One of the most successful hedge fund strategies of recent years — insurance-linked securities — is latching on to an old idea whose popularity is suddenly soaring. Parametric insurance, where policyholders get quick payouts if weather-related metrics are met, used …

PricewaterhouseCoopers LLP, one of the world’s largest professional advisory firms, has cut prices for some services as clients raised the fact that the consultancy is using artificial intelligence to complete its work quicker. “Clients would hear us talking about using …

The UK government is planning to announce rule changes to help create a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. Chancellor of the Exchequer Rachel Reeves is expected to lay out …

US National Hurricane Center (NHC) forecasters accurately predicted Hurricane Erick would explode in intensity as it hit Mexico’s Pacific coastline. Now, key tools that helped inform that outlook will go away by the end of this month, and it’s unclear …

Tech companies Google and Palo Alto Networks are sounding the alarm over the “Scattered Spider” hacking group’s interest in the aviation sector. In a statement posted on LinkedIn on Friday, Sam Rubin, an executive at Palo Alto’s cybersecurity-focused Unit 42, …

General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions. In a 9-7 vote, the 6th U.S. Circuit …

More than four years after a Florida condominium collapse killed 98 people, federal investigators have yet to make a final determination of the cause — but they do have some leading theories. The National Institute of Standards and Technology, the …

An iconic tourist attraction in an area of western North Carolina among the hardest hit by Hurricane Helene reopened to the public on Friday, nine months after the storm brought historic flooding, destruction and loss of life. North Carolina Gov. …

Two more property insurers have put their toes in the Florida market this summer, bringing to 14 the number of new carriers in the state since 2023. It’s another sign that legislative discouragement of claims litigation has made a difference …

Alliant Insurance Services hired Jordan Leclair as vice president. The Phoenix, Arizona-based benefits consultant joins Alliant with a background spanning healthcare, HR technology and employee benefits. Leclair has experience supporting organizations ranging from local and regional businesses to large national …

A former champion college athlete and aspiring Olympian known for his prowess in track and field events has advanced his lawsuit that blames cannabis retailers for his cannabis-induced psychosis that led to a suicide attempt. A New Jersey state judge …

Michigan Attorney General Dana Nessel announced a settlement agreement with Domtar Industries, LLC and E.B. Eddy Paper, Inc. (together, Domtar) to address releases of per- and polyfluoroalkyl substances (PFAS) at the Techni-Comp, Inc. composting site near Port Huron. Nessel filed …

A group is ending a 20-year search for a plane that crashed into Lake Michigan in 1950, killing all 58 people on board, after sweeping the vast body of water using sonar technology and even getting support from an acclaimed …

Insurers in the U.S. paid out about $1 billion in claims for lightning-related damage in 2024, down 16.5% from the amount paid in 2023, according to the Insurance Information Institute (Triple-I). The tally was $1.04 billion in 2024 compared to …

This edition of International People Moves details appointments at insurers MS Amlin and Allianz Commercial. A summary of these new hires follows here. MS Amlin Taps Nilsson From Talbot as Political Violence Underwriter MS Amlin, the Lloyd’s re/insurer, has further …

The cost of a cyberattack extends far beyond any immediate mitigation expenses or ransoms paid. Reputational costs and dipping stock values can be a significant portion of losses, according to the new Aon Global 2025 Cyber Risk Report. Reputation risk …

Oregon lawmakers have voted to repeal the state’s contentious wildfire hazard map, which subjected homeowners in certain areas