Meatpacker National Beef Inc. said it is seeing a bottom in the US cattle industry’s downturn as it reported its highest margin in two years. “We do believe we are through the worst part of the cycle,” National Beef’s Chief Executive Officer Tim Klein told journalists on Thursday. A reduction in overall slaughter in the …
Acquisition will expand Price Forbes South Africa’s financial and professional lines offering and add new lines Source link
Kirsten Davies, the Pentagon’s Chief Information Officer, said the potential significance for the US of the recent supermarket freezer hacks in Europe dawned on her abruptly when she first read about them. “Holy cow! What else uses refrigeration?” she recalled of her immediate reaction, in an interview with Bloomberg News. Davies described the freezer hacks …
SiriusPoint shares jump 4.8% following legacy deal Source link
At least eight people have died and more than 17 including seven children and one firefighter have been injured in a building collapse in Brooklyn. The New York Fire Department (FDNY) responded within one minute to a 4:01 p.m. call Wednesday to 1321 Flatbush Avenue in Brooklyn for the collapse of a three-story, multiple-dwelling building …
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Maryland’s highest court heard arguments on an appeal Monday that will affect 1,300 lawsuits filed under the Child Victims Act. The 2023 law effectively eliminated time barriers for someone to file a court claim of institutional sex abuse. At issue are the roughly 1,300 cases in which the alleged sexual assaults took place before 1982, …
Bermuda-based reinsurer cuts property and specialty volumes, but casualty book grows on ‘select’ growth opportunities Source link
Liberty Mutual Investments, the investment firm for Liberty Mutual Group, said it has provided debt financing to Synergy Pet Group to support the company’s continued pet services and technology expansion. Synergy Pet Group, based in Lakewood, New Jersey, is backed by LoneTree Capital, which made a growth investment in the company in 2023. LMI also …
SMART follow syndicate Ki is not planning to use artificial intelligence in its underwriting algorithms, its active underwriter has said. Speaking to the Insurance Day podcast, Helen Rios, said the business was looking at different ways it could implement AI into its processes. But Rios said AI would not be used to determine risk appetite …
The number of measles cases in Pennsylvania reached 1,505 as of Monday, up 18 from the previous update on Friday, as the state battles its worst outbreak of the disease in years. Here are more details: Pennsylvania reported 73 new cases over the past seven days, according to the state health department’s dashboard Measles-related hospitalizations …
Risk of overcorrection if market responds too soon to AI risk, Tokio Marine Holdings’ head of cyber warns Source link