Google said on Thursday that it will defend users of generative artificial-intelligence systems in its Google Cloud and Workspace platforms if they are accused of intellectual property violations, joining Microsoft, Adobe and other companies that have made similar pledges. Major …
Effective today, Pat Tomlinson has been named president of Marsh McLennan’s Mercer, and will succeed Mercer CEO Martine Ferland upon her retirement March 31, 2024. In the meantime, as president, Tomlinson will report to Ferland and have management responsibility for …
Approximately 78% of commercial auto insurers are in the research phase of preparing for usage-based insurance (UBI) products, according to a new report from The National Alliance for Insurance Education and Research and SambaSafety. This signals interest in UBI, “but …
Certain exclusions that were once prevalent in cannabis insurance seem to be eroding, possibly a sign of some good news for businesses in the industry. A group of experts gathered during Insurance Journal’s Insuring Cannabis Summit to talk about underwriting …
The Securities and Exchange Commission is investigating how Twitter Inc. managed a 2018 security lapse that exposed personal user information before billionaire Elon Musk bought the social media platform last year. The agency has been scrutinizing whether the former top …
The U.S. title insurance industry saw its volume of net premium written decline by 16.1% in 2022, to approximately $20.9 billion, following a decade of growth during which this level had more than doubled, according to a new AM Best …
Internet companies Google, Amazon and Cloudflare say they have weathered the internet’s largest-known denial of service attack and are sounding the alarm over a new technique they warn could easily cause widespread disruption. Alphabet Inc-owned Google said in a blog …
American International Group (AIG) on Oct. 11 announced three significant appointments within its executive leadership team. David McElroy, currently chief executive officer of General Insurance, will assume a newly created role of chairman, General Insurance. AIG said McElroy will focus …
Third quarter 2023 commercial insurance rates remained up, but about 3.7% compared to up about 5% during the second quarter. According to MarketScout’s Market Barometer, the composite rate for all U.S. lines of commercial insurance business moderated except for business …
In a move that has come to be expected following most cyberattacks, two victims of the recent 23andMe data breach have filed a class action lawsuit. The suit, filed in U.S. District Court for the Northern District of California alleges …
