Republican U.S. Senator Ted Cruz introduced a bill on Wednesday that would let artificial intelligence companies apply for exemptions to federal regulation to help them experiment in developing new technology. Cruz leads the Senate Commerce Committee, which held a subcommittee …
US Senator Cruz Proposes AI ‘Sandbox’ to Ease Regulations on Tech Companies Read More »
U.S. commercial insurance rates increased 3.8% in the second quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). WTW said the price increase has been very close to 6% over the past six quarters. Carriers …
US Commercial Lines Prices Increase 3.8%, Falling From Up 6% in Previous Quarters Read More »
Insurers that have not indicated they will pay claims from sexual abuse survivors currently have no standing to contest certain claims as they are being considered, a federal bankruptcy judge recently ruled in a case involving the Roman Catholic Diocese …
Bankruptcy Judge Rules Church Insurers Lack Standing to Contest Abuse Claims Read More »
Amazon.com Inc.’s autonomous driving unit Zoox has started offering rides to the public in Las Vegas, marking a first in the U.S. for a purpose-built robotaxi with no driver controls. Starting Wednesday, Zoox will offer trips in and around the …
Amazon’s Zoox to Launch Robotaxi Rides to Public in Las Vegas Read More »
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across most property lines will …
Competition to Drive ‘Deteriorating’ Reinsurance Market, More M&A in 2026 Read More »
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17% in the first half of 2025. The new report found that successful attacks are becoming more …
Report: Ransomware Attackers ‘More Systematic,’ Claims Become Costlier Read More »
Willis, a business of the broker WTW, announced the launch of a Global Risk Engineering team, as a key expansion of its Global Risk & Analytics (R&A) business. By consolidating and elevating its engineering capabilities, Willis said it is enhancing …
Willis Launches Global Risk Engineering Team to Enhance Specialized Capabilities Read More »
IQUW Re Bermuda, announced plans to expand its predominantly property cat reinsurance product suite with the additions of mortgage, credit, and cyber reinsurance to its portfolio. This continued product expansion comes at a time of significant development for IQUW. The …
Markets/Coverages: IQUW Re Bermuda Adds Mortgage, Credit, Cyber to Product Suite Read More »
Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter. The senior notes will be sold in …
Insurance Firm Definity Financial Readies C$1 Billion Debt Sale Read More »
Suspected cyber attackers linked to the Chinese Communist Party impersonated the Republican chair of the House Select Committee on China in a series of attempts to steal sensitive data on trade negotiations, the panel said. Hackers masquerading as Representative John …
Chinese Hackers Impersonated Republican Lawmaker, Panel Says Read More »
