Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best September 20, 2024 By Ezra Amacher The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in...
People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership September 20, 2024 AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York City, named...
J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion September 20, 2024 By Jef Feeley Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI September 20, 2024 With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five...
Live Nation Seeks to End States’ Claim of Damages for Concertgoers September 20, 2024 By Jody Godoy Live Nation Entertainment has asked a federal judge in New York to dismiss several states’ claims that the live event...
Ex-Google Executive’s Startup to Use AI to Forecast the Weather September 19, 2024 By Lauren Rosenthal A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths...
Report: Over 250,000 US Properties Have Repeated NFIP Claims September 19, 2024 By Ezra Amacher More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program...
A Second Zantac Cancer Trial Ends With Hung Jury September 19, 2024 By Brendan Pierson The latest trial over claims that the discontinued heartburn drug Zantac causes cancer ended with a hung jury on Wednesday,...
Environmental Group Sues Tyson Foods for Alleged False Climate Claims September 19, 2024 By Leah Douglas An environmental group is suing Tyson Foods for allegedly misleading consumers by saying it will reach net-zero emissions by 2050...
Industry Critiques Trump’s Auto Insurance Rate Data, Promise to Cut Premiums September 19, 2024 By Chad Hemenway A comment and promise made by former President Donald Trump on Tuesday received a lot of not-so-positive attention from the...