Musk Says xAI to Take Legal Action Against Apple Over App Store Rankings August 12, 2025 Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple, accusing the iPhone...
5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B August 12, 2025 By Susanne Sclafane “Are you being serious?” Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question...
Liberty Mutual in First FCPA Settlement Since Enforcement Restarted August 12, 2025 By Jonathan Stempel Liberty Mutual will give up $4.7 million in profit to settle a U.S. criminal bribery probe into an Indian subsidiary,...
AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business August 12, 2025 By Chad Hemenway Are two AIGs better than one? In outlining the work at American International Group (AIG) to integrate generative artificial intelligence,...
People Moves: Chubb Promotes in Surety, Property; WTW Hires ICT Directors; HDI Global USA Names Aguiar Head of Energy & Power Underwriting August 11, 2025 Chubb Makes Key Leadership Appointments in Surety’s Global and North America Businesses Chubb Limited, headquartered in Warren, New Jersey, named...
Insurtech Investment Hits $60B Milestone But Pales AI Figures August 11, 2025 By Elizabeth Blosfield Artificial intelligence is quickly reshaping the insurance landscape, and Gallagher Re’s global head of insurtech, Andrew Johnston, warned in the...
CSU, NOAA Maintain Forecasts for Above-Average Hurricane Season August 11, 2025 Colorado State University’s hurricane researchers and the National Oceanic and Atmospheric Administration (NOAA) issued updates to their 2025 Atlantic hurricane...
Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty August 8, 2025 By L.S. Howard Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a...
Former Ironshore, Lexington CEO Kevin Kelley Dies August 8, 2025 By Chad Hemenway Long-time industry leader Kevin H. Kelley has died. Kelley, 74, was last in the industry with Liberty Mutual Insurance, where...
Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best August 8, 2025 Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance...