Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilizing markets, a cross‑party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach. In …
Britain Needs ‘AI Stress Tests’ for Financial Services, Lawmakers say Read More »
BHP was on Monday refused permission to appeal against a ruling that it is liable for the 2015 collapse of a dam in southeastern Brazil, in a London lawsuit potentially worth tens of billions of pounds. In November, London’s High …
BHP Refused Permission to Appeal UK Judgment Over 2015 Brazil Dam Collapse Read More »
The U.S. Supreme Court agreed on Friday to hear Bayer’s bid to sharply limit lawsuits claiming that the company’s Roundup weedkiller causes cancer and potentially avert billions of dollars in damages. The justices took up Bayer’s appeal of a lower …
Supreme Court to Hear Bayer’s Bid to Curb Roundup Cases Read More »
With takeouts continuing at a steady pace and more carriers working the Florida property insurance market, state regulators saw fit to more than triple the size of Citizens’ Property Insurance Corp. recent rate decrease request. The Florida Office of Insurance …
Florida OIR Triples the Size of Citizens’ Rate Decrease Read More »
Bona fide expertise in Florida property insurance law is inching closer to reality, with new rules and new education initiatives. The Florida Bar’s Board of Governors in September approved proposed rules for a certification in insurance coverage law, and a …
Florida Insurance Law Cert Closer to Approval; Coverage College Set for March Read More »
Insurica, one of the largest U.S. brokerages, announced it has acquired Florida-based First Light Program Managers, a wholesale brokerage and delegated underwriter specializing in trucking and marine coverage. The acquisition, effective this month, is the largest in the 67-year history …
Insurica Acquires Florida-Based First Light Program Managers Read More »
New York City said it’s suing a food-delivery technology provider for withholding pay from workers, signaling Mayor Zohran Mamdani’s get-tough approach to regulating app-based work. Motoclick violated delivery worker laws by failing to pay the required minimum rate and by …
NYC Mayor Mamdani Widens Delivery-App Crackdown With Lost-Pay Lawsuit Read More »
A year after the Los Angeles wildfires, many survivors face the same problem: Their insurance policies aren’t paying out enough to cover the cost of rebuilding. It’s a tragic predicament. And it will happen again when the next disaster hits. …
LA Fire Survivors Got a Rude Surprise That Could Hit More Americans Read More »
Cowbell named Simon Hughes chief commercial officer. Hughes, who previously served as senior vice president, global distribution and general manager, U.K., will oversee Cowbell’s global commercial strategy, including distribution, partnerships, international expansion and market development. He initially joined Cowbell to …
People Moves: Cowbell Appoints Hughes as Chief Commercial Officer Read More »
A homeowner’s insurer was right to deny a grandmother coverage for a claim against her grandson because he did not qualify as a member of her household. The Massachusetts Appeals Court agreed with Arbella Mutual Insurance Co. that the grandson …
Grandson Not Covered Under Grandma’s Home Insurance Read More »
