News
Sources Say Hamilton Insurance Group Mulling Potential IPO, Sale
Hamilton Insurance Group is considering strategic options amid growing momentum for deals involving insurance and reinsurance companies, people familiar with the matter told Reuters. The ...
California, Other States Rattled by Insurance Carrier Withdrawals
Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
Cycling Fatalities Reach 46-Year High
Cyclist fatalities reached a multi-decade high in 2021. According to a recent report from the National Highway Traffic Safety Administration, 966 pedal cyclists were killed in traffic crashes in ...
Executives on the Move at AXA XL, Guy Carpenter, Chaucer
AXA XL announced that Renaud Guidée has been appointed chief executive officer, Reinsurance, effective Sept. 1, 2023. He assumes the role from Nancy Bewlay, who has been appointed group chief ...
SEC Sues Binance and Founder Zhao Over ‘Web of Deception’
U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a "web of deception," piling further pressure on the world's biggest cryptocurrency exchange and sending ...
P/C Use Cases for ChatGPT and Other LLMs
ChatGPT and other large language models (LLMs) represent augmented intelligence tools through which users can combine artificial intelligence (AI) with human intelligence to enhance and amplify human ...
Governments Across the World Race to Regulate AI Tools
Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree on laws governing the use of the technology. Here are the ...
U.S. to Eliminate Many Dangerous Rail Crossings With $570M in Grants
With the rail industry relying on longer and longer trains to cut costs, the Biden administration is handing out $570 million in grants to help eliminate many railroad crossings in 32 states. The ...