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Gov. Newsom Issues Executive Order to Prep Workers, Businesses for AI Disruption

Article 0 Comments California Gov. Gavin Newsom issued an executive order to attempt to deal with the impacts of artificial intelligence on workers and businesses. Related: Acrisure to Cut 2,250 Employees, Citing Advances in Technology and AI The order directs the state to explore policies that include severance standards, employment insurance and transition support for displaced workers, worker ownership models, universal basic capital concepts, expanded workforce training and better tracking of hiring and payroll trends to help respond to potential layoffs and economic disruption. The order directs the certain state agencies to: Evaluate and support opportunities to expand and enhance worker ownership models to support capital growth and build wealth from productivity gains among workers, including employee-owned company structures. Support small businesses through educational and incentive opportunities on best practices and applications for using emerging technology. Identify ways the collective bargaining process has delivered positive outcomes for workers. Add more on-the-job training and AI preparation in higher education. Review policies that provide workers with a safety net, including severance and other forms of compensation such as stock or other forms of equity. Increase awareness and enrollment of employment insurance programs. Create an AI playbook to modernize job training programs, including...

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Delay in Calling Police Does Not Wreck UM Claim, WV Supreme Court Says

Article 0 Comments A West Virginia uninsured motorist policy specified that the policyholder must report an accident to police within 24 hours. But that’s not enough to negate a claim, the West Virginia Supreme Court of Appeals decided this week. The West Virginia National Auto Insurance Co. policy for Danny and Jackie Dobbins also noted that the insurer has no duty to provide coverage if the failure to report the incident “is prejudicial to us,” the court explained in overturning a lower appeals court decision in the case. The couple did report the crash to the insurance company within four days, and West Virginia National began its own investigation of the claim. “… We conclude that, under the clear and unambiguous language of the subject policy, West Virginia National was required to prove that its investigative interests were prejudiced by petitioners’ failure to report the accident to a police, peace, or judicial officer within twenty-four hours,” the high court wrote in its May 21 opinion. The carrier failed to prove any prejudice was caused by the delay in reporting to authorities, the justices said. The Dobbins said their pickup truck was struck by another truck that left the scene. They...

IBM Consulting Expands AI Capabilities to Accelerate Enterprise Transformation 0

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IBM Consulting Expands AI Capabilities to Accelerate Enterprise Transformation

New updates to IBM Enterprise Advantage fast-track enterprise AI transformation across hybrid and regulated environments Pearson and Providence accelerate AI transformation with IBM Expanded AWS and SAP collaborations boost multi agent interoperability and deployment flexibility Armonk, NY (May 6, 2026) – IBM is pleased to announce new capabilities delivered through IBM Enterprise Advantage, a first-of-its-kind asset-based consulting service that helps clients build and operate their own hybrid-AI platforms. IBM also introduced updates across IBM Consulting Advantage, its internal hybrid-AI platform for delivering consulting services to clients. Pearson, Providence, and Amazon Web Services (AWS) joined IBM Consulting on the Think stage today to share how they are using these capabilities to deploy AI across critical workflows and systems. “Organizations aren’t just trying to scale AI, they’re trying to scale it with control across multiple AI stacks and within their business context,” said Mohamad Ali, SVP and Head of IBM Consulting. “With Enterprise Advantage, we help clients build their own internal AI platforms with sovereignty at the core, and with Consulting Advantage, we use that same approach to deliver our services to clients. Both are powered by IBM watsonx.” New Capabilities to Create AI Agents with Business Context IBM introduced two new updates to Enterprise...

