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- Amazon Unit Withdraws From Drone Trade Group, Raises Safety Concerns
Amazon.com’s drone unit Prime Air is withdrawing from the Commercial Drone Alliance, taking issue with the industry trade group’s opposition to a regulatory proposal for detect-and-avoid systems to prevent drone collisions with crewed aircraft. In a previously unreported letter seen … [TheTopNews] Read More.35 mins ago - Iran-Linked Hackers Take Aim at US, Other Targets, Raising Risk of CyberattacksPro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos … [TheTopNews] Read More.36 mins ago
- People Moves: HW Kaufman Group Names Hattaway President of RB Jones; Rokstone Hi...HW Kaufman Group Names Hattaway President of RB Jones RB Jones, a managing general underwriter providing specialty risk coverage solutions for brokers, agents and wholesalers, named Michael Hattaway as president. He will be based in New York City and report … [TheTopNews] Read More.37 mins ago
- AI Hyperscalers’ Shadow Borrowing Bolsters Private Credit RisksInvestment in AI infrastructure via off-balance sheet debt is increasing the exposure of insurers and private credit funds to hyperscalers, according to officials at the Bank for International Settlements. “Alongside traditional bonds, hyperscalers have turned to off‑balance sheet arrangements to … [TheTopNews] Read More.40 mins ago
- Florida Brownfield Development Bill Raising Concerns About Coverage, LitigationAmid the last-minute scramble to move legislation before the non-budgetary session was set to end last week, Florida lawmakers quietly approved a bill that could open up more contaminated “brownfield” areas in south Florida to housing development. But the bill, … [TheTopNews] Read More.49 mins ago
- AM Best Revises Outlooks to Stable for Amica GroupAM Best reports it has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Co. and its … [TheTopNews] Read More.50 mins ago
- Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 YearsThe city of New Haven’s insurance company is insisting that the city pay back the $3.55 million the insurer paid to settle claims over a 2019 rooming house fire in which two people were killed. Pennsylvania Manufacturers Association Insurance Co. … [TheTopNews] Read More.50 mins ago
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