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Author: Annie George

White House Summons Tech Giants Over AI Dangers

AI and industry risks

The White House on Thursday summoned the CEOs of US tech giants to strategize about the dangers of artificial intelligence.

Published May 5, 2023
Categorized as Show on Homepage Tagged AI, AI dangers, tech, White House

In Memoriam: George Nordhaus

George Nordhaus, insurance industry pioneer

It’s with great fondness we pay tribute to George Nordhaus, an insurance marketing pioneer and genuine people person, who passed away on April 24, 2023, at the age of 90.

Published May 4, 2023
Categorized as Show on Homepage Tagged George Nordhaus, insurace marketeer, Insurance Marketing & Management Services

NOAA Upgrades Storm Surge Forecast Model in Time for Hurricane Season

natural disasters and insurance

The NOAA announced Tuesday it has upgraded its storm surge model to improve forecasts for high-impact weather in time for the 2023 hurricane season, which begins June 1.

Published May 4, 2023
Categorized as Show on Homepage Tagged hurricane season, June 1, NOAA

NY and CA AGs Launch Investigation Into the NFL Over Employment Discrimination

NFL antitrust lawsuit

Attorneys general of California and New York are investigating the National Football League for employment discrimination and a hostile work environment.

Published May 4, 2023
Categorized as Show on Homepage Tagged employment practices, EPLI, NFL employment discrimination, NFL hostile work environment

Allstate Reports Q1 Net Loss Driven by $1.69B Catastrophe Hit

Allstate catastrophe losses

Allstate Corporation has reported a net loss of $346 million in Q1 of this year, compared to a net income of $634 million in the same quarter of 2022.

Published May 4, 2023
Categorized as Show on Homepage Tagged Allstte Q1 results, catastrophes

Brownyard Expands Memorialpro to 36 Additional States

Brownyard Group

Memorialpro, the insurance program for cemeteries, is now available nationally.

Published May 4, 2023
Categorized as Show on Homepage Tagged Brownyard Group, insurance for cemeteries, Memorialpro

Attacks on Delivery Drivers Add Safety Fears Among Gig Workers

safety for food delivery workers

A series of attacks on drivers of ride-hailing and food delivery companies has sent new ripples of fear among some app-based drivers, who say company safety policies are still better geared toward customers than workers.

Published May 4, 2023
Categorized as Show on Homepage Tagged app-based drivers, DoorDash, food delivery companies, Grubhub, Instacart, ride hailing compaies, safety and drivers

Merck’s Insurers on the Hook in $1.4 Billion NotPetya Attack, Court Says

First Amendment vs state antidiscrimination laws

Insurers for Merck & Co. must help cover losses from a $1.4 billion cyberattack that the U.S. blamed on Russia, a court said, rejecting the insurers’ argument that the attack was akin to an act of war normally excluded from coverage.

Published May 3, 2023
Categorized as Show on Homepage Tagged court Merck cyber decision, cyber insurance, Merck cyber attack, war exclusion

Premium Growth in Delegated Underwriting Authority Enterprise Market Continued Double-Digit Growth Rate in 2022

E&S growth

Direct premium flowing through the Delegated Underwriting Authority Enterprises (DUAE) market in the United States continued its significant growth rate in 2022, increasing by 13.8% to $67.6 billion, according to a new report from AM Best.

Published May 3, 2023
Categorized as Show on Homepage Tagged AM Best, DUAE, insurance premium growth, MGAs, MGUs, program administrators

House Oversight Panel Wants FEMA to Explain High Flood Insurance Prices

TWIA credit line for storm damage

The U.S. House committee charged with investigating government fraud and corruption demanded Monday that the Federal Emergency Management Agency detail just how its new flood insurance pricing system works.

Published May 3, 2023
Categorized as Show on Homepage Tagged FEMA, flood insurance, flood pricing, NFIP, Risk Rating 2.0

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