News Archives - Insurance Journal

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3 05, 2024

An Origin Story: The History of the Professional Liability Underwriting Society

By | May 3rd, 2024|Uncategorized|Comments Off on An Origin Story: The History of the Professional Liability Underwriting Society

The Professional Liability Underwriting Society (PLUS), as it exists today, does not have a written narrative or any acknowledgment on its website about how the organization was created, the timeline, the individuals primarily involved, or all the events that had …

3 05, 2024

Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance

By | May 3rd, 2024|Uncategorized|Comments Off on Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance

Increased premiums combined with lackluster customer satisfaction scores are driving record numbers of auto insurance customers into the market for a new policy, according to the J.D. Power 2024 U.S. Insurance Shopping Study. Nearly half (49%) of U.S. auto insurance …

3 05, 2024

AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany

By | May 3rd, 2024|Uncategorized|Comments Off on AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany

Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer life insurance policies in Germany almost two years after announcing it. The deal was meant to shift €19 billion ($20.3 …

3 05, 2024

Uber Hit With £250 Million Suit From London’s Black Cab Drivers

By | May 3rd, 2024|Uncategorized|Comments Off on Uber Hit With £250 Million Suit From London’s Black Cab Drivers

Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds accusing it of unlawfully operating in the capital city. The claim alleges Uber improperly obtained a license to operate in …

3 05, 2024

Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

By | May 3rd, 2024|Uncategorized|Comments Off on Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed …

3 05, 2024

Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

By | May 3rd, 2024|Uncategorized|Comments Off on Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman

Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday it received an undisclosed investment from OpenAI Chief Executive Sam Altman. In all, Apex raised $7 million in a seed …

3 05, 2024

Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants

By | May 3rd, 2024|Uncategorized|Comments Off on Death of 4 Officers in Charlotte Shows Risks Police Face When Serving Warrants

(AP) Arrest warrants must be served to alleged criminals if society is going to function. But there is no guarantee of safety for police officers knocking on their doors. The grim risks came into stark relief Monday when four law …

3 05, 2024

Class Action Settlements Flooded With Fraudulent Claims by Scammers

By | May 3rd, 2024|Uncategorized|Comments Off on Class Action Settlements Flooded With Fraudulent Claims by Scammers

Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats. The company, which did not admit …

3 05, 2024

Kansas City Women’s Soccer Plans $800 Million Stadium District

By | May 3rd, 2024|Uncategorized|Comments Off on Kansas City Women’s Soccer Plans $800 Million Stadium District

After a failed vote to build a downtown Kansas City Royals stadium, another of the city’s professional sports teams is planning to expand with a mixed-used entertainment district. The Kansas City Current, the city’s National Women’s Soccer League team, will …

3 05, 2024

Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

By | May 3rd, 2024|Uncategorized|Comments Off on Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks

Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risk. Created through the combined capabilities of Marsh McLennan businesses Marsh and Oliver Wyman, Sentrisk uses advanced …