AGP Executive Report
Last update: an hour agoRegulatory & Policy: New Jersey lawmakers advanced a bill to ban using AI to deny auto, homeowners and flood claims, with penalties up to $5,000 per violation. Claims & Consumer Protection: Beazley rolled out an AI clarifying endorsement for cyber insurance, aiming to reduce uncertainty about AI-related attacks and breaches. Disaster Response: Philippines’ GSIS expanded emergency loans to nearly PHP8bn for 317,721 members and pensioners in 16 calamity areas, offering up to PHP40,000 at 6% interest. Company Moves: Royal London appointed Bríd Meaney as chief customer officer next year, while IAG said it will exclude KPMG from its 2027 auditor tender after the audit scandal. Risk & Underwriting Tech: Mosaic launched HALO, an AI-powered underwriting system to bring specialty products to SMEs faster. International Insurance: Ukraine expanded its war-risk insurance program for businesses, adding Kyiv and raising the annual compensation cap to UAH 5m. Market Signals: Japan households’ stock and investment trust holdings overtook insurance and pensions for the first time, reflecting a shift toward risk assets. Cyber/Health Rules: A US case over app-tracking “employer” status could reshape access to job-based health plans and ACA coverage rules.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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