Month: March 2025

Woman leaves bar, drives into another bar. Lawsuit ensues

“The insurance, banking, corporate and government sectors turn to Finity for advice on how to understand, underwrite, manage and mitigate flood risk: To do this, JBA’s high resolution flood models are crucial. We look forward to the launch of JBA’s Australia Flood Model, which will enable even deeper insights for our clients by offering a consistent view of risk across the entire risk transfer chain,” he said.

Artificial intelligence (AI) is reshaping the banking sector, offering increased efficiency and innovation. However, as banks integrate AI into their operations, concerns over data privacy, regulatory compliance and ethical risks are becoming more prominent. Financial institutions must navigate these challenges while ensuring that AI-driven decision-making remains transparent and accountable.

Sodium cyanide update An exclusion zone is in place around both vessels. According to some reports, the cargo ship owners say the Solong was not carrying sodium cyanide, as previously reported, but did carry empty containers that once held the toxic chemical.

According to the brokerage’s Political Risk Report 2025, which highlights key global political and economic trends affecting multinationals and investors, organisations trading with so-called connector countries, such as Vietnam, Mexico, South Korea and Hungary, may face heightened disruption due to evolving trade controls.

The move comes at a time when surplus lines insurance has become increasingly critical for property owners, particularly in states where major insurers have withdrawn due to mounting catastrophe risks. Traditional insurers have exited markets in states like California, Florida, and Louisiana, citing the increasing frequency of hurricanes, wildfires, and other natural disasters that have made coverage unsustainable.

The footage, reportedly filmed without the executive’s knowledge, shows Haden Kirkpatrick, former vice president of innovation and venture capital at State Farm, discussing how the company allegedly uses policy cancellations as leverage to gain approval for rate increases. “We go to the Department of Insurance and say, ‘We’re overexposed here. You have to let us catch up our rating,’” Kirkpatrick said in the video. “And they’ll say, ‘Eh.’ Because the Department of Insurance and the insurance commissioner is an elected position in California. He’ll say, ‘Nah.’ And we’ll say, ‘OK, […]

In the first Professional Risks Power Panel of 2025, experts from WTW, Aon and Marsh explain what to expect in the E&O market this year. Among the issues they examine are artificial intelligence and its impacts, cyber threats and the strategic necessity of E&O policies.

Marine insurers on watch as disaster unfolds

Leading specialist in one sector now has major backing