Aggregator

Chubb on Wednesday announced the debut of a new artificial intelligence-powered optimization engine within Chubb Studio, its global technology platform for embedded insurance distribution partnerships. The new capability uses proprietary AI to analyze data and deliver personalized insurance offerings at …

This edition of International People Moves details appointments at insurer Markel International and broker Lockton Re. A summary of these new hires follows here. Markel International Promotes Davies as MD of Newly Created London Mkt Business Markel Insurance, the insurance …

British insurer on Thursday set itself new financial targets including nearly doubling cost savings from its combination with Direct Line, as CEO Amanda Blanc looks to convince investors the enlarged firm can deliver. The company said it would target growth …

Zurich Insurance Group AG has selected Australia as the first market for its private credit strategy in Asia-Pacific, awarding a $170 million mandate as it seeks opportunities to invest in local assets. The insurer assigned the mandate to an Australia-based …

ShoreOne Insurance Managers, Inc. has officially launched its residential homeowners policy with full flood insurance protection in Rhode Island. This coverage combines both home and flood insurance under one policy—with one deductible and one claims process. The product, already available …

Australia’s corporate regulator is threatening more aggressive legal action against private credit funds that fail to protect investors, as the A$200 billion ($131 billion) industry continues to expand. The Australian Securities & Investment Commission’s deputy chair, Sarah Court, will announce …

Multiple Oklahoma pharmacies have agreed to pay $157,000 to settle allegations that they billed the Oklahoma Medicaid Program, SoonerCare, for hundreds of unauthorized over-the-counter COVID-19 tests. Apothecary Pharmacy, Cornwell Pharmacy, Cushing Family Pharmacy, R.T.’s Family Discount Pharmacy, Foster Corner Drug, …

As London struggles to adapt to the reality of more frequent and powerful floods, its wealthier corners are emerging as some of the most at risk. Last month in the affluent London neighborhood of South Hampstead, homeowners packed a community …

In the summer, the board in mostly rural Niles Township gave a preliminary OK to 21 cannabis stores along one road currently dotted with businesses and surrounded by farmland. On Tuesday, Nov. 4, voters rejected them all. Nearly 6 in …

The operators of Camp Mystic in Texas, where 25 girls and two teenage counselors died in catastrophic flooding on July 4, failed to take necessary steps to protect the campers as life-threatening floodwaters approached, families of the victims allege in …

The tech industry is moving fast and breaking things again — and this time it is humanity’s shared reality and control of our likeness before and after death — thanks to artificial intelligence image-generation platforms like OpenAI’s Sora 2. The …

Generali said on Wednesday it had appointed the head of its insurance business Giulio Terzariol as group deputy chief executive, weeks after investors critical of CEO Philippe Donnet boosted their influence at Italy’s biggest insurance company. Terzariol’s appointment is Donnet’s …

Burns & Wilcox, headquartered in Farmington Hills, Michigan, hired new leaders for the company’s offices in Atlanta, Georgia; Baltimore, Maryland; and Minneapolis, Minnesota. Scott Kiser was named managing director, Atlanta. Kiser joins Burns & Wilcox from Oakbridge Insurance Agency, where …

Meta Platforms Inc. is spending more than $1 billion to build a data center in Wisconsin that will power artificial intelligence work, its latest investment in the infrastructure needed for the fast-moving AI race. The 700,000 square-foot data center will …

China’s cybersecurity agency accused the American government of orchestrating the theft of about $13 billion worth of Bitcoin, representing China’s most recent attempt to attribute major cyberattacks to the US. The theft of the 127,272 Bitcoin tokens from the LuBian …

Iceland has designated the potential collapse of a major Atlantic Ocean current system a national security concern and an existential threat, enabling its government to strategize for worst-case scenarios, the country’s climate minister told Reuters. The Atlantic Meridional Overturning Circulation, …

Amazon.com was sued on Wednesday in a proposed class action saying the retailer subjects thousands of warehouse employees with disabilities to a “punitive” policy governing workplace absences. Amazon, the largest private-sector U.S. employer behind Walmart, was accused of docking unpaid …

Pollen Street Group Ltd. has begun preparing an initial public offering for UK insurer Markerstudy, according to people familiar with the matter. The buyout firm has started early discussions with investment banks about the potential listing, the people said, asking …

A few years ago, in the early 2020s, it was not unusual to hear about or even see roofing workers in Florida deliberately manipulating roof shingles to make it appear that the roof was damaged by storm winds. I saw …

A weather forecasting organization is offering up five reasons why the U.S. wasn’t hit by a hurricane this season, despite forecasts that called for an above normal Atlantic hurricane season with numerous anticipated landfalls. It will be the first Atlantic …