Zurich Insurance Group has agreed to acquire Estonia-based company AlphaChat, which provides conversational artificial intelligence (AI) technology for customer service automation, to further enhance the Group’s digital capabilities. Founded in 2017, AlphaChat has built a messaging automation product capable of understanding natural language, authenticating users, providing personalized responses and executing transactions, making communication with customers… Continue reading Zurich Acquires AI Platform AlphaChat
Author: Farkas Laura
Dominion Can Move Forward with Defamation Lawsuit Against Fox
A judge has ruled that Fox News probably had enough information after the 2020 presidential election to know a conspiracy theory claiming Dominion Voting Systems Inc. rigged the contest was false, denying the network’s request to dismiss a defamation lawsuit. Delaware state court Judge Eric M. Davis on Thursday ruled Dominion had presented enough factual… Continue reading Dominion Can Move Forward with Defamation Lawsuit Against Fox
Tornado Insurance Payouts Estimated to Hit $5 Billion
Insurance companies have set up claims centers in parking lots and agents are filing them on their mobile phones to speed payouts that could reach $5 billion from last week’s tornadoes. That figure would make the storms that tore through six states last week one of the most costly tornado disasters in history. Damage is… Continue reading Tornado Insurance Payouts Estimated to Hit $5 Billion
Chubb Launches New Employment Practices Liability Insurance Policy
Chubb has launched a new insurance offering to help protect companies from the financial costs associated with employment-related lawsuits filed for a range of issues, including wrongful termination, breach of contract, retaliation and otherwork-related issues. The Chubb PrimarySM Employment Practices Liability Insurance (EPLI) policy provides coverage for employment practices liability (EPL) claims brought by past,… Continue reading Chubb Launches New Employment Practices Liability Insurance Policy
Southern California Edison Faces $550M In Penalties for 5 Wildfires
California regulators approved a settlement Thursday placing more than half a billion dollars in fines and penalties on the utility Southern California Edison for its role in five wildfires in 2017 and 2018. The penalties relate to the Thomas, Woolsey, Rye, Meyers and Liberty fires. The Thomas fire, which burned in Ventura and Santa Barbara… Continue reading Southern California Edison Faces $550M In Penalties for 5 Wildfires
Insurance Industry Joins Call to Decarbonize Global Shipping
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the sector to go fully green. As pressure mounts on the marine insurance industry to go fully green, leading companies have joined an initiative linking their underwriting… Continue reading Insurance Industry Joins Call to Decarbonize Global Shipping
Alliant’s 2021 World Food Derby Raises $228,851 for Communities in Need
Alliant employees raised $228,851 in combined cash, food, and essential item donations in the company’s 2021 World Food Derby competition. World Food Derby is Alliant’s annual initiative to fundraise and volunteer time to help end world hunger and serve local and global communities in honor of World Food Day on October 16. This year, Alliant… Continue reading Alliant’s 2021 World Food Derby Raises $228,851 for Communities in Need
Westfield Specialty Announces Executive Appointments
Westfield Specialty is announcing appointments to its executive leadership team. In today’s business environment, risk is constantly changing and becoming more complex, thus requiring specialized expertise. These changes also mean customers are facing new types of liability, which demands bold thinking and creative solutions to these new exposures. The Westfield Specialty team is focused on… Continue reading Westfield Specialty Announces Executive Appointments
Research Shows Winter Tornadoes to Get Worse
Winter tornadoes, such as the deadly ones that hit five states last week, are expected to be stronger and stay on the ground longer, causing a wider swath of destruction in a warming world, according to a new study. According to a study presented Monday at the American Geophysical Union conference, the combination of a… Continue reading Research Shows Winter Tornadoes to Get Worse
Technology Increasingly A Driver of Emerging Markets Risk: WTW
The Willis Towers Watson Political Risk Index has been tracking patterns of political instability in the world’s most vulnerable countries for more than a decade. The Index’s most recent edition examines the impact of new technologies, particularly social media, on emerging market politics. The report emphasizes how social media has increased the effectiveness of activist… Continue reading Technology Increasingly A Driver of Emerging Markets Risk: WTW