Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained March 11, 2024 By L.S. Howard Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,”...
FEMA Adds $575M Reinsurance Coverage for NFIP March 11, 2024 The Federal Emergency Management Agency (FEMA) late last week said that for the seventh time it went to the insurance-linked...
Yemen’s Rebels Target Singapore-Flagged Ship in Gulf of Aden March 11, 2024 By Jon Gambrell An attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden, authorities...
Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video March 11, 2024 Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI...
Judge Blocks NLRB Rule on Contract and Franchise Workers March 11, 2024 By Daniel Wiessner A federal judge in Texas on Friday struck down a U.S. National Labor Relations Board (NLRB) rule that would treat...
Microsoft Warns Russian Hackers Still Trying to Break Into its Systems March 11, 2024 By Raphael Satter and Zeba Siddiqui Microsoft said on Friday that hackers linked to Russia’s foreign intelligence were trying again to break into its systems, using...
States Scramble to Catch Up on Oversight as AI Pervades Everyday Life March 11, 2024 By Jesse Bedayn While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job...
Florida Lawmakers Approve Surplus Takeouts but Stop Short on Nonrenewal Limits March 11, 2024 By William Rabb A number of property insurance-related bills were introduced in the Florida Legislature this year – from a fundamental change to...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger March 11, 2024 By Andrew G. Simpson Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million...
New York Inspector General Reports on 2 Workers’ Compensation Fraud Cases March 11, 2024 New York State Inspector General Lucy announced a sentencing and a guilty plea in two separate workers’ compensation fraud cases....