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...
Companies Need to Be Aware of Cyber Risks Related to Proliferation of IoT June 6, 2024 By Peter Hedberg The Internet of Things (IoT), which refers to the collection of internet-enabled devices such as wearables, industrial sensors and controls,...
Buffett’s NetJets Sues Pilots’ Union for Defamation June 6, 2024 By Jonathan Stempel NetJets, the luxury plane unit of billionaire Warren Buffett’s Berkshire Hathaway Inc, sued its 3,400-member pilots union for defamation over...
Commercial Property Insurance Market Proving More Stable, Capitalized: USI June 6, 2024 By Allen Laman Following last year’s historically challenging property insurance market, 2024 is proving to be “a more stable and capitalized market,” USI...
CNA’s Worman to Take CEO Reins From Robusto in 2025 June 6, 2024 By Chad Hemenway CNA Financial Corp. said it is promoting Doug Worman, currently executive vice president and global head of underwriting, to president...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey June 5, 2024 Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate artificial intelligence into their analytics...
Tyson Foods Accused by Conservative Group of Hiring Migrants Over US Citizens June 5, 2024 By Daniel Wiessner A group founded by former Trump administration officials has accused Tyson Foods of discriminating against U.S. citizens by disproportionately hiring...
Marsh McLennan Agency Completes Fisher Brown Bottrell Acquisition June 5, 2024 Marsh McLennan Agency said it completed its purchase of Fisher Brown Bottrell Insurance, Inc. from Trustmark National Bank for about...