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The rapid growth and lack of governance or regulation in the use of artificial intelligence has once again made cyber threats the top concern among businesses. According to the latest Risk Index from insurer Travelers, 58% of respondents said they …

Multi-Cinema (AMC), a nationwide movie theatre chain, will pay $56,000 to settle a federal disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the federal agency announced. In addition to paying $56,000 under the two-year consent decree resolving …

As creditors, counterparties and lawyers pore over the business of embattled commodity trader Radiant World, a low-rise office building in the emirate of Ajman, just north of Dubai, may contain one key piece of the puzzle. Milla Sky Trading, whose …

Hawaii will be threatened by yet another hurricane over the weekend, after a tropical depression reformed to the south of the island chain. The depression, with winds of 35 miles (56 kilometers) per hour, is expected to strengthen into a …

St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science will honor The Hartford’s Chairman and CEO Christopher J. Swift as the “2026 Insurance Leader of the Year” at its 31st annual award dinner. The event …

Europe is expected to spend €500 billion ($571 billion) on climate resilience measures through 2035, according to a fresh analysis by Bloomberg Intelligence. The figure, which comprises money spent on rebuilding after extreme weather shocks as well as defenses against …

The Federal Reserve’s monetary policy control toolkit continues to be very effective, Roberto Perli, a New York Fed official responsible for implementing short-term interest rate policy for the central bank, said on Tuesday. “We have maintained very strong interest rate …

Hurricane Polo has become one of the world’s strongest storms this year as it threatens to lash Mexico’s Pacific Coast with heavy rain and winds. Polo’s top winds reached 180 miles (290 kilometers) per hour, making it a Category 5 …

Brown & Riding has added Jarrod Williamson to its national casualty practice. With 14 years of experience, Williamson focuses on large, complex casualty risks, specializing in real estate, construction, and hospitality. He began his career working as a retail broker …

Marsh Appoints Reath US Real Estate & Hospitality Practice Leader, Marsh Risk Marsh, headquartered in New York City, appointed of Alexander Reath as U.S. real estate and hospitality practice leader, Marsh Risk. Based in Boston, Massachusetts, Reath reports to Darren …

Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest and Bank of America said on Sept. 22, as they set out principles for developing the technology. Technology companies including OpenAI, …

The US Justice Department has encouraged prosecutors to dismiss more lawsuits against companies brought by whistleblowers, and the former top deputy for the agency’s civil division expects the trend to continue. The approach would follow recent revisions to the Justice …

As technological advancements become more ingrained in the development of entirely new industries and change the nature of existing industries, accessing needed coverage for complex risks through surplus lines carriers will become more of the path to success. The development …

A North Carolina insurance agent was charged this week with exploiting an elderly person by stealing identify information and taking out a life insurance policy without the woman’s knowledge. Tony Lee Gunter, 29, of Spruce Pine, also earned $257 in …

Legal filings against residential rental properties in New York City grew substantially between 2021 and 2023 and then remained constant at that elevated level, according to research from Milford Street Captive Insurance. The analysis conducted by LegalClaimsAI and the NYU …

The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers pay for workers’ compensation insurance in 2027. The proposed increase would raise the cost of coverage by an average …

Southern California Edison customers face hundreds of millions of dollars in additional costs if the utility’s credit rating is downgraded to junk after California failed to pass wildfire legislation, according to the head of the utility’s parent company. Among the …

Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter. The Midvale, Utah-based company cited market conditions for the move, the …

Two helicopter pilots were killed when their aircraft crashed Sunday afternoon while conducting water drops on a wildfire at Yosemite National Park, officials say. The pilots were the only people on board and were employed by the contract aircraft company …

Alphabet Inc. agreed to fund capacity increases at two nuclear plants operated by a Southern Co. subsidiary that will add about 96 megawatts of new supplies amid a data center-driven jump in electricity demand. Alphabet’s Google will finance so-called uprates …