Allstate Estimates $1.7B of Q1 Cat 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 ...

How AI Chatbots Can Expose Corporate Secrets

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 ...

Clear Intent to Exclude Named Storms Not Enough to Deny Coverage

In 2015, the Shiloh Christian Center in Melbourne, Fla., cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms.

Courts Mixed on PFAS Coverage Litigation

A handful of coverage lawsuits have been decided over the application of pollution exclusions to deny coverage for PFAS claims, and rulings have been split on whether ...

GEICO Faces Class Action for Allegedly Underpaying Auto Claims

GEICO General Insurance Co. must face a class action suit alleging that it has been underpaying benefits to its insureds injured in automobile accidents.