The New York Times sued Microsoft and OpenAI for alleged copyright infringement, touching off a legal fight over generative-AI technologies with far-reaching implications for the future of the news publishing business.
Author: Annie George
SPAC Mania’s Ugly End Yields $46B in Investor Losses
Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the Covid-19 pandemic, ended this year with a string of big bankruptcies and even bigger losses for shareholders.
Insurance Leaders Combat Climate Risks Through Innovation, Collaboration
Ellen Mecray, regional climate services director for the National Oceanic and Atmospheric Administration, and Jeff O’Shaughnessy, senior vice president of treaty for HSB, explore strategies to tackle evolving climate risks through data, technology and partnerships.
Cowbell’s Gupta on AI and Its Role in Cybersecurity and Insurance
As more organizations continue to apply and use artificial intelligence (AI) within their systems, the technology is expected to play “a crucial role in enhancing both efficacy and efficiency in addressing new challenges,” says Rajeev Gupta, Co-founder and Chief Product Officer, Cowbell.
Everest Group CEO: Supply and Demand Gap, Pent-Up Demand to Drive Higher Prices
A sizable supply and demand gap lingers and pent-up demand from cedents continues to grow, which could result in terms and conditions remaining tight, said Everest Group President and Chief Executive Officer Juan Andrade.
Homeowners Stressors Expand Beyond Coasts as Storms, Wildfire Risk Intensify
Nine of the 10 states with the worst 2012-2022 median direct combined ratio for U.S. homeowners/farmowners are landlocked, according to a Best’s Market Segment Report. Only No. 9 Georgia, with a 94.7 combined ratio for the period, is a coastal state.
California Threatens Penalties Over Insurers’ Stalling Tactics Against Auto Insurance Buyers
California’s insurance commissioner is warning of a possible crackdown against insurers that fail to offer and sell auto insurance to the state’s good drivers.
McGriff Realigns Its Regional Organization, Appoints Four Company Execs to New Roles
U.S. retail insurance broker McGriff has realigned the business’s organization into three distinct geographic regions, as well as appointing four company executives to new leadership roles.
Ryan Specialty Expands European MGU Reach with London-Based Castel Purchase
Ryan Specialty agreed to acquire managing general underwriting platform Castel Underwriting Agencies Ltd. from Arch Financial Holdings (UK) Ltd., expanding Ryan’s MGU capabilities in London and Europe.
Bills to Eliminate No-Fault Auto Coverage in Florida Teed Up Again
Bills seeking to repeal Florida’s no-fault automobile insurance system and its requirement that motorists carry $10,000 in personal-injury protection coverage have been filed again in the state legislature.