Insurance Journal News Feed

Insurance Journal news feed

1. Florida AG Sues Climate Modeler First Street Over Home Risk Scores

   Florida is suing the climate-risk modeling firm First Street Technology Inc., accusing it of penalizing state homeowners with risk scores based on flawed science. Filed Oct. 23, the lawsuit highlights growing pushback against the scores, which are intended to give …

2. Six Flags to Install Seat Belts on Georgia Roller Coaster After Rider’s Death

   The chief executive of Six Flags says the company will install seat belts on the Georgia roller coaster from which a rider fell to his death earlier this month. The company’s rides with similar restraints will also get the safety …

3. Iran Says It Will Take Action Against Sinokor Ships in Hormuz

   Iran’s Persian Gulf Strait Authority said it would take “legal action” against tankers belonging to Sinokor, the world’s biggest oil tanker owner that has carried millions of barrels out of the Strait of Hormuz in recent weeks. “The vessels belonging …

4. Guidewire to Buy UK Insurance AI Firm hyperexponential in Deal Worth Up to $2.1B

   Insurance software maker Guidewire said on Tuesday it would buy hyperexponential for $1.7 billion in cash and up to $400 million more if revenue targets are met, to expand into AI tools that help insurers assess price and risk. London-based …

5. French Banks to Face Investor Scrutiny Over Risks from Turmoil

   French lenders will face heightened scrutiny over turmoil in the country when they present third-quarter earnings this week, with investors focused on their sovereign bond holdings and risks from a potential slowdown in the economy. BNP Paribas SA, Societe Generale …