Alliant Insurance Services has named Burney Hutchinson, of Jackson, Mississippi, vice president for its Americas Division. Hutchinson, who will design property and casualty insurance programs, has extensive experience in the industry, including commercial coverage for large accounts in the Southeast, …
The U.S. Food and Drug Administration (FDA) on Wednesday classified the recall of Philips’ medical imaging devices as most serious as their use could cause serious injuries or death. The Dutch medical devices maker started the process on Nov. 30 …
As sea levels rise in coming years, younger people will move inland, while aging populations will be stuck with the growing risk in coastal areas, a Florida State University professor and researchers have concluded. “Older populations are the least likely …
Investigations of cases where artificial intelligence (AI) is used to break the law will be streamlined under a new process approved by the U.S. Federal Trade Commission, the agency said on Tuesday. The move, along with other actions, highlights the …
The hack of the U.S. Securities and Exchange Commission’s X account earlier this week is shining a light on an uncomfortable truth: Cybersecurity measures at Wall Street’s chief regulator have repeatedly been found to be lacking. The agency wasn’t fully …
In an era of heightened climate risks and evolving insurance dynamics, the traditional insurance model faces a conundrum. Insurers find themselves grappling with the aftermath of more frequent and severe storms, and struggling to collect adequate premiums while navigating stringent …
California lawmakers who want to ban tackle football for kids under 12 to reduce brain injuries gained ground this week in the Legislature but still face a very long field and a clock that is ticking. Though it was a …
The UK and Switzerland signed an agreement to recognize each other’s laws and regulations in financial services, easing post-Brexit market access for firms including banks, insurers and asset managers. Chancellor of the Exchequer Jeremy Hunt and his Swiss counterpart Karin …
An avalanche roared through a section of expert trails at a California ski resort near Lake Tahoe on Wednesday, sweeping up four people and killing one, as a major storm with snow and gusty winds moved into the region, authorities …
Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd. and minority shareholders. Terms of the transaction were not disclosed. Founded in 2014, Castel …