Alphabet unit Waymo recalled 3,067 of its vehicles in the United States over a software issue which was fixed through an update, the National Highway Traffic Safety Administration (NHTSA) said Dec. 11. The company had recalled certain vehicles with the …
Waymo Recalls, Updates Software for Over 3000 Vehicles, US Regulator Says Read More »
A Florida House subcommittee this week approved a bill that would mandate human involvement in property insurance claims denials, a sign of the times as insurers employ more artificial intelligence on multiple fronts. House Bill 527 is sponsored by state …
Florida House Panel Passes Bill Requiring Human Touch on Claims Denials Read More »
InvestSM, an educational nonprofit administered by the Independent Insurance Agents & Brokers of America (Big I) announced that Nicole Carter, vice president of personal lines sales, strategic distribution and agent experience at Grange Insurance, has joined the Invest board of …
Grange Insurance’s Carter Joins Board of Nonprofit Invest Read More »
The company that makes one of the two most widely used brands of formula for premature babies is threatening to stop. That is, unless US health officials and Congress help protect it from lawsuits related to infant deaths allegedly tied …
Abbott Presses Congress for Legal Shield Over Preemie Baby Formula Lawsuits Read More »
A Gadsden County, Florida, jury awarded $779 million, believed to be a record for the county near Tallahassee, to the family of a security guard who was killed at what was called an illegal internet gambling café in 2023. Ben …
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe Read More »
Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder for allegedly masterminding a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing. Daniel Chu is already facing probes by the …
Tricolor Trustee Files Suit in Texas for Auto Dealer’s Collapse Read More »
Louisiana Insurance Commissioner Tim Temple approved SureChoice Underwriters Reciprocal Exchange and Elevate Reciprocal Exchange’s requests for a 7.5% average rate decrease on the carriers’ more than 73,000 homeowners policyholders and 17,000-plus dwelling policyholders. Related: Why Reciprocal Insurance Exchanges Are Back …
Louisiana Insurance Commissioner OKs SureChoice, Elevate Homeowners Rate Drops Read More »
Westfield Specialty International announced its intention to expand its business from a Lloyd’s-only vehicle into the company market. Subject to regulatory approval, Westfield Specialty will launch a Luxembourg subsidiary and use this platform to underwrite risks on company paper alongside …
Westfield Specialty to Launch Luxembourg Subsidiary, Expanding Into Company Market Read More »
The American Property Casualty Insurance Association and the National Association of Mutual Insurance Companies were among a handful of organizations to send a letter to federal lawmakers in support of a bill to reform the Federal Emergency Management Agency. In …
Industry Trade Associations Throw More Support Behind FEMA Reform Read More »
French insurer AXA SA said it’s exercising greater caution on the artificial intelligence build-out when backing financing for the sector, amid growing awareness of emerging risks in private markets. “We are convinced of the medium-term trend, but we want to …
AXA Warns on Data Center ‘Gambles’ as Private Credit Risks Rise Read More »
