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According to global consultancy Bain & Company, insurance organisations across the globe have a $50 billion financial opportunity from generative AI (GenAI) to harness the technology in ways that could boost their revenues by as much as 20%, a...
Posted: Apr 02, 2024
According to global consultancy Bain & Company, insurance organisations across the globe have a $50 billion financial opportunity from generative AI (GenAI) to harness the technology in ways that could boost their revenues by as much as 20%, a...
Posted: Apr 02, 2024
Aspen has revealed that net income available to ordinary shareholders increased significantly in 2023, climbing to $485 million, while its combined ratio improved 5.5 points to 87.5%. Meanwhile, Aspen’s underwriting result for the full year...
Posted: Apr 02, 2024
ST. PAUL, Minn. (AP) — Families of five men killed by police have reached a settlement with the Minnesota Bureau of Criminal Apprehension in their lawsuit seeking the investigative files on the fatal shootings. The $165,000 settlement was reached las...
Posted: Apr 02, 2024
Reinsurers continued to take on more property catastrophe risk at the April 1st, 2024, reinsurance renewals, which led to an increase in available capacity to meet growing demand in an overall more stable environment, according to Gallagher Re. Re...
Posted: Apr 02, 2024
Posted: Apr 02, 2024
NEW ORLEANS (AP) — Advocates for adult victims of childhood sexual abuse say they will ask Louisiana’s Supreme Court to reconsider a ruling that wiped out 2021 legislation giving them a renewed opportunity to file civil damage lawsuits over the...
Posted: Apr 02, 2024
Verisk, a global data analytics and technology provider, has appointed Greg Hendrick as an independent director of its Board of Directors, effective immediately. Lee Shavel, President and Chief Executive Officer, Verisk commented on the appointmen...
Posted: Apr 02, 2024
Forget Driverless Cars... Here Come the Trucks! PaulCarroll Tue, 04/02/2024 - 03:21 While...
Posted: Apr 02, 2024
DAVENPORT, Okla. (AP) — Authorities and work crews on Sunday continued to clean up after a train derailment in central Oklahoma overturned 22 rail cars carrying gravel but didn’t result in any injuries. The derailment occurred Saturday afternoo...
Posted: Apr 02, 2024
The Pacific Catastrophe Risk Insurance Company (PCRIC) and the United Nations World Food Programme (WFP) have partnered aiming to reinforce disaster risk financing in the Pacific region. A Memorandum of Understanding (MoU) has been signed by PCRIC...
Posted: Apr 02, 2024
Core Specialty has been highlighted as being Duck Creek Technologies’ first customer transacting its Duck Creek OnDemand subscription on Microsoft’s commercial marketplace to use its existing Microsoft Azure Consumption Commitment (MACC). In...
Posted: Apr 02, 2024
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas. “As you go through different owners of risk …...
Posted: Apr 02, 2024
An American aviation executive has had British judgments worth more than $4 million against him thrown out after a judge ruled that his legal opponent had covered up its use of hackers to steal the businessman’s emails in order to …
Posted: Apr 02, 2024
KGM, DUAL UK’s specialist motor MGA, has appointed Ciaran Astin as its Managing Director, subject to regulatory approval. The MGA noted that this appointment is in line with its strategy to attract industry-leading talent to realise its growth amb...
Posted: Apr 02, 2024
The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The company, Grace Ocean, …
Posted: Apr 02, 2024
Google said it would delete millions of records of users’ browsing activities as part of a settlement of a class-action lawsuit that alleged it tracked people without their knowledge. The case, filed in 2020, alleged the Alphabet Inc. unit surr...
Posted: Apr 02, 2024
Insurtech Faura has successfully raised $500k to help insurance companies and homeowners reduce their natural disaster risk. Cities throughout the US have been impacted by natural catastrophes, like wildfires in Maui and flooding across the Northe...
Posted: Apr 02, 2024
Insurtech Faura has successfully raised $500k to help insurance companies and homeowners reduce their natural disaster risk. Cities throughout the US have been impacted by natural catastrophes, like wildfires in Maui and flooding across the Northe...
