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Category: Insurance Journal

ChatGPT Poised to Expose Corporate Secrets, Cyber Firm Warns
Insurance Journal | April 20, 2023
ChatGPT Poised to Expose Corporate Secrets, Cyber Firm Warns
Companies using generative artificial intelligence tools like ChatGPT could be putting confidential customer information and trade secrets at risk, according to a report from Team8, an Israel-based venture firm. The widespread adoption of new AI chatbots and writing tools could …
Wisconsin Lawmakers Aim for Harsher Carjacking Penalties
Insurance Journal | April 20, 2023
Wisconsin Lawmakers Aim for Harsher Carjacking Penalties
MADISON, Wis. (AP) – A bipartisan bill designating carjacking as a criminal offense and creating harsher penalties for people who use a weapon to steal a vehicle was set for final approval in the Wisconsin Legislature on Tuesday. Passage by …
Tech Firms Try to Muzzle Workers With NDAs, SEC Tipsters Say
Insurance Journal | April 20, 2023
Tech Firms Try to Muzzle Workers With NDAs, SEC Tipsters Say
Some top US technology companies are forcing workers to sign allegedly illegal labor agreements, according to complaints filed with the Securities and Exchange Commission, despite years of enforcement by the agency against the practice. Firms, including an Apple Inc. subcontractor, …
Auto Insurance Shopping Rises as Consumers Seek Better Rate
Insurance Journal | April 20, 2023
Auto Insurance Shopping Rises as Consumers Seek Better Rate
Auto insurers have been forthcoming in their desire to achieve rate to match increases in claims costs and, so far in 2023, consumers are not standing by. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the …
Plaintiffs ‘Shocked’ as Judge Ends Hartford Police Consent Decree Imposed in 1973
Insurance Journal | April 20, 2023
Plaintiffs ‘Shocked’ as Judge Ends Hartford Police Consent Decree Imposed in 1973
A judge has ended the nearly 50 years of federal oversight of police in Hartford, Connecticut, despite continued concerns the department still has not hired enough minority officers to reflect the city’s large Black and Hispanic populations. U.S. District Judge …
People Moves: Landy Agency Hires McNamara for Marketing/Sales; XPT: S&H Adds March, Specialist Adds Martincich
Insurance Journal | April 20, 2023
People Moves: Landy Agency Hires McNamara for Marketing/Sales; XPT: S&H Adds March, Specialist Adds Martincich
Herbert H. Landy Agency Hires McNamara as Marketing and Sales VP Herbert H. Landy Insurance Agency has hired Stephanie McNamara as national marketing and sales vice president. McNamara brings over 30 years of experience in the insurance industry to the …
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses
Insurance Journal | April 20, 2023
Allstate Estimates $1.7 Billion in Q1 Catastrophe Losses
Allstate Corp. said pre-tax catastrophe losses for the first quarter are expected to be about $1.7 billion, with about $1.3 billion occurring during the month of March. Losses in March were attributed to 10 events with 75% of losses related …
Workers’ Comp Takes Bite Out of Employee’s Right to Sue Third Party: Pennsylvania High Court
Insurance Journal | April 20, 2023
Workers’ Comp Takes Bite Out of Employee’s Right to Sue Third Party: Pennsylvania High Court
A Pennsylvania employer cannot be sued for blocking an employee from suing the third party responsible for her workplace injury, the state’s high court has ruled in reversing two lower courts. In a case involving an employee who was bitten …
Tennessee Lawmakers Move to Shield Gun Makers From Lawsuits After Shooting
Insurance Journal | April 20, 2023
Tennessee Lawmakers Move to Shield Gun Makers From Lawsuits After Shooting
In the wake of a deadly school shooting last month, Republican lawmakers in Tennessee awarded final passage Tuesday to a proposal that would further protect gun and ammunition dealers, manufacturers and sellers against lawsuits. The Senate’s 19-9 vote sends the …
Insured Losses from Mississippi Tornado Nearing $100 Million
Insurance Journal | April 20, 2023
Insured Losses from Mississippi Tornado Nearing $100 Million
Insurance losses from the March tornado that carved a path of destruction through parts of Mississippi are approaching $100 million, and uninsured losses will likely exceed that number, the state insurance department announced Tuesday. The damage is particularly severe in …