OpenAI admits its AI models have learned to cheat, hide their own mistakes
The disclosure adds fresh urgency to a question insurers have been circling for months: who pays when an AI system misbehaves?
Insurance News
Spanish companies need more lead capacity for Mercosur push
The new trade agreement between the European Union and the South American economic and political trade bloc Mercosur will create opportunities for Spanish companies to grow in Latin America, but they
PRA stress test too demanding, insurers tell Bank of England
That was just too stressful say carriers
Torrential Rain Brings Deadly Floods Back to East Coast of Spain
Torrential rain lashed the east coast of Spain, flooding roads and leaving at least one person dead. The heavy rainfall started Wednesday in Valencia and Catalonia, reviving fears of a repeat of the d
Commercial BTE growth puts ARAG’s DAS integration to the test
Income is rising across the combined business, but integration costs are still weighing on the legal expenses operation
OpenAI admits its AI models have learned to cheat, hide their own mistakes
The disclosure adds fresh urgency to a question insurers have been circling for months: who pays when an AI system misbehaves?
ExxonMobil Wins Approval for Texas Carbon Capture in 2-to-1 Vote
ExxonMobil Holdings Corp. won approval for its Rose carbon-capture project in Texas, allowing the company to move ahead with the emission-reducing development that could be among the biggest of its ki
EPIC buys Michigan brokerage
EPIC Insurance Brokers & Consultants said Thursday it has acquired Korotkin Insurance Group, a brokerage based in Southfield, Michigan.
California comp medical payments rise after pandemic slowdown
Average medical payments on California workers compensation claims rose sharply in the early stages of development after the pandemic, according to a study released Thursday by the California Workers’
Reinsurance rates to decline further in 2027: Moody’s
Reinsurance buyers expect property reinsurance rates to fall 7.5% to 15% in 2027, according to Moody’s Ratings, Artemis reported. Some anticipate declines exceeding 15%, particularly if conditions rem
Sompo hands over UK insurance reins as Nicolas Berg arrives from SCOR
New boss has substantial P&C experience
TV producer loses coverage fight over reality show exclusion
Fifth Circuit says reality-show exclusion clearly barred coverage
Captive manager Luzern Risk raises $45 million in funding
Captive manager Luzern Risk said Thursday it has raised $45 million in funding.
Disappointed Reese’s pumpkin fans face legal hurdle
For two Florida candy buyers, the fright came when they opened their Reese’s pumpkins and found the faces missing. But their disappointment wasn’t enough to keep a lawsuit against Hershey alive.
Arch Insurance names Gaurav Sharma as information chief
He's the second CIO Arch has named in under two years
What brokers weigh when surety replaces a bank guarantee
Bank guarantees can tie up 15% of a contractor's turnover and the surety capacity replacing them is placed through specialist brokers
Hancock to retire from AIG post
Jon Hancock will retire as executive vice-president and CEO of general insurance at AIG at the end of the year. He will then transition to a senior adviser role at the insurer following more than six
Allianz's Waymo deal lands just as London's own robotaxi race heats up
Carrier inks agreement with self-driving fleet
Widow's inherited pension defeats dependency claim after fatal crash, Court of Session rules
UK Insurance Ltd wins in damages case
Category 5 hurricane could cause more than $300bn of insured losses in Florida: Swiss Re
A Category 5 hurricane making landfall in Miami or Tampa Bay could generate insured losses above $300bn and would be the largest single-event insured loss ever, according to research from the Swiss Re
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