The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers pay for workers’ compensation insurance in 2027. The proposed increase would raise the cost of coverage by an average …
Legal filings against residential rental properties in New York City grew substantially between 2021 and 2023 and then remained constant at that elevated level, according to research from Milford Street Captive Insurance. The analysis conducted by LegalClaimsAI and the NYU …
A North Carolina insurance agent was charged this week with exploiting an elderly person by stealing identify information and taking out a life insurance policy without the woman’s knowledge. Tony Lee Gunter, 29, of Spruce Pine, also earned $257 in …
As technological advancements become more ingrained in the development of entirely new industries and change the nature of existing industries, accessing needed coverage for complex risks through surplus lines carriers will become more of the path to success. The development …
The US Justice Department has encouraged prosecutors to dismiss more lawsuits against companies brought by whistleblowers, and the former top deputy for the agency’s civil division expects the trend to continue. The approach would follow recent revisions to the Justice …
Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest and Bank of America said on Sept. 22, as they set out principles for developing the technology. Technology companies including OpenAI, …
Marsh Appoints Reath US Real Estate and Hospitality Practice Leader, Marsh Risk Marsh, headquartered in New York City, appointed of Alexander Reath as U.S. real estate and hospitality practice leader, Marsh Risk. Based in Boston, Massachusetts, Reath reports to Darren …
British Columbia filed a lawsuit in California against OpenAI, alleging it could have used ChatGPT logs to warn police and avert a mass shooting in the Canadian province earlier this year. On Feb. 10, teenager Jesse Van Rootselaar allegedly killed …
DoorDash said on Tuesday it reached a $131.5 million settlement of a New York City government probe that found the food delivery company underpaid or waited too long to pay workers. The settlement with the city’s Department of Consumer and …
MNK International, an independent Lloyd’s broker, said it launched MNK International North America, a new broking business that will provide North American producers and clients with access to specialist insurance solutions through the London and Bermuda markets. MNK International North …