A combination of the two health insurers will be scrutinized by the government, but that doesn’t mean it won’t have a good argument at court.
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AI Won’t Pose Immediate Existential Threat but ‘Safety Brakes’ Needed: Microsoft
Microsoft’s president says he doesn’t think artificial intelligence poses an immediate threat to humanity’s existence, but governments and businesses still need to move faster to address the technology’s risks by implementing what he calls “safety brakes”.
Atlantic Hurricane Season Ranks 4th for Most-Named Storms in a Year
The 2023 Atlantic hurricane season, which officially comes to a close on Thursday, stirred up a fourth-place ranking when it comes to most-named storms in a year.
IICF Raises Record $1.43M for Regional Nonprofits at 17th Annual Northeast Benefit Event
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, raised more than $1.43 million at its 17th Annual Northeast Benefit Event this week at Cipriani 42nd Street in New York City.
Amazon Debuts Cyber Insurance Program for Speedy Policy Estimates
Amazon.com’s AWS cloud unit debuted Wednesday a program designed to cut the time to acquire cyber insurance from weeks to days, via partnerships with brokers and insurers.
As Growing Risks Impact Insurance Affordability, Customers Look to Insurers to Help Prevent Losses
Findings from a global customer survey published in a new Geneva Association report, The Value of Insurance in a Changing Risk Landscape, show that customers across the world’s six largest insurance markets are concerned about future insurability.
KKR Solidifies Push Into Insurance with $2.7 Billion Deal
Private-equity firm KKR said Wednesday it is buying the rest of retirement and life-insurance company Global Atlantic for $2.7 billion.
Survey Reveals Businesses Significantly Underestimate Risk from Flooding
Chubb unveiled findings from a new survey that finds U.S. mid-market companies (a majority between $10 million and $1 billion) are significantly unaware of and unprepared for the risks their businesses face from flooding.
Sixth Circuit Judge Throws Out PFAS Class Action for Lack of Standing
The Sixth Circuit on Monday tossed a lawsuit and dismantled a class that would have covered every Ohioan in a major case over exposure to “forever chemicals,” ruling that the longtime firefighter who brought the lawsuit lacks standing to proceed with the case.
Cyber Insurers Warn Catastrophic Hacks Will Require Government Help
A cyberattack that disrupts everyday life in the U.S. will likely cost more than the insurance industry can afford to cover, requiring government intervention, insurers and brokers said.