INSIGHT: How Big Tech Ethics Panels Are Putting Brakes on AI September 8, 2021 By Paresh Dave and Jeffrey Dastin In September last year, Google’s cloud unit looked into using artificial intelligence to help a financial firm decide whom to...
Global P/C Premiums Likely to Double by 2040, but Motor Growth Will Slow: Swiss Re September 8, 2021 By L.S. Howard Global property/casualty premiums are expected to more than double to US$4.3 trillion in 2040 from US$1.8 trillion in 2020 –...
People Moves: BKS Partners Adds Pollock; Beecher Carlson Promotes Golub September 8, 2021 BKS Partners Baldwin Krystyn Sherman Partners, LLC (“BKS Partners”), an indirect subsidiary of BRP Group, Inc. (“BRP Group”) (NASDAQ: BRP),...
Shortages of Supplies, Workers Expected to Delay Gulf Rebuilding September 8, 2021 By Paul Wiseman and Alex Veiga Joe Sobol, owner of Big Easy Construction in New Orleans, has bad news for homeowners who’ve been calling about roofs...
Officials Investigating Gas Leak at Tennessee Tyson Foods Facility September 8, 2021 Officials are investigating a release of toxic ammonia gas at a Middle Tennessee chicken processing plant that led to the...
RMS: Up to $35B in Gulf Region Onshore, Offshore Insured Losses From Ida September 8, 2021 Catastrophe risk specialist, RMS, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico region...
After Huge Wildfires, Greece Creates Climate Crisis Ministry September 8, 2021 By Derek Gatopoulos Greece’s center-right government has created a new ministry to address the impact of climate change and named former European Union...
Judge Rules Boeing Directors Must Face Shareholder Claims Over 737 MAX September 8, 2021 By David Shepardson, Tom Hals and Jonathan Stempel A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal...
Marshmallow, Black-Founded Insurtech, Is Now a Unicorn September 8, 2021 By Carolyn Cohn Digital motor insurer Marshmallow has raised $85 million from investors, valuing it at more than $1.25 billion and making it...
Credit Suisse Begins Filing Insurance Claims Over Greensill-Linked Funds September 8, 2021 By Brenna Hughes Neghaiwi A first insurance claim has been filed and more are being prepared in Credit Suisse’s efforts to recover funds from...