The New Jersey Department of Banking and Insurance has ordered GEICO to return more than $10.5 million in wrongfully-charged premium back to policyholders. The department also issued a penalty of $1.2 million to GEICO and its affiliates for improper business …
South Korea’s financial industry was hit by a second wave of cyberattacks in about a month as a series of breaches across Asia heightens concerns that artificial intelligence is making large-scale hacking easier. Financial Supervisory Service Governor Lee Chan-jin said …
The US military said vessels that have no need to move between ports in the Gulf of Oman and the Strait of Hormuz should stay away, as tensions ratchet up in the region. “Due to the current geopolitical situation, vessels …
Two teenage plaintiffs who say social media caused them to develop serious mental health problems will take Meta Platforms and Snap to trial in Los Angeles on Oct. 28 in the latest test of claims raised in thousands of US …
The U.S. domestic cyber insurance market has nearly tripled in size since 2020, with endorsement policies accounting for the largest share of policy counts relative to premium. The observations come from a new report generated by the National Association of …
Customer satisfaction with total loss auto insurance claims fell for a third straight year, while satisfaction improved for claims involving repairable vehicles, a new study looking at this year shows. Customer satisfaction with total loss claims fell 12 points on …
Third quarter 2026 net income at The Hartford increased 23% to about $1.3 billion. Property/casualty pretax catastrophe losses for the quarter were $198 million compared with $70 million during the same quarter a year ago The Hartford said most losses …
Attorney General Ken Paxton is suing OpenAI, the maker of ChatGPT, for allegedly deceiving and harming Texans. This is the latest in a flurry of lawsuits filed against Big Tech companies and private corporations by the state’s top lawyer, who …
In a deep, dark part of the Gulf of Mexico, the number of marine animals plummeted by about 60% in the years following the 2010 Deepwater Horizon explosion, a new study found. In a crucial part of the Gulf between …
CM Vantage has appointed Amy Finnegan as managing director, casualty, bringing excess and surplus lines expertise and leadership to its underwriting organization. In her new role, Finnegan will lead casualty underwriting strategy and help drive profitable growth while working closely …