INSURANCE NEWS
Viewpoint: When the Cloud Sneezes, the Digital Ecosystem Catches a Cold
Google had a pretty bad day recently. The kind of day that would make Spotify stop singing, Discord and Snapchat go quiet, and give retailer Marks & Spencer a panic attack. Why? Because too many companies are leaning on a …
Anthropic Wins Key Ruling on AI Training in Authors’ Copyright Lawsuit
A federal judge in San Francisco ruled late on Monday that Anthropic’s use of books without permission to train its artificial intelligence system was legal under U.S. copyright law. Siding with tech companies on a pivotal question for the AI …
Wildfire Alerts Issued Across Mediterranean as Heat Wave Builds
Wildfire warnings were issued across the Mediterranean, as temperatures soar to 40C (104F) in parts of Spain, Italy, and Greece. Italian authorities are already tackling a blaze near the town of Bernalda in Basilicata [Italy], while Greece has drafted in …
Aflac Already Hit With Class Action Over Data Breach of Customer Info
An Alabama law firm wasted little time in filing a proposed class-action lawsuit against Aflac Inc., claiming the supplemental insurance giant knew the risks of a cyberattack and failed to protect policyholders’ private information. “Defendant disregarded the rights of Plaintiff …
Clean Energy Assets Face Coverage Risks, Zurich Insurance Says
Assets designed to help fight climate change may soon risk losing access to insurance unless they’re adequately shielded from extreme weather events. Roughly 46% of Europe’s total renewable generation capacity will be at “critical risk” from the fallout of climate …
MJ Companies Expands Nashville Ops, Names Reavis VP for Development
Indianapolis-based MJ Companies, an insurance agency and financial consulting firm, named Craig Reavis vice president for business and community development. The company also signed a lease for new office space at the upscale Nashville Yards mixed-use development district near downtown. …
Coalition Re’s New Helios Platform Allows Cedants to Gain Real-Time Cyber Insights
Coalition today introduced Coalition Re’s Helios platform, a new tool that allows cedants to view real-time cyber risk exposures in their portfolios and manage them more effectively. With the Helios platform, information previously provided to cedents only via a summary …
AI-Focused COVU Acquires Maine’s 100-Year Old Ford Agency
San Francisco-based COVU, Inc. announced it has acquired Ford Insurance Agency, a 100+ year-old, family-owned business based in Eliot, Maine. Operated by the Lonsinger family, Ford Insurance Agency provides commercial and personal lines coverage. This marks COVU’s fourth acquisition in …
What to Watch: The Trends for P/C Insurance in 2025 So Far
As we reach the midpoint of 2025, now is a perfect time to reflect on some of the key trends that have defined the first half of the year while also looking ahead at what to expect in the back …
EV-Carrying Ship Sinks in Pacific Ocean After Catching Fire
A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the middle of the pacific — about 360 miles from land — after a blaze. It was carrying about 3,000 vehicles …
Last Body Found After Boat Capsizes on Lake Tahoe in Sudden Storm Brings Death Toll to 8
The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …
Chicago Allows Summer Curfews for Minors as Mayor Vows Veto
Chicago’s city council voted to give its police chief the green light to enforce temporary curfews for minors in a bid to curb violence that has typically ramped up during the summer months, prompting Mayor Brandon Johnson to vow to …