Microsoft Corp. is offering US politicians and campaign groups a tool aimed at helping fight the rise of deepfakes ahead of the 2024 presidential election. The new tool will allow parties to authenticate their videos and photos with so-called watermark …
James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming Intermediate Holdings. The total estimated transaction value is $277 million, inclusive of a $139 million …
Ivan’s Index for the third quarter found the average premium renewal rate increased for all major commercial lines of business except workers’ compensation. Compared to the same period a year ago, Q3 2023 average renewal rate increases were: Commercial Auto …
Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war resulted in some activities being pulled. European Aquatics last week called off the continental water polo championships, which was scheduled …
The number of insurance claims filed for catalytic converter thefts plummeted this year after rising dramatically in 2021 and 2022. National Insurance Crime Bureau data shows that as of Sept. 30, the number of claimed catalytic converter thefts averaged 2,675 …
Ping An Insurance (Group) Co. said it doesn’t hold any shares in Country Garden Holdings Co. and has no plans to acquire the distressed Chinese developer, refuting a report that sent the insurance giant’s stock tumbling on Wednesday. The insurer …
Western New York’s Evans Bancorp, Inc. has agreed to sell its insurance agency operation, The Evans Agency, to global insurance broker Arthur J. Gallagher & Co. for $40 million. The net gain on sale, on an after-tax basis, is expected …
Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company’s chief executive officer intends to step down, effective Dec. 31, 2023. He will be succeeded as CEO and a member of the …
Heidi Lange was among the first to rebuild after the deadliest wildfire in California history destroyed her home in 2018 along with much of the town of Paradise. After the fire, she got divorced, which left her with only half …
A stuntman in “Black Panther” and “Avengers” movies was remembered by loved ones after he and three of his children were killed in a car crash last week in Georgia. Atlanta TV station WSB, the New York Times and others …
