Insurance Journal’s Risky Future series is hosting the winter edition of “AI Tools for MGAs” Winter Edition Demo Day, a series of free AI tool demonstrations designed exclusively for managing general agencies, wholesalers, program administrators, and specialty carriers. In partnership …
Anthony Roofing Tecta America LLC, an Aurora, Illinois-based roofing company, will pay $700,000 and furnish other relief to settle a race and sex harassment lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC …
South Carolina authorities have charged multiple people with insurance fraud, including two who allegedly staged an auto accident and filed a $223,000 claim with Enterprise Rent-A-Car. Courtney Harris, 34, of Midlands, was arrested Thursday, Nov. 5, after investigators found that …
The next stop in Allstate’s journey with artificial intelligence – a personal agentic assistant for consumers. CEO Tom Wilson revealed that customers could expect an Allstate PAA early in 2027. He said the PAA has been in development for more …
Tesla Inc. is discontinuing the Cybertruck, the polarizing pickup that turned plenty of heads in its brief time on the market but never sold anywhere near Elon Musk’s lofty predictions. Production will wind down at Tesla’s Texas plant in the …
British drugmaker GSK has settled lawsuits that accused Moderna’s COVID-19 vaccines Spikevax and mNEXSPIKE and RSV shot mResvia of infringing its patents, the companies said on Friday. Moderna said in a Friday press release that it settled GSK’s patent litigation …
Liberty Mutual Investments, the investment firm for Liberty Mutual Group, said it has provided debt financing to Synergy Pet Group to support the company’s continued pet services and technology expansion. Synergy Pet Group, based in Lakewood, New Jersey, is backed …
Last week’s $6.3 billion Binance heist is prompting insurers to scrutinize crypto companies’ security more closely, with underwriters expected to probe if clients are vulnerable to a similar attack when they seek new coverage or renew existing policies, industry insiders …
The U.S. National Highway Traffic Safety Administration said on Monday it had opened a recall query into 2,895 vehicles operated by Alphabet’s self-driving unit Waymo over continued traffic safety violations involving the vehicles’ behavior when encountering school buses. The probe …
Investors involved in a class action lawsuit over the 2023 collapse of Silicon Valley Bank (SVB) have reached a $224.5 million settlement with external auditor KPMG LLP, Norway’s sovereign wealth fund said on Friday. KPMG said the settlement was not …