Insurance

Aon said it has expanded the capacity available in it Data Center Lifecycle Insurance Program from $1 billion to $2.5 billion. The expansion responds to accelerating global investment in cloud computing, artificial intelligence and digital infrastructure and increasing complexity of …

Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter. The IPO, which may include a …

The Trump administration on Tuesday proposed a rule revising Biden-era pollution protections for waterways, a move the Environmental Protection Agency said would speed permitting of energy and artificial intelligence infrastructure. The proposed rule concerns the 2023 finalization by the administration …

While severe collisions declined last year, many factors influence commercial driving behavior. Though seasonal changes and distractions are expected, geopolitical factors add to less predictable freight patterns, shifting driving hazards inland. Utilizing commercial drivers’ dashcam data in the U.S., Mexico, …

Two independent claims adjusters in the Southeast have teamed up to create what they say is a quick, low-cost way for property owners to double-check insurance carriers’ damage estimates on claims. They’re calling it “CarFax for property insurance claims,” referring …

In California, historically, when a plaintiff filed a personal injury action relating to their own injuries and then died mid-litigation and the case was converted to a wrongful death action, the value of the case was viewed as substantially diminished. …

Oklahoma homeowners can now apply for grants of up to $10,000 to upgrade to storm-resistant Fortified roofs. The Oklahoma Insurance Department opened statewide applications for its Strengthen Oklahoma Homes (SOH) Grant Program on Monday, Jan. 12. The statewide expansion follows …

Managing general agency United Risk said it has an agreement to buy DUAL North America’s crisis management program, with its underwriting and claims teams. The unit will be renamed First Product Protection, serving as an independent division of New York-based …

With litigation and regulation still a major part of the property-casualty insurance business, a national law firm and a state regulator have named attorneys to leadership roles. Marshall Dennehey, with offices in seven Eastern U.S. states, announced that Florida-based insurance …

Human errors and track defects caused more than 3,000 rail accidents over the last decade, killing 23 people and injuring nearly 1,200. Yet federal railroad regulators failed to implement most of the safety recommendations that emerged from accident investigations. That’s …