The cyber insurance market is experiencing a fascinating paradox. Small business owners are increasingly worried about AI. So much so that artificial intelligence has become the second biggest reason they’re buying cyber insurance. Yet these concerns aren’t actually shaking up …
Viewpoint: AI Paradox in Cyber Insurance—When Fear Drives Markets More Than Reality Read More »
The cyber insurance market is experiencing a fascinating paradox. Small business owners are increasingly worried about AI. So much so that artificial intelligence has become the second biggest reason they’re buying cyber insurance. Yet these concerns aren’t actually shaking up …
Viewpoint: AI Paradox in Cyber Insurance—When Fear Drives Markets More Than Reality Read More »
A building where explosives were manufactured in Tennessee was not outfitted with a sprinkler system or fire protection system before a massive explosion killed 16 workers in October, the U.S. Chemical Safety Board said this week. It’s not clear if …
No Sprinklers in TN Explosives Plant Building Where Blast Killed 16, Investigators Say Read More »
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb+” (Good) of Texas-domiciled Cadence Indemnity Inc, a single parent captive of The Sullivan Brothers Family …
AM Best Withdraws Credit Ratings of Texas’ Cadence Indemnity Read More »
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency Morningstar DBRS, in a commentary on the war, While the insurance …
Iran War Potentially Raises Exposures for Terrorism, Political Violence Underwriters Read More »
Global law firm Clyde & Co has announced the opening of a new office in Highland, Indiana, expanding its US footprint and further strengthening its North American trial and defense practice. The new office will be led by Renee Mortimer, …
ALM Freight, LLC, an Amazon delivery service company, agreed to pay $47,000 and LMDmax Corp., ALM’s employment agency, agreed to pay $60,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency …
Amazon Delivery Service Company Settles Disability Discrimination Suit Read More »
Corpus Christi leaders on Tuesday unveiled new projections suggesting that the city could be just two months away from triggering emergency water measures. At a marathon city council meeting that stretched for 10 hours, Nick Winkelmann, interim chief operating officer …
Corpus Christi Water Emergency Could Be Two Months Away Read More »
Florida authorities have charged a contractor with underreporting payroll and avoiding more than $1 million in workers’ compensation insurance premiums. Jacques G. Denomme, of Port St. Lucie, was arrested in Martin County and released on bond earlier this month, after …
Florida Contractor Charged With Avoiding $1M in Workers’ Comp Premiums Read More »
Marsh Risk, a business of Marsh, announced the launch of BX1, a new Bermuda-domiciled insurance facility designed to provide US-based clients with an excess casualty insurance solution offering a unified block of $50 million capacity, placement certainty, and superior policy …
