INSURANCE NEWS
Iran’s Floating Oil Hoard Swells as Major Buyers Stay Away
A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day window granted by Washington. More than 20 million barrels of Iranian crude have been idling in …
Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor
Whether artificial intelligence will cause mass workforce cuts over time remains up for debate, but it is starting to leave an imprint on US employment data. A decline in payrolls in the financial-activities and information sectors — where AI adoption …
People Moves: Miller Appoints Plant Head of North American Property
Miller, an independent specialist (re)insurance broker headquartered in London, appointed Kim Plant as head of North American property. Plant joins Miller from Amwins, where he served as a director in its North American property division from 2020, where he formed …
Travelers Builds Insurance-Specific LLM
The Travelers Companies, Inc. announced this week that engineers and data scientists have developed TravelersLLM, a proprietary large language model tailored to its property/casualty business. According to a media statement released by the insurer, TravelersLLM was trained on millions of …
Florida Supreme Court Ruling Could Mean New Pressure to Settle High-Dollar Lawsuits
A lawsuit brought by the former head of Marvel Entertainment made headlines around the country last November when it resulted in a $50 million jury verdict against Isaac Perlmutter’s wealthy Palm Beach neighbor and Federal Insurance Co. But it was …
Former Auto-Owners Claims Manager in NC Charged With Fraud in His Own Claim
A longtime claims manager for Auto-Owners Insurance Co. has been charged with defrauding the company of more than $43,000. Ian V. Eisnaugle, 41, of Hendersonville, North Carolina, was charged with insurance fraud and forgery in June after he reportedly submitted …
People Moves: Everest Global Wholesale & Specialty Names 2 Key Leaders, Buonpane and Stewart; TMK Appoints Barnes as Departmental Head of Marine & Energy
This edition of International People Moves details appointments at Everest Group and Tokio Marine Kiln (TMK). A summary of these new hires follows here. Everest Global Wholesale & Specialty Names 2 Key Leaders, Buonpane and Stewart Everest Group Ltd., the …
Markets/Coverages: Zurich Launches Life Sciences Insurance Offering in Europe
Zurich Insurance Group is launching a dedicated life science insurance offering from July 2026, expanding its established U.S. capabilities across key European markets: Belgium, Denmark, France, Italy, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom. Zurich explained that the …
St. Pete Mayor Accepts $275M Bid to Redevelop Tropicana Field Area for Housing
The mayor of St. Petersburg, Florida, has accepted a $275 million bid to redevelop the Gas Plant District after the Tampa Bay Rays Major League Baseball team leaves Tropicana Field for new digs in Tampa. Florida news outlets reported that …
Missouri Restaurant Settles EEOC Sexual Harassment Lawsuit
Miller’s Grill, Inc., a Washington, Missouri restaurant, will pay monetary damages to a former employee and provide other relief to settle a sexual harassment and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. …
Missouri Restaurant to Settle EEOC Sexual Harassment Lawsuit
Miller’s Grill, Inc., a Washington, Missouri restaurant, will pay monetary damages to a former employee and provide other relief to settle a sexual harassment and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. …
Viewpoint: Music Licensing for Government and Higher Education–The Legal Risk
The organizations that ended up in music licensing disputes almost never saw it coming. They were operating on assumptions that seemed reasonable at the time. The music was available in the app, so it must be cleared. They had been …