New York’s attorney general sued Polymarket on Thursday, escalating her battle against prediction markets, an industry that she says violates state laws against illegal gambling. Attorney General Letitia James filed her petition nearly two months after bringing a similar case against Polymarket rival Kalshi. She filed similar petitions in April against two other prediction market …
Gary McInally also named managing director of the Bermuda-based group’s managing general agent platform Source link
The Federal Bureau of Investigation is probing hackers’ claims that they broke into the bureau’s systems and stole thousands of current and former employees’ data, the bureau said in a statement Sept. 23. A group known as ShinyHunters claimed responsibility for the alleged hack on Tuesday. The gang said it had attacked the FBI in …
Axa XL report outlines five priorities for resilient AI adoption Source link
Polo’s top winds reached 180 miles (290 kilometers) per hour, making it a Category 5 storm in the five-step, Saffir-Simpson scale. The intensification ties Polo with Super Typhoons Bavi and Sinlaku for the title of the Northern Hemisphere’s strongest storm this year, said Phil Klotzbach, a hurricane researcher and seasonal forecaster with Colorado State University. …
Carrier hires Navigators’ Sternadori as head of US excess casualty Source link
Alphabet Inc. agreed to fund capacity increases at two nuclear plants operated by a Southern Co. subsidiary that will add about 96 megawatts of new supplies amid a data center-driven jump in electricity demand. Alphabet’s Google will finance so-called uprates at the Vogtle and Hatch nuclear plants in Georgia via a new tariff, according to …
Insurers expect to more than double AI-related technology budgets over next three years, survey finds Source link
The Federal Aviation Administration said it’s resolved the equipment outage at an air traffic facility in Philadelphia that severely disrupted air travel in the Northeast, leading to hundreds of flights being canceled. Telecommunication lines have been repaired and operations were resuming at all airports in the region, though it will take time to clear existing …
New Liiba research finds clients value service and the confidence their risks are being expertly managed Source link
Mosaic Insurance, the Bermuda-based insurer, launched a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative, called HALO, combines broker trading activity, underwriting decisions, and portfolio outcomes in a single operating environment. HALO is a modular AI infrastructure for Mosaic’s SME business across …
Collateralised reinsurer is expanding in Europe and Bermuda and opening a Caymans office Source link