Jon Hancock, CEO of General Insurance at American International Group (AIG), will retire at the end of the year. The announcement is the newest change for AIG’s C-suite, which experienced a shake-up leading to Hancock’s latest role with the company. …
Beazley Confirms Affirmative AI Cyber Cover Beazley on Sept. 17 confirmed affirmative artificial intelligence cover in its cyber and tech E&O policies. As businesses adopt AI and cyber criminals increasingly use it to magnify the scale and speed of their …
Morgan & Morgan, which has called itself the largest U.S. injury law firm with offices in all states, plans to spend $1 billion on artificial intelligence and other legal technology over the next decade. It already has spent $300 million …
EPIC Insurance Brokers & Consultants has acquired Korotkin Insurance Group, a fifth-generation independent brokerage with over a century of operational history in Michigan. KIG brings a strong regional presence and specialized expertise across multiple industries and client segments to EPIC’s …
Alliant Insurance Services has hired Jennifer Bryant as senior vice president within its employee benefits group, based in Dallas, Texas. Bryant will work with employers to develop strategic health and welfare solutions while building long-term relationships and connecting clients with …
Zillow Group Inc. lost its bid to force Illinois’ largest provider of real estate listings to provide access to its data about homes for sale. US District Judge John Tharp Jr. in Chicago dissolved a previous order that required Midwest …
ExxonMobil Holdings Corp. won approval for its Rose carbon-capture project in Texas, allowing the company to move ahead with the emission-reducing development that could be among the biggest of its kind. The Railroad Commission of Texas, the state’s primary oil …
Federal legislation to extend the Terrorism Risk Insurance Act will head to the full Senate after unanimously getting a nod from the Senate Banking Committee. The committee on Sept. 17 voted 24-0 to advance S. 4395, the Terrorism Risk Insurance …
The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures …
Severe weather disruptions will amplify food security risks in Asia, potentially triggering civil unrest and political instability in vulnerable countries such as India, Indonesia and the Philippines, according to consultancy Verisk Maplecroft. The warning comes as the war in Iran …