Maryland Insurance Commissioner Marie Grant appointed Patricia Dorn as associate commissioner for consumer education and advocacy at the Maryland Insurance Administration. Dorn, who has served at the Maryland Insurance Administration since 2012, will lead the Consumer Education and Advocacy Unit …
People Moves: Dorn Named to Maryland Insurance Administration Post Read More »
Edison International beat Wall Street estimates for first-quarter profit on Tuesday, as the utility benefited from lower operating and interest expenses and higher rates for its services. Lower interest rates reduce borrowing costs for power companies, which usually need more …
With LA Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses and Rate Hikes Read More »
Britain’s Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer. The Co-op, which is …
Co-op Is Latest British Retailer to Be Hit by Cyber Attack Read More »
Aspen Specialty Insurance Co. has reached a settlement with the owners of a Nashville condominium building that was badly damaged in the Christmas Day bombing in 2020. The terms of the settlement were not disclosed, but both sides have agreed …
Aspen Specialty Settles With Condo in $11M Nashville Bombing Coverage Dispute Read More »
Global insured losses from natural catastrophes hit US$137 billion in 2024, following the 5%-7% annual growth rate that has been the norm of recent years, according to Swiss Re analysis. If this trend continues, global insured losses will approach US$145 …
Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils Read More »
Three Rhode Island men have been charged in federal court in Providence for their alleged roles in a conspiracy to steal and sell hundreds of thousands of dollars’ worth of catalytic converters, announced Acting U.S. Attorney Sara Miron Bloom. According …
Three Rhode Island Men Charged in Theft of Thousands of Catalytic Converters Read More »
Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that’s not the road to turbocharging growth that AIG CEO Peter Zaffino envisions for his company. AIG is all-in on AI that …
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S Read More »
WTW has announced the North American launch of Radar Vision, an AI-driven performance monitoring tool custom-built for insurers. The global insurance industry has been turbulent for a few years, with significant inflation and demographic changes compounded by increasingly competitive and …
Tech Update: WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers Read More »
As factories, stores and hotels across Spain and Portugal gradually returned to normal on Tuesday after a huge blackout the day before, business associations and companies began counting the cost. Spain’s main business lobby CEOE estimated the outage would shave …
Companies Count the Costs After Blackout in Spain and Portugal Read More »
On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela. The vessel raised some red flags: it was 32 years old, …
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade Read More »
