News Center
News Archives - Insurance Journal
Chinese AI Model Kimi K3 Escapes Sandbox in Third-Party Test, Researchers Say
Chinese firm Moonshot’s latest artificial intelligence model broke out of a cyber-testing environment, researchers said, in the latest incident that raises concerns about how well AI companies control their technology. Moonshot’s Kimi K3 was able to find its way out …
POSTED AUGUST 07, 2026 4:10 PM |
People Moves: Paulk Named COO of Old Republic Excess & Surplus
Old Republic International Corporation announced that John Paulk has been appointed Chief Operating Officer of Old Republic Excess & Surplus, reporting to Ralph Sabbagh, President. In making this announcement, Craig Smiddy, Old Republic International’s President and Chief Executive Officer, noted, …
POSTED AUGUST 07, 2026 4:07 PM |
Ignite Specialty Risk Launches Australian Operations, Led by Stormont-Sainsbury
Ignite Specialty Risk, the London-based managing general agent, has launched operations in Sydney, Australia, led by Lucinda Stormont-Sainsbury. “Australia is an important strategic market for Ignite and establishing our Australian operations marks a significant milestone in our international growth,” commented …
POSTED AUGUST 07, 2026 3:50 PM |
Jury Finds No Malpractice by NY Law Firm in Patriot National Downfall
A Broward County jury on Thursday exonerated the Simpson Thacher & Bartlett law firm, finding the large New York firm’s lawyers were not negligent in the downfall of Patriot National, the Florida insurance services firm that went bankrupt a decade …
POSTED AUGUST 07, 2026 3:27 PM |
Major Hedge Funds Targeted in Wave of Attempted Cyberattacks
Hackers launched a wave of sophisticated attacks on Wall Street firms in recent days, targeting information systems at major money managers, according to people familiar with the matter. Point72 Asset Management informed investors on Wednesday that it had been attacked, …
POSTED AUGUST 07, 2026 3:02 PM |
Allstate Introduces Large Language Model, ALLIE
Allstate CEO Tom Wilson said the insurer has a “technology-drive strategy, not a strategy supported by technology.” And the next step in the strategy is the build of ALLIE – Allstate’s Large Language Intelligent Ecosystem. Speaking to analysts during a …
POSTED AUGUST 07, 2026 1:59 PM |
Washington Arson Suspect Timed Fire for High Wind Day
The 37-year old man suspected of starting one of the fires burning around Spokane, Washington told a detective that he planned the arson attack for Sunday to coincide with a “high winds” day, according to court documents. That blaze was …
POSTED AUGUST 07, 2026 12:55 PM |
AIG’s General Insurance Q2 Underwriting Income Up 10%
Second quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 10% compared with the prior year, to $686 million. Insurance financial results for Q2 included catastrophe losses of $210 million, and increase over the $170 …
POSTED AUGUST 07, 2026 12:14 PM |
Munich Re Posts Better-Than-Expected Profit Amid Low Loss Claims
German reinsurer Munich Re on Friday posted a 6% rise in net profit in the second quarter, defying expectations for a drop and lifted by low major loss claims. Net profit in the quarter of €2.211 billion ($2.55 billion) compares …
POSTED AUGUST 07, 2026 9:11 AM |
AXA XL to Acquire Corporate Intelligence and Cybersecurity Consultancy, S-RM
AXA XL announced it has entered into an agreement to acquire S-RM, the London-based specialist corporate intelligence and cybersecurity consultancy — raising its shareholding from approximately 49% to 100% ownership. Financial details of the deal, which is expected to close …
POSTED AUGUST 07, 2026 8:34 AM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Sutter McLellan and Gilbreath confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|