Daily news and analysis on insurance industry trends, regulations, and market insights
Open-source artificial intelligence is making it easier for hackers to hide malicious code on blockchains, opening a new front in a crypto industry already grappling with rising cybercrime. Instances
The U.S. Department of Labor has cited a Chicago area residential construction and carpentry employer after two separate investigations into its continued failure to provide fall protection for worker
CFC has expanded its insurance offerings to financial institutions by incorporating both its full cyber proactive response policy and affirmative cover for cyber threats involving artificial intellige
A liquefied natural gas tanker bringing fuel from the US to Europe suffered a systems failure that the crew reported as a suspected cyber attack, according to people familiar with the matter. In the l
Only an estimated 20% to 25% of properties in Croatia are insured despite rising rebuilding costs and worsening climate-related risks, according to Croatia osiguranje dd, Xprimm reports, citing Osigur
U.K.-based Beazley plc has added artificial intelligence coverage to its cyber and technology errors and omissions policies, explicitly covering AI-related claims, Reinsurance News reported. The cover
Asset owners are increasingly concerned about the impact of artificial intelligence on the environment and society, according to a report by Morningstar Inc. In a survey of more than 500 pension funds
The Hungarian insurance sector’s cumulative premium income grew 3% year on year to 1.1 trillion Hungarian forint ($3.4 billion), partly driven by a 7% increase in nonlife premium income, according to
Earlier this month, federal legislation was introduced to make motor vehicle collision fraud a federal crime, according to a joint press release by Congresswoman Laura Gillen (D-NY-04) alongside U.S R
Gallagher has appointed Manuel Gómez González to its private equity and M&A (PEMA) practice. He will become director of warranty and indemnity (W&I), transaction solutions, for Iberia as the b
Credit Acceptance Corp. agreed to a $710 million settlement with 40 U.S. states and Washington, D.C. to resolve charges it drove thousands of borrowers with low incomes and low credit scores into pred
Heat will continue to sear the Great Plains and central Mississippi Valley this weekend, as well as pushing into Texas, Oklahoma and even the eastern U.S., prompting the nation’s largest grid op
Brokers report insurers are leaning on facultative reinsurance to fund expansion and manage capital
Benefits brokers must consider sharply higher medical costs and relatively stable employee populations
According to a new report, silent wording could leave claims disputed across cyber, E&O and third-party risks
Multilevel marketing company Amway Corp. and two of its affiliates will pay the U.S. Federal Trade Commission and Washington state $225 million to resolve allegations it recruited new members by decep
After 12 years of Dive In, Aon and WTW inclusion leaders say AI is creating fresh questions around recruitment, bias and talent development
Saudi Arabia and Yemen’s Iran-backed Houthis exchanged fresh strikes across their border on Thursday and Yemenis took to boats in the Red Sea to escape fighting, as the spreading Middle East war
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Triangle
Duncan Ellis, former U.S. real estate and hospitality practice leader at Marsh Risk, is joining Starr Insurance as an executive vice president effective Oct. 2, according to market sources.
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