Pennsylvania Reports Sixth Measles-Linked Death as Cases Rise
Pennsylvania health officials on Wednesday reported the state’s sixth measles-associated death this year as the outbreak continued to spread. The state has emerged as the epicenter of the outbreak, accounting for a substantial share of infections reported nationwide. The state …
Markets/Coverages: Aon Client Treaty Facility Expands to 35% Co-Insurance for 2027
Aon plc, the re/insurance broker, announced the successful renewal of the Aon Client Treaty (ACT) facility. From Jan. 1, 2027, the facility will enable 35% co-insurance on eligible business placed through Aon’s Global Broking Centre and on facultative reinsurance placed …
AI Sharpens Cat-and-Mouse Hacking Battle as Companies Strengthen Defenses
From hacked supermarket fridges and a record cryptocurrency theft at Binance to an emergency over flaws in widely used web software, companies worldwide are facing a wave of cyber threats executives say AI is accelerating and making more sophisticated. The …
European Airlines Face Second Wave of Aircraft Bomb Threats
European airlines suffered a second wave of bomb threats on Thursday that indiscriminately targeted companies from low-cost operator Wizz Air Holdings Plc to Finnish flag carrier Finnair Oyj, throwing air travel into disarray across a region already grappling with a …
Stray Drones Spawn a Growing Area of the Insurance Market
Storms, high winds, fire hazards and equipment failure are many of the typical risks involved with the solar power industry. For the Dagda solar farm in rural Latvia, there’s now another one: drones. The owner of the farm, Sunly, has …
AIG Steps Back from NPW Growth Target on Pressure in Some Lines
In one form or another during periods of some kind of marketplace softening, public insurance companies will insist underwriting discipline is being maintained. The insurer, they will say, won’t chase rate. For AIG, that means stepping back from guidance it …
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation
A Florida appeals court has blocked, at least for now, a lower court’s order that would have required the release of financial records that Heritage Property & Casualty Insurance and two other carriers have said are trade secrets protected by …
Lockheed to Pay $30M to Settle Trump Administration Claims Over DEI Practices
Lockheed Martin has agreed to pay nearly $30 million to settle claims by President Donald Trump’s administration that the defense contractor discriminated against white workers through its workplace diversity, equity and inclusion (DEI) policies, according to two federal agencies. The …
Is El Niño Making Storms And Flash Floods in The Southwest Worse?
A chaotic climate phenomenon is intensifying heavy rains and floods in the Southwest, experts say. A natural warming cycle called El Niño is sizzling Pacific Ocean waters, leaking moisture into the air that can fuel passing storms. Such El Niño …
People Moves: Allianz Commercial Appoints Swepson as West Zone Distribution Leader
Kenji Swepson joined global insurer Allianz Commercial as the west zone distribution leader and wholesale strategic relationship leader. Based in Los Angeles, Swepson reports to John Gambale, chief distribution officer, Americas, and is responsible for driving client and broker relationships …
Idaho Man Sentenced for Insurance Fraud for Raft He Never Owned
A Kuna, Idaho, man was sentenced to a stint in jail and probation for insurance fraud involving a claim for a whitewater raft that he did not own. Justin Moss filed a claim for more than $17,000 from Progressive Insurance …
EPIC Acquires High Net Worth Firm Randall Insurance in California
EPIC Insurance Brokers & Consultants acquired E. Broox Randall & Sons Inc. in Los Angeles. The acquisition expands EPIC’s Private Client practice and commercial insurance operations in Southern California. Randall Insurance was founded in 1922 by E. Broox Randall and …
Connecticut Approves 4.9% Workers’ Compensation Decrease for 2027
The Connecticut Insurance Department has approved decreases in workers’ compensation rates for employers starting January 1, 2027. The voluntary market loss costs will decrease -4.9% overall, while assigned risk plan rates will go down -5.8% overall. The changes reflect the …
AIG’s General Insurance Q3 Underwriting Income Down 29%
Third quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment decreased nearly 30% compared with the prior year, to $564 million. Insurance financial results for Q3 included catastrophe losses of $283 million, and increase over the $100 …
Trump Says More FEMA Aid is Coming to Texas After 2026 Floods
President Donald Trump pledged to provide more federal aid to Texas flood victims after the Federal Emergency Management Agency denied the state’s initial request to help individuals recovering from widespread floods in July. The flooding swept through portions of southwest …
Michigan Health Care Provider to Pay $41K in Race Discrimination Lawsuit
Mid-Michigan Home Health & Hospice, L.L.C., a private in-home health care provider to clients throughout central Michigan, will pay $41,137 and provide other relief to settle a race discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission …
Americans Reject Use of AI for Medical and Coverage Decisions
Most Americans don’t want artificial intelligence making decisions about their medical care and insurance, according to a new Pew Research Center report. While Americans are generally open to AI use in healthcare for tasks like translating, 60% of the 3,488 …
People Moves: Specialty Program Group Adds Dearing as SVP of SPG ExecuPro
Specialty Program Group has added Victoria “Vicky” Dearing as senior vice president of SPG ExecuPro, the Eecutive & Professional Liability solution within SPG Wholesale. Dearing brings more than 45 years of insurance industry experience, including over three decades specializing in …
People Moves: Brown & Riding’s National Management & Professional Liability Practice
Matthew Allen has joined Brown & Riding‘s national management & professional liability practice. Allen has over 15 years of industry experience and specializes in D&O, EPL, fiduciary, and crime coverage for private and nonprofit organizations, and professional and cyber liability …
Erie CEO NeCastro Steps Down Early; Bolash Named Interim Leader
Erie Insurance President and CEO Tim NeCastro, who announced in February that he would be retiring at the end of the year, stepped down today. The company statement said NeCastro “has decided to conclude his tenure with Erie earlier than …
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