Charter Oak Fire Insurance Company, part of Travelers, sued Zurich American Insurance Company in the Southern District of New York on May 8, 2026. Travelers wants a judge to declare that Zurich must defend and pay for Central Hudson Gas & Electric Corporation in more than 20 lawsuits tied to a gas explosion in Wappingers Falls, New York, on November 2, 2023. It also wants Zurich to repay the defense costs Travelers has been footing in the meantime.
Author: Awais
A new University of Vermont extreme weather monitoring station opened in Lyndonville on Tuesday, the first in a planned network of monitoring stations to help fill gaps in extreme weather predictions and response. The station will be able to monitor the lead-up to major weather events like flooding or blizzards, giving the National Weather Service and state level emergency response officials localized data to inform evacuations and reducing the severity of property damage, according to Joshua Beneš, associate director of research facilities and networks at the UVM Water Resources Institute. Beneš said that even a few hours more of lead…
Affordable American Insurance LLC named Eddie Floyd to AAI’s leadership team as president of its retail agency division. Floyd will help lead the organization’s growth while overseeing the performance and expansion of its internal agency platform. Floyd has more than 25 years of insurance leadership experience spanning agency operations, sales management and executive roles. Most recently, Floyd was chief operating officer and partner at The Plexus Groupe. Prior to Plexus, Floyd held senior leadership roles at Relation Insurance Services, Rue Insurance, Kemmons Wilson Companies and Marsh. His background also includes experience building sales teams and leading complex integration efforts across…
The insurance market is “scaling along with the opportunity” presented by a massive boom in data centers to meet the power demands of artificial intelligence, said George Haitsch, North American tech, media, and telecommunication leader at broker Willis. Speaking at RIMS RISKWORLD in Philadelphia, Haitsch told Insurance Journal the infrastructure AI needs for computational power has “driven an increase in the need for significantly enlarged data centers,” and the insurance industry is stepping up to meet the specialized risks associated with data centers—financing, managing, constructing, and operation. ‘We’ve introduced…a seamless insurance solution that takes you from construction through operational without…
Hackers from a prominent cybercrime group used artificial intelligence to uncover a previously unknown software flaw and an exploit to take advantage of it for the first time, Alphabet’s Google said on Monday. The planned attack targeted a widely used open-source system administration tool but was blocked before it could be used as part of a “mass exploitation event,” Google said in a report from its Threat Intelligence Group. The incident marks the first time Google has identified attackers using AI to discover a new vulnerability and attempt to exploit it at scale. John Hultquist, chief analyst at Google Threat…
The legacy and run-off market is evolving to trade much more like the live market, according to speakers at the Insurance & Reinsurance Legacy Association (IRLA) annual Congress event held in Brighton today, while the opportunity to trade with and support ILS investor exit and liquidity needs is expected to continue, especially in casualty risks.At the IRLA congress media briefing today, industry speakers highlighted the health of the legacy and retrospective reinsurance market, which continues to shift towards capital-light models. In addition, the ramping up of activity in the alternative capital provider and ILS space, to facilitate exit certainty for…
The influential advisory group is recommending policies to boost human oversight and visibility into how Medicaid plans are using the technology, in a bid to prevent risks like inaccuracies or data bias.
Online fast-fashion platform Shein accused Temu of copyright infringement “on an industrial scale,” while Temu countered that Shein is using litigation to stifle competition, as a trial opened at London’s High Court on Monday. The case is part of a global legal battle between the fast-growing rivals, with potential implications for platform practices, supplier relationships and the enforcement of intellectual property rights across global e-commerce. Shein alleges Temu used thousands of its photos to advertise copies of Shein’s own-brand clothing on its website, to “piggy-back” on a more established competitor. “This was an attempt to steal a march on an…
California’s Santa Clara County has sued Meta Platforms, alleging it has profited from Facebook and Instagram ads promoting scams in violation of California’s false advertising and unfair business practices laws. The lawsuit – filed Monday in Santa Clara County Superior Court on behalf of all California residents – accuses the social media giant of tolerating fraudulent advertising on a global basis. The suit seeks restitution, civil damages and an order prohibiting Meta from engaging in unfair business practices. Related: Meta Asks California Judge to Throw out Landmark Social Media Addiction Verdict Citing leaked internal documents first reported by Reuters last…
At InsuranceFest, those humans will be fully deployed. Sessions, conversations, introductions, reconnections – the full thing. “Seeing old friends, making new connections, and collaborating on All Things Insurance” isn’t a PR line for RightSure; it’s a genuine operating mode. They show up to give as much as they get, which is exactly the kind of energy that makes an event worth attending in the first place.
U.S. global health efforts have undergone substantial changes since the start of the second Trump administration, including the freezing of funding in early 2025, the cancellation of numerous projects, reduction in funding, and the dissolution of the United States Agency for International Development (USAID)—once the world’s largest foreign aid agency. Following these actions, the State Department released the America First Global Health Strategy, claiming that existing global health programs were “inefficient and wasteful” and that countries were too dependent on the U.S. for support, proposing a new approach to “make America safer, stronger, and more prosperous.” Among other things, the…
Galvagno says she tried to make it stop. She emailed an agent named Annie Kenyon on November 22, 2022, asking to be removed from the internal call list. On March 13, 2023, she answered a call, again asked the company to stop calling, and informed it she was filing a complaint with the Federal Trade Commission. She filed that complaint on April 5, 2023. The calls, she says, kept coming.
A Massachusetts trial court judge has denied TikTok’s bid to dismiss the lawsuit against it by the Commonwealth of Massachusetts alleging that its popular social media video sharing site is intentionally designed to be addictive and harmful to young users and the company misrepresents its safety to the public. The ruling rejected the company’s argument that it is shielded from such lawsuits by federal law, meaning TikTok must face the charges in state court. The case mirrors one the state is pursuing against Meta Platforms in which the same judge, Suffolk Superior Court Justice Peter B. Krupp, found for the…
A state appeals panel last week upheld the bulk of Michigan’s regulations limiting local control over renewable energy projects, while rejecting narrow aspects that critics had decried as regulatory overreach. The three-judge Michigan Court of Appeals panel ruled that state regulators followed proper legal processes when they set rules to carry out a controversial 2023 law that allows the Michigan Public Service Commission to approve large wind, solar and battery projects over local objections. But judges ruled the commission interpreted certain aspects of that law in ways that improperly limited local power. It wasn’t immediately clear how the split ruling…