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Tokio Marine sets aside $10 billion for global expansion

Japan-based Tokio Marine Holdings Inc. plans to spend more than $10 billion on global acquisitions to expand its international business, Life Insurance International reports,citing Bloomberg. The insurer aims to reduce its U.S. earnings share from 80% to about 70% by increasing exposure in Latin America...

Theo Award Overview : Risk & Insurance

Like its predecessor the Teddy Award, this award was named for President Theodore Roosevelt, who enacted the country’s first significant workers’ comp legislation. With the Theo Award, National Comp and Risk & Insurance usher in a new era, recognizing the value in each...

AI at work at your insurance company deciding claims, detecting fraud

Florida lawmaker: 83-year-old yet to receive Hurricane Ian damage helpDuring a committee hearing, State Rep. Mike Caruso said a woman is still waiting for an insurance company to assist with her Hurricane Ian damages.Florida lawmakers are examining the use of artificial intelligence in...

Insurance – Release – Discovery

Listen to this article Where a plaintiff insurance company has requested a declaration that it did not violate any duties to its policyholder or otherwise act in bad faith when it refused to make any coverage payment to the defendant on behalf of...

Workers’ Comp Delivers Record Profits in 2024 as Pricing Declines

Workers' compensation line posts lowest combined ratio among major P&C segments despite accelerating rate cuts: AM Best. ...

Florida lawmakers ponder AI in insurance

Amid explosive development...