TDI Unveils Transparency Tool Showing Why Auto Policies are Declined
The Texas Department of Insurance (TDI) has introduced a tool that gives drivers insight into why personal auto insurance policies in their area were declined, canceled, or not renewed. The page also shows the number of cars with insurance policies …
NTSB Investigating Plane Crash in Wisconsin That Killed 6
Six people, including one child, died Tuesday night in a plane crash in Wisconsin after the pilot reported that ice was building up on the wings as he flew through a thunderstorm, according to authorities. The six-seat, single-engine plane was …
Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
Ohio Attorney General Andy Wilson this week filed separate lawsuits against two home-improvement companies that allegedly took down payments from consumers but failed to provide the services promised or performed subpar work. One lawsuit seeks to help nine consumers who …
Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
Taiwan plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. and other AI hardware makers in the country. The initiative is starting with …
Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
As French Supermarkets Try to Restock, They Are Told Cyberattack May Be Ongoing
France’s cybersecurity authority has warned that a cyberattack targeting supermarkets may still be ongoing as stores restocked Wednesday after the attack sent refrigerator temperatures soaring, raising concerns about the security of vital food supply chains. The agency said Tuesday night …
Travelers Reports Solid Underwriting, Record Investment Income for Q3
Travelers Insurance reported continued solid underwriting and historic investment income for the third quarter along with higher catastrophe losses. “It was another in a run of successful quarters, with very strong underwriting performance across all three segments and a record …
West Virginia Fire Commission Says State Really Needs More Firefighters
Staffing at fire departments is the top issue cited in the newly released Fire Prevention and Control plan by the West Virginia Fire Commission. The plan states that staffing issues plague both paid and volunteer fire departments, leading to dangerous …
Florida Wins Key Ruling Allowing it to Enforce Law on Social Media Use by Kids
The state of Florida won a key court decision this week that allows it to enforce a ban on social media accounts for kids under 14 and other restrictions. The law was one of the most restrictive in the U.S. …
Roller Coaster Death Puts Spotlight on Safety of Ever-More Thrilling Rides
The horrific death of a man who was ejected from a Six Flags roller coaster in Georgia is drawing attention to the safety of amusement park rides that have become increasingly faster and steeper in their quest for the biggest …
Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl
Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian finance. Axa’s management recently discussed the topic …
IMF Chief: AI Risks May Exceed Opportunities Without Safeguards, Ethics Framework
The risks of artificial intelligence may exceed its opportunities if no adequate safeguards and ethical framework are put in place, International Monetary Fund (IMF) chief Kristalina Georgieva said on Friday, backing a blend of industry self-regulation and input from key …
AI Credit Worries Send Default Insurance to Record High
The cost of insuring against tech defaults struck record highs on Thursday, as investors rushed to hedge against the risk of credit stress building in the AI trade, with heavily indebted data center operators like CoreWeave hit hardest. Hotter-than-expected US …
People Moves: OneShield Appoints Brown as Chief Insurance Officer
Insurance technology company OneShield, headquartered in Marlborough, Massachusetts, appointed Terry Brown as chief insurance officer. In this newly created role, Brown will shape the company’s AI-native capabilities and bring them to market. Brown brings decades of insurance experience across the …
Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating significant financial and operational challenges,” …
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
Right now, many enterprises are approaching AI adoption like a vendor selection exercise. Which model should we partner with? Which platform is smartest? Which large language model (LLM) has the features and are at a price point we’re looking for? …
CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. Shareholders of the Chicago-based company will receive $7.75 …
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
Three members of a New Jersey family have been charged for their alleged roles in a homeowners’ insurance fraud scheme involving an Assurance Insurance Co. claims examiner that generated more than $100,000 in fraudulent payments. Attorney General Jennifer Davenport reported …
Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl
A cocktail of risks is threatening to stall the US IPO pipeline, leaving Anthropic PBC’s potential blockbuster debut as one of the few offerings that investors can count on. Several deals have already come unglued, with smart-ring maker Oura Inc. …
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