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AIG General Insurance Q4 Income Up 19% on Underwriting, Investments

American International Group (AIG) during the fourth quarter 2023 recorded underwriting income of $642 million within its General Insurance segment — a slight increase from $635 million during the same quarter the prior year. Adjusted pretax income (APTI) in the …

Viewpoint: The Cyber Risk Pendulum

Privacy risk is so 2014, right? Ten years ago, numerous retail and healthcare companies were hit with data breaches related to the exposure of credit card or healthcare data. Given many data breach claims, which included fines by state attorney …

Nearly 75% of Employers Don’t Have AI Protocols for Internal Communications: Study

Despite organizations’ increased adoption of artificial intelligence (AI), 71% don’t provide internal guidance on when, where or how to use the technology, according to Gallagher’s 2023/24 State of the Sector report. Drawing on insights from more than 2,300 communication and …

Woman Killed After She Opened Fire in Joel Osteen’s Megachurch

HOUSTON (AP) — A woman in a trenchcoat opened fire with a long gun Sunday inside celebrity pastor Joel Osteen’s megachurch in Texas, sending worshippers rushing to find safety while two off-duty officers confronted and killed the shooter. Two other …

People Moves: JM Wilson Makes New Hires and Promotions Nationwide

JM Wilson, headquartered in Portage, Michigan, made several new hires and promotions in offices across the country. Katie Priester Bird joined the company as a property and casualty underwriter. Bird previously held roles in credit card dispute resolution for PNC …

Nevada Jury Awards $130M to 5 People With Liver Damage After Drinking Bottled Water

A Nevada jury awarded about $130 million in damages in a lawsuit filed by five people who suffered liver damage after drinking bottled water marketed by a Las Vegas-based company before the product was recalled from store shelves in 2021. …

Ryze Claim Solutions to Be Majority-Owned by Bain Capital

Ryze Claim Solutions, a full-service claims management business, announced it has entered a definitive agreement to be recapitalized by Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital. Following the transaction, Ryze will be majority-owned by Bain Capital …

Citing Immunity Law, Judge Tosses Body Parts Theft Claims Against Harvard

A Massachusetts Superior Court judge has dismissed negligence, infliction of emotional distress and other claims against Harvard and the operators of its medical school’s anatomical gift program by relatives of people whose donated bodies were allegedly abused, marketed and sold …

Texas Nursing Care Facility Settles Sex Discrimination Lawsuit for $50K

Paramount Healthcare Consultants, LLC, which operates nursing care facilities across Texas and Louisiana, will pay $50,000 to settle a sex discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC’s suit …

Ohio City Settles with Former Officer and Truck Driver Involved in K-9 Attack

COLUMBUS, Ohio (AP) — A central Ohio city agreed this week to a settlement with a former K-9 officer and a truck driver involved in an attack last year, video of which garnered national attention and raised questions about the …

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