Insurance
Markets/Coverages: ATA Launches $750M Insurance Facility for AI Infrastructure Boom
Advanced Technology Assurance Ltd. (ATA), the London-based managing general underwriter, has launched a $750 million insurance facility to underwrite the projected $7 trillion global AI infrastructure boom. The ATA Global Data Center & AI Infrastructure Insurance facility launches with backing …
Read More Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit
A federal judge has ordered coal companies owned by the family of U.S. Sen. Jim Justice to cough up more than $1 million in unpaid workers’ compensation premiums owed to a Liberty Mutual company—five years after an audit showed the …
Read More Markets/Coverages: FM Bumps Up Limits for Data Centers to $5B
Commercial property insurer FM announced a significant increase in capacity to support its global FM Intellium clients and the data and power generation ecosystem. FM can now provide up to $5 billion in capacity for the growing data-center industry. FM …
Read More Iowa Landlord to Pay $325K Settlement in Sexual Harassment Lawsuit
The Justice Department announced that the owner and property manager of residential rental properties in Davenport, Iowa, have agreed to pay $325,000 to resolve a lawsuit alleging that the property manager sexually harassed female tenants in violation of the Fair …
Read More California Wants to Mix Hydrogen With Gas to Cut Pollution. Critics Say That Poses Risks
Alma Figueroa began to worry when she learned that her gas provider wanted to test a controversial solution to curb global warming: blend hydrogen with natural gas to power her stove and other appliances. Figueroa, who has asthma and recently …
Read More APCIA Backs Federal Bill to Require Litigation Funding Disclosure
The American Property Casualty Insurance Association (APCIA) has released a statement in support of federal legislation, up for committee discussion today, that is meant to increase the transparency of third-party financers in litigation. The Protecting Third Party Litigation Funding From …
Read More People Moves: Chaucer Taps Carpenter’s Loh as CEO Singapore; Price Forbes Singapore Names Carpenter’s Heath as Head of Reinsurance and Wholesale
This edition of International People Moves details appointments at Chaucer Group and Price Forbes Singapore. A summary of these new hires follows here. Chaucer Taps Carpenter’s Loh as CEO Singapore, AXA XL’s Bryan to Lead Reinsurance APAC Chaucer Group, the …
Read More Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS
A service door that might have offered a second escape route at the Swiss bar where a deadly fire claimed 40 lives on New Year’s Eve was locked at the time of the incident, one of the managers told Swiss …
Read More Markets/Coverages: BHSI Expands Casualty Lines in Italy
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of primary casualty policies for national and multinational risks in Italy. “We are pleased to launch our modular, proprietary primary casualty solution, expressly designed to meet our customers’ need for simplicity, clarity …
Read More Factbox: Elon Musk’s Grok Faces Global Scrutiny for Sexualized AI Deepfakes
Governments and regulators from Europe to Asia are cracking down on sexually explicit content generated by Elon Musk’s xAI chatbot Grok on X, launching probes, imposing bans and demanding safeguards, in a growing global push to curb illegal material. Here …
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