Posted: Apr 02, 2024
Shell on Tuesday told a Dutch court a 2021 order that it should drastically cut greenhouse gas emissions lacks a legal basis and risks obstructing the fight against climate change. In a landmark ruling that shocked the energy sector, a …
Posted: Apr 02, 2024
A Dutch court will on Tuesday hear Shell’s appeal against a landmark climate ruling which ordered it to drastically deepen planned greenhouse gas emission cuts. The district court in The Hague in 2021 ordered the oil and gas giant to …
Posted: Apr 02, 2024
A person in Texas contracted bird flu, most likely after being exposed to infected dairy cows, public health officials said, as an emerging outbreak among the animals spreads in the country. The risk to the general population remains low, the …
Posted: Apr 02, 2024
Alliant Insurance Services, a national distributor, has named Gary Pestana managing director of Alliant Specialty, in the firm’s real estate and hospitality area. He will be based in Charlotte, North Carolina. Pestana has more than 30 yearsR...
Posted: Apr 02, 2024
The global insurance brokerage Arthur J. Gallagher has acquired Fort Myers-based Specialty Risk Management Services and its affiliate agency, Private Client Insurance Services, the broker announced Monday. Specialty Risk provides commercial property...
Posted: Apr 02, 2024
A North Carolina body shop owner has been charged with fraud in connection with the use of used auto parts, instead of new parts that the insurer had paid for. The state Insurance Commissioner’s office said in a bulletin that …
Posted: Apr 02, 2024
The National Insurance Crime Bureau is hailing a new Florida law that aims to deter predatory tow-truck practices and limit the fees that tow companies can charge. House Bill 179 was signed by the governor in March and it will …
Posted: Apr 02, 2024
A company that bought property for a group of tech billionaires trying to build a sustainable city in northern California won a ruling advancing its lawsuit that accused landowners in the project’s target area of a conspiracy to drive up …...
Posted: Apr 02, 2024
A large suburban Philadelphia county has joined dozens of other local governments around the country in suing the oil industry, asserting that major oil producers systematically deceived the public about their role in accelerating global warming. Buc...
Posted: Apr 02, 2024
W. R. Berkley Corporation has announced that its Union Standard Insurance Group is rebranding to Berkley Southwest to better reflect its commitment to serving the needs of clients and partners in the U.S. Southwest. Berkley Southwest, led by presi...
Posted: Apr 02, 2024
Global insurance broker NFP announced it has acquired the assets of SDN Insurance Agency (SDN). SDN handles property/casualty insurance as well as employee benefits, surety and life insurance in the the Buffalo, New York area through offices in Amher...
Posted: Apr 02, 2024
The $40 million liability lawsuit filed by a Virginia teacher who was shot by a 6-year old student will be heard at a trial and not in the state’s workers’ compensation system. The Virginia Court of Appeals on March 29 …
Posted: Apr 02, 2024
Hawaii Gov. Josh Green said some 3,000 people displaced by Lahaina’s wildfires are still living in hotels more than seven months after the August blaze but that up to 30 people are moving to longer-term housing each day. Green told …
Posted: Apr 02, 2024
Legislation in Washington state known as the strippers’ bill of rights, which advocates say includes the most comprehensive statewide protections in the nation, was signed into law. Gov. Jay Inslee signed the measure, which creates safer workin...
Posted: Apr 02, 2024
U.S. Home Insurance Premiums May Hit a Record This Year, Repor...
Posted: Apr 01, 2024
Most auto and homeowners insurers are using AI tools in their marketing efforts to reach new policyholders.
Posted: Apr 01, 2024
The worker who fell hit his head and suffered severe damage to his eye socket.
Posted: Apr 01, 2024
Fortifying the property and understanding the nuances of homeowners insurance coverage mitigates losses for insureds and insurers.
Posted: Apr 01, 2024
A survey from Pie Insurance highlights the less visible risks keeping business owners up at night.
Posted: Apr 01, 2024
Experts with FICO say that with the assistance of AI, insurers can rapidly accelerate modernization efforts.
Posted: Apr 01, 2024
Recent sales statistics indicates the electronic vehicle market is down but not out.
Posted: Apr 01, 2024
The final quarter of 2023 was the seventh consecutive period to see a decline in roadway deaths.
Posted: Apr 01, 2024
Tarmika will enable Coalition-appointed agents to quote and bind its Active Insurance without having to leave the quoting solution.
Posted: Apr 01, 2024
Celentano most recently served as EVP of Pacific Life’s Retirement Solutions Division, increasing profitable annuity sales through the launch of new and innovative annuity products.
Posted: Apr 01, 2024
PSIC and PESIC have a financial strength rating of “A-” (Excellent) from A.M. Best.
Posted: Apr 01, 2024