Verisk Brings Its Trusted Analytics and Generative AI Capabilities Directly into Anthropic’s Claude 0

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Verisk Brings Its Trusted Analytics and Generative AI Capabilities Directly into Anthropic’s Claude

New Verisk Model Context Protocol (MCP) connectors enable conversational, natural-language interactions, provide contextual access to Verisk’s trusted insurance analytics inside enterprise AI environments. Enables underwriting and claims professionals to access Verisk’s regulatory-grade data within Claude, surfacing relevant insights and reducing manual tasks. AI-enabled insurance workflows with embedded governance and security controls that reinforce trust, ensure humans remain at the center of every decision. Jersey City, NJ (May 5, 2026) – Verisk, a leading strategic data analytics and technology partner to the global insurance industry, is pleased to announce its trusted insurance analytics are now available in Claude, Anthropic’s family of AI models, through standardized Verisk Model Context Protocol (MCP) connectors. These connectors enable insurance and property restoration professionals to access insights conversationally within a secure, governed environment, and bring meaningful efficiency. Verisk’s analytics and solutions are used by U.S. property & casualty insurers, including the top 100 insurers, as well as global insurers, reinsurers and brokers. This deep understanding of essential processes, platforms, and workflows positions Verisk to responsibly support the next evolution of how insurance professionals engage with trusted data and analytics through AI. Building on this foundation, Verisk MCP connectors simplify access to insurance analytics, surfacing contextual insights...

AI trailblazers see higher revenue growth while broader P&C industry lags 0

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AI trailblazers see higher revenue growth while broader P&C industry lags

The moment of truth for property & casualty insurance: Artificial intelligence trailblazers see 21% higher revenue growth while broader industry lags The 10% of insurers that have advanced AI capabilities are outperforming peers on revenue growth and share price Trailblazers are scaling beyond AI pilots through strategic implementation, comprehensive training and explainable AI tools Paris, France (May 5, 2026) – Property and casualty (P&C) insurers face a widening competitive divide, with only 10% of the industry successfully scaling AI, while others struggle to capture meaningful benefits. Now in its 19th edition, the Capgemini Research Institute’s World Property & Casualty Insurance Report 2026 suggests the AI maturity gap can be partly explained by the fact that 42% of insurers track no AI metrics. Without a way to measure and validate what works, 60% of insurers remain in the exploration or proof-of-concept stage. The report shows only a small cohort of insurers are currently treating AI as a core operating capability, rather than a set of tools, by ensuring alignment across strategy and talent, technology foundation, and organizational adoption simultaneously. These insurers are defined as “intelligence trailblazers,” achieving up to 21% higher revenue growth and approximately 51% greater increase in share price...

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Ohio Man Sentenced for Causing $860K in Computer Fraud Losses

Article 0 Comments A 36-year-old Ohio man has been sentenced for computer fraud after causing more than $860,000 in losses, Acting U.S. Attorney John G.E. Marck announced. Maxwell Schultz, Columbus, Ohio, pleaded guilty Nov. 18, 2025. Senior U.S. District Judge Lee H. Rosenthal has now ordered him to serve 24 months in federal prison to be immediately followed by three years of supervised release. At the hearing, the court heard about the damage and sophistication of the attack and how Schultz used another employee’s account to mask his intrusion which led to the investigation of that account initially. In handing down the sentence, Judge Rosenthal noted this is not the appropriate reaction to being fired. Schultz was also ordered to pay $862,516.74 in restitution. On May 14, 2021, Schultz was terminated from his position as a contract employee in his company’s information technology department. Shortly after, he accessed the company’s network by impersonating another contractor to obtain login credentials. He ran a PowerShell script that reset approximately 2,500 passwords, locking thousands of employees and contractors out of their computers nationwide. Schultz also searched for ways to delete logs, PowerShell window events and cleared multiple system logs. The attack to the...

Most Canadians Aren’t Ready for a Disaster: Do you Have an Emergency Kit? 0

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Most Canadians Aren’t Ready for a Disaster: Do you Have an Emergency Kit?

Mississauga, ON (May 5, 2026) – As wildfires, floods, and extreme storms intensify across Canada, a new survey from First Onsite Property Restoration finds that most people are not ready for them. Just over one in four Canadians (28 per cent) have an emergency kit prepared—even as awareness of climate-driven risk has never been higher. Released during Emergency Preparedness Week (May 3–9), the findings arrive as Public Safety Canada and partners are calling on Canadians to “Be Prepared and Know Your Risks.” The survey findings highlight a clear disconnect between awareness and action. Three quarters of Canadians (75 per cent) say they know where to find official weather emergency information and alerts. Yet only 38 per cent feel they are prepared for a weather-related emergency. The gap is perhaps sharpest when it comes to basic preparedness. Just 36 per cent of Canadians – homeowners and businesses alike – know their local evacuation routes. This is striking for a country that has watched wildfires, floods, and major storms reshape communities in recent years. Two thirds of Canadians (67 per cent) believe all levels of government could be doing more on disaster preparedness, while only 44 per cent feel confident in their...

