News
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe
McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar ...
Business Leaders Rushing AI Adoption Raise Concerns Over Literacy, Ethics and Preparedness: Report
As U.S. business leaders across industries increasingly rely on artificial intelligence (AI) for critical decision-making, gaps in literacy, ethical usage and organizational preparedness remain ...
U.S. Grants Nearly $2B to Harden Power Grid Against Extreme Weather
The U.S. on Friday announced nearly $2 billion in grants to protect its aging power grid against the growing threat of extreme weather fueled by climate change. This round of funding for the Grid ...
Executives on the Move at Aon Reinsurance Solutions and Ryan Specialty
Insurance broker Aon plc announced the creation of two new U.S. Reinsurance Solutions leadership roles. Effectively immediately, Stephen Hofmann has been named U.S. CEO of Reinsurance Solutions for ...
90% of Insurers Have GenAI Budgets; 10% Can Fully Comply With AI Regs
Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to ...
Stronger Helmet Laws Could Have Saved up to 20,000 Motorcyclists: Study
More than 20,000 motorcyclists who died in crashes in the U.S. since the mid-1970s would have survived if stronger helmet laws had been in place, according to a newly released study from the ...
Man Banned From California Work Comp System Charged Again in $100M Fraud Scheme
A man banned for life from California's workers' compensation system after being twice convicted of workers' compensation insurance fraud, along with a San Diego-based neurosurgeon and two other ...
Hurricanes Helene, Milton Likely to Be $50B Disasters; Much Uninsured
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, ...