News
Exploding Pagers in Lebanon Spur Theories on Sabotage Method
From the moment pagers began exploding across Lebanon Tuesday, theories began to circulate on how devices considered outmoded in much of the world were turned into dangerous weapons that killed ...
AIG Appoints Walsh EVP, Chief Financial Officer
American International Group announced that Keith Walsh will join the company as executive vice president, chief financial officer, effective Oct. 21, 2024.
Homeowners Not Satisfied, Just Stuck With Insurers: J.D. Power
Although Chubb, AIG, Amica and Erie outranked peers in the U.S. homeowners insurance market on measures of customer satisfaction, the compiler of satisfaction scores—J.D. Power—believes customers ...
U.S. to Convene Global AI Safety Summit in November
The Biden administration plans to convene a global safety summit on artificial intelligence, it said on Wednesday, as Congress continues to struggle with regulating the technology. Commerce Secretary ...
Survey: 1 in 3 Workers Want AI Banned in the Workplace, 50% Worry About Job Security
The use of artificial intelligence (AI) in the workplace is of growing concern to employees, according to CYPHER Learning, a provider of an all-in-one AI education platform model for business and ...
Maine State Leaders Consider Public Flood Insurance
State leaders tasked with reviewing Maine's preparations and responses to climate change-fueled natural disasters are at a crossroads. While Maine has seen seven federal disaster declarations for ...
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. ...
U.S. Property Insurance Rates Fall for First Time Since 2017
U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property ...
Flooding in Central Europe Could Cause Billions in Economic Losses, Analysts Say
The latest flooding in central Europe could cause economic losses ranging from several hundred million euros to billions, early estimates published on Monday found, as the region braced for more ...