US electric companies will spend almost $208 billion in 2025 and more than $1.1 trillion over the next five years on the power grid, according to industry group Edison Electric Institute. Utility spending is growing rapidly. For comparison, investor-owned utilities …
AI-Power Boom to Drive $1.1 Trillion in US Utility Grid Spending Read More »
Despite the rapid rise of artificial intelligence in the insurance sector, along with claims of widespread errors and even discrimination by algorithms, A.I. is becoming vital to the industry – but insureds will be protected by existing statutes, insurance advocates …
Laws and Regs Already Protect Insureds From AI Missteps, Insurance Reps Say Read More »
A New York judge on Monday upheld a Long Island county’s law banning transgender women from playing on female sports teams at county-run parks and recreational facilities. In a decision in a suit brought by a roller derby league, Judge …
New York Judge Upholds Transgender Athlete Ban on Long Island Read More »
Germany’s Continental AG has reached a deal with former managers that will see their insurance pay damages between 40 million and 50 million euros ($46.7 million-$58.3 million) in connection with the diesel scandal, reported the Handelsblatt newspaper on Tuesday. The …
Continental AG Reaches Deal With Ex-Managers in Diesel Scandal, Handelsblatt Reports Read More »
Although economic uncertainty could affect insurers in the near to midterm, the workers’ compensation line continues to be a key driver of the profitability of the entire property/casualty insurance industry even as workers’ compensation prices are falling, according to a …
Workers’ Compensation Continues to Lead P/C industry With Strong Profits Read More »
The U.S. government sued Southern California Edison to help restore National Forest System lands burned in the Saddleridge wildfire near Los Angeles in 2019. Tuesday’s lawsuit seeks damages for fire suppression costs and rehabilitation stemming from the Edison International-owned utility’s …
US Sues Southern California Edison Over 2019 Wildfire Read More »
There are no $1 million giveaways to voters, cheesehead hats or even candidate debates. Elon Musk is nowhere to be found. Yet the stakes in the Pennsylvania election this fall are very much the same as they were in Wisconsin …
3 Democratic Justices Hope to Keep Pennsylvania Supreme Court Seats Read More »
A lawmaker is calling on Insurance Commissioner Ricardo Lara to resign in the wake of investigation he allegedly used taxpayer dollars to take luxurious trips. The Fair Political Practices Commission is looking into a complaint into Lara following reports that …
Lawmaker Calls for California Insurance Commissioner to Resign Amid Spending Probe Read More »
Ned Gaines was named commissioner of the Nevada Division of Insurance. Gaines, who has served as commissioner in an acting capacity since July 2, was named to the role by Department of Business and Industry Director Kristopher Sanchez. Gaines has …
Gaines Named Nevada Insurance Commissioner Read More »
NFP, an Aon company, added two new benefits leaders, Mark Carroll and Bill Schmidt, and their respective books of business. Carroll and Schmidt will each join as vice president, Benefits, in NFP’s Atlantic region. They are based in northern Virginia …
People Moves: NFP Adds Two to Benefits Team After Buying Their Businesses Read More »
