Insurance

Mind Foundry Ltd., an artificial intelligence startup vying to help insurers decide which drivers should be covered, has raised $22 million in funding, the latest sign of growing demand to deploy AI in critical sectors where there’s little room for …

Charlotte Hedemark became president of the Federation of European Risk Management Associations (FERMA) on Oct. 16 at an official handover ceremony at the FERMA Seminar 2023 in Antwerp, Belgium. She replaces Dirk Wegener, who was president for four years. In …

The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations. The overall default rate on UK commercial real estate debt reached 4% in …

The number of rated property/casualty personal lines insurers that had their credit ratings downgraded by AM Best more than doubled to 21 in the first-half of 2023, compared to 10 in first-half 2022. Additional downgrades of 10 commercial insurers and …

“Yesterday was my son’s 12th birthday but he didn’t spend it unwrapping presents or gorging on ice cream and cake. Most of our evening was spent solemnly observing unspeakable horror and devastation as the events of September 11, 2001 unfolded.” …

Stuart Anderson, who played linebacker for the National Football League’s Washington Redskins (now known as the Washington Commanders) in the mid-1980s, has lost his bid to collect workers’ compensation medical benefits. Anderson filed clams in 2018 and 2019 seeking benefits …

The mother-and-daughter owners of a California home day care were arrested after two children drowned in the backyard pool earlier this month, authorities said. The two 1-year-olds died Oct. 2 while at Happy Happy Daycare in the Almaden neighborhood of …

Fatigue and complacency led to a passenger and car ferry crashing into a terminal in Seattle last year, causing $10.3 million in damage to the ferry, according to the National Transportation Safety Board’s final report. The Cathlamet ferry departed Vashon …

The US is pushing a group of governments to publicly commit to not make ransom payments to hackers ahead of an annual meeting of more than 45 nations in Washington later this month. Anne Neuberger, deputy national security adviser, told …

Newfront Adds Todd Burns and Lee Sheppard in Texas Newfront, a tech-driven insurance brokerage firm based in San Francisco, has expanded its footprint with strategic additions in Austin, Texas. Todd Burns joins as Senior Vice President and Austin Market Leader, …