Markets/Coverages: FM Bumps Up Limits for Data Centers to $5B
Commercial property insurer FM announced a significant increase in capacity to support its global FM Intellium clients and the data and power generation ecosystem. FM can now provide up to $5 billion in capacity for the growing data-center industry. FM …
Iowa Landlord to Pay $325K Settlement in Sexual Harassment Lawsuit
The Justice Department announced that the owner and property manager of residential rental properties in Davenport, Iowa, have agreed to pay $325,000 to resolve a lawsuit alleging that the property manager sexually harassed female tenants in violation of the Fair …
Iowa Woman Charged With Insurance Fraud
Cristal Gale Kastantin, of Wheatland, Iowa, was arrested on January 3, 2026, on outstanding arrest warrants for committing insurance fraud, the Iowa Insurance Division announced. Kastantin was charged with one count of Ongoing Criminal Conduct (Class B Felony), one count …
California Wants to Mix Hydrogen With Gas to Cut Pollution. Critics Say That Poses Risks
Alma Figueroa began to worry when she learned that her gas provider wanted to test a controversial solution to curb global warming: blend hydrogen with natural gas to power her stove and other appliances. Figueroa, who has asthma and recently …
APCIA Backs Federal Bill to Require Litigation Funding Disclosure
The American Property Casualty Insurance Association (APCIA) has released a statement in support of federal legislation, up for committee discussion today, that is meant to increase the transparency of third-party financers in litigation. The Protecting Third Party Litigation Funding From …
People Moves: Chaucer Taps Carpenter’s Loh as CEO Singapore; Price Forbes Singapore Names Carpenter’s Heath as Head of Reinsurance and Wholesale
This edition of International People Moves details appointments at Chaucer Group and Price Forbes Singapore. A summary of these new hires follows here. Chaucer Taps Carpenter’s Loh as CEO Singapore, AXA XL’s Bryan to Lead Reinsurance APAC Chaucer Group, the …
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS
A service door that might have offered a second escape route at the Swiss bar where a deadly fire claimed 40 lives on New Year’s Eve was locked at the time of the incident, one of the managers told Swiss …
Markets/Coverages: Berkshire (BHSI) Expands Casualty Lines in Italy
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of primary casualty policies for national and multinational risks in Italy. “We are pleased to launch our modular, proprietary primary casualty solution, expressly designed to meet our customers’ need for simplicity, clarity …
Factbox: Elon Musk’s Grok Faces Global Scrutiny for Sexualized AI Deepfakes
Governments and regulators from Europe to Asia are cracking down on sexually explicit content generated by Elon Musk’s xAI chatbot Grok on X, launching probes, imposing bans and demanding safeguards, in a growing global push to curb illegal material. Here …
BBC Defends Documentary Targeted by Trump in $10 Billion Suit
The British Broadcasting Corp. signaled some of its defenses against President Donald Trump’s $10 billion defamation lawsuit, telling a judge that the documentary at the center of the case was fair despite a misleading edit of one segment. The BBC …
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report
Global insured losses from natural disasters fell to $108 billion last year, Munich Re said in a report on Tuesday. That compared with an inflation-adjusted $147 billion in 2024, the German reinsurer said, as the U.S. mainland avoided hurricanes for …
Schrager Hampson Aviation Acquires Delaware’s Einstein Insurance
Schrager Hampson Aviation Insurance Group (SHAIG) announced the acquisition of Einstein Insurance Inc., an aviation insurance agency based in New Castle, Delaware, Einstein Insurance Inc. became part of Schrager Hampson Aviation Insurance Agency, a division of SHAIG, on January 1, …
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches
Artificial intelligence continues to be at the center of Experian’s annual breach forecast for 2026, with the scope, frequency and cost of cyber incidents heavily influenced by the technology. AI makes its way into many of the predictions in Experian’s …
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits
Florida property/casualty insurance leaders have said they are not expecting big changes from the legislature’s 2026 regular session that begins today, given the much-touted impact that 2022 reforms have already had on excessive litigation costs in recent years. But one …
Supreme Court Rejects Challenge to $2.46B Boy Scouts Sex Abuse Settlement
The U.S. Supreme Court declined on Monday to hear a challenge to the Boy Scouts of America’s landmark $2.46 billion settlement of sex abuse claims in a case involving a group of abuse survivors who wanted to pursue lawsuits against …
Judge Lets Orsted Resume Rhode Island Offshore Wind Project Halted by Trump
A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump’s administration halted along with four other projects last month. The ruling by U.S. District …
Ex-Insurance Agent Sentenced for 2 Fraud Counts Faces Additional Charges
A Baltimore County judge sentenced Michael C. Okolo, of Parkville, Maryland, to six months incarceration for two counts of insurance fraud and one count of obstruction of justice. A jury found Okolo guilty of those charges on December 4 last …
Experts Wary of Privacy, Liability From AI Health Gadgets at CES in Nevada
Health tech gadgets displayed at the annual CES trade show make a lot of promises. A smart scale promoted a healthier lifestyle by scanning your feet to track your heart health, and an egg-shaped hormone tracker uses AI to help …
FAA Notice Warned of Slackline Before Deadly Arizona Helicopter Crash
Federal aviation records show that a week before a fatal helicopter crash, a notice was issued that a tightrope would be stretched across a mountainous area of Arizona, providing a warning for pilots to watch out for the temporary obstacle …
Sexual Assault Charges Dropped Against Former AIG Exec McElroy
Authorities in Vermont have dropped sexual assault charges against David McElroy, a former executive at American International Group (AIG). According to a document filed in Vermont Superior Court in Lamoille County, the state’s attorney for Lamoille County on Dec. 31, …



