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April 24, 2025AXA Board Proposes to Renew CEO Buberl’s Mandate in 2026
French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday. Buberl, 52, has led the group since 2016 … …
April 24, 2025UniCredit Holds Stake of Between 6-7% in Generali, Source Says
UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …
April 24, 2025The Race to Fix Aging Computer Systems Heats Up With AI’s Help
Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their roots to …
April 24, 2025Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Options
Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This in …
April 24, 2025More Floridians Moving Out Due to Housing, Insurance Costs, Cotality Report Says
Florida’s elected leaders have long touted the “1,000 people a day” moving into the state. But that trend shows signs of slowing, with people moving out of the Sunshine State due to surging housing and property insurance costs, according to …
April 24, 2025Distracted Drivers Are Overconfident; 20% Still Texting While Driving
Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking …
April 24, 2025People Moves: SCM Names Valenzuela VP and Bond Manager; Breiter Joins Alliant in California
Valenzuela Joins SCM as Vice President and Bond Manager SullivanCurtisMonroe Insurance Services named Adriana Valenzuela vice president and bond manager. Before joining SCM, Valenzuela managed the surety department for Alliant Insurance Services’ Wes …
April 24, 2025Viewpoint: What Tariffs and Steel Prices Mean for E&S Construction Insurance in California
Steel prices have been anything but steady in recent years. With renewed discussions around tariffs and trade restrictions, another wave of volatility may be on the horizon. While much attention is paid to how rising material costs impact builders an …
April 24, 2025A California New Car Group Sues Volkswagen and Affiliate for Violating Franchise Laws
The California New Car Dealers Association filed a lawsuit against Volkswagen and its affiliate, Scout Motors, for allegedly violating California’s franchise laws. The CNCDA lawsuit, filed in in San Diego County Superior Court, asserts that Volkswage …
April 24, 2025Maryland Slashes Damages Amount Allowed in Child Sex Abuse Cases
Maryland, which in 2023 passed the Child Victims Act (CVA) that allows survivors who were victims of sexual abuse as minors to sue their abusers anytime, has now cut by half the amounts that may be awarded in such claims. …
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