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Dutch Willing to Help Insurers Invest in Defense, Minister Says
Dutch insurance companies and other financial institutions that want to invest in the defense industry can expect guidance from the government, said Defense Minister Ruben Brekelmans. “What I’ve experienced so far with insurers like NN, but also with banks, is …
POSTED JANUARY 23, 2025 7:44 AM |
India Widens Approvals for Russian Insurers After Oil Sanctions
India widened backing for Russian insurers as the largest buyer of Moscow’s seaborne crude strives to keep discounted barrels flowing, after the US imposed fresh sanctions earlier this month. As well as extending approvals for some sanctioned providers, India’s Directorate …
POSTED JANUARY 23, 2025 7:35 AM |
Insurtechs’ Approach to Wildfire Insurance: Part III – Faura
While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …
POSTED JANUARY 23, 2025 6:09 AM |
Does Florida’s 15-year Roof Age Rule Discourage More Wind-Resistant Products?
After Hurricane Milton swept through parts of southwestern Florida in October, aerial drone images showed condominium buildings with large sections of their roof membranes peeled back like blankets on a beach, exposing the buildings to water intrusion. Builders and commercial …
POSTED JANUARY 23, 2025 6:01 AM |
People Moves: Washington Insurance Commissioner Kuderer Adds to Executive Staff
Washington State Insurance Commissioner Patty Kuderer made six additions to her executive team. Kuderer was sworn in as the state’s ninth insurance commissioner on January 15. She replaces Washington Commissioner of Insurance Mike Kreidler, the nation’s longest serving insurance commissioner. …
POSTED JANUARY 23, 2025 6:00 AM |
Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim
A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its “flowering” rooms. A federal …
POSTED JANUARY 23, 2025 6:00 AM |
Ash Left Behind by LA Wildfires Might Be Toxic, Experts Warn
Toni Boucher threw up the first time she saw the charred remains of her home and neighborhood after this month’s deadly Los Angeles-area wildfires. Now she wonders if it’s worth it to go back to sift through the ashes and …
POSTED JANUARY 23, 2025 6:00 AM |
Crown Stolen from Virgin Mary Statue at Philadelphia Church
A man broke into a Philadelphia church and stole a 125-year-old bejeweled crown from atop a marble statue of the Virgin Mary, city police said earlu this week.. The burglary at St. John the Evangelist Roman Catholic Church occurred around …
POSTED JANUARY 23, 2025 6:00 AM |
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 |
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