US Auto Insurance Market on the Mend; Homeowners Line Volatile: Fitch June 7, 2024 The U.S. personal insurance sector is positioned for improving underwriting performance in 2024. According to Fitch’s latest U.S. Personal Lines...
People Moves: AXIS Appoints Boulos and Ryan to Head US Ocean Marine June 7, 2024 AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Paul Boulos and Rob Ryan as heads of ocean marine. Boulos...
Netflix Sued in $170M ‘Baby Reindeer’ Defamation Lawsuit June 7, 2024 By Jonathan Stempel Netflix was sued on Thursday for at least $170 million by a Scottish woman who said she was defamed over...
Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says June 7, 2024 By Susanne Sclafane “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken...
Growing Reliance on Big Tech for AI Carries New Risks, Banks Say June 7, 2024 By Elizabeth Howcroft The boom in artificial intelligence will increase banks’ dependence on big U.S. tech firms, creating new risks for the industry,...
Report Shows Increase in Total EV Loss Claims June 7, 2024 A new report shows a jump in total loss frequency for both electric and newer internal combustion engine automobiles. Mitchell...
World Meteorological Organization: Good Chance for More Record-Setting Global Temps June 7, 2024 By Don Jergler A new study on adoption of behaviors that reduce personal carbon emissions in 37 countries and territories classified as “high-emissions”...
US Regulators to Open Antitrust Inquiries of Microsoft, OpenAI and Nvidia June 6, 2024 By Jody Godoy The U.S. Justice Department and the Federal Trade Commission have reached a deal that allows them to proceed with antitrust...
Tech Update: USI’s Tech-Enabled Risk Control Platform; Baldwin Group Starts API-Connected Cyber Placements; AI-Based Workers Comp Fraud Detection at CLARA June 6, 2024 USI Insurance Services (USI) announced the launch of PATH (patent pending), a proprietary technology-enabled risk control platform for clients. The...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says June 6, 2024 By Susanne Sclafane Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said...