potential high-temperature risks to the clinical product, “then guess…
Pennsylvania Attorney General Dave Sunday announced an agreement with GEICO that should modify an artificial intelligence (AI) initiated auto insurance policy cancellation process the state alleged was unfair and confusing, The agreement stems from a complaint from a new GEICO policyholder in West Philadelphia who lost her insurance as a result of the company’s standard 60-day policy review for new customers. The company utilized a tool with artificial intelligence to select the customer for further review and underwriting, leading to cancellation without adequate notice and the customer unknowingly driving uninsured. GEICO required the policyholder to submit additional documentation under threat…
Lumen Re, the main Bermuda-domiciled rated reinsurance underwriting vehicle of specialist insurance-linked securities manager LGT ILS Partners, continued to exhibit a lower loss ratio last year according to AM Best, while its latest financial report shows the gross premiums underwritten rose 23% in 2024 to approaching $207 million.In the latest Lumen Re Ltd. rating affirmation by AM Best, the agency explained that the Class 3B reinsurer has again renewed its status as a reciprocal jurisdiction reinsurance company in 37 US states for 2026 It’s now the third year in a row the LGT ILS Partners linked reinsurer has kept this…
Ferries, cargo ships and tankers cut through choppy waters in the San Francisco Bay as a whale surfaced nearby, its spout barely visible against the white caps. Until now, whales could easily go unnoticed by mariners, but an AI-powered detection network launched this week is designed to track them day and night. The system, called WhaleSpotter, scans the bay around the clock for whale blows and heat signatures up to 2 nautical miles away, alerting mariners to slow down or reroute when whales are nearby. “They’ll be able to make adjustments way before they get anywhere close,” said Thomas Hall,…
A Florida appeals court this month handed ridesharing companies like Uber and Lyft a major legal victory with a broad interpretation of what the court called an unusually broad liability immunity law. The 4th District Court of Appeals, one step shy of the state Supreme Court, found that Lyft Florida Inc. was not liable for the alleged assault by one of its drivers on a passenger, under House Bill 1352, which was signed into law in 2020. It was the first scrutiny of the 2020 statute by an appellate court. “The scope of immunity provided by Subsection 18’s plain text…
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 a Delaware state court. Shareholders of the “Call of Duty” video game maker, led by Swedish pension fund Sjunde AP-Fonden, accused former Activision Blizzard executives including Chief Executive Bobby Kotick of breaching their fiduciary duties to investors by agreeing to a $95-per-share takeover price. The shareholders said Kotick rushed into the merger so he could keep his job and $400…
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 Thursday issued its seasonal outlook for the Atlantic, giving a 55% chance of a below-average season. The agency forecasts eight to 14 named storms, with three to six of them becoming strong enough to hit hurricane status and one to three of those intensifying to major hurricanes. A normal hurricane season has 14 named storms, seven of them becoming hurricanes…
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, Tucson, Tucson Hybrid, and Tucson Plug-In Hybrid Electric vehicles. The auto safety agency said that a software error in the front cameras of the vehicles may cause the forward collision avoidance system to prematurely activate and cause the application of brakes, increasing the risk of a crash. Dealers will update the front camera software at no cost, the regulator added.…
One person has died after a fire and two explosions Friday at a New York City shipyard, officials say. Officials said 36 people were injured, most of them firefighters and other first responders, and one civilian died at the scene. A firefighter and a fire marshal were inside the structure when a second explosion happened, and both were seriously injured by the shock wave from the blast. “This was a complex, fast-developing emergency situation,” New York Mayor Zohran Mamdani said during a news conference Friday evening. Multiple people called the fire department around 3:30 p.m., reporting smoke and two workers…
Here are the ten most popular news articles, week ending May 24th 2026, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read articles on Artemis.bm, week ending May 24th 2026: State Farm gets $1.5bn of reinsurance with Merna Re Enterprise II 2026-1 catastrophe bondState Farm returned to the catastrophe bond market in recent weeks and has now secured a significant $1.5 billion of reinsurance protection through a Merna Re Enterprise…