Insurance Journal
ChatGPT, a fast-growing artificial intelligence program, has drawn praise for its ability to write answers quickly to a wide range of queries, and attracted U.S. lawmakers’ attention with questions about its impact on national security and educ...
Posted: Feb 13, 2023
Norway’s $1.35 trillion wealth fund will step up its engagement with companies over their management of climate risk by voting against board members it deems are not doing enough on the issue, it said on Thursday. Investing the state’s re...
Posted: Feb 13, 2023
A European Medicines Agency (EMA) committee said on Friday it has started a review of decongestant medicines for cold and flu that contain the ingredient pseudoephedrine following safety concerns. The EMA said the review was due to reports of conditi...
Posted: Feb 13, 2023
Kotak Mahindra Bank Ltd., backed by billionaire Uday Kotak, is considering selling a minority stake in its general insurance unit, according to people familiar with the matter. The lender is working with an adviser on the potential sale of a …
Posted: Feb 13, 2023
“It was the best of times, it was the worst of times” would be an apt description of the last few years for auto insurers. Immediately after a nationwide, months-long driving hiatus caused collisions to plummet and profits to surge, ̷...
Posted: Feb 13, 2023
Tens of thousands of homes in northern New Zealand are without electricity as a powerful cyclone begins lashing the South Pacific nation, bringing high winds and intense rainfall. Cyclone Gabrielle is tracking north-east of New Zealand and the center...
Posted: Feb 13, 2023
Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right, poaching executives from tech giants and trying to figure out how to process and monetize the oodles of data …
Posted: Feb 13, 2023
Florida’s governor has named the insurance department’s former chief of staff as new insurance commissioner, filling a position that has been vacant since the former commissioner resigned in late December. Michael Yaworsky, now vice chair...
Posted: Feb 13, 2023
Georgia authorities have arrested two men, a month after a homemade bomb destroyed part of a home near Savannah. Caleb Kinsey, 33, and Stephen Glosser, 36, were apprehended last week after an investigation into the bombing at the Richmond Hill …...
Posted: Feb 13, 2023
Federal investigators said Friday they have issued subpoenas to force the pilots of an American Airlines jet to sit for recorded interviews about a close call on a runway at New York’s Kennedy Airport last month. The National Transportation Saf...
Posted: Feb 13, 2023
The Ukraine-based relatives of a slain cinematographer are seeking damages in her death from actor Alec Baldwin in connection with a fatal shooting on the set of a Western movie, under a civil lawsuit filed Thursday in Los Angeles. The …
Posted: Feb 10, 2023
Residents of Auckland, New Zealand’s largest city, are being asked to prepare for further bad weather as a system described as potentially “the most serious storm to impact New Zealand this century” is forecast to hit in coming days...
Posted: Feb 10, 2023
A U.S. judge in Texas late on Thursday denied a legal bid by families of the victims of two Boeing 737 MAX crashes to reopen or reject a January 2021 deferred prosecution agreement. Boeing won immunity from criminal prosecution as …
Posted: Feb 10, 2023
Commodity trader Trafigura Group is facing more than half a billion dollars in losses after discovering metal cargoes it bought didn’t contain the nickel they were supposed to. nickel fraud Trafigura has spent the past two months uncovering wha...
Posted: Feb 10, 2023
Liberty Mutual Names Korte to New Underwriting Leadership Position Liberty Mutual Insurance has appointed Dieter Korte as Global Risk Solutions North America chief underwriting officer, middle market. Korte has more than 30 years of underwriting and...
Posted: Feb 10, 2023
Thailand has launched a probe into the death of a media worker who died at his desk from a heart attack, after allegedly working overtime for extended periods. Labor minister Suchart Chomklin ordered an investigation this week into the death …
Posted: Feb 10, 2023
A panel of European Union lawmakers on Thursday backed an amendment to extend the reach of groundbreaking draft legislation to force companies to check whether their suppliers use slave or child labor, or pollute the environment. The EU’s execu...
Posted: Feb 10, 2023
Evacuated residents can safely return to the Ohio village where crews burned toxic chemicals after a train derailed five days ago near the Pennsylvania state line, East Palestine Fire Chief Keith Drabick said. Authorities in East Palestine had warned...
Posted: Feb 10, 2023
The Reno City Council approved a $250,000 settlement Wednesday with a former American Civil Liberties Union official who was shot by police with rubber bullets while serving as a legal observer at a 2020 civil rights protest in the wake …
Posted: Feb 10, 2023
Hilb Group Buys Nowell Agency in Mississippi The Hilb Group has expanded into Mississippi with the acquisition of The Nowell Agency, the property insurance brokerage and benefits firm announced. The Nowell Agency has offices in Brandon, Greenwood, Tu...
Posted: Feb 10, 2023
A federal appeals court sided again with North Carolina’s attorney general on Wednesday, saying a 1931 libel law is most likely unconstitutional. Josh Stein has sought to block a fellow Democrat from using the law to prosecute him over a …...
Posted: Feb 10, 2023
Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users’ private information with third parties without permission. The fine is “loose change” for Facebook an...
Posted: Feb 10, 2023
A bill increasing punishments for violent protests following the 2020 demonstrations over George Floyd’s murder passed the North Carolina House on Wednesday despite harsh criticism from social justice advocates. Some bipartisan support signals...
Posted: Feb 10, 2023
A public adjuster cannot act as an appraiser for a homeowner they represent when the insurance policy specifies that the appraiser must be “disinterested,” the Florida Supreme Court ruled Thursday. The high court affirmed a 2nd District C...
Posted: Feb 10, 2023
Albert A. Benchimol, president and CEO, of AXIS Capital has issued a letter of remembrance to colleagues about Michael A. Butt, the company’s former chairman and industry leader, who died on Feb. 8. Benchimol describes Butt as a “towering...
Posted: Feb 10, 2023