A new bill in Florida aims to limit how insurers use artificial intelligence in claims handling. Senate Bill 202, filed by Sen. Jennifer Bradley, would require that only human employees—not AI—make ...
Brown & Brown (Europe) struck a deal to acquire Pardus Underwriting, a UK managing general agent specializing in property owners and commercial combined insurance products. Terms weren’t disclosed, ...
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US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 30% in ...
Cavello Bay Reinsurance, a Bermuda-based subsidiary of Enstar Group, has filed a $400 mn lawsuit against Aspen Insurance Holdings and several affiliates, alleging breach of a 2022 reinsurance ...
Flood insurance coverage worth $1.3 tn sits on the edge of expiring, with Sept 30 marked as the deadline. US Congress hasn’t agreed on an extension. That means 4.7mn policyholders—homeowners, renters, ...
A civil case in the United States is a legal dispute between two or more parties seeking compensation rather than criminal penalties for issues involving human rights, contracts, personal injury, ...
A New York appellate court ruled that social media companies cannot be sued for their alleged role in the 2022 racially motivated mass shooting at a Buffalo grocery store. The court found the ...
Berkley Insurance Co. has filed suit in federal court to recover more than $1mn lost in a cyber-theft scheme that exploited a compromised email account. The insurer is suing Alliance Systems ...
Global growth is decelerating as US tariff policy reduces trade and heightens uncertainty. Consumers and firms have likely already begun cutting spending and investments in response to the uncertainty ...
Swiss Re’s annual SONAR report identifies new or changed risks that are difficult to quantify and could have a major impact on society and industry. By providing early insights into evolving risks, ...
U.S. commercial automobile carriers saw direct premiums written increased 12.1% in 2024 to a total of $72.18 bn, according to AM Best‘s Rankings report. Top 25 U.S. auto liability insurers ...
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