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Article 0 Comments Illinois Attorney General Kwame Raoul announced a $120 million settlement with Monsanto Company (Monsanto) and affiliates Solutia Inc. and Pharmacia LLC over the environmental and health effects of Monsanto’s decades-long production of polychlorinated biphenyls, known as PCBs. Raoul’s office filed a 2022 lawsuit alleging the company was aware of the chemicals’ toxicity while publicly denying any knowledge of the danger to human health and the environment. This settlement will provide funds to address PCB contamination in the state of Illinois, the city of Chicago and surrounding cities of Evanston, Lake Forest, North Chicago, Zion, Beach Park, Glencoe, Lake Bluff, Winnetka and Winthrop Harbor. “This settlement helps Illinoisans recover from the unlawful and reckless behavior that led to contamination in their communities,” Raoul said. “PCBs have been banned in the U.S. for decades. I’m pleased that this settlement will hold Monsanto accountable for producing and disposing of a dangerous toxic chemical that continues to impact Illinois’ natural resources.” Under the agreement, the state will receive $80 million by March 31, 2026, which will be allocated to the state and the nine settling cities. In addition, the state will receive a minimum of $40 million up to a maximum...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Article 0 Comments South Korean police said on Monday they were tracing IP addresses and looking into possible tech vulnerabilities at Coupang after the e-commerce giant suffered the country’s worst data breach in over a decade. Shares of the company fell 6.5% in morning trading. The personal data of more than 33 million customers was leaked in a breach believed to have started on June 24 through overseas servers, though the company did not learn of the problem until November 18. South Korea’s Science Minister Bae Kyung-hoon said on Sunday the perpetrator had “abused authentication vulnerabilities” in Coupang’s servers, and that authorities would be investigating whether the company violated rules regarding the protection of personal information. Coupang, which is backed by Japan’s SoftBank Group, has said the breach exposed customers’ names, email addresses, phone numbers, shipping addresses and certain order histories, but not payment details or login credentials. Broadcaster JTBC has reported that after conducting an internal investigation, Coupang suspects that a Chinese former employee, who was responsible for authentication tasks, was a key figure in the data breach. A former employee used their authentication key that was still active after the termination of the person’s contract to get access...
AI Will Not Cause a Jobs Apocalypse, but It Will Unleash Jobs Chaos AI to Create More Jobs Than It Eliminates; Over 32 Million Jobs Will Be Transformed Each Year AI-First Only Succeeds When It Is People-First Stamford, CT (Nov. 18, 2025) – The pervasive use of AI is forcing business and IT leaders to rethink their workforce. Executive leaders must develop four scenarios where human and AI can collaborate effectively, said Gartner, Inc., a business and technology insights company. AI will indelibly alter how human workers perform work in the future, however there will not be a jobs apocalypse. Instead, starting in 2028-2029, there will be jobs chaos created by the need to reconfigure, redesign, splinter and fuse over 32 million jobs each year. Speaking at Gartner IT Symposium/Xpo in Barcelona, Helen Poitevin, Distinguished VP Analyst at Gartner, said “Every day 150,000 jobs will evolve through upskilling, while 70,000 more jobs will need to be rewritten, reworked, and redesigned. Executive leaders must plan their AI investments and goals to anticipate and manage these changes. They need to decide on their destination —whether to pursue human-first designs that emphasize supporting people in their work, or to select AI-first designs that...
New York, NY (Nov. 18, 2025) – Essity has selected Accenture and Microsoft to help the global hygiene and health company accelerate the use of AI agents to unlock value and drive efficiencies and growth through improved business agility. As part of the multi-year collaboration, the companies will work together at Essity’s AI Centre of Excellence. Accenture’s top cloud, data and AI experts with deep industry and functional knowledge will use Microsoft’s advanced technologies such as Azure, Copilot Studio, Power Platform and collaborate with Microsoft experts for technical guidance and support. Together, the companies will create a robust and flexible cloud-based technology platform that will provide next-generation AI capabilities, on which Essity can test and scale solutions across their core business processes and functions to deliver transformational impact. This first phase of the collaboration will focus on enhancing procurement and finance operations, where cross-functional teams will test, observe and continuously improve these areas over a period of time. Longer term, Essity plans to scale AI across the company to reinvent other end-to-end business processes, enabling new pathways to value and growth. “To accelerate value generation for our consumers, customers and our employees, we are collaborating with Accenture and Microsoft to...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
Latest innovation builds on the firm’s Aon Broker Copilot and Risk Analyzers to deliver greater speed, insight and value in claims resolution and analytics Dublin, Ireland (Nov. 11, 2025) – Aon, a leading global professional services firm, is pleased to announce the launch of Aon Claims Copilot, a single, integrated digital platform designed to enhance client outcomes through advanced analytics, automation, globally consistent claims management and the specialized expertise of Aon’s claims advocates. Aon Claims Copilot reflects the firm’s commitment to delivering outstanding claims services to clients when it matters most. The new platform supports every stage of the claim’s lifecycle – from the occurrence of a claim to advocacy and negotiation and resolution with advanced analytics. It enables global consistency, data-led performance evaluation and tailored insight to support each client’s risk capital strategy, with additional AI-driven capabilities to come in the first half of 2026. Clients are equipped with access to claims analytics, while Aon colleagues benefit from advanced digital tools to deliver faster, more effective claims outcomes. “Aon Claims Copilot represents an exciting step forward in Aon’s commitment to deliver better information, advice and solutions to clients through technology,” said Joe Peiser, CEO of Commercial Risk at Aon....
QBE publishes latest Control Risks Report New York, NY (Nov. 20, 2025) – Ransomware attacks are set to escalate sharply, with the number of ransomware victims publicly named on leak sites expected to rise from 5,010 in 2024 to more than 7,000 by the end of 2026, according to the latest report from QBE. This increase represents a five-fold increase since 2020, when just 1,412 victims were shared on leak sites. In addition, Canada experienced 30 significant cyber incidents over the past two years, making up 6.7% of the global total (447). North America as a whole, accounted for over 50% of incidents. Compiled in conjunction with Control Risks, QBE’s cyber report Cloud cover: forecasting digital disruption in a cybercrime climate explains how cybercriminals are exploiting AI and cloud vulnerabilities to access sensitive data and disrupt systems. It also shows government and administrative systems were the most targeted sector globally between August 2023 and August 2025, accounting for 19% of all incidents. IT and telecommunications followed at 18%, while manufacturing, logistics and transport sectors together represented 13%. Successful cyberattacks, namely ransomware attacks, can cause financial losses, reputational damage and litigation for the businesses targeted, as well as for their customers and...
Quebec City, QC (Nov. 12, 2025) – Beneva is pleased to announce the launch of the “Rebuild Better” advantage, a free offering that enables policyholders to rebuild in a more sustainable way after a loss. This initiative is part of a broader approach to better support members in adapting to the realities of climate change, while integrating more eco-responsible principles into home insurance claims practices. A context that calls for action Extreme weather events are increasing becoming more frequent and severe due to climate change. The year 2024 marked a turning point for the property and casualty insurance industry. Across Canada, climate-related losses exceeded $8.5 billion – a historic record.[1] That same year highlighted the critical need to support members in adapting to climate related events. In response, Beneva chose to review its claims practices after water damage accounted for 75% of claims in 2024, totaling $616 million. “These trends show that rebuilding in the same way as before is no longer sufficient. We must go beyond this traditional concept of repairing to build a more resilient future. Beneva is committed to supporting its members by sharing costs and offering expertise so that every loss becomes an opportunity to better...
