The European Union will set up a “climate insurance alliance” to help pay for losses as global warming increases the frequency and intensity of droughts, floods and wildfires. European Commission President Ursula von der Leyen announced the initiative as part …
Ukraine is examining whether additional insurance cover for ships carrying food exports could help revive seaborne trade disrupted by Russian attacks on vessels and port infrastructure, a farm lobby group and a major farmers’ union said on Wednesday. Since the …
Amazon Web Services cannot restore access to its cloud-computing facility in Bahrain and one of three data–hosting zones in the United Arab Emirates following damage during the Iran war, according to a status update seen by Reuters on Tuesday. Amazon’s …
Waddingham Joins MEMIC Group as New Jersey Production Underwriter The MEMIC Group, headquartered in Portland, Maine, added Brandon Waddingham to its Northeast underwriting team as a production underwriter. Waddingham joins MEMIC with nine years of insurance experience. In his role, …
The owner and operator of an unlicensed prize insurance company who for years avoided paying claims, ignored cease and desist orders, and has been convicted of illegal sales and theft has pleaded guilty to fraud. Kevin Kolenda of Norwalk, Connecticut …
The Federal Bureau of Investigation (FBI) has informed Springfield (Massachusetts) Public Schools that the district’s data has been breached as a result of the recent cyberattack that closed schools last week. The breach appears to include staff and student information. …
Three people were killed and one injured when a TV news helicopter crashed between two commercial buildings in the Chatsworth neighborhood of Los Angeles, the city’s fire department said. The helicopter was providing coverage for KNBC and Telemundo 52, the …
There is some good news, according to the Independent Insurance Agents & Brokers of America, as the use of artificial intelligence proliferates across the industry. People still prefer people. A survey commissioned by the Big “I” found 87% of consumers …
Insurers run by Advantage Capital Holdings — and slated for takeover by Oaktree Capital Management — are facing a state regulator’s calls for emergency intervention over claims they’re in a “financially hazardous” position. Atlantic Coast Life Insurance Co. and reinsurance …
Meta Platforms CEO Mark Zuckerberg said on Tuesday that competition and liability give AI companies enough reason to act individually on safety, appearing to break from calls by leaders of top AI firms for a coordinated slowdown in AI development. …