Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses April 20, 2023 Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3...
Google’s Rush to Win in AI Led to Ethical Lapses, Employees Say April 20, 2023 By Julia Love and Davey Alba Shortly before Google introduced Bard, its AI chatbot, to the public in March, it asked employees to test the tool....
Veterans Suing 3M Over Earplugs Seek to Stop ‘False Alarm’ Bankruptcy April 20, 2023 By Dietrich Knauth U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M’s bid to use the bankruptcy...
AM Best Gives A- Rating to At-Bay Specialty; Fischel Hired as At-Bay CFO April 19, 2023 At-Bay said insurance industry rating agency AM Best has assigned At-Bay Specialty Insurance Company a financial strength rating of A-...
Snap Says It’s Wrongly Dragged Into Social Media Addiction Suits April 19, 2023 By Malathi Nayak nap Inc. says it can’t be sued for allegedly addicting young users and contributing to a mental-health crisis because its...
Catastrophe Losses Cause Q1 Drop in Travelers’ Net Income April 19, 2023 By Chad Hemenway First quarter net income at Travelers Cos. fell 4% to $975 million as catastrophes cost the insurer a total of...
Viewpoint: D&O Market Conundrum — Softening Rates With Rising Claims Severity April 19, 2023 By Dan Beatty and Erin Zimmerman Executive Summary: An uncertain economic landscape leading to a rise in claims, decreasing rates, and proposed US Securities and Exchange...
J&J Talc Unit Asks Judge to Halt Cancer Lawsuits as it Pursues $8.9B Settlement April 19, 2023 By Dietrich Knauth A Johnson & Johnson subsidiary is again asking a U.S. judge to pause tens of thousands of lawsuits alleging the...
Fox News to Pay $787 Million to Settle Election Suit, Dominion Says April 19, 2023 By Erik Larson and Jef Feeley Fox News’s agreement to pay $787.5 million to settle a voting machine maker’s defamation lawsuit over the network’s 2020 election...
People Moves: Ascot Names Williams U.S. CIO; Falcon Expands Leadership Team; Everest Names Mulray President of N.A. Insurance April 19, 2023 By Jahna Jacobson Ascot Group Names Williams U.S. CIO Ascot Group has appointed Owen Williams to the newly created role of chief information...