A lack of bad weather isn’t always a good thing. It looks like the 2025 Atlantic hurricane season is wrapping up in quiet fashion—aside from Hurricane Melissa, which caused catastrophic damage in Jamaica before impacting the surrounding area—without any U.S. …
Does Quiet Hurricane Season Mean Lack of Experience for Adjusters? Read More »
Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged …
Trafigura Lawyers Claim Gupta Had History of Fraud Before Alleged $600M Nickel Scam Read More »
OpenAI defended itself against a lawsuit accusing ChatGPT of coaching a 16-year-old to kill himself, saying the chatbot directed the teenager to seek help more than 100 times. In a court filing Tuesday, the artificial intelligence startup called the death …
OpenAI Says ChatGPT Not to Blame in Teen’s Death by Suicide Read More »
Insurers in the UK detected £1.16 billion (US$1.5 billion) worth of fraudulent insurance claims in 2024 – a 2% increase from £1.14 billion reported during the previous year, according to the Association British Insurers. Insurers uncovered at least 98,400 fraud-related …
Insurance Fraud in UK Topped £1B in 2024, With Motor Scams Causing 53% of Claims Read More »
Pennsylvania Gov. Josh Shapiro and leaders of Philadelphia’s mass transit agency said Monday that the system is fully complying with federal orders to take measures to help prevent fires in an aging electric railcar model that is heavily used in …
Philadelphia Transit Agency Vows It’s Upgrading Railcars Implicated in Fires Read More »
Allianz SE is in talks about potential job cuts at its assistance and travel insurance subsidiary Allianz Partners as it seeks to use more artifical intelligence. The cuts will likely affect call center positions, the person said, declining to be …
Allianz Unit Discussing Call Center Jobs Cuts in AI Transition Read More »
Africa Specialty Risks (ASR), a re/insurance group that focuses on developing markets, announced the launch of Lloyd’s Syndicate 2454 in South Africa. Based in Sandton, ASR’s syndicate underwriters will underwrite insurance and reinsurance risks in South Africa and neighboring countries, …
Africa Specialty Risks Launches Lloyd’s Syndicate 2454 in South Africa Read More »
The Trump administration’s latest attempt to isolate Nicolás Maduro’s government further complicates day-to-day operations for foreign oil companies in Venezuela, experts say. On Monday, the administration designated Cartel de los Soles as a foreign terrorist organization that it says is …
US Terror Label in Venezuela Deepens Risk for Oil Companies Read More »
Poland’s deputy prime minister said he expects Russia to escalate its sabotage activities in the country following an explosion on a busy rail route to Ukraine for which authorities blame Moscow. Krzysztof Gawkowski told Bloomberg News that the NATO member’s …
Poland Expects Russia to Escalate Sabotage After Rail Explosion Read More »
Independent insurance agents are always searching for smarter ways to serve their clients and run their businesses more efficiently. At this year’s Applied Net conference, attendees couldn’t stop raving about the EZLynx® tools they rely on every day. Whether it …
The EZLynx Solutions Insurance Agents Love Most Read More »
