Isaias suddenly strengthened into a Category 3 hurricane as of Friday morning, Oct. 9, and remained on course to hit the Pensacola-Panhandle area of Florida with more than six feet of storm surge, strong winds and as much as 15 inches of rainfall. “Just-received data from an Air Force Reserve Hurricane Hunter aircraft indicate that …
Broker expands marine offering with law firm acquisition Source link
Benson Enterprises, Inc., the operator of automotive dealerships including Ingram Park Chrysler Jeep Dodge Ram in San Antonio, will pay $430,000 and furnish other relief to settle a sex-based harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, from January to June …
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