News Center
News Archives - Insurance Journal
Microsoft’s LinkedIn Sued for Disclosing Customer Information to Train AI Models
Microsoft’s LinkedIn has been sued by Premium customers who said the business-focused social media platform disclosed their private messages to third parties without permission to train generative artificial intelligence models. According to a proposed class action filed on Tuesday night …
POSTED JANUARY 22, 2025 9:38 PM |
Flow Specialty Says Its AI Agent Passed RPLU Exams
Specialty wholesaler Flow Specialty said its artificial intelligence model has passed the Registered Professional Liability Underwriter (RPLU) exams for cyber, errors & omissions, and executive liability modules. “For far too long, the middle market segment of specialty business has been …
POSTED JANUARY 22, 2025 5:24 PM |
South Dakota Bill to Protect Farms From Spying Could Limit Access to Data
Proposed legislation aimed at protecting South Dakota farmers from potential “agro-terrorism” activities could have a secondary effect of limiting access to some information about the state’s largest animal feeding operations. Senate Bill 14 seeks to strengthen a set of existing …
POSTED JANUARY 22, 2025 5:22 PM |
Highstreet Acquires Missouri’s Siebert Agency
Highstreet Insurance Partners announced its acquisition of Siebert Agency Ltd, and its sister companies Russ Siebert Insurance and Mary Siebert Insurance Agency (collectively, “Siebert Insurance”). The terms of the transaction were not disclosed. Under the leadership of Bill Siebert, his …
POSTED JANUARY 22, 2025 5:14 PM |
Texas Regulators Overhaul Oilfield Waste Rule
Texas regulators have completed the first overhaul of oilfield waste rules in over 40 years. The Railroad Commission of Texas last month adopted revisions for Chapters 3 and 4 of its rules that govern commercial oilfield waste landfills and on-site …
POSTED JANUARY 22, 2025 5:13 PM |
Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B
New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan. The estimates out on Wednesday from the …
POSTED JANUARY 22, 2025 5:08 PM |
Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads
A historic winter storm threatened natural gas shipments from one the biggest US export plants while heavy snow shut schools and airports in Houston and highways in New Orleans. A low-pressure system is dropping bitter cold from Texas to North …
POSTED JANUARY 22, 2025 5:06 PM |
Travelers Posts 28% Increase in Q4 Net Income
The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on strong underlying underwriting results. Travelers posted fourth quarter net income of about $2.1 billion compared to about $1.6 billion during the last quarter …
POSTED JANUARY 22, 2025 4:13 PM |
Wildfire-Risk Models Are Struggling to Predict LA-Style Fires
Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as …
POSTED JANUARY 22, 2025 4:10 PM |
Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says
The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …
POSTED JANUARY 22, 2025 3:43 PM |
NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does One Choice Insurance confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.
|