News
Zurich CEO: El Niño May Mean Fewer Hurricanes, Insurance Losses in North America
The development of the El Niño climate phenomenon might limit catastrophe claims in North America, Zurich Insurance's CEO said on Thursday after the company reported second-quarter results. "What we ...
California Utility’s Idle Transmission Tower Caused Deadly ’25 Eaton Fire
Sparks from an idle transmission tower owned by Southern California Edison caused the 2025 Eaton fire in the Los Angeles area that killed 19 people and destroyed more than 9,400 homes and businesses, ...
Another M&A Deal: AXIS Acquiring DUAL NA XS Liability Biz
AXIS Capital announced that it has agreed to acquire the renewal rights to the excess liability business of DUAL North America ("DUAL"). DUAL is a specialty program administrator and part of DUAL ...
New Security Incidents: OpenAI, Anthropic AI Agents Implicated
An AI agent was caught creating fake online identities to gain unauthorized access to secure systems during tests of models from OpenAI and Anthropic which revealed a series of new breaches, ...
Key to Customer Loyalty in Claims Journey Mixes AI and Human Judgment
A new report by Deloitte examined nearly 4,000 auto and home policyholder responses detailing where insurers can improve the claims journey without losing the human touch. The responses, collected by ...
Business Uncertainty Drives Changes in C-Suite Strategy: Sentry
Economic uncertainty—fueled by shifting trade policies, geopolitical instability, and operational disruptions—is driving leaders to rethink planning, risk management, and long-term strategy, ...
Lawsuits Over Child Safety, Deaths Mount Against Social Media Firms
The families of four teenagers who died by suicide are suing Meta, TikTok, Snapchat and YouTube over what they describe as "years of escalating harms" from using their platforms that eventually ...
EEOC Moves to End Employer Reporting of Worker Race, Sex Data
The U.S. agency that enforces laws banning workplace discrimination moved to scrap a requirement that employers annually submit data on the race and sex of their workers, which since its adoption in ...