Industry News
Unappreciated Gen AI Risks: Carbon Emissions and D&O Litigation
Hallucinations, bias, privacy infringements and intellectual property violations are some of the risks of generative AI that technology and insurance professionals have surfaced over the last year. ...
Cyber MGA Coalition Predicts Common Vulnerabilities to Increase 25% in 2024
Cyber insurance provider Coalition said it expects the total number of common vulnerabilities and exposures (CVEs) to increase by 25 percent in 2024 to 34,888 vulnerabilities, or roughly 2,900 per ...
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a relatively benign year for P&I claims ...
Aon-NFP Deal Clears Antitrust Hurdle
Aon's proposed $13.4 billion acquisition of NFP passed a regulatory waiting period Feb. 21, the companies said. While the acquisition is still subject to other regulatory and closing conditions, it ...
Survey: Trust in E-Commerce Platforms Growing While Companies Lag
Consumers shopping on e-commerce platforms trust them more than the companies selling their goods through those digital channels, according to a new survey by Chubb. This trust gap is most evident ...
‘Blockbuster’ Hurricane Season Possible: AccuWeather
With more than three months to go before its official start, AccuWeather meteorologists warn that a "blockbuster" hurricane season is possible, paying particular attention to late season storms. Two ...
Allstate Reports $276M in January Cat Losses, Updates Rate Increases
Allstate Corp. on Thursday reported January pretax catastrophe losses of $276 million. The Northbrook, Ill.-based insurer reached its $150 million threshold to report catastrophe losses following ...
The Latest Launches from HUB International, Verisk, Xceedance
HUB International, a global insurance brokerage and financial services firm, announced the launch of the HUB High Net Worth Excess Wildfire Program to address the need for enhanced wildfire coverage ...