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Most insurance companies will “fail the AI test”: Lemonade CEO
“The only way for AI to be successful in the organization, beyond being a tool that people use to write things and query, is if you prepare for it,” Schreiber said. “AI, like people, needs to be trained. It needs feedback. It needs to be managed. It needs people looking over its shoulder and saying…

Ategrity Specialty files for initial public offering
Ategrity operates in 48 states and the District of Columbia on a surplus lines basis. At the end of 2024, California accounted for 21% of its gross written premium, followed by Florida at 16.2%, Texas at 12.8%, and New York at 6.4%. The company provides commercial property, low-limit general liability and management, as well as…

Zurich, RSA, Lloyds underwriters ordered to hand over documents to Chevron
However, during the hearing, Zurich disclosed that approximately 15 to 20 employees handled war-risk claims. Judge Corley directed the primary insurers to query those individuals about any prior claims involving vessel seizures, captures, or detainments, and to share their findings with Chevron. Source link

Soccer giant acquired by insurance mogul-led consortium
Andrew Cavenagh – who is the new co-owner of the Rangers? Cavenagh, a co-founder of ParetoHealth, brings a background in health insurance and risk management to the new ownership structure. ParetoHealth, established to offer innovative employee benefits captives and self-insurance solutions, manages approximately £5.2 billion in assets and focuses on providing cost-containment strategies for mid-sized…