Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B January 9, 2024 By L.S. Howard Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
Viewpoint: Cyber Insurance Market Themes to Look Out for in 2024 January 9, 2024 By Oliver Brew, Lockton Re After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s...
OpenAI Claims New York Times Isn’t ‘Telling the Full Story’ in Suit January 9, 2024 OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the...
SCOTUS Declines to Hear Exxon, Koch Industries Appeal on Venue in Climate Case January 9, 2024 By Clark Mindock The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade...
Airlines Cleared to Inspect Grounded Boeing Jets After Mid-Air Incident January 8, 2024 By Valerie Insinna and Joanna Plucinska A delay in the inspection of grounded Boeing jets ended on Monday after U.S. officials retrieved a panel that blew...
J&J to Pay $700 Million to Settle States’ Talc-Marketing Probe January 8, 2024 By Jef Feeley Johnson & Johnson has tentatively agreed to pay about $700 million to resolve an investigation by more than 40 US...
Rokstone to Grow N.A. Marine Portfolio With $25M Allianz-Backed Partnership January 8, 2024 Specialty MGA Rokstone of the Aventum Group announced a significant enhancement to its North American marine operations. Allianz Commercial has...
Majesco Acquires Decision Research Corp. Insurance Software Business January 8, 2024 Majesco, a cloud insurance software provider for the insurance business, announced it has acquired the Decision Research Corporation (DRC) business....
FEMA Adds Nearly $620M to Reinsurance Program January 8, 2024 FEMA announced that the agency is transferring $619.5 million more of the National Flood Insurance Program’s financial risk to the...
Microsoft, OpenAI Hit With New Lawsuit by Authors Over AI Training January 8, 2024 By Blake Brittain OpenAI and its financial backer Microsoft were sued on Friday in Manhattan federal court by a pair of nonfiction authors...