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, …
Xanthe Boyle of Coverys and Dales Georgia Billington will co-chair the new group Source link
A tropical depression in the Atlantic is forecast to strengthen into a hurricane and bring heavy rainfall and high winds to the central Gulf Coast this weekend. Tropical Depression 9 is expected to impact southeastern Louisiana to the Florida Panhandle, the National Hurricane Center (NHC) said. The storm, which will take the name Isaias, is …
June 30-July 3 weather event produced nearly $350m in insured losses Source link
A 10th-grade girl and a motorist were killed Monday morning when a car hit a school bus full of high school students in central Florida, causing the bus to swerve and overturn. Polk County Sheriff Grady Judd said at a news conference at the scene that video of the crash was available and was being …
Aviva, Atrium, Blenheim and Talbot also provide capacity to Lloyd’s coverholder Source link
The Kentucky insurance commissioner is reminding property insurers they have just three weeks to resubmit homeowner policy endorsements that comply with state law on coverage for Fortified roofs. “Upon review, several FORTIFIED endorsement filings have been found to contain language which violates KRS 304.13-346,” Commissioner Sharon Clark wrote in a bulletin posted last week. Clark …