March 19, 2025

Florida Bill Would Limit AI in Claims Denials, Extend Bar on Execs, Raise Surplus Levels

After years of rising insurance premiums, anger from homeowners, and recent reports about some property insurance carriers’ alleged diverting of profits, bills seen as “consumer friendly” continue to gain traction in the Florida Legislature. One of those bills, Senate Bill …

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After Florida Report, Georgia Senator Wants Investigation into MGAs, Insurer Profits

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Sen. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

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People Moves: Coalition’s First CTO Virudhagiri Joins From Tesla

Coalition, the world’s first active insurance provider designed to prevent digital risk before it strikes, hired Maha Virudhagiri as the company’s first chief technology officer (CTO). Virudhagiri will lead engineering, IT, infosec, data, and artificial intelligence (AI) efforts to accelerate …

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Navigation Parts Failure Blamed for United’s Boeing 787 Jolt That Injured 15 Passengers

Investigators found that two key navigation parts failed on a United Airlines flight from Lagos to Washington on January 24, causing the plane to lurch suddenly and injure several passengers. The National Transportation Safety Board said the left and then …

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New York Financial Services Regulator Launches New Platform, Boosts Staffing

The New York State Department of Financial Services (DFS) has launched the DFS Connect platform, a portal that will centralize the department’s interactions with regulated entities and consumers. According to DFS Superintendent Adrienne Harris, DFS Connect is a “pivotal example” …

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Markets/Coverages: Marsh Expands Cyber Insurance Facility With $45M of Extra Capacity

Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of Cyber Echo Encore, an enhancement to its existing Cyber Echo insurance facility. The facility’s enhancement provides Marsh clients with the option to access up to $45 million in …

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