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Massachusetts AG Warns AI Systems Subject to Consumer Protection, Anti-Bias Laws

Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned Tuesday. In an advisory, Attorney General Andrea Campbell pointed to what she described as the widespread …

Judge Orders Pennsylvania Utility Board to Produce Chocolate Factory Blast Records

Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal agency’s probe into a fatal explosion at a chocolate factory last year, a federal judge ruled this week. U.S. District Judge …

California Lawsuits Say Fertility Operation Destroyed Embryos

Several lawsuits in California were filed against Ovation Fertility, a large network of fertility clinics, were filed by former patients whose embryos were destroyed due to a reported critical error at the company’s Orange County branch. The lawsuits were filed …

California Sees Two More Property Insurers Withdraw From Market

California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July. The two companies, units …

Marsh McLennan Reports Better Than Expected First Quarter Profit

Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned from funds held on behalf of clients. The company’s shares rose about 2% to $201 before the bell. The U.S. …

CFC Acquires Solution Underwriting in Australia

CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were not disclosed. CFC has been trading in Australia …

Investor Climate Group Sets Target for Assets in Private Equity, Debt

The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private assets for the first time and would also look to improve assessment of emissions tied to sovereign …

Arthur J. Gallagher & Co. Acquires Louisiana’s Fontenelle & Goodreau

Arthur J. Gallagher & Co. announced the acquisition of Metairie, Louisiana-based Fontenelle & Goodreau Insurance, LLC. Terms of the transaction were not disclosed. Fontenelle & Goodreau Insurance offers commercial property/casualty coverages specializing in large apartment accounts in the Louisiana market …

Texas DWC Adopts Amendments to Accident Prevention Services

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced this week that it has adopted amendments the 28 Texas Administrative Code concerning certain submission requirements for insurance companies about their accident prevention services (APS). The rule will be …

People Moves: McGill Expands Global Property Team; Lawrence Joins Alliant; Berkshire Specialty Promotes Bowman

McGill Hires Milne and Cabot to US Property Team McGill and Partners, headquartered in London, appointed Duncan Milne and Cabot Lyman as partners to the firm’s U.S. property team. Milne joins the firm as a partner and head of U.S. …

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