With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intelligence, …
Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. The offer, an increase from the …
AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial officer, effective October 21. Walsh, based in New York, will lead …
Deer Park, Texas, police confirmed that human remains were recovered from a vehicle that crashed into a natural gas liquids pipeline Monday, triggering a fire that continues to burn. “Medical examiners will now begin working through their identification process, which …
ST. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. Louis’ Cathedral Basilica, badly damaging it, police said. It wasn’t immediately clear whether the …
Thousands of pagers and other devices exploding in Lebanon this week mark a new and deadly escalation in the use of supply chains against adversaries, giving new urgency to global leaders’ drive to reduce their dependence on technologies from rivals. …
Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first country in the region since COVID-19 to pull its budget deficit firmly below the 3% of GDP cap set …
The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report. To combat underwriting losses and …
Two insurers have settled their dispute over coverage for an employee of the touring company for the musical “Cats” who was seriously injured on the set at a Providence theater in 2019. The Providence Performing Arts Center (PPAC) employee was …
Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S platform offering property/casualty coverages for targeted segments. Products …