Analyst Warns Regulatory Battle Over AI Bias to Grow; Lemonade Argues It’s Fair February 14, 2020 By Susanne Sclafane As insurers introduce artificial intelligence into pricing and claims handling activities, regulatory focus on disparate impact will grow into “one...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty February 14, 2020 Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain...
Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms February 14, 2020 Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties February 14, 2020 B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have...
Lawsuit Alleges Pennsylvania School District Knew About Lead, Asbestos Contamination February 14, 2020 Current and former employees of a Pennsylvania school district claimed in a lawsuit filed Monday that officials knew for years...
Vermont Governor Announces Decreases in Workers’ Comp Rates February 14, 2020 Vermont Governor Phil Scott announced that rates for workers’ compensation premiums will drop by about 11% when new rates take...
Man Gets 15 Years for Conspiring to Set Fire to His Business in Maryland February 14, 2020 A man convicted of conspiring to set fire to his Maryland business to collect insurance money has been sentenced to...
Commissioner Navarro Responds to Report of Premium Increases for Military Members February 14, 2020 Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return...
Real Estate Investor and Property Insurance Program Webinar for Agents to be Held Tuesday, February 18 February 14, 2020 By Ashley Berg Atlanta, GA, February 14, 2020 — The Specialty Property team at Blue River Underwriters will host an informative webinar on...
Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist February 14, 2020 By John Lauerman As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far...