A new survey of corporate insurance buyers reveals widespread interest in buying insurance to cover Gen AI risks—and a willingness to pay up 10-20 percent more in organization-wide insurance premiums for the coverage. But the most willing buyers are those …

Microsoft Corp.’s data-center crunch will continue for longer than the company has previously outlined, underscoring the software giant’s struggles to keep up with cloud demand. Many of Microsoft’s US data center regions are experiencing shortages of physical space or servers, …

The white sandy beaches along a swath of Florida’s Gulf Coast were battered by three hurricanes last year, leading to a multimillion-dollar effort to repair a coastline that is the region’s economic engine. Crews are working with dredges, trucks and …

A 2-year-old boy in south Georgia was attacked by two Rottweiler dogs and died at an unlicensed daycare center while the owner napped, according to police. Stacy Wheeler Cobb, the 48-year-old owner who held the daycare at her home in …

The MJ Companies named Melinda Eckard vice president of employee benefits operations and client experience. Eckard will lead the strategic direction of employee benefit operations, enhance client experience and increase growth. Eckard will reside in the Phoenix, Arizona, market, and …

Texas Attorney General Ken Paxton announced he has opened an investigation against TP-Link Systems Inc. (“TP Link”), a manufacturer of networking equipment, for potentially aiding the Chinese government in accessing consumers’ data. The investigation will examine whether TP Link has …

Workers’ compensation specialist The MEMIC Group announced a $19 million dividend for more than 17,000 Maine policyholders. This annual dividend is based on the insurer’s financial performance, claims experience, and its insureds’ safer workplaces during the 2022 calendar year. The …

A soccer match between Argentina and Puerto Rico is being relocated to Florida from Chicago, according to people familiar with the decision, a day after the Texas National Guard arrived in the third-largest US city. The friendly match, originally scheduled …

Danny Lakey and his wife have spent countless evenings sitting on rocking chairs on their front porch, watching the sun slowly dip behind the cows grazing on their neighbor’s ranch. It was the calm country life they dreamed of in …

World Insurance Associates Names Cicchelli Head of Employee Benefits Practice World Insurance Associates LLC named John Cicchelli head of its employee benefits practice. Cicchelli, who will work out of the Iselin, New Jersey headquarters, will spearhead strategic initiatives to accelerate …

The property/casualty insurance industry faces an urgent challenge to rebuild public trust amid growing public skepticism fueled by false narratives, according to remarks by Dino Robusto, chair of the American Property Casualty Insurance Association board of directors. “We must better …

A Virginia appellate court has ordered a new trial in a malpractice case in which a jury awarded a $2.5 million in damages against a doctor for alleged failure to properly administer anesthesia to a woman undergoing an emergency caesarian …

Fortegra Group Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced it has secured a box in the underwriting room at Lloyd’s. Effective immediately, Fortegra will operate from Box 388 on the third gallery in the Lloyd’s underwriting …

Kentucky’s attorney general claimed Tuesday that the online gaming platform Roblox has become a “playground for predators” as he announced a lawsuit accusing the company of lax child safety measures. The Kentucky suit, filed by his office Monday in a …

San Francisco-based insurance AI start up FurtherAI announced a $25 million Series A funding round led by Andreessen Horowitz to improve insurance workflows through AI. Claiming that those who run the $7 trillion insurance industry are “doing trillion-dollar work with …

Cyber risk modeler CyberCube has gained a new investor to support its long-term growth. The software-as-a-service cyber risk analytics provider said Spectrum Equity is investing more than $180 million, subject to regulatory approvals. It equity firm with join ForgePoint Capital, …

This edition of International People Moves details appointments at Liberty Specialty Markets and Westfield Specialty International. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson as Active U/W for Syndicate 4472 Liberty Specialty Markets (LSM), part …

Earth’s nastiest and costliest wildfires are blazing four times more often now than they did in the 1980s because of human-caused climate change and people moving closer to wildlands, a new study found. A study in the journal Science looks …

Stretched valuations for artificial intelligence companies and challenges to the Federal Reserve’s independence have fueled the risks of a “sharp market correction,” the Bank of England said on Wednesday. In its quarterly financial stability update, the UK central bank said …

Tokio Marine Holdings Inc., Japan’s top property and casualty insurer, could spend more than $10 billion on acquisitions to boost its international business, according to Brad Irick, who co-heads the unit. The firm, which generates about 80% of its overseas …