Insurance

Britain’s financial regulator has been urged to consider regulation of large language models such as ChatGPT, Claude and Gemini because of their growing influence on consumer financial decisions. In a review commissioned by the Financial Conduct Authority and published on …

New Zealand’s flood-prone homes are outperforming the rest of the country’s moribund housing market, as buyers chase lower prices and shrug off climate risks. Properties facing the highest flood risk have gained 26.1% in value since January 2020, compared with …

Insurance Journal’s Risky Future series is hosting the “AI Tools for Underwriting” Demo Day, a series of free AI tool demonstrations designed exclusively for Carriers, MGAs, Specialty Program Leaders, and of course, Underwriters and Claims professionals. This event spotlights AI …

Microsoft is cutting about 2.1% of its workforce, or roughly 4,800 jobs, the latest in a wave of tech layoffs as the Windows maker spends heavily on AI infrastructure and uses the technology to improve efficiency across its business. Big …

The Trump administration is stepping up its efforts to cut red tape across the federal government, releasing a regulatory plan that would eliminate 702 existing administrative rules. The reductions published on Friday set a record for the number of deregulatory …

A Mississippi family whose 1-year-old child was killed when police fired into a moving car offered evidence Wednesday that they say challenges the officers’ account of being in danger when one opened fire. A preliminary autopsy requested by the family …

Marshall+Sterling, the large, New York-headquartered insurance brokerage, has expanded its south Florida operations with a new office in Fort Lauderdale, the company announced. The firm, now with 22 locales around the country, already has an office in Wellington, Florida, near …

A Walcott, Iowa insurance agent has been charged with over 20 felonies for allegedly opening insurance policies under the names of family who had no knowledge that the polices were taken out, the Iowa Insurance Division announced. Stanly Blythe, 61, …

Three people died and seven others were rescued Friday after a boat capsized in Geneva Lake as a strong storm passed through southern Wisconsin, an official said. Many injuries were reported in Wisconsin’s Walworth County after the storm toppled trees, …

Shepherd Insurance announced the appointment of Collin Hill as the company’s first-ever chief information officer (CIO), a new leadership role created to support Shepherd’s continued growth and commitment to operational excellence. Hill brings more than two decades of technology and …