News
Majority of Companies Worldwide See AI Benefits; Coverage Vague: Survey
A recent survey of more than 1,200 global businesses found that as AI adoption accelerates, 82% of respondents report positive impacts on their organizations. Global insurance brokerage Gallagher ...
U.S. Judge Rules Tesla Must Face Lawsuit Alleging Anti-American Bias in Hiring
A U.S. judge has refused to dismiss a lawsuit accusing Tesla of discriminating against American citizens in hiring so as to pay less to foreign workers, but said he was skeptical that the software ...
Camp Mystic Parents Sue Texas, Allege Evacuation Plan Requirement Not Enforced
Texas health officials failed to follow state law when they licensed Camp Mystic without making sure it had an evacuation plan, parents of nine children and counselors who died in the July 4 flood ...
Markel Group Announces Leadership Changes
Markel Group Inc. on Monday announced the appointments of Simon Wilson, CEO of Markel Insurance, and Andrew Crowley, President of Markel Ventures, as Executive Vice Presidents of Markel Group, in ...
Blizzard Caused Up to $38 Billion in Estimated Damage, Economic Loss: AccuWeather
The winter storm that brought several feet of snow and blizzard conditions to parts of the Northeast this week resulted in $34 billion to $38 billion in total damage and economic loss, according to a ...
Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio: AM Best
Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business may pressure financial results in ...
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best
Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents ...
New Texas Law Requires Insurers Provide Reason for Declining or Canceling Policies
Beginning earlier this year, a new Texas law went into effect requiring insurance companies to provide a reason for declining or canceling an auto or homeowners policy. HB 2067 applies to decisions ...