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26 02, 2026

People Moves: AEU Names Lake VP and Loss Control Director

By | February 26th, 2026|Uncategorized|Comments Off on People Moves: AEU Names Lake VP and Loss Control Director

The American Equity Underwriters, one of the largest providers of workers’ compensation insurance for waterfront employees, has named Jason Lake senior vice president and director of loss control. Lake will succeed Jimmy Burgin, who plans to retire in July after …

25 02, 2026

AM Best Says Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio

By | February 25th, 2026|Uncategorized|Comments Off on AM Best Says Premium Slowdown, Inflation Factors to Lead to Higher P/C Combined Ratio

Success for the property/casualty industry in 2025 was marked by rate increases and investment income, but plateauing or softening rates in many lines of business in 2026 may pressure financial results in 2026, said AM Best. In a new report, …

25 02, 2026

Markets/Coverages: Liberty Mutual, Floodbase Partner on Parametric Flood

By | February 25th, 2026|Uncategorized|Comments Off on Markets/Coverages: Liberty Mutual, Floodbase Partner on Parametric Flood

Floodbase and Liberty Mutual announced the launch of an instant quoting application for parametric flood insurance in the U.S., allowing wholesale and retail brokers to price parametric flood covers in minutes Designed specifically for the U.S. market, Liberty’s pricing engine …

26 02, 2026

San Diego Approves $6M Settlement With Insurers for Flood Damage

By | February 26th, 2026|Uncategorized|Comments Off on San Diego Approves $6M Settlement With Insurers for Flood Damage

The city of San Diego is paying $6 million to a group of insurers to compensate them for paying claims from floods in January 2024 floods. The city council granted final approval Tuesday to the settlement, part of a longer …

25 02, 2026

Judge Dismisses xAI Trade-Secrets Suit Against Rival OpenAI for Now

By | February 25th, 2026|Uncategorized|Comments Off on Judge Dismisses xAI Trade-Secrets Suit Against Rival OpenAI for Now

A federal judge in California on Tuesday dismissed a lawsuit from Elon Musk’s artificial intelligence startup xAI that accused rival Sam Altman’s OpenAI of stealing its trade secrets. U.S. District Judge Rita Lin in San Francisco said that xAI could …

25 02, 2026

Alabama Governor Signs Law Barring New Environmental Regulations

By | February 25th, 2026|Uncategorized|Comments Off on Alabama Governor Signs Law Barring New Environmental Regulations

Alabama Gov. Kay Ivey has signed legislation Thursday that restricts the state’s ability to set new environmental regulations. The measure prohibits state agencies from setting restrictions on pollutants and hazardous substances exceeding those set by the federal government. In areas …

26 02, 2026

Cleaning Up Potomac River Sewer Spill Could Take Months

By | February 26th, 2026|Uncategorized|Comments Off on Cleaning Up Potomac River Sewer Spill Could Take Months

After a massive sewage spill in the Potomac River outside Washington, DC attracted the ire of President Donald Trump, federal officials are taking on a larger role in the disaster response — a job that could last months. The spill …

25 02, 2026

Wynn Resorts Says Hackers Stole Employee Data

By | February 25th, 2026|Uncategorized|Comments Off on Wynn Resorts Says Hackers Stole Employee Data

Wynn Resorts on Tuesday said hackers had obtained employee data and that the company was investigating the breach. Michael Weaver, Wynn’s chief communications officer, said in an email Tuesday that the company learned that “an unauthorized third party acquired certain …

25 02, 2026

AI Lost Out to Traditional Models in Forecasting NYC’s Blizzard

By | February 25th, 2026|Uncategorized|Comments Off on AI Lost Out to Traditional Models in Forecasting NYC’s Blizzard

Two days before New York’s biggest snowstorm in a decade began, forecasters were still unsure how much snow would fall. One traditional US model had consistently predicted a major hit, while newer artificial intelligence systems weren’t so certain. The long-running …

26 02, 2026

Judge Dismisses Ex-Commissioner’s Lawsuit Alleging ‘Systemic Corruption’ in NYPD

By | February 26th, 2026|Uncategorized|Comments Off on Judge Dismisses Ex-Commissioner’s Lawsuit Alleging ‘Systemic Corruption’ in NYPD

A federal judge has dismissed a lawsuit filed by New York City’s former interim police commissioner that accused the previous mayor, Eric Adams, and his top deputies of operating the New York Police Department (NYPD) as a “criminal enterprise.” The …