AM Best projects reinsurance capital will increase 7% to $649bn by year-end Related Stories Aon promotes Smaje in commercial risk leadership transition Daily Digest: Aviation reinsurers 'cautious', Hiscox targets California coverage gap, Talanx shares rise Marsh names Glod global head of aviation and space
Reinsurance capital to hit new high in 2025 Read More »
We live in an era in which many aspects of life are increasingly heavily technology-led and this will only increase exponentially, given the pace of development of artificial intelligence (AI) and other advances. The insurance industry is not immune to this and technological developments influence every aspect of it, from industry services to actuarial forecasting,
Solving the legal puzzle for technology, innovation and insurance :: Insurance Day Read More »
A New York appeals court struck down a $464 million fraud fine against President Donald Trump and his company, handing him a victory over the state’s attorney general. In a decision issued Thursday, the Manhattan appellate court still found that Trump broke the law by inflating the valuation of assets like Mar-a-Lago and his Trump
Trump $464 Million NY Civil Fraud Penalty Vacated on Appeal Read More »
A New York appeals court struck down a $464 million fraud fine against President Donald Trump and his company, handing him a victory over the state’s attorney general. In a decision issued Thursday, the Manhattan appellate court still found that Trump broke the law by inflating the valuation of assets like Mar-a-Lago and his Trump
Trump $464 Million NY Civil Fraud Penalty Vacated on Appeal Read More »
Texas officials are warning health care providers to stop sending abortion pills into the state or risk fines and prosecution, as Attorney General Ken Paxton seeks to halt the flow of medicine that’s circumventing local restrictions. Prosecutors wrote to three providers last week, including a California doctor and a Delaware women’s health clinic, citing evidence
Texas Is Warning Health Providers to Stop Mailing Abortion Pills to State Read More »
Honeycomb Insurance, a digital MGA specializing in property and casualty coverage for landlords and condominium associations, announced that it has begun writing policies in Minnesota, with plans to expand into four additional states over the upcoming months. Honeycomb said it will immediately make available $25 million capacity limits across both admitted and non-admitted programs in
Honeycomb Launches in Minnesota Read More »
Louisiana regulators approved Entergy Corp.’s plan to build three natural gas plants to power Meta Platform Inc.’s biggest data center. Meta’s latest and largest data center is a 4 million–square–foot complex in rural Louisiana intended to support the company’s most powerful artificial intelligence models. Meta Chief Executive Officer Mark Zuckerberg has said the facility, dubbed
Entergy to Build Three Gas Plants for Meta’s Biggest Data Center Read More »
As President Donald Trump attempts to reshape college admissions, he’s promising a new era of fairness, with an emphasis on merit and test scores and a blind eye toward diversity. Yet the Republican president’s critics — and some allies — are questioning his silence on admissions policies that give applicants a boost because of their
‘What About Legacy Admissions?’ Critics Ask as Trump Presses Colleges for Merit Read More »
Less than one percent of customers who filed detailed complaints about checking or savings account closures with the U.S. Consumer Financial Protection Bureau over the last 13 years accused banks of acting for political or religious reasons, even as the White House mounts a campaign to stamp out “systemic abuses” in the financial system that
Just 35 Complaints of Debanking Cite Political Bias Despite Trump Order Read More »
The shift to autonomous vehicles represents a great unknown for the auto insurance industry, but to analysts at Bank of America Corp. it will be a potential goldmine. Investors are concerned about liability when driverless cars become more mainstream. Under the current US system, the driver is responsible in the event of an accident. But
Bank of America Says Autonomous Vehicles Can Boost Insurers’ Profitability Read More »