Insurers urged to step up AI administration amid increasing regulations

Insurance companies urged to step up AI governance amid increasing regulation

[ad_1] Insurance companies must also become increasingly involved in the management of AI systems in the face of increasing regulatory pressure. Every organization must have an AI governance platform to avoid the risk of violating privacy and data protection laws, engaging in bias or discrimination or unfair practices. “Once such regulation or legislation is enacted, … Read more

Revealed – FM Global’s latest financial strength ratings

Revealed – FM Global's latest financial strength ratings

[ad_1] FM GlobalThe company, a commercial property insurer and leader in loss prevention and business continuity, has released its latest ratings and outlook from Fitch Ratings and S&P Global Ratings. FM Global’s ratings from Fitch There is FM Global It has received a financial strength rating of “AA” (Very Strong). and Fitch’s “fixed” outlook. Fitch’s … Read more

RIMS’ new president shares what he’s done to stay on top of risk management

RIMS' new president shares what makes her stay in risk management

[ad_1] Jennifer Santiago (pictured above) was sworn in as president of RIMS, the international risk management association, earlier this year. Santiago holds RIMS-CRMP, ARM, and MBA designations, and is co-owner of Wakefern Food Corp., America’s largest retailer. He is Director of Risk Management and Security at He has been a member of RIMS for 15 … Read more

Gallagher reveals 2022 full-year results

Gallagher reveals 2022 full year results

[ad_1] The global broker’s brokerage segment expects 2022 net income of $1.2 billion (adjusted: $1.8 billion), up from $1 billion a year earlier. In the risk management segment, net revenue was US$115.8 million (adjusted: US$120 million), rebounding to $89.5 million in 2021. The Net loss in its corporate segment Increased from $151.1 million in 2021 … Read more

Alliant Insurance names three vice presidents in three states

Alliant Insurance names trio of vice presidents across three states

[ad_1]   Kristen Gunter joins Alliant Insurance Services in Los Angeles with a diverse background in employee benefits, insurance, compliance and administrative outsourcing. #Alliant Insurance #Employee Benefits — Alliant Insurance (@AlliantIns) January 25, 2023 Gunter brings more than two decades of industry experience to his new role, having served as senior vice president … Read more

Risk Strategies acquires Tannenbaum-Harbor, Florida

Risk Strategies acquires Tanenbaum-Harber of Florida

[ad_1] Risk Strategies has revealed it has acquired Florida-based insurance and risk management consultancy Tanenbaum-Harber. Terms of the deal were not disclosed. Founded in 1860, Miramar, FL-based Tanenbaum-Harber is one of the largest independent retail companies operating in South Florida. A step freedomRisk Strategies acquired not only Tanenbaum-Harber of Florida, but also the assets of … Read more