Collateral Agreement Didn’t Mention Tort Claims, Cutting SUNZ Out of BP Funds January 10, 2025 By William Rabb If insurance carriers want dibs on a company’s assets as premium security or collateral, they had better specify that those...
Catastrophe Bond Funds Say They’ll Dodge Losses as LA Fires Rage January 10, 2025 By Gautam Naik The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks....
Meta Knew It Used Pirated Books to Train AI, Authors Say January 10, 2025 By Blake Brittain Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark...
White House Rushes to Finish Cyber Order After China Hacks January 10, 2025 By Katrina Manson and Jake Bleiberg The Biden administration is racing to put out an executive order meant to shore up U.S. cybersecurity in its dwindling...
Brain Monitoring: It Could Improve Employee Performance or Worsen Discrimination January 10, 2025 By Paul Brandt-Rauf Despite all the attention on technologies that reduce the hands-on role of humans at work – such as self-driving vehicles,...
AM Best Upgrades Financial Strength Ratings for Employers Holding Subsidiaries January 10, 2025 AM Best has upgraded the Financial Strength Rating (FSR) of Reno, Nevada-based Employers Holdings Inc.’s subsidiaries to A (Excellent) from...
Nevada Division of Insurance Recovered $9.4M in 2024 January 10, 2025 The Nevada Division of Insurance’s Consumer Services section recovered $9.4 million for Nevada consumers during 2024, the division announced this...
Insurer Upheld in Declining to Defend Employer Against Injured Worker’s Lawsuit January 10, 2025 The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an...
Massachusetts to Hike Some Mandatory Auto Insurance Coverage Limits in 2025 January 10, 2025 Massachusetts Governor Maura Healey recently signed legislation increasing the minimum coverage limits of auto insurance for some mandatory coverages. These...
Maryland AG Vows to Protect Seniors in Assisted Living, Workers Denied Full Wages January 10, 2025 Maryland Attorney General Anthony G. Brown is making legislation protecting seniors in assisted living facilities and enforcement of fair wages...