News
Lawsuit: Ship Owner Ignored Needed Repairs Before Baltimore Bridge Collapse
The owner and manager of the cargo ship that caused the deadly Baltimore bridge collapse recklessly cut corners and ignored known electrical problems on the vessel, the Justice Department alleged ...
Over 250,000 U.S. Properties Have Repeat NFIP Claims: Report
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data ...
7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI
With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it's not surprising that nearly 7 in 10 ...
Historic Rainfall Inflicts Chaotic Floods Across Four Continents
Severe rains bucketed down on central Europe, Africa, Shanghai and the U.S. Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different ...
Sir Charles Roxburgh Named Carnegie-Brown Successor as Lloyd’s Chair
Lloyd's of London, the insurance and reinsurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position ...
AI-Assisted Insurance Fraud on the Rise: UK Report
There's been a rise in AI -driven insurance fraud in the UK, as observed by claims handlers, according to fraud-prevention platform Sprout.ai and a survey conducted by Censuswide in July 2024. The ...
2024’s U.S. Tornado Count Ranks as One of the Highest
The year-to-date estimated tornado count for the U.S. is 1,597, which ranks 2024 among the highest tornado counts on record for the same January-August period, according to preliminary data from ...
Major Companies Abandon an LGBTQ+ Rights Report Card After Facing Anti-Diversity Backlash
More than two decades ago, when gay men and lesbians were prohibited from serving openly in the U.S. military and no state had legalized same-sex marriages, a national ...
U.S. Companies Nix Career Programs for Women Amid DEI Backslide
Amid a DEI backlash in corporate America, employers are cutting programs meant to boost the careers of women and grow the pipeline of female workers, with the pullback ...