Whitepaper finds there has been a tenfold surge in AI lawsuits and notes that traditional insurance often fails to cover key risks from AI errors, hallucinations, and systemic faults.
Subsidiary of property conglomerate had its ratings affirmed, with AM Best noting a shift in its investment portfolio towards cash and high-grade fixed income assets.
Legacy insurer has named Mark Fleiser as managing director of its new Australian operation, following the acquisition of a local insurer and a legacy portfolio from Zurich.
