INSURANCE NEWS

AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business

Are two AIGs better than one? In outlining the work at American International Group (AIG) to integrate generative artificial intelligence, CEO Peter Zaffino said AIG’s intent is to “create a digital twin of our business.” The “twin” will represent “all …
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1 Dead, 10 Injured, 1 Missing After US Steel Plant Explosion Near Pittsburgh

One person was killed and at least 10 others hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operating area at …
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People Moves: Chubb Promotes in Surety, Property; WTW Hires ICT Directors; HDI Global USA Names Aguiar Head of Energy & Power Underwriting

Chubb Makes Key Leadership Appointments in Surety’s Global and North America Businesses Chubb Limited, headquartered in Warren, New Jersey, named Steve Haney, vice president, Chubb Group and currently division president of North America surety and chief underwriting officer of global …
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People Moves: Coterie Insurance Names Albert and Egbert to Senior Leadership Team

Coterie Insurance, headquartered in Appleton, Wisconsin, named Mike Albert and Allan Egbert to the company’s senior leadership team as chief technology officer and chief platform officer, respectively. Albert and Egbert, the co-founders of Ask Kodiak, have advised Coterie since early …
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Helicopter Crash Kills 2 Workers Repairing Powerlines Near Mississippi River

Two people working on powerlines near the Mississippi River died Thursday when their helicopter hit the lines, crashed into a barge and sparked a fire that belched plumes of black smoke, officials said. The helicopter crew was near East Alton, …
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Louisiana to Pay $9M Settlement to Man Partially Paralyzed by State Trooper

Louisiana authorities have agreed to pay $9 million to a man who was partially paralyzed from the waist down after a trooper shot him in the back during a 2018 traffic stop in Baton Rouge and then falsely reported it …
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Storms in Nebraska Kill 1, Displace Hundreds of Inmates

Strong storms before dawn Saturday in eastern Nebraska killed one person and seriously injured another in a state park and displaced hundreds of inmates after two prison housing units were damaged, officials said, even as other Midwest states also braced …
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Toxic Shale Drilling Wastewater Threatens Top Oil Fields, Texas Agency Warns

A Texas agency overseeing 13 million acres of state land is warning that toxic waste fluid from shale drilling threatens to contaminate oil wells in North America’s most prolific crude basin. The General Land Office of Texas, which was founded …
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Fires, Storms and Blazing Heat Forecast for Western US

Fires, storms and the potential for near-record high temperatures across the western US are in the offing for the coming week. The Gifford Fire, about 125 miles (201 kilometers) northwest of Los Angeles, had burned 114,621 acres and was 21% …
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Markets/Coverages: Hiscox Launches Sexual Molestation Liability Cover

Global specialist insurer, Hiscox, has announced the appointment of Harriet Turner to its London Market business to lead its new sexual molestation liability (SML) cover – expanding its existing range of casualty products. Hiscox’s launch of SML cover is designed …
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People Moves: Lancashire Announces Senior Leadership Promotions, Including CEOs of Insurance Units; CFC Taps Ascot’s Keeler as Head of Digital Underwriting

This edition of International People Moves details appointments at Lancashire Holdings and CFC Underwriting. A summary of these new hires follows here. Lancashire Announces Leadership Promotions, Including CEOs of Insurance Units Lancashire Syndicates Ltd. and Lancashire Insurance Company Ltd., the …
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Miss. Auditor Seizes Hundreds of Thousands from Cities to Pay for Overdue Audits

CANTON, Miss. (AP) — Jeff Goodwin, director of the Mississippi state auditor’s compliance division, was congenial while describing to Canton officials how the office has taken $352,000 of the city’s revenue to pay for past-due audits – the first time …
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