Beveridge to succeed Taylor as chief executive of International Group affiliate Source link
Homeowners insurance rates are beginning to come down in Texas, according to the most recent data from the state insurance department. Since the start of July, insurance companies have filed an average 4.3% rate decrease on homeowners policies. ASI Lloyds, a Progressive company, filed a 6% rate decrease impacting 71,000 policyholders, and Texas Farm Bureau …
Lloyd’s reinsurer hires Starr’s Elisabeth Groehe to lead new unit Source link
Farmers, truckers and economists say a move to cut taxes on diesel will provide little relief from record-high fuel prices that have soared since the U.S. attacked Iran months ago. Industry groups said they appreciate President Donald Trump’s executive order expanding the use of a diesel now reserved for off-road work, but farmers already have …
Existing cyber frameworks can be a useful starting block for creating AI wordings, but some underwriters are looking at the… Source link
They’re piled on river banks, lodged in uprooted trees, embedded in sediment and jammed under logs. Many are tangled in mounds of debris up to two stories high. Two years after Hurricane Helene leveled forests, bulldozed houses and filled western North Carolina rivers with everything from cars to refrigerators, the work of cleaning up the …
Storm strengthens to Category 3 as it heads for landfall on US Gulf Coast near Pensacola Source link
In one alarming announcement after another, artificial intelligence companies in recent months have shared examples of their technology acting in ways that appeared to evade instructions from humans. The episodes have highlighted the vulnerabilities in AI security and raised questions over how the fast-growing technology can be developed safely as its usage becomes more widespread …
German reinsurance giant’s stock lifted by Fitch revision as insurance equities enjoy positive week Source link
The US Federal Trade Commission is gearing up to take action against Priceline.com owner Booking Holdings E&over online ads that appear to direct consumers to a hotel’s site but send them to a third-party site where they are often charged extra, two sources familiar with the matter told Reuters. The FTC has been looking into …
Global aviation insurance market under ‘heightened scrutiny’ in the wake of recent high-profile catastrophes, Peter Elson, chief executive of Gallagher… Source link
Jeff Severino has joined Alliant Insurance Services as vice president within its employee benefits group on the Alliant Affinity team. Based in Kansas City, Severino will work with clients nationwide to design and develop tailored programs, drawing on a broad background spanning brokerage, underwriting, and client advisory. Severino brings 25 years of insurance industry experience, …