Global financial regulators have laid out plans for closer monitoring of artificial intelligence risks as banks and other parts of the financial industry ramp up the use of AI. Banks have been broadly optimistic that AI will make them more …

Record-breaking temperatures seared the eastern US last month, leading to power emergencies across the region. The cause: an enormous ridge of high pressure that settled on the region, known as a heat dome. This phenomenon has also already struck Europe …

An explosion occurred at one of Orange’s technical sites in Paris on Thursday, injuring three workers, two critically, and disrupting communication services for 80,000 users, the district mayor said. The incident took place around 10 a.m. (0800 GMT) [on Oct. …

Boxx Hires Leads for Distribution, Claims and Tech Boxx Insurance, headquartered in Miami, Florida, appointed Joe Gates, Ray Moylan and Thomas Beale to new positions. Boxx appointed Gates head of distribution, central, where he manages access to Boxx’s all-in-one cyber …

Nearly 80% of U.S. homeowners would use their smartphones to document property damage for an insurance claim, according to a new survey that suggests self-service digital tools could play a larger role in future claims handling. The online survey of …

A new survey of corporate insurance buyers reveals widespread interest in buying insurance to cover Gen AI risks—and a willingness to pay up 10-20 percent more in organization-wide insurance premiums for the coverage. But the most willing buyers are those …

Microsoft Corp.’s data-center crunch will continue for longer than the company has previously outlined, underscoring the software giant’s struggles to keep up with cloud demand. Many of Microsoft’s US data center regions are experiencing shortages of physical space or servers, …

The white sandy beaches along a swath of Florida’s Gulf Coast were battered by three hurricanes last year, leading to a multimillion-dollar effort to repair a coastline that is the region’s economic engine. Crews are working with dredges, trucks and …

A 2-year-old boy in south Georgia was attacked by two Rottweiler dogs and died at an unlicensed daycare center while the owner napped, according to police. Stacy Wheeler Cobb, the 48-year-old owner who held the daycare at her home in …

The MJ Companies named Melinda Eckard vice president of employee benefits operations and client experience. Eckard will lead the strategic direction of employee benefit operations, enhance client experience and increase growth. Eckard will reside in the Phoenix, Arizona, market, and …

Texas Attorney General Ken Paxton announced he has opened an investigation against TP-Link Systems Inc. (“TP Link”), a manufacturer of networking equipment, for potentially aiding the Chinese government in accessing consumers’ data. The investigation will examine whether TP Link has …

Workers’ compensation specialist The MEMIC Group announced a $19 million dividend for more than 17,000 Maine policyholders. This annual dividend is based on the insurer’s financial performance, claims experience, and its insureds’ safer workplaces during the 2022 calendar year. The …

A soccer match between Argentina and Puerto Rico is being relocated to Florida from Chicago, according to people familiar with the decision, a day after the Texas National Guard arrived in the third-largest US city. The friendly match, originally scheduled …

Danny Lakey and his wife have spent countless evenings sitting on rocking chairs on their front porch, watching the sun slowly dip behind the cows grazing on their neighbor’s ranch. It was the calm country life they dreamed of in …

World Insurance Associates Names Cicchelli Head of Employee Benefits Practice World Insurance Associates LLC named John Cicchelli head of its employee benefits practice. Cicchelli, who will work out of the Iselin, New Jersey headquarters, will spearhead strategic initiatives to accelerate …

The property/casualty insurance industry faces an urgent challenge to rebuild public trust amid growing public skepticism fueled by false narratives, according to remarks by Dino Robusto, chair of the American Property Casualty Insurance Association board of directors. “We must better …

A Virginia appellate court has ordered a new trial in a malpractice case in which a jury awarded a $2.5 million in damages against a doctor for alleged failure to properly administer anesthesia to a woman undergoing an emergency caesarian …

Fortegra Group Inc., a global specialty insurer and subsidiary of Tiptree Inc., announced it has secured a box in the underwriting room at Lloyd’s. Effective immediately, Fortegra will operate from Box 388 on the third gallery in the Lloyd’s underwriting …

Kentucky’s attorney general claimed Tuesday that the online gaming platform Roblox has become a “playground for predators” as he announced a lawsuit accusing the company of lax child safety measures. The Kentucky suit, filed by his office Monday in a …

San Francisco-based insurance AI start up FurtherAI announced a $25 million Series A funding round led by Andreessen Horowitz to improve insurance workflows through AI. Claiming that those who run the $7 trillion insurance industry are “doing trillion-dollar work with …