Artificial intelligence will not change the risk a company faces, only the amount, so risk managers should be proactive in assessing how the technology aligns with an organization’s risk management strategy, industry experts said Monday.

A federal judge in Missouri ruled Monday that a former San Diego-based broker for Lockton Cos. LLC who joined rival Alliant Insurance Services Inc. breached the terms of her contract that required employment disputes to be heard in Missouri rather than California, which is seen as a jurisdiction more favorable to plaintiffs in employment suits.

Axa XL, a unit of France’s Axa SA, Monday introduced a cyber insurance endorsement providing public companies with dedicated coverage to address the costs associated with updated U.S. Securities and Exchange Commission reporting compliance obligations following a cyber incident.

Acrisure LLC Tuesday said it has made two acquisitions in the U.K., Financial and Credit Insurance Services Ltd. and Global Broking Solutions Ltd.

The U.S. Occupational Safety and Health Administration on Monday said it cited a commercial baking company after a worker suffered “disabling injuries” at a Sun Prairie, Wisconsin, plant in October 2023.

The U.S. Occupational Safety and Health Administration said Tuesday that it cited a Missouri roofing contractor after inspectors found employees exposed to fall hazards five times in seven weeks.

Truist Financial Corp. said Tuesday that it has completed the sale of its remaining 80% stake in Truist Insurance Holdings to an investor group led by private equity firms Stone Point Capital LLC and Clayton, Dubilier & Rice LLC.

Massachusetts's highest court on Monday weighed whether ballot proposals that would redefine the relationship between app-based companies such as Uber Technologies and Lyft and their drivers should be allowed to go before voters in November.

An overseer of workers compensation for the large grocery chain Wegmans Food Markets said AI, which typically stands for “artificial intelligence,” translates into “assisted intelligence” for his company, which saw litigation rates go from 40% to 22% among workers in high-risk distribution centers thanks to insurtech products put to work in recent years.

The 2024 Riskworld annual conference and exhibition is taking place May 5-8 in San Diego. View our photo gallery from the second day.

The pause on the implementation of the Federal Trade Commission’s rule banning future use of noncompete agreements for certain employees gives companies time to reassess post-employment restrictive covenants, experts say.

Alex Glickman is Los Angeles-based senior managing director, global practice leader, real estate and hospitality, at Arthur J. Gallagher & Co. She has led Gallagher’s real estate and hospitality practice since 2001. Ms. Glickman spoke with Business Insurance deputy editor Claire Wilkinson about property insurance market conditions.

The best way for companies to defend against the threat of a nuclear verdict is to break away from the idea of not discussing damages in front of jurors, an industry expert said.

The Ontario chapter of the Risk & Insurance Management Society Inc. was presented with the society’s first diversity, equity and inclusion award during the awards luncheon at Riskworld on Monday.

Underground climate change is an emerging risk, and building owners should review their commercial property policies to determine whether coverage would respond to losses, a policyholder attorney said Monday.

Coming to an insurance renewal near you: “PFAS exclusions.” So predicts Joseph Saka, Washington D.C.-based partner at Nossaman LLP, which represents businesses in insurance disputes over covering historic and current damages over so-called forever chemicals, also known as PFAS, an abbreviation for perfluoroalkyl and polyfluoroalkyl substances.

Stricter technical standards, such as age limits on freight cars, and more stringent reconditioning standards are critical to ensuring rail safety, an industry expert said Monday.

The checks-in-boxes and fill-in-the-blanks of an insurance application shouldn’t replace market meeting presentations for risk managers intent on showing underwriters their company’s unique risk profile, according to Heidi Horn, Middleville, Michigan-based risk management adviser at Hastings Point Solutions LLC.

Companies seeking to avoid tapping into their own insurance to cover risks when undertaking projects with other parties have options that can shift indemnity and protect against eroding defense costs, a policyholder expert said.

Everest Insurance Co., the insurance division of Everest Group Ltd., Monday named four U.S. regional executives to its North America insurance leadership team as part of a strategic realignment of its retail business into Northeast, South, Central and West regions.