Caterpillar’s AI-powered machines are transforming the landscape of equipment insurance.

Caterpillar is seeing a big boost in demand for its AI-powered equipment, especially in energy and transportation, thanks to the rise of data centers and the push for more automation. The company beat expectations in its third-quarter earnings, causing its stock to jump 12%. But beyond the numbers, Caterpillar’s shift toward autonomous machines is shaking … Read more

Potential drawbacks of presenting candidates with ‘best and final’ salary offers

Employers who present their highest and final salary offer right at the start of the hiring process may risk pushing away top candidates, experts warn. This trend, which began in the tech industry, is spreading to other fields, but it could have some unintended consequences. Korn Ferry, a global organizational consulting firm, cautions that offering … Read more

Insurers prepare for potentially record-breaking losses as Bill Gates advises ‘don’t panic’ about climate change.

Hurricane Melissa, one of the strongest storms ever recorded in the Atlantic, struck Jamaica on Tuesday with devastating force. The Category 5 hurricane, packing sustained winds of 185 miles per hour, moved slowly across the island, causing widespread destruction. Homes were flattened, trees uprooted, and power knocked out across large areas. The full extent of … Read more

Approaches to Workers’ Compensation Amid Evolving Risk Conditions

Andy Shelton, the workers’ compensation practice leader and property & casualty broker at Brown & Brown in Washington, recently shared his thoughts on the current state of workers’ compensation. In a focused discussion, he highlighted some key developments and challenges facing the sector today. Shelton pointed out that changes at the state level are shaping … Read more

Liability Insurance: A Broker’s Guide to Safeguarding Businesses

Liability insurance is an important safety net for many businesses. It protects against financial losses if a company is found responsible for injury or damage to others. Whether it’s a small shop or a large corporation, having the right liability coverage can mean the difference between staying afloat or facing serious money troubles. This type … Read more

Chatbots Ignite a New Era in Cyber Litigation

Chatbots, once praised for making customer service easier, are now causing concern in the world of cyber insurance and legal risk. Experts warn that the way these AI tools collect and use personal data could lead to a surge in lawsuits and stricter regulations. The rise of chatbots comes with new privacy challenges. They collect … Read more

USAA faces lawsuit as policyholders accuse company of systemic bad faith in handling claims

A Texas-based insurance company is facing a serious lawsuit from policyholders in Los Angeles, who claim the insurer acted in bad faith during a costly property damage claim. Robert, Kandis, and Samantha Spector have taken USAA Casualty Insurance Company to federal court, accusing it of delaying payments, underpaying, and mishandling their homeowners insurance claim after … Read more