INSURANCE NEWS
AI Being Used to Scam Small Business Owners, Says Nationwide Survey
Just when employees have learned to ignore scammy texts and emails from the boss, along comes the next generation of impersonation using artificial intelligence. Cybercriminals increasingly use generative AI, including voice calls and video, to scam businesses. And small businesses …
FTC Crackdown on Companies Using AI Includes ‘Robot Lawyer,’ Content Generator
As its authority is routinely questioned, the Federal Trade Commission has filed complaints against five companies it said use artificial intelligence (AI) to “supercharge deceptive or unfair conduct.” “Using AI tools to trick, mislead, or defraud people is illegal,” said …
Britain Targets Russian LNG Sector With Fresh Shipping Sanctions
Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers for the first time to target LNG vessels directly. “Earlier this year, the …
Acrisure Launches Bermuda Operation, Led by Industry Veteran Scope
Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, has launched an office in Bermuda to focus on wholesale insurance broking for its global clients. Trading as Acrisure Bermuda Ltd., the new business unit aims to complement current reinsurance …
Alex Jones’ Infowars to Be Liquidated at Auctions to Pay Sandy Hook Families
Conspiracy theorist Alex Jones ‘ Infowars media platform and its assets will be sold off piece by piece in auctions this fall to help pay the more than $1 billion he owes relatives of victims of the Sandy Hook Elementary …
American Eagle Outfitters Sues Amazon for Infringing ‘Aerie’ Trademarks
American Eagle Outfitters sued Amazon.com on Wednesday, accusing it of intentionally infringing the clothing and accessories retailer’s “Aerie” and “Offline by Aerie” trademarks by directing customers to knock-off merchandise. In a complaint filed in Manhattan federal court, American Eagle said …
Shell, Equinor, TotalEnergies Open CO2 Storage Facility in Norway
Shell, Equinor and TotalEnergies said on Thursday their carbon dioxide (CO2) storage project on Norway’s west coast is now completed and ready to receive CO2, with its first deliveries expected next year. Carbon capture and storage (CCS) has long been …
Ecuador Fires Threaten Wealthy Areas, Force President to Return Home
Wealthy neighborhoods in Quito remain under threat of flames, and schools have shifted to online teaching through the end of the week as firefighters battle forest fires in Ecuador’s capital. Quito Mayor Pabel Muñoz of the left-wing Citizen Revolution party …
Markets/Coverages: Markel Expands Specialist Tech Insurance Offering in UK
Markel, the insurance operations within the Markel Group Inc., has launched an enhanced insurance proposition tailored to meet the evolving needs of the UK’s growing tech sector. The enhanced product, MarkelTech, is aimed at start-ups, small-and-medium-sized businesses, mid-market and high-growth …
A $9.5 Trillion Investor Group Unveils Milestone Emissions Cuts
Institutional investors holding a combined $9.5 trillion of assets say they’ve slashed portfolio emissions at a rate that aligns them with the goal of limiting global warming to the critical threshold of 1.5C. The Net-Zero Asset Owner Alliance, whose signatories …
India Insurer Star Health Sues Telegram After Hacker Uses App’s Chatbots to Leak Data
Top Indian insurer Star Health has sued Telegram and a self-styled hacker after Reuters reported that the hacker was using chatbots on the messaging app to leak personal data and medical reports of policy holders. Star has received a temporary …
Why US Home Insurance Rates Are Rising Fast – Climate Change Plays a Big Role
Millions of Americans have been watching with growing alarm as their homeowners insurance premiums rise and their coverage shrinks. Nationwide, premiums rose 34% between 2017 and 2023, and they continued to rise in 2024 across much of the country. To …