INSURANCE NEWS
Microsoft Agrees to Union Contract Terms Governing Its Use of AI
Microsoft Corp. has agreed to union contract language governing its use of artificial intelligence, creating an avenue for workers to challenge how it deploys the evolving technology. As part of negotiations with the Communications Workers of America – the first …
People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down
This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s. A summary of these new hires follows here. Papanikolaou to Succeed Mueller as CEO of AGCS, also Leading Allianz Commercial Allianz Global …
US Commercial Lines Survey Results Show Aggregate Increase of 6.1% in Q3: WTW
U.S. commercial insurance prices increased 6.1% in the third quarter, maintaining an upward trend. According to the latest results from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), carriers in the third quarter reported another aggregate commercial price change that remained …
China Offers Insurance to Rubber Producers to Encourage Higher Output
China’s government said on Monday it has started offering insurance for natural rubber producers, to encourage higher output and increase the country’s self-sufficiency rate in producing the latex used to make tires. The scheme for producers in Hainan and Yunnan …
Defense Expert at New York Trump Trial Testifies He Sees No Evidence of Fraud
Former President Donald Trump returned to his civil fraud trial last Thursday to spotlight his defense, renewing his complaints that the case is baseless and heaping praise on an accounting professor`s testimony that backed him up. With testimony winding down …
$20M Suit Blames Overtime, Years of Jail Work fof Los Angeles County Deputy’s Suicide
The family of a Los Angeles County sheriff`s deputy who killed himself has filed a $20 million wrongful-death claim against the county, blaming years of working in jails and mandatory overtime for his depression. The claim was filed Thursday by …
Africa Specialty Risks Gets ‘In Principle’ Approval to Launch Syndicate in 2024
Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has received “in-principle” approval to launch a Lloyd’s syndicate in 2024. The syndicate will be launched in partnership with insurance group Apollo Syndicate Management, which provides third party managing agency services. …
Consumer Agency Warns about Danger of Small Magnetic Balls in Toys
The U.S. Consumer Product Safety Commission is warning about the danger of high-powered, pea-sized magnets found in toys, announcing one company`s recall of a set containing them and saying it was aware of seven deaths linked to their ingestion. The …
Maury, Donnelly & Parr Acquires Maryland Agency
Baltimore-based insurance agency Maury, Donnelly & Parr, Inc. has acquired another Maryland agency, Wetzel & Lanzi, Inc. Wetzel & Lanzi is a family-owned, independent insurance agency located in Lutherville-Timonium. Since 1974, W&L has offered personal insurance coverage as well as …
West Virginia Appeals Court Reverses $7M Jury Award in Ford Fatality Lawsuit
An appeals court in West Virginia on Friday reversed a $7 million award in a product liability lawsuit against the Ford Motor Co. to the family of a woman who died when her Ford Mustang was involved in a fiery …
Trump Allies Attack Corporate ‘Bigotry’ Against White Men
One complaint accuses Macy’s Inc. of discriminating against White men. Another levels that allegation against BlackRock Inc. A third points a finger at, of all things, NASCAR – a largely White sport where Confederate flags were prevalent until they were …
New York Fines Dental Insurer $400K Over Data Breach
New York Attorney General Letitia James today secured $400,000 from dental insurance provider Healthplex, Inc. for failing to properly protect the personal and medical information of New Yorkers. Healthplex, a Long Island-based company, had inadequate data security practices that made …