US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings June 13, 2024 An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines...
SpaceX Sued by Engineers Fired After Accusing Elon Musk of Sexism June 13, 2024 By Daniel Wiessner Rocket maker SpaceX and its CEO Elon Musk were sued on Wednesday by eight engineers who say they were illegally...
US Inflation Report Offers a Break for Price-Weary Consumers June 12, 2024 By Vince Golle US consumers, unaccustomed to falling prices for the past several years, were able to breathe a little bit easier last...
HHS Says UnitedHealth Can Notify Patients of Data Breach June 12, 2024 U.S. healthcare providers can ask UnitedHealth Group to notify people whose data was exposed during a hack on the company’s...
Hiscox Appoints Plymouth Rock’s Boyd to US CEO June 12, 2024 Hiscox appointed Mary Boyd CEO of its U.S. business unit to replace Kevin Kerridge, who is stepping down after 30...
Elon Musk Withdraws Lawsuit Against OpenAI June 12, 2024 By Mike Scarcella Billionaire entrepreneur Elon Musk on Tuesday moved to dismiss his lawsuit accusing ChatGPT maker OpenAI and its CEO Sam Altman...
P/C Insurers Record $9.3 Billion Q1 Underwriting Gain: AM Best June 12, 2024 The U.S. property/casualty industry recorded a $9.3 billion net underwriting gain in the first three months of 2024, according to...
Hard-to-Come-By Trust Is Top Driver of Auto Insurance Customer Satisfaction: J.D. Power June 12, 2024 Rate increases do not necessarily erode customer satisfaction with auto insurers, according to the J.D. Power 2024 U.S. Auto Insurance...
As Supreme Court Decisions Loom, a Legal Assault Is Weakening SEC’s Power June 12, 2024 By Chris Prentice and Michelle Price A legal assault on the U.S. Securities and Exchange Commission is chipping away at its powers to oversee Wall Street...
Viewpoint: Why Insurers Should Have Confidence in Machine Learning Capability June 12, 2024 By Erez Barak Executive Summary: While insurance leaders plan to use machine learning capability in their pricing and underwriting processes, only a small...