The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday. The BoE said it disagreed with an …
Bank of England Says it Is Testing AI Risks to Financial Ssystem Read More »
Five hundred and fifty billion dollars. That is the figure at the center of the landmark strategic investment agreement the United States and Japan concluded on July 22, 2025. A commitment by Japan to direct capital into American industries on …
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market Read More »
The Nord Stream gas pipelines were attacked in 2022 as a direct result of Russia’s invasion of Ukraine, insurers told a London court on Thursday as they seek to avoid paying out nearly 580 million euros ($684 million) over blasts …
Nord Stream Blasts Due to War, Say Insurers Seeking to Avoid Pay Out Read More »
An insurance fraud scheme involving a bear costume, luxury vehicles and falsified damage claims has ended in convictions for three Los Angeles area residents. A California Department of Insurance investigation began after an insurance company suspected fraud after insureds claimed …
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case Read More »
Crashes involving about 70 vehicles snarled a section of a snowy Colorado highway and sent eight people to the hospital. The pileup Tuesday prompted officials to close the eastbound side of Interstate 70 in Clear Creek County, about 50 miles …
70 Vehicle Pileup on Colorado Interstate Sends 8 to Hospital Read More »
The Governing Committee of the Workers’ Compensation Insurance Rating Bureau of California voted to authorize the WCIRB to submit a September 1, 2026, pure premium rate filing to the California Insurance Commissioner proposing advisory pure premium rates that will be …
Workers’ Comp Bureau of California Committee OKs 10.4% Increase in Pure Premium Filing Read More »
