Some software-as-service vendors are holding insurance companies on a tight leash, charging them huge annual fees for upgrades and for the privilege of accessing their own data, according to an insurance executive and a tech company owner who spoke at …
New changes to FEMA’s flood maps means that thousands more residential properties are now located within the high-risk Special Flood Hazard Area (SFHA), according to a Cotality alert. Within more than 100 communities across 12 states, homeowners must comply with …
U.S. President Donald Trump said in a social media post on Saturday that he plans to appoint a new artificial intelligence adviser, known as an “AI czar,” and create an “AI force,” though he did not provide details about either …
French life insurer CNP Assurances SA is exploring a potential takeover of Coface SA, people with knowledge of the matter said. CNP, which is owned by state-backed La Banque Postale, is working on an offer for the credit insurer, said …
Insurance Australia Group Ltd. said a settlement of proceedings brought by Credit Suisse entities over Greensill trade credit insurance policies hasn’t been finalized. “IAG does not comment on confidential discussions between parties to litigation, however a settlement has not been …
A strengthening El Niño is stirring up a dangerous mix of typhoons and hurricanes across the Pacific, fueling storms that have killed hundreds, disrupted trade and caused billions of dollars in damage. Across the western Pacific, that burst of activity …
Mosaic Insurance, the Bermuda-based insurer, launched a digital underwriting system designed to quickly bring complex specialty products to the small and midsize enterprise (SME) market. The AI-powered initiative, called HALO, combines broker trading activity, underwriting decisions, and portfolio outcomes in …
Companies using artificial intelligence are adding more jobs than those that aren’t, but those gains sharply favor senior employees over junior workers, according to a new study spanning 41 countries. The number of employees in senior positions rose by 6.7% …
New York is upgrading its statewide system that helps communities better understand and predict flooding so that they can reduce the associated risks. FloodSafe NY is a partnership between the state’s Department of Environmental Conservation (DEC) and the U.S. Geological …
Banks under pressure from European regulators to manage extreme weather risks are bumping up against client data-privacy barriers that are complicating efforts to guard against losses. In countries at the epicenter of Europe’s latest heat waves, banks are now privately …