The U.S. Treasury late last week backed off a plan to have the Federal Insurance Office (FIO) collect data on climate-related risks from property/casualty insurers—an outcome that had been sought by the insurance industry since the proposal was published in …
The Federal Emergency Management Agency (FEMA) late last week said that for the seventh time it went to the insurance-linked securities reinsurance markets to secure $575 million in coverage for the National Flood Insurance Program (NFIP). FEMA entered in a …
A federal judge in Texas on Friday struck down a U.S. National Labor Relations Board (NLRB) rule that would treat many companies as employers of certain contract and franchise workers and require them to bargain with unions representing them. U.S. …
Microsoft said on Friday that hackers linked to Russia’s foreign intelligence were trying again to break into its systems, using data stolen from corporate emails in January to gain new access to the tech giant whose products are widely used …
While artificial intelligence made headlines with ChatGPT, behind the scenes, the technology has quietly pervaded everyday life — screening job resumes, rental apartment applications, and even determining medical care in some cases. While a number of AI systems have been …
Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A Virginia federal district judge in …
Donald Trump secured a $91.6 million bond from insurer Chubb in order to allow the former president to appeal an $83.3 million verdict against him in the E. Jean Carroll defamation case. The surety bond contract with Chubb’s Federal Insurance …
Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to the Golden State. No more. Texas officials on Thursday blamed the state’s largest-ever fire on electrical lines sparking in dry …
Attorneys for Meta Platforms and several of its current and former leaders, including founder Mark Zuckerberg, are asking a Delaware judge to dismiss a shareholder lawsuit alleging the company has deliberately failed to protect users of its social media platforms …
The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a collaborative effort …
