Northeast Braces for Strong Storm Forecast to Hit on Friday
The Northeast, possibly including New York City, is expected to get hit with flooding rain and high winds from a powerful storm system that’s set to take shape off the East Coast on Friday. Computer forecasts disagree on the storm’s …
Jamieson Named President of Ryan Specialty’s SSRU as Stewart Steps Down
Ryan Specialty, the Chicago-based insurance group, announced that Heather M. Jamieson has been appointed president of Stewart Specialty Risk Underwriting (SSRU), effective immediately, in a planned leadership transition. Toronto-based SSRU provides specialty coverage for large account, high hazard property and …
AI Insurer MGT Expands Its Small Commercial Coverage to California
MGT, a company that calls itself an “AI-native neo-insurer,” is expanding to California to offer small business coverage. The company says its underwriting model allows it to evaluate risk at a fraction of the traditional cost while giving it a …
Minnesota Man Indicted for Shooting a Firefighting Aircraft
A Minnesota man was indicted by a grand jury for shooting and damaging a firefighting aircraft that was fighting a forest fire. Daniel Christian Pettit, 48, of Portage Township, Minnesota, was indicted by a grand jury for one count of …
Tech Update: Marsh Launches AI-Powered Platform to Cut Placement Times in London
Insurance broker Marsh announced the launch of an AI-powered platform designed to improve Marsh brokers’ operational efficiency and reduce placement times for clients in the London insurance market. Called “Broker WorkBench,” the platform combines streamlined workflows with intelligent data processing …
From Smart Glasses to AI Pins, Privacy Fears Challenge Tech’s Next Big Bet
Companies betting AI devices will usher in a post-smartphone era are fueling privacy fears around the globe that could slow adoption of the emerging technology. The backlash against devices that can see, hear and respond to the world around them …
Maridea Wealth Management Acquires Ohio’s River Cities and DFW Insurance
Maridea Wealth Management has acquired River Cities Financial Services and Dietz, Futrell & Walters Insurance, two affiliated firms based in Marietta, Ohio. The addition marks Maridea’s first presence in Ohio. DFW Insurance was founded in 1948 as an independent insurance …
Lawsuit Blames Texas Abortion Ban for Woman’s Death
The family of a 37-year-old pregnant San Antonio woman who died of preeclampsia is claiming in a new lawsuit that the Texas’ abortion ban led to her death. The family of Tierra Walker, who died when she was 20 weeks …
Texas Orders Halt to New Data Center Permits Pending Audit
Texas Governor Greg Abbott ordered the state’s environmental watchdog to withhold permits for new data centers until an audit of risks to the power grid is complete. No authorizations can be given until the Electric Reliability Council of Texas, or …
Markets/Coverages: MNK International North America Launches
MNK International, an independent Lloyd’s broker, said it launched MNK International North America, a new broking business that will provide North American producers and clients with access to specialist insurance solutions through the London and Bermuda markets. MNK International North …
DoorDash Reaches $131.5 Million Settlement With NYC Over Delivery Workers’ Pay
DoorDash said on Tuesday it reached a $131.5 million settlement of a New York City government probe that found the food delivery company underpaid or waited too long to pay workers. The settlement with the city’s Department of Consumer and …
British Columbia Sues OpenAI Alleging Failure to Warn Before Mass Shooting
British Columbia filed a lawsuit in California against OpenAI, alleging it could have used ChatGPT logs to warn police and avert a mass shooting in the Canadian province earlier this year. On Feb. 10, teenager Jesse Van Rootselaar allegedly killed …
Australian State Bans Data Centers From Residential Areas
One of Australia’s largest states has banned the construction of data centers in residential areas and mandated that they must “bring their own renewable energy supply,” part of a slew of rules designed to tackle growing community pushback. The state …
Polo Strengthens Into Hurricane, Threatening Mexico’s Pacific Resort Towns
Polo strengthened off Mexico’s Pacific coast into a hurricane on Monday and is forecast to rapidly intensify into a major storm, threatening floods, dangerous surf and strong wind gusts in coastal states and near major beach resorts. Around mid-day locally …
People Moves: Chubb Names Ringsted Chief Scientist; Technical Risk Underwriters Makes Leadership Promotions
Chubb Limited named Sean Ringsted as chief scientist and executive vice president, Chubb Group. In this newly created role, Ringsted will focus on and have responsibility for the company’s artificial intelligence, data and analytics strategy and initiatives worldwide. Ringsted brings …
Paramount Wins Warner Bros Takeover After Settling States, Union Lawsuits
Paramount Skydance emerged victorious on Sept. 21 from a legal battle over its $110 billion acquisition of Warner Bros Discovery after settling with a California-led group of US states and a Hollywood writers union, paving the way for one of …
EU to Require Data Centers to Disclose Energy and Water Efficiency
The European Commission proposed rules on Monday requiring data centers in Europe to disclose how efficiently they use energy and water, as concerns grow over their consumption of resources. The EU wants to triple its data center capacity over the …
OpenAI, Microsoft Execs’ Quotes Threaten AI Copyright Defense, News Outlets Argue
OpenAI and Microsoft executives privately described their AI products as substitutes for journalism, according to court filings made public that the New York Times and other news outlets say gut the tech companies’ fair-use defense in a closely watched copyright …
Aircraft Communications with FAA ‘Incredibly Insecure,’ Senator Says
A government watchdog report on Monday shows communications between US air traffic controllers and commercial airplanes are “incredibly insecure” and the Federal Aviation Administration must take steps to address threats, Senator Ron Wyden said. The Government Accountability Office said the …
A-Cap Insurers File Suit Against SCDOI Director; AM Best Downgrades Group
The head of Atlantic Coast Life Insurance and its captive reinsurer have pushed back hard and fast against the South Carolina insurance director’s move to push the companies into rehabilitation, charging that the regulatory action is reckless and was done …
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Comunicados de prensa más recientes
14 de septiembre de 2023. Gran Caimán, Islas Caimán. El CCRIF SPC se enorgullece en dar la bienvenida a Honduras como su cuarto miembro de Centroamérica. El Gobierno ha adquirido cobertura de seguro paramétrico para exceso de lluvia, efectiva a partir del 1 de junio de 2023. El director ejecutivo del CCRIF, el Sr.
Gran Caimán, Islas Caimán, 3 de julio de 2023. La Unión Europea (UE) sigue brindando apoyo al CCRIF SPC como medio para subsidiar las primas de las pólizas de seguro paramétrico de sus miembros del Caribe. Este año de póliza, que comenzó el 1o de junio 2023, la UE proporcionó US$4,7 millones al CCRIF para apoyar a los 12 miembros caribeños del CCRIF que son elegibles para ODA1 para subsidiar las primas para ciclones tropicales y exceso de lluvia.
Gran Caimán, Islas Caimán, 29 de marzo de 2023. El jueves, 16 de marzo de 2023, el CCRIF SPC y el Centro de Coordinación para la Prevención de los Desastres en América Central y República Dominicana (CEPREDENAC) firmaron un memorando de entendimiento (MdE) al margen del Taller Técnico Regional para Centroamérica sobre el Financiamiento del Riesgo de Desastres y el Seguro Paramétrico del CCRIF llevado a cabo en Ciudad de Panamá, Panamá los días 15 y 16 de marzo de 2023.
Gran Caimán, Islas Caimán, 27 de octubre de 2022. El CCRIF SPC ha realizado cuatro pagos por un total de US$15,2 millones a tres de sus gobiernos miembros durante octubre para eventos hidrometeorológicos asociados con la temporada de huracanes de 2022.
Pagos han sido recibidos por los Gobiernos de:
