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The insurance industry is facing a crucial moment as it increasingly turns to artificial intelligence (AI) tools. Dan Schreiber, the CEO of Lemonade, spoke about this shift during his keynote address at Insurtech Insights Europe in London on March 24, 2025. He emphasized that insurance companies need to embrace AI fully or risk falling behind. … Read more

In a recent discussion, experts Jim Dunlap from WTW and Chase Johnson from Lockton gathered for the first Construction Insurance Power Panel of 2025. They focused on the current state of construction insurance, particularly the capacity and interest of insurance carriers. This insightful conversation also touched on the scrutiny of contracts and the importance of … Read more

A maintenance technician has raised serious concerns about safety issues related to the Orlando Free Fall ride at Icon Park, just days after a tragic incident where a 14-year-old boy fell to his death. Austin Campbell-Alexander claims he alerted ride operators about problems, but his warnings were ignored. In a whistleblower lawsuit, Campbell-Alexander alleges that … Read more

Heathrow Airport, one of the busiest in the world, has faced a major shutdown after a fire at a nearby electrical substation disrupted its power supply. This incident, which occurred late Thursday night, has led to significant chaos in global air travel, with experts predicting that the effects will linger for several days and cost … Read more

Federal regulators have cited Tesla for safety violations linked to a tragic incident at its Austin, Texas manufacturing plant. This follows the electrocution of Victor Gomez Sr., an electrician who was working there last summer. The U.S. Department of Labor confirmed the citations, stating that the investigation by the Occupational Safety and Health Administration (OSHA) … Read more

Property insurance is starting to improve in many parts of the US, offering new growth opportunities, according to Gordy Bunch, CEO of The Woodlands Financial Group (TWFG). During the company’s recent earnings call, Bunch highlighted that while some regions are seeing better conditions, California continues to face significant challenges. Bunch pointed out that the property … Read more

The Life Insurance Consumer Advocacy Center (LICAC) has taken legal action against the California Department of Insurance (CDI) over claims that the department is not sharing consumer complaint data. This lawsuit, filed on March 21, 2025, alleges that the CDI has been unresponsive to multiple requests for this information. LICAC argues that the CDI initially … Read more

Small businesses in the United States are feeling the pinch from rising health insurance costs. These increases are making it tough for companies to manage their operations and keep employee benefits intact. FireflySci, a company that makes laboratory cuvettes and calibration standards, has reported annual health insurance cost hikes of over $10,000 from its provider, … Read more

A tragic series of accidents in a Wyoming highway tunnel resulted in three deaths on February 14. The crashes, which involved multiple vehicles, began when a pickup truck lost control on a slick road, blocking traffic. The incident occurred on Interstate 80, near Green River, Wyoming, after a snowfall left the highway wet and possibly … Read more

The National Transportation Safety Board (NTSB) is calling out Maryland officials for not assessing the risks of the Francis Scott Key Bridge before its collapse last year. The NTSB believes that if Maryland had conducted a proper risk assessment, steps could have been taken to prevent the tragic event that occurred in Baltimore. The Key … Read more