Munich Re’s primary insurance unit ERGO aims to cut about 1,000 positions in Germany, partly as a result of its increased use of artificial intelligence. The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said …
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs Read More »
Stephen Smith, 56, a UK-based art collector, has bought prints through MyArtBroker, a sales and management platform for secondary-market prints and editions, since 2024, when he purchased Echo by British abstract artist Bridget Riley for £7,500 ($10,300). He uses the …
Can AI Tell Us How Much to Pay for Art? Read More »
When I reflect on the state of the Property & Casualty business today, two forces are reshaping the industry faster than any cycle I’ve seen in my career. Increasingly complex risks are driving demand for specialized protection solutions and talent. …
Viewpoint: How P/C Carriers Can Win the Next Decade With Tech + Talent Read More »
France will release a tanker after hitting it with a multimillion-euro fine for flouting European sanctions on Russian oil, following its seizure in the Mediterranean Sea last month. The Grinch will leave French waters after “paying several millions of euros …
France Fines Russia-Linked Oil Tanker in Shadow Fleet Crackdown Read More »
Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its …
Asbestos Lawsuits Prompt Vanderbilt Minerals to File Bankruptcy Read More »
The European Union is not prepared for worsening climate change and should urgently step up its investments to protect people and infrastructure from mounting floods, wildfires and severe heatwaves, its independent advisers said on Tuesday. Climate change has made Europe …
EU Ill-Prepared for Worsening Climate Change, Advisers Say Read More »
Private equity firms EQT AB and Vitruvian Partners are working with advisers as they explore strategic options for their investment in cyber insurer CFC, according to people familiar with the matter. The buyout group has appointed Evercore Inc. and Goldman …
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer Read More »
The 2026 regular session of the Florida Legislature may not make significant changes to the state’s property insurance statutes. But it could become known as the “water safety” session that approved measures aimed at reducing drowning deaths in the state—bills …
Florida Pool Safety Bills Moving to Address Record Number of Drowning Deaths Read More »
A federal judge rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s lawsuit accusing him of defamation in criticizing the oil giant’s advanced plastics recycling initiatives. U.S. District Judge Michael Truncale rejected Bonta’s claim he was immune from …
Judge Says Exxon Mobil Can Sue California AG for Defamation Over Recycling Read More »
Insurance broker SterlingRisk of Woodbury, New York announced the acquisition of ASZ International, Inc., a Westchester County, N.Y. agency specializing in transportation risks. The transaction became effective February 1, 2026. As part of the transaction, ASZ principals Marc Zettl and …
SterlingRisk Acquires Transportation Specialist ASZ International Read More »
