A new bill in Florida aims to limit how insurers use artificial intelligence in claims handling. Senate Bill 202, filed by Sen. Jennifer Bradley, would require that only human employees—not AI—make ...

The Cayman Islands Monetary Authority cleared 11 new insurance licenses in the third quarter, keeping the island’s reputation as a magnet for captives and international insurers firmly intact.

Metropolitan Tower Life Insurance, a MetLife subsidiary, has entered into a $1.8 bn pension risk transfer deal with Eastman Kodak following the company’s decision to terminate its longstanding Kodak ...

Flood insurer Wright Flood, a subsidiary of Brown & Brown, said it will acquire the assets of Poulton Associates, one of the largest national catastrophe managing general agents. Closing is scheduled ...

NTT DATA, a global digital business and technology services company, acquires Alchemy Technology Services, a UK and Ireland consultancy with Guidewire chops and a serious track record in the London ...

Brown & Brown (Europe) struck a deal to acquire Pardus Underwriting, a UK managing general agent specializing in property owners and commercial combined insurance products. Terms weren’t disclosed, ...

10 major banks—including Bank of America, Goldman Sachs, Deutsche Bank, and UBS—just confirmed they’re teaming up to study the launch of a stablecoin tied to G7 currencies. Citi, MUFG, Barclays, TD ...

Howden US Services is staring at another legal fight. Willis Towers Watson says the broker has been staging “coast-to-coast raids” to build its U.S. business, including an alleged grab of an entire ...