News
Be Literal With Chatbots. Figurative Language Confuses Them
Computer scientists recently examined the performance of dialog systems, such as personal assistants and chatbots designed to interact with humans. The team found that when these systems are ...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch
Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during the January 2022 reinsurance renewals, while ...
Biden Administration Unveils ‘Wildfire Crisis Strategy’ for Western States
The Biden administration on Tuesday unveiled a 10-year plan to treat and maintain millions of additional acres of forests in the western United States to reduce the severity of seasonal wildfires. ...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws
A group of the world's biggest insurers and reinsurers that jointly pledged to eliminate greenhouse gas emissions from their underwriting activities have run into an unexpected opponent of their ...
Tech Bytes: New Partnerships at Bindable, Root, MAPFRE and DUAL
Bindable, an InsurTech for alternative distribution, joined Guidewire's Insurtech Vanguards Program, a new initiative led by property/casualty cloud platform provider Guidewire to help insurers learn ...
Activist Investment Firm Targets Safety Insurance; Wants Share Buyback, Directors
Activist investment firm Ides Capital Management has nominated two directors to the board of Safety Insurance Group and wants the company to buy back shares, cut costs and improve financial ...
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working
Lloyd's of London is reviewing its real estate needs as the historic insurance market embraces flexible working. "As we adapt to new structures and flexible ways of working, we are continuing to ...
Credit Suisse in Chaos After Chairman Ousted for Breaching COVID Rules
The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID quarantine rules, throwing the Swiss financial giant into fresh turmoil as it ...