Demex, a technology-enabled reinsurance solution provider headquartered in New York City, promoted Michael Anderson to CEO following four years as chief growth officer. Demex also promoted Matthew Coleman to president, reinsurance from chief risk officer; and Charlie Eadie from executive …
A powerful coalition of tech companies backed by the White House’s artificial intelligence chief appears to have failed to persuade lawmakers to use a must-pass defense bill to block state governments from regulating artificial intelligence, a key congressional Republican signaled …
Tech Industry Drive to Block State AI Laws Hits Wall in Congress Read More »
Asurion LLC has agreed to acquire UK warranty business Domestic & General Group Ltd. as the US company looks to expand its business and geography. Nashville, Tennessee-based Asurion is buying D&G from CVC Capital Partners Plc and the Abu Dhabi …
Asurion Agrees to Buy CVC-Backed UK Warranty Provider D&G Read More »
The Bank of England said on Tuesday that threats to Britain’s financial system had risen this year due to stretched valuations of companies investing in artificial intelligence, risky lending and bets with borrowed money in government bond markets. The comments …
Bank of England Sees Rising Financial Risks From AI and Lending Read More »
There has been much discussion in the insurance industry about artificial intelligence (AI) and how it can take on mundane, laborious tasks and complete them in a fraction of the time it would take a human. But the technology is …
Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think Read More »
A new flood insurance quoting platform aims to streamline the process for insurance agents and brokers, providing real-time quotes from federal and private insurers all in one place. Flood Quotes is owned by National Flood Insurance LLC, and is based …
Flood Quotes Aims to Make it Easier for Agents to Compare Premiums and Bind Policies Read More »
Simplifai, a provider of agentic artificial intelligence for property-casualty insurance claims, with offices in Miami, Florida, and Oslo, Norway, has named new members to its board of directors. Noel Hamill and Nils Thomas Lien, both of whom have built and …
People Moves: Simplifai, Providing AI for Claims, Names New Board Members Read More »
A working group on wildfires in Washington wants the state Legislature to consider requiring insurers to internally track instances in which wildfire risk materially contributes to a policy nonrenewal, cancellation or eligibility determination—and to better explain wildfire risk scores. The …
Report Asks Washington Lawmakers to Require Insurers to Better Track Wildfire Risk Read More »
The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit in San Francisco Superior …
San Francisco Sues Kraft, Coca-Cola Over Ultra-Processed Foods Read More »
Illinois Attorney General Kwame Raoul announced a $120 million settlement with Monsanto Company (Monsanto) and affiliates Solutia Inc. and Pharmacia LLC over the environmental and health effects of Monsanto’s decades-long production of polychlorinated biphenyls, known as PCBs. Raoul’s office filed …
Illinois Attorney General Announces $120M Settlement with Monsanto Read More »
