News
AI ‘Trustworthiness’ Is Focal Point of New Government Inquiry
A U.S. Commerce Department agency is opening an inquiry into how companies and regulators can ensure that artificial intelligence systems are trustworthy, legal and ethical. The probe by the National ...
MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
Aspect Labs Ltd., the London-based managing general agent, has officially opened its doors for business, targeting small to mid-market risks that are not big enough for Lloyd's of London. Initially ...
Mother Sues Maine School Over Keeping Teen’s Gender Transition Private
A Maine woman is suing a school district whose counselor encouraged her teen's social gender transition, providing a chest binder and using a new name and pronouns, without consulting parents. It's ...
Arch Insurance Acquires InsurTech Thimble
Arch Insurance said it has acquired Thimble, an InsurTech platform that enables small businesses to get insurance coverage by the job, month or year using app, website or over the phone. Terms were ...
Lawsuit, Adjuster Say UPC Altered Louisiana Estimate After Hurricane Ida
The practice of insurance companies revising independent adjusters' damage reports may be as widespread in Louisiana as it is in Florida, according to adjusters and a plaintiffs' attorney who has ...
Dog-Related Injuries Cost Insurers More Than $1 Billion in 2022
Insurers paid out more than $1 billion in dog-related injury claims in 2022, a 28 percent increase over 2021 even though the number of claims decreased last year, according to the Insurance ...
Regulators Say Railroads Must Examine How They Build Trains
Federal regulators said Friday that railroads need to re-examine how they assemble their trains after a string of derailments in recent years that were at least partly caused by the way empty and ...
Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best
Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according ...