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Cyber Firm Group-IB Finalizes Exit From Russia to Spur Global Expansion Ambitions

Cybersecurity company Group-IB has finalized its exit from Russia, the group said on Thursday, cutting ties with its original market in an effort to spur its global expansion ambitions. Punitive Western sanctions against Moscow since it sent tens of thousands …

BMS to Acquire Australian Broker Western United Financial Services

BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire West Australian specialist broker Western United Financial Services (WUFS). The terms of the transaction have not been disclosed. WUFS was founded in 2002 and offers …

British Officials Sound Alarm on Spyware, Mercenary Hacking Market

British officials are sounding the alarm over the widespread abuse of surveillance software and hackers-for-hire, saying that thousands of people were being targeted each year by an industry they described as posing an increasingly unpredictable threat. Britain’s National Cybersecurity Centre …

Google’s Rush to Win in AI Led to Ethical Lapses, Employees Say

Shortly before Google introduced Bard, its AI chatbot, to the public in March, it asked employees to test the tool. One worker’s conclusion: Bard was “a pathological liar,” according to screenshots of the internal discussion. Another called it “cringe-worthy.” One …

Veterans Suing 3M Over Earplugs Seek to Stop ‘False Alarm’ Bankruptcy

U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M’s bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over military-issue earplugs that former users allege were …

Sedgwick Acquires Appraisal Service in Mississippi

Sedgwick, the global benefits, risk management and claims management firm, has acquired Appraisal Service of Mississippi Inc., an auto and property valuation firm. The move further expands Sedgwick’s presence in auto and property claims, the company said in a news …

Oakbridge Adds Another: Wilson Insurance in Georgia

Oakbridge Insurance Agency has continued its growth plans with the acquisition of of Wilson Insurance in Waycross, Georgia. The move is the latest expansion for Atlanta-based Oakbridge, which said it is now one of the largest independent agencies in the …

Takeaways from Our Conversation on Insuring Cannabis Opportunities

Cannabis tax revenue in Colorado fell nearly $100 million in 2022, while California, Oregon, Nevada, and Washington all saw sales decline as the industry began its first downturn. Conversely, sales were up big time in Michigan, Illinois and Massachusetts. It …

Hub Acquires Brady Risk Management of New York

Global insurance broker Hub International Limited reported that it has acquired the assets of Brady Risk Management, Inc. of Huntington, New York. Brady Risk is a risk management, risk transfer and insurance firm that serves key industry segments, including restaurant …

Manhattan Parking Garage Collapse Kills 1, Injures 5

A parking garage collapsed Tuesday in lower Manhattan’s Financial District, killing one worker, injuring five and crushing cars as concrete floors fell on top of each other like a stack of pancakes, officials said. Vehicles tumbled into what looked like …

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