Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million a year ago during the same time. The decline, according to a letter to shareholders, was due primarily to losses …
Instagram’s automated software systems recommended that child “groomers” connect with minors on the app, making it easier for them to find victims, according to a 2019 internal document presented in court by the Federal Trade Commission. The Meta Platforms Inc. …
The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on Wednesday. British companies, public bodies and institutions have been hit by a wave of cyberattacks in the past few years, …
A barrier described as an “anti-climb fence” is in the works for the Pennsylvania governor’s official residence, the state police chief said Tuesday, less than a month after a late-night intruder jumped the existing fence, broke into the home and …
Mutual of Enumclaw, hired insurance industry veteran Bob Otis as its new president and CEO. Otis has more than 30 years of executive-level experience in property/casualty insurance with several firms, including Allstate, USAA and National Lloyds. Most recently, he was …
Chaucer Group, the specialty re/insurance group, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla AI, the Toronto-based managing general agent that provides specialized insurance and risk management solutions for artificial intelligence. The TPL …
American Airlines Group Inc. sued the city of Chicago in a fight with rival United Airlines Holding Inc. over valuable gate space at O’Hare International Airport. The airport is a hub for both airlines, making it the only dual-hub airport …
Willis, a WTW business headquartered in New York City, appointed David Lofstrom as deputy regional leader, New England within corporate risk and broking (CRB) in North America. Lofstrom’s new position includes working closely with the full New England team to …
Marsh, a business of Marsh McLennan headquartered in New York City, appointed Jim Dunn as U.S. construction practice leader. Based in Atlanta, Georgia, Dunn will report to Michael Pellegrini, U.S. and Canada specialty leader, Marsh. Dunn has over 30 years …
Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture” …