Industry News
OpenAI And Microsoft Sued Over Murder-Suicide Blamed on ChatGPT
OpenAI and its investor Microsoft Corp. were sued over a Connecticut murder-suicide in the latest case to blame the popular ChatGPT chatbot for dangerous psychological manipulation of users. The ...
Acrisure to Buy MGA Vave From Canopius
Acrisure said it is acquiring Vave, a managing general agent, from parent Canopius. Terms of the deal were not disclosed. Vave will continue to operate under its brand name, and its management team, ...
Amica COO Murphy Retires After 45 Years
Amica Mutual Insurance Company announced that Ted Murphy, senior executive vice president and chief operations officer, will retire at the end of 2025 after 45 years of ...
What to Expect in 2026: U.S. P/C Results More Like 2024
With premium growth slowing to around 3 or 4 percent, and hurricane activity likely returning to normal levels, analysts at Fitch Ratings foresee 2026 underwriting results for property/casualty ...
Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown
Truck drivers are encountering a new risk on the highway: Law enforcement officers are empowered by the Trump administration to pull them off the road if they fail an English test. The government ...
Industry Trade Associations Throw More Support Behind FEMA Reform
The American Property Casualty Insurance Association and the National Association of Mutual Insurance Companies were among a handful of organizations to send a letter to federal lawmakers in support ...
WTW to Acquire Newfront in Deal Worth Up to $1.3B
Broker WTW said it has a definite agreement in place to acquire Newfront for up to $1.3 billion in a move to expand its middle-market reach in specialties such as technology, fintech and life ...
Archdiocese of New York Pledges $300M to Mediate Clergy Sex Abuse Claims
The Archdiocese of New York announced it is establishing a $300 million fund that it intends to use to pay for a global settlement of most of the 1,300 lawsuits it still faces from victims of clergy ...