RiverStone International, the Bermuda-based legacy acquisition specialist, announced two major loss portfolio transfer (LPT) reinsurance deals, including its first involving the insurance-linked securities (ILS) market. The ILS transaction, announced on Oct. 30, involved the reinsurance of portfolios associated with funds …

Binance Holdings Ltd. said Tuesday that the hackers behind a $6.3 billion heist used social engineering techniques including fake job interviews, as well as malicious software, in the most detailed report yet on how the incident unfolded. Binance, which attributed …

Four tornadoes tore across southwest Michigan in early March 2026, killing four people. They were the state’s deadliest natural hazards in decades. Gov. Gretchen Whitmer asked the Federal Emergency Management Agency for assistance to cover uninsured and underinsured losses. FEMA …

US air safety investigators said there are early indications the Learjet 60 that crashed in Palm Beach, Florida, on Sunday had broken up before impacting the ground, killing all nine people on board and injuring at least one person on …

Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative Reinsurance. This expansion marks a key milestone in Vantage’s …

The Oregon Supreme Court will on Tuesday review a verdict that could expose Berkshire Hathaway’s PacifiCorp utility to tens of billions of dollars of potential damages over its role in four Oregon wildfires in 2020. Oregon residents and business owners …

Britain should be prepared for an AI-powered cyberattack on its critical national infrastructure in the next two years, the UK’s National Cyber Security Centre said on Tuesday, adding that China was likely the best equipped to conduct such operations. Richard …

The Institutes Griffith Foundation and the American Property Casualty Insurance Association (APCIA) honored John C. “Jack” Roche, president and chief executive officer of The Hanover Insurance Group, with the 2026 Lifetime Achievement Award during the APCIA Annual Meeting in Boston, …

Barclays Plc has been stepping up its review process to ensure it detects client exposures to intensifying flood risks. The bank has been running internal models to make sure it’s tracking different scenarios, said Amit Puri, its head of sustainability …

The Federal Trade Commission (FTC) and eight states have filed a lawsuit against Toast Inc. alleging the restaurant software company charges restaurants hidden and unauthorized fees and unwanted add-ons; fails to deliver on its customer support promises; and makes it …

German drugs and agrochemicals group Bayer is expecting a $7.25 billion settlement on its Roundup weedkiller to come before Christmas, CEO Bill Anderson said on Tuesday. The company is seeking to resolve tens of thousands of Roundup lawsuits through the …

On the eve of the midterm elections, there may be larger issues but none may approach the convergence of economic development, technology, politics, and local concerns quite like data centers. Certainly, data centers have become a steady rallying cry in …

Banks whose clients are exposed to the super El Niño cycle building in the Pacific Ocean are now assessing loan structures and loss risks, with debt rescheduling among options being considered. Spain’s Banco Bilbao Vizcaya Argentaria SA, which aside from …

These days the insurance industry is “caught in the crosshairs,” and it may also be caught flatfooted – responding to recent scrutiny of a policy’s worth rather than working from in front with appropriate data. In Boston at the American …

Extreme weather is having a measurable impact on Britain’s public finances as areas including railways, prisons and healthcare are increasingly affected, the UK’s National Audit Office said. The full scale of the damage remains difficult to gauge, however, as many …

One year after Progressive insurance was forced to disgorge excessive profits in Florida, a Kemper insurance subsidiary must now do the same. Infinity Auto, a nonstandard and specialty insurer based in Birmingham, Alabama, filed an excess profits report with the …

Eight years after it began operations and three months after going public, Orion180 Insurance Group has continued its growth trajectory with the opening of a new corporate headquarters in Melbourne, Florida. The 40,000-square-foot office includes a gym, patio, dining area …

A federal judge dismissed on Monday a lawsuit by President Donald Trump’s administration seeking to force Harvard University to turn over records for an investigation into whether it continues to consider race in its student admissions process. US District Judge …

California Insurance Commissioner Ricardo Lara made two appointments and three reappointments to two of the California Department of Insurance‘s statewide governing boards: the California Organized Investment Network (COIN) Advisory Board and the Curriculum Board. Guinevere Doner and Jonathan Parfrey join …

The New York State Department of Health said on Monday that a child in Lewis County had died in connection with an ongoing measles outbreak, marking the state’s first known measles-associated death in more than 30 years. Last month, Governor …