Author: halcyonltd

A federal judge dismissed a lawsuit on Monday by Elon Musk’s artificial intelligence company xAI that accused rival Sam Altman’s OpenAI of stealing trade secrets for chatbots. U.S. District Judge Rita Lin in San Francisco said xAI failed to show …

The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …

A former Citigroup executive alleged in a lawsuit that the bank fired her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi’s efforts to court U.S. President Donald …

Global professional services firm Aon has announced the appointment of Andy Desmond as head of construction for Commercial Risk in the UK, effective 1 July 2026. Bringing over 25 years of experience in both client-side and brokerage roles, Desmond will lead Aon’s UK construction practice, tasked with advancing the firm’s capabilities and driving growth. He […]

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A new report published jointly by the International Underwriting Association (IUA) and Airmic is pushing the insurance market toward outcome-based policy structures in an effort to close widening protection gaps. The report was produced as the result of a series of roundtables held with Airmic and IUA members, with KPMG as a thought leadership partner. […]

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Illegal cyber activities accounted for around a third of all crimes recorded in some Asian countries, with scams the most widespread and financially damaging, according to a new Interpol report. The global policing agency’s latest cyber threat cyber threat assessment …

General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has appointed Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD), effective June 16th, 2026, a role he had held in an interim capacity since October 1st, 2025. The reinsurer notified the country’s Ministry of Finance that the appointment has been approved by the Central […]

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CRC Group, a specialty insurance distributor, has announced the appointment of experienced insurance and reinsurance professional, Bethany Greenwood, as Chief Executive Officer (CEO) of its Underwriting Division. Greenwood joins the role with more than 25 years of leadership experience across the specialty insurance sector, covering brokerage, underwriting and executive management. She was most recently based […]

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Artificial intelligence has become a significant industry trend that is here to stay. Insurers no longer use AI as an experimental tool but instead have ingrained it into everyday insurance operations. Notably, carriers utilize AI for underwriting, pricing, claim intake …

While visiting family in St. Petersburg, Florida, in November 2024, I found myself walking down a quiet residential street in Shore Acres, a low-lying, bayfront neighborhood not far from where I grew up. Two months earlier, Hurricane Helene had sent …