Insurance Journal
Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to comply with regulations or to monitor AI results....
Posted: Oct 21, 2024
A former Colorado gold mine where a tour guide was killed and a group of tourists was trapped for hours after an elevator accident has been ordered to remain closed and not conduct tours while its operations are reviewed, state …
Posted: Oct 21, 2024
A former Colorado gold mine where a tour guide was killed and a group of tourists was trapped for hours after an elevator accident has been ordered to remain closed and not conduct tours while its operations are reviewed, state …
Posted: Oct 21, 2024
A 25-year-old Alabama man was arrested on Thursday for hacking the U.S. Securities and Exchange Commission’s X account this year as part of an alleged conspiracy to manipulate bitcoin prices, U.S. prosecutors said. In January, a hacker posted f...
Posted: Oct 21, 2024
Pen Underwriting has relaunched its cyber proposition for large corporate clients with a comprehensive rebuild that sees it re-enter primary cover for this end of the market, double its excess of loss (XOL) limit and introduce a significantly broader...
Posted: Oct 21, 2024
South Africa’s National Treasury is exploring regulations to encourage the use of financial instruments to tackle climate change, including catastrophe bonds and parametric insurance. “We are looking at how best we can get investors into...
Posted: Oct 21, 2024
SAVANNAH, Ga. (AP) — Authorities said at least seven people were killed Saturday when part of a ferry dock collapsed on Georgia’s Sapelo Island, where crowds had gathered for a fall celebration by the island’s tiny Gullah-Geechee communit...
Posted: Oct 21, 2024
Meta Platforms must face a lawsuit by Massachusetts alleging the social media company purposely deployed features on its Instagram platform to addict young users and deceived the public about the dangers it posed to the mental health of teenagers, a...
Posted: Oct 21, 2024
A hearing in a lawsuit against BHP over Brazil’s worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London’s High Court on Monday, with claimants seeking up to 36 billion pounds ($47 billion) in damages. Mor...
Posted: Oct 21, 2024
A hearing in a lawsuit against BHP over Brazil’s worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London’s High Court on Monday, with claimants seeking up to 36 billion pounds ($47 billion) in damages. Mor...
Posted: Oct 21, 2024
Miners Vale SA and BHP Group are a step closer to finalizing a deal with Brazilian authorities to provide a multibillion-dollar settlement for one of the country’s worst mining disasters. Ongoing negotiations that also involve Vale-BHP’s...
Posted: Oct 21, 2024
Miners Vale, BHP and Samarco are discussing a near $30 billion compensation deal with Brazilian authorities related to the 2015 Mariana dam collapse, they said on Friday, with an agreement set to be signed on Oct. 25, sources said. The …
Posted: Oct 21, 2024
Ping An Insurance (Group) Co. of China Ltd. reported on Monday a 36.1% rise in net profit in the first nine months of the year, driven by growing investment returns and new policies sold as the economy recovers. The insurance …
Posted: Oct 21, 2024
This post is part of a series sponsored by Old Republic Surety. “We’ve targeted tight turnaround times from submission to approval using Old Republic Surety’s (ORS) FastBond process — the faster, the better,” says Todd Taylor,...
Posted: Oct 21, 2024
Floods engulfed parts of north-central Italy from overflowing rivers following days of heavy rain, prompting the state-led road operator to close some expressways. Severe flooding was seen in the region of Emilia Romagna on Sunday. One person was rep...
Posted: Oct 21, 2024
Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security technology, a jury in California federal court said on Friday. The jury determined that several Western Digital self...
Posted: Oct 21, 2024
Data storage provider Western Digital must pay $315.7 million in damages for violating a patent owner’s rights in data security technology, a jury in California federal court said on Friday. The jury determined that several Western Digital self...
Posted: Oct 21, 2024
Sustainable investments in emerging markets are facing a reckoning as environmental, social and governance strategies crumble under the weight of ongoing capital outflows and the appeal of higher-yielding energy bonds. ESG investments in developing n...
Posted: Oct 21, 2024
Walmart said Friday it has reached a proposed settlement pact related to three lawsuits filed by shareholders on behalf of the company over the handling of prescription opioids. According to the terms of the settlement that were disclosed in a …...
Posted: Oct 21, 2024
We are disappointed but unsurprised that an insurance industry lobbyist would mischaracterize an emergency order meant to stop insurance abuses as a “rule on public adjusters.” As Insurance Journal itself made clear in an Oct.10 story tha...
Posted: Oct 21, 2024
The issuance of Florida’s Emergency Rule 69BER24-4, in response to hurricanes like Milton, represents a significant shift in regulating public adjusters and their activities. While some plaintiff attorneys and some adjusters initially celebrate...
Posted: Oct 21, 2024
As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette. …
Posted: Oct 21, 2024
The Archdiocese of Los Angeles has agreed to pay $880 million to victims of clergy sexual abuse dating back decades, in what an attorney said was the largest single child sex abuse settlement with a Catholic archdiocese, it was announced …
Posted: Oct 21, 2024
A subway train that derailed near Boston earlier this month had entered a 10-mph zone traveling at 36 mph, according to an initial report from the National Transportation Safety Board released Wednesday. The Green Line train that left Lechmere Statio...
Posted: Oct 21, 2024
Workers’ compensation medical payments per claim in California were 10% below the median state of a 17-state study sample for claims with experience through March 2023, a study from the Workers Compensation Research Institute shows. The WCRI st...
Posted: Oct 21, 2024