Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says September 7, 2023 By Loukia Gyftopoulou Growing fears about the state of the world are pushing more people to take out insurance even as prices rise,...
ACORD Releases Data Messaging Standard to Support London-Market Modernization September 7, 2023 ACORD, the standards-setting body for the global insurance industry, announced the publication of the ACORD GRLC Contract, Risk, and Pre-Accounting...
Microsoft Says Compromise of Engineer’s Account Led to Chinese Hack of US Officials September 7, 2023 By Raphael Satter The recently disclosed Chinese hack of senior officials at the U.S. State and Commerce departments stemmed from the compromise of...
City of London Calls for ‘Big Moves’ to Boost Post-Brexit Finance September 7, 2023 By Huw Jones The City of London called in a report on Thursday for a new council which would allow Britain’s financial sector...
New Study Says Autonomous Vehicles Significantly Reduce BI/PD Claims September 7, 2023 A new study has revealed that autonomous-vehicle technology reduced bodily injury claims frequency by 100% and property damage claims frequency...
Update: Adjusters-as-Appraisers Contracts Are Voided by Fee Cap, Florida Appeals Court Says September 7, 2023 By William Rabb Public adjusters cannot double as appraisers in claims disputes if their total fees exceed the statutory cap, a Florida appeals...
Nevada Division of Insurance Recovers $6.1M in 2023 September 7, 2023 The Nevada Division of Insurance announced it recovered over $6.1 million in Fiscal Year 2023. The Division’s Consumer Services and...
Roman Bust Seized from Massachusetts Museum in Ongoing Investigation September 7, 2023 A bronze bust believed to depict the daughter of an ancient Roman emperor has been seized from an art museum...
SAIF in Oregon Declares $135M Dividend for Policyholders September 7, 2023 The SAIF board of directors declared a $135 million dividend for its policyholders, marking the 14th straight year SAIF has...
Loss Trends for Severe Convective Storms September 7, 2023 By L.S. Howard Loss trends for severe convective storms (SCS) have increased over the past 15 years and even more during the past...