As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
New Prime Minister Andy Burnham appointed Lucy Rigby as Britain’s City Minister on Tuesday, putting her in charge of overseeing the country’s financial services sector. Rigby was in that role under Keir Starmer’s government between September last year and May …
Alphabet Inc. has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area. Google’s parent company signed a lease this spring to expand to about 45,000 square …
OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an “unprecedented” incident that prompted fresh calls for curbs on the technology. The ChatGPT-maker said in a blog post Tuesday that the models broke into Hugging Face’s …
Insurers can drive improvements in climate resilience by rewarding companies that invest to protect their businesses, rather than simply penalizing risky assets with higher premiums, according to a senior executive at Aon Plc. “Our role as an intermediary is to …
Grange Insurance Names Conte Chief Distribution Officer Grange Insurance, based in Columbus, Ohio, named Krista Conte chief distribution officer. With more than 20 years of industry experience, Conte most recently served as executive vice president of insurance and distribution at …
The US Food and Drug Administration had apologized, Taylor Farms said in a post on X. An agency lab test linking its produce to the country’s worst cyclosporiasis outbreak in decades was a false positive. Not only that, but the …
The US Food and Drug Administration said it’s investigating yet another outbreak of the diarrhea-causing cyclospora parasite, with 72 cases tied to an unknown source. The latest infections disclosed by the agency on July 22 add to the surge of …
On Wednesday, nearly 270 New York law enforcement officials participated in a specialized training on combatting auto insurance fraud at the New York State Police Academy in Albany. Participants hailed from 55 agencies including the New York State Police, local …
UCA General Insurance Services, Inc. promoted Laurie Eusebio to vice president of operations. The new role will include a range of responsibilities involving all departments in the firm. Eusebio started with UCA in 2006 as a marketing assistant. Since then, …