News
FTC Investigates OpenAI Over Misleading Statements
The Federal Trade Commission (FTC) has opened an investigation into OpenAI on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the strongest ...
Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report
Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions about reserve adequacy for property/casualty insurers, ...
Tech Bytes: New Partnerships at Pepper, Reask, Blink Parametric
Pepper, a U.S.-based consumer Internet of Things platform as a service, announced the availability of cyber insurance through a partnership with Embedded Insurance. By leveraging Pepper's technology, ...
P/C Market Won’t See Underwriting Profit Until ’24; Outsized Growth Expected
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
Workers Comp and Mental Health: Panel Examines Why Worker Well-Being Matters
American workers are struggling. Employee stress has reached record highs. Symptoms and formal diagnoses of mental illnesses like anxiety, depression and PTSD are rising. Substance abuse disorders ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...
Experts Warn Regulations Need to Be in Place to Rein in AI Explosion
Rapid advancements in artificial intelligence have the potential to exacerbate societal problems and even pose an existential threat to human life, increasing the need for global regulation, AI ...
Insurers Sue Energy Corp. to Recoup Colorado Wildfire Claims Payments
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed ...