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People Moves: Reath Named US Real Estate and Hospitality Practice Leader, Marsh Risk; AXIS Appoints Sternadori Head of US Excess Casualty, Flaherty as Wholesale Casualty CUO
Marsh Appoints Reath US Real Estate and Hospitality Practice Leader, Marsh Risk Marsh, headquartered in New York City, appointed of Alexander Reath as U.S. real estate and hospitality practice leader, Marsh Risk. Based in Boston, Massachusetts, Reath reports to Darren …
POSTED SEPTEMBER 23, 2026 5:42 AM |
Banks Warn AI Shopping Bots Raise Scam, Fraud and Data-Privacy Risks
Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest and Bank of America said on Sept. 22, as they set out principles for developing the technology. Technology companies including OpenAI, …
POSTED SEPTEMBER 23, 2026 5:16 AM |
Ex-DOJ Official Sees More False Claims Act Cases Getting Tossed
The US Justice Department has encouraged prosecutors to dismiss more lawsuits against companies brought by whistleblowers, and the former top deputy for the agency’s civil division expects the trend to continue. The approach would follow recent revisions to the Justice …
POSTED SEPTEMBER 23, 2026 5:08 AM |
Viewpoint: Surplus Lines Insurers Offer Vital Coverage for Growing Tech-Driven Industries
As technological advancements become more ingrained in the development of entirely new industries and change the nature of existing industries, accessing needed coverage for complex risks through surplus lines carriers will become more of the path to success. The development …
POSTED SEPTEMBER 23, 2026 5:05 AM |
NC Insurance Agent Charged With Taking Out Life Policy on Elderly Without Consent
A North Carolina insurance agent was charged this week with exploiting an elderly person by stealing identify information and taking out a life insurance policy without the woman’s knowledge. Tony Lee Gunter, 29, of Spruce Pine, also earned $257 in …
POSTED SEPTEMBER 23, 2026 5:02 AM |
Claims Against NYC Rental Buildings Nearly Doubled Since 2021: Milford Street
Legal filings against residential rental properties in New York City grew substantially between 2021 and 2023 and then remained constant at that elevated level, according to research from Milford Street Captive Insurance. The analysis conducted by LegalClaimsAI and the NYU …
POSTED SEPTEMBER 23, 2026 5:00 AM |
4.9% Workers’ Comp Rate Increase Proposed in Washington
The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers pay for workers’ compensation insurance in 2027. The proposed increase would raise the cost of coverage by an average …
POSTED SEPTEMBER 23, 2026 5:00 AM |
Southern California Edison Chief Warns Wildfire Impasse Risks Higher Customer Bills
Southern California Edison customers face hundreds of millions of dollars in additional costs if the utility’s credit rating is downgraded to junk after California failed to pass wildfire legislation, according to the head of the utility’s parent company. Among the …
POSTED SEPTEMBER 23, 2026 5:00 AM |
CVC-Backed Home Insurance Firm Bamboo Said to Postpone IPO
Bamboo Insurance Services Inc., a home insurance firm controlled by private equity firm CVC Capital Partners, has postponed its initial public offering, according to people familiar with the matter. The Midvale, Utah-based company cited market conditions for the move, the …
POSTED SEPTEMBER 23, 2026 5:00 AM |
Firefighting Helicopter Crash Near Yosemite Killed Both Pilots
Two helicopter pilots were killed when their aircraft crashed Sunday afternoon while conducting water drops on a wildfire at Yosemite National Park, officials say. The pilots were the only people on board and were employed by the contract aircraft company …
POSTED SEPTEMBER 23, 2026 5:00 AM |
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