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Crypto Crime Escalates With Kidnappings, Cons and Human Coercion

Article 0 Comments After a year of kidnappings, assaults and armed home invasions targeting cryptocurrency holders, the industry is racing to harden its defenses. Conferences are beefing up security. Private firms serving crypto holders say demand has surged. Exchanges are protecting their executives. The defensive stance was on display at the Bitcoin 2026 conference in Las Vegas last month, where many of the highest-profile speakers moved through the venue trailed by personal bodyguards. A standing-room-only workshop taught attendees how to protect their crypto holdings during a home invasion. The Las Vegas Metropolitan Police Department, The Venetian Resort security team, external contractors and private security all worked together to provide protection, according to Justin Doochin, head of events at BTC Inc., the conference organizer. A few weeks earlier, at Paris Blockchain Week, guests had been escorted by police motorcade to a VIP dinner and organizers had doubled security around the two-day event. Read more: Crypto Traders Seek Out Extra Security as Kidnappings Rise The technology’s defining transparency, which its adherents have long celebrated as a structural improvement on the opaque plumbing of traditional finance, is the same feature that lets a criminal identify a target. Physical attacks on cryptocurrency holders rose...

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Michigan Secures Settlement With Car Financing Company Over Auto-Repair Agreements

Article 0 Comments Michigan Attorney General Dana Nessel has secured an agreement with West Creek Financial, Inc., a Virginia corporation doing business under the name Koalafi, to resolve allegations that the lease-to-own financing company violated the Michigan Consumer Protection Act and Rental-Purchase Agreement Act. Under the Assurance of Voluntary Compliance and Discontinuance, West Creek Financial will pay $3.25 million to the Department of Attorney General. The settlement will primarily be used to provide restitution to eligible Michigan consumers who entered into auto-repair lease-to-own agreements with the company. The Department began investigating West Creek Financial in 2024 following consumer complaints that lease-to-own agreements, traditionally meant for the lease and acquisition of goods, were being used for auto-repair transactions, including labor, parts, and fluids. As part of the agreement, West Creek Financial will pay $3.25 million for consumer restitution and administrative costs. The distribution of restitution payments will be handled through a settlement administrator. Consumers who are eligible for restitution will receive notice from the settlement administrator with information on how to submit a claim. Within 45 days, the company is also required to ensure that lease-to-own agreements are not used to pay for auto-repair-related parts and services. Consumers who previously entered...

SIB Expands Client Offering with the Acquisition of 21st Century Travel Insurance Limited 0

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SIB Expands Client Offering with the Acquisition of 21st Century Travel Insurance Limited

Ancaster, ON (May 4, 2026) – SIB Corp. is pleased to announce the acquisition of 21st Century Travel Insurance Limited, led by industry veteran Jeff Pudwell. This initiative represents a strategic enhancement of SIB’s product suite, further strengthening its ability to meet the evolving, everyday insurance needs of its clients. 21st Century Travel specializes in travel insurance solutions, offering comprehensive inbound and outbound travel coverage options for individuals and families across Canada. Through this partnership, SIB will integrate travel insurance into its existing platform, enabling brokers across its network to deliver a more complete and seamless client experience. Jeff Pudwell, President of 21st Century Travel, will remain with the business and continue to lead its growth strategy. “Partnering with SIB provides an exciting opportunity to scale our offering and reach a broader client base,” said Pudwell. “I’m excited to continue building the business alongside SIB and to ensure 21st Century Travel remains a leading travel insurance MGA in Canada.” “Expanding into travel insurance is a natural progression for SIB as we continue to build a full-service brokerage platform,” said Ted Puccini, President of SIB. “Our clients rely on us to protect what matters most in their daily lives. Adding travel...