Insurance industry trades praised a Senate committee for the passage this week of the Fix Our Forests Act, a measure to address high-risk wildfire regions. “The risk of wildfire can no longer be ignored or underestimated. We need action to …

Artificial intelligence (AI) is revolutionizing the insurance business. Insurers recognize and are already taking advantage of the manifold ways in which AI can significantly improve their routine processes, decision-making and risk management. At the same time, some insurers recognize the …

Insurance data and technology firm Verisk has released a pet health insurance program offering U.S. insurers a standardized pet insurance program. Verisk’s new ISO Pet Insurance Line of Business program provides insurers looking to enter or expand in this growing …

Reddit Inc. sued Perplexity AI Inc. and three other companies over alleged data scraping from the discussion site without permission, a sign of the growing demand and value of original data in the burgeoning AI industry. Three data scraping companies …

Analysts trying to reconcile third-quarter premium jumps reported by line of business for W.R. Berkley Corporation with the CEO’s opening remarks during an earnings conference call this week may well have been confused. “That bloom is off the rose,” President …

Authorities were investigating the death of a rail conductor who was hit by a passing train in Montana, the National Transportation Safety Board said. The conductor worked for BNSF Railway, the agency said in a post on the social media …

An Iowa man has been charged with one count of acting as an adjuster without a license—a class D felony—following an investigation by the Iowa Insurance Division’s Fraud Bureau. According to criminal complaints filed by the Iowa Insurance Division’s Fraud …

The mass evacuation by military aircraft of hundreds of residents from Alaska villages ravaged by the remnants of Typhoon Halong is complete, and officials and local leaders are turning attention to trying to stabilize damaged infrastructure and housing where they …

A United Airlines plane appears to have collided with a weather balloon while cruising over Utah at 36,000 feet last week, fracturing layers of its windshield and forcing an emergency landing. A California company called Windborne Systems said it started …

Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee county man has been sentenced to 12 months of probation for insurance fraud. William Owens, age 71, pleaded guilty in Cherokee County District Court to one felony count of insurance fraud. Owens …

Insurer Chubb booked third quarter net income 20.5% higher than a year ago at $2.8 billion—with record P/C underwriting income of $2.26 billion. Underwriting income was 55% more than the same quarter last year, and the combined ratio was also …

Beef is notoriously bad for the environment. Just how bad depends a lot on where in the US you eat it. The carbon footprint of a burger is bigger in Houston than San Francisco, and in Dallas compared with Chicago, …

It’s not unusual in today’s housing market to own a home valued at $1 million or more. It’s also not that rare for the insurance coverage on a high-end home to carry a $100,000 wind deductible. Mission, a group of …

A New York City construction firm will pay $1.5 million to settle charges that it violated state workers’ compensation laws, retaliating against injured workers, and failing to address sexual harassment in the workplace. New York Attorney General Letitia James announced …

A south Florida jury on Monday awarded golfing legend Jack Nicklaus $50 million in a lawsuit in which he charged that his former company and business partners tried to harm his reputation. The Palm Beach Circuit Court jury did not …

World Insurance Associates announced that it acquired the business of Green Bay Insurance Center of Green Bay, Wisconsin. Terms of the transaction were not disclosed. Founded in 1968, Green Bay Insurance Center is a full service agency located in Green …

Rockford Mutual Insurance Company (RMIC) announced the official launch of commercial auto coverage in Michigan, effective immediately. With this latest addition, RMIC now offers a complete suite of commercial insurance products to Michigan independent insurance agents, reinforcing our commitment to …

A Louisiana judge has tossed out a key permit for a liquefied natural gas facility that won approval from President Donald Trump’s administration, ordering a state review of how the facility’s planet-warming emissions would affect Gulf Coast communities vulnerable to …

Two weeks after the Kentucky attorney general filed suit, Florida Attorney General James Uthmeier said his office is issuing criminal subpoenas to Roblox Corp., calling the video gaming platform a “breeding ground for predators” that puts children at risk. In …

State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing risk to …