The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings more than doubling from the previous year, according to a new report released today by Cornerstone Research and the Stanford …

Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive will have the biggest impacts on their markets in the next year, according to a new risk forecast. The firm’s …

Aspire named Isaac Adams vice president of product. Adams most recently served as Aspire’s chief marketing officer. He previously served as vice president of data science at The Hartford. He also ran his own agency, Isaac Adams Agency, a Farmers …

A New Jersey man has been sentenced to 57 months in prison for his role in a conspiracy to receive, retitle, and “re-VIN” stolen vehicles. According to Acting U.S. Attorney Vikas Khanna, Nathaniel Bell of Linden pleaded guilty in federal …

An insurance company says it is not obligated to defend or indemnify the owners and managers of a Memphis apartment complex who are facing a $30 million wrongful death lawsuit stemming from the fatal shooting of a 14-year old boy …

Weeks after wildfires that killed at least 29 people and destroyed entire neighborhoods, Southern California is facing another extreme-weather threat: Too much rain. After drenching the northern part of the state, a massive Pacific storm will start to move south …

A Connecticut man has been arrested and charged with insurance fraud for allegedly running a scam involving filing fraudulent insurance claims for iPhones. Connecticut State Police said its investigation linked Esmaylin Delacruz of Milford to at least $50,000 in value …

North Carolina officials charged with leading recovery efforts in western North Carolina after Hurricane Helene — as well as parts of eastern North Carolina still struggling from previous hurricanes — told state lawmakers last week that they need more money. …

State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases, including 22% average for homeowners. The carrier, the state’s top homeowners insurer, is partly blaming the devastating Los Angeles wildfires …

A pressurized oxygen chamber exploded Friday, killing a 5-year-old patient and injuring his mother at a suburban Detroit medical facility. The hyperbaric chamber explosion occurred about 8 a.m. at the Oxford Center in Troy, north of Detroit. The child, from …

TXSE Group Inc., parent company of the proposed Texas Stock Exchange, closed its initial fundraising round at $161 million and said the TXSE has filed for registration as a bourse with the US Securities and Exchange Commission. If the registration …

Louisiana parish officials who threatened to arrest and imprison an environmental activist as she attempted to speak during a public meeting did not violate her right to freedom of speech, a unanimous civil jury ruled Wednesday. Joy Banner had sought …

A group of victims of the New Orleans New Year’s Day terror attack have filed suit against city officials and contractors, saying they failed to protect revelers from a “preventable” truck ramming incident that killed 14 people and injured dozens. …

The city of Minneapolis has agreed to pay $600,000 to settle a lawsuit by a woman who alleged that ex-Officer Derek Chauvin hauled her from her minivan and pinned her to the ground with his knee in January 2020, just …

Arthur J. Gallagher & Co. announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd. Terms of the transaction were not disclosed. W K Webster specializes in marine and transit claims …

Miller, the London-based specialist re/insurance broker, announced it has agreed to acquire AHJ Holdings Ltd., the ultimate parent company of Alwen Hough Johnson Ltd. and AHJ Europe AS. The acquisition is expected to close in Q2 2025, subject to normal …

A proposed class action accusing Microsoft’s LinkedIn of violating the privacy of millions of Premium customers by disclosing their private messages to train generative artificial intelligence models has been dismissed. The plaintiff Alessandro De La Torre on Thursday filed a …

Net income at The Hartford increased 11% to $848 million in the fourth quarter 2024, driven by premium growth in commercial and personal lines. Net income attributable to shareholders went up 24% for the year to $3.1 billion. Property/casualty net …

Brand new Florida home insurer Mangrove Property Insurance Co. has received a Financial Stability Rating (FSR) of “A, Exceptional” from Demotech, Inc., a financial analysis firm that specializes in rating regional and specialty insurers. As previously reported by Insurance Journal, …