INSURANCE NEWS
Stolen Renoir, Cézanne and Matisse Were Probably Uninsured, Market Sources Say
Three paintings by French masters Pierre-Auguste Renoir, Paul Cézanne and Henri Matisse stolen from a museum in northern Italy last week were probably not insured, according to market sources. One fine art underwriter told the Reuters publication The Insurer that …
UK Motor Finance Scandal to Cost Lenders $12 Billion
The motor finance industry must pay around 9.1 billion pounds ($12 billion) to compensate UK motorists for unfair vehicle loans under the market regulator’s trimmed, final bill for one of Britain’s costliest financial mis-selling scandals. The headline number, unveiled by …
Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth
In recent days, the operator of an oil tanker stuck in the Persian Gulf received a compelling proposal. After weeks at anchor with missiles and drones passing overhead, it could finally sail safely out through the Strait of Hormuz and …
Hopes Dim for Swift End to Iran War After Trump Speech, Oil Prices Surge
Hopes for a swift end to the Middle East war faded on Thursday after U.S. President Donald Trump vowed more aggressive strikes on Iran, disappointing investors hoping for clearer signals of a way out of the month-long conflict. Stocks slid, …
Meet the New AI Coworker Who Won’t Stop Snitching to Your Boss
The Slack messages began arriving at 5:47 a.m. on a recent Monday. Three sales proposals had gone out the previous week and none of the team members had scheduled follow-ups. The reminders were crisp, professional and relentless — and they …
People Moves: Kalepa Appoints Howell as Head of Product
Kalepa, headquartered in New York City, appointed Audrey Howell as head of product. Howell will lead Kalepa’s product vision and strategy, driving innovation and AI advancements across the platform. Howell has over a decade of product leadership experience building technology …
Baidu Robotaxis Freeze Mid-Ride in Wuhan, Trap Passengers
A number of Baidu Inc.’s Apollo Go robotaxis suddenly stopped on the streets of China’s Wuhan city on Tuesday, trapping passengers in vehicles and raising concerns about the safety and reliability of autonomous driving technology. Wuhan police received multiple reports …
Perplexity AI Machine Accused of Sharing Data With Meta, Google
Perplexity AI Inc. was accused in a lawsuit of surreptitiously sharing the personal information of its users with Meta Platforms Inc. and Alphabet Inc.’s Google in violation of California privacy laws. As soon as users log into Perplexity’s home page, …
EPA Watchdog Finds Nation’s Most Toxic Are Vulnerable to Flooding, Wildfires
About 100 of the nation’s most contaminated toxic waste sites are in areas prone to flooding and wildfires, a potential public health threat to millions of Americans in surrounding communities, the internal watchdog at the U.S. Environmental Protection Agency has …
Viewpoint: Why Brokers Struggle to Navigate Data Complexity and What to Do About It
The insurance industry relies on data to assess and price risks, and to develop products that meet policyholders’ needs. Insurance agencies and brokerages collect data about customers and their risks, and this data in turn is exchanged with underwriters to …
Elon Musk Must Face Class Action Over Late Disclosure of Twitter Stake, Judge Rules
A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial investment in the social media company may pursue their case as a class action. The decision …
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments
A Florida public adjuster, already facing prosecution for similar alleged misappropriation in 2024, now stands accused of diverting more than $600,000 in insurance settlements for homeowners hit by Hurricane Ian. Francisco Javier Chaparro-Araus, 46, of All Elements Public Adjusters in …