Insurance products and industry updates
CFC has updated its insurance offerings to include explicit coverage for emerging AI risks and enhance clarity for policyholders and brokers.
A significant 71% of retailers incurred unexpected compliance costs after BFCM, jeopardizing growth plans and highlighting the need for better operational preparedness.
King Charles III has paid over £30 million in taxes since becoming king, emphasizing the Royal Household's commitment to financial transparency.
Neil Krauter Sr. has been appointed as the executive managing director for Brown & Brown’s retail segment, focusing on growth and talent acquisition.
Creditor trust targets Thai Union, claiming it contributed to Red Lobster's financial woes through aggressive shrimp pricing and promotional tactics.
California’s Workers’ Compensation Appeals Board disqualified a judge over violations of due process and bias while ruling on settlement cases.
Neptune Insurance Holdings has boosted its flood coverage limits to $15 million and expanded business interruption options, reflecting market responsiveness.
Recent earthquakes in Venezuela may result in economic damages exceeding $10 billion, according to the U.S. Geological Survey, while recovery efforts commence.
Goldman Sachs forecasts a 10% to 15% drop in risk-adjusted reinsurance rates in Australia for the upcoming July renewals.
A record heatwave in France has left more than 100,000 customers without power as temperatures are projected to peak at 108 degrees.
Despite increasing claims costs and economic pressures, Asia-Pacific insurers are projected to deliver stable results this year, according to Fitch Ratings.
Asia-Pacific manufacturers are increasingly exposed to uninsured cyber risks, with potential disruption impacting the broader industry landscape.
Oman has officially dismissed claims of implementing tolls for maritime traffic in the Strait of Hormuz, countering Iran's earlier statements.
Axa XL has elevated Nicoletta George to Global Chief Underwriting Officer, enhancing its strategic leadership in general liability underwriting.
A recent study reveals that Massachusetts families face a heavier tax burden than those in states like North Carolina, demanding urgent tax reforms.
Prudential has filed a lawsuit against AIG and five insurers over a protracted $300 million claim related to its Assurance IQ acquisition.
Idaho Republicans aim to eliminate property taxes, labeling them unjust and advocating for alternative revenue, igniting significant fiscal discussions statewide.
The current grid connection process in the U.S. is inefficient; auction mechanisms could expedite connections and better balance supply and demand.
Aaron Levie discusses the emerging de facto regulation of AI and its potential impacts on innovation and global AI strategy.
More than 2 billion people participate annually in Ramadan fasting, making its potential effects on cognitive performance important for workplaces, education and high-stakes decision-making. We study ...