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AM Best Improves Outlook on US Personal Auto Segment to ‘Stable’

Insurance rating agency AM Best today said it has shifted its outlook of the U.S. personal auto insurance segment to stable from negative thanks to improving loss ratios of the top 20 carriers this year. Underwriting results have improved significantly, …

Secret Russian Oil Switching Gets New Greek Hotspot After Drills

The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location. About 1 million …

Storm Bert Brings Flooding and Disruption to UK and France

Storm Bert left a trail of disruption across the UK, with hundreds of flood warnings in place for Wales and the west of England. Five people were reported to have died by local media, after the storm brought heavy rain …

Higginbotham Fitts in Another Alabama Agency

Higginbotham, an independent insurance and human resources firm based in Texas, has joined forces with Fitts Agency in Tuscaloosa, Alabama, further expanding Higginbotham’s presence in the state. Fitts CEO Forrest Fitts said the partnership is a good fit for both …

Generali and Natixis in Early Talks for Asset Management Tie-Up, Source Says

France’s Natixis Investment Managers is holding early-stage talks with Italian insurer Generali GASI.MIabout a potential tie-up, a person with knowledge of the situation said, in a deal that could create one of the largest fund managers in Europe. The firms …

New York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches

Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total. New York Attorney General Letitia James and New …

Chinese Hackers Preparing for Conflict, Says US Cyber Official

Chinese hackers are positioning themselves in U.S. critical infrastructure in the event of a clash with the United States, a top American cybersecurity official said on Friday. Morgan Adamski, the executive director of U.S. Cyber Command, said ongoing Chinese-linked cyber …

UK Expands Sanctions Against Russian Oil Fleet and Its Insurers

The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The measures ban any cooperation with Moscow-based insurers AlfaStrakhovanie …

Contentious COP29 Deal Shows Climate Cooperation Fraying at Edges

When COP29 President Mukhtar Babayev stepped to the podium at the closing meeting of the Baku climate summit on Sunday morning, hoping to clinch a hard-fought agreement on global climate finance, he carried with him two speeches. One was crafted …

Class Action Lawsuit on AI-Related Discrimination Reaches Final Settlement

Mary Louis’ excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy. That third-party service included an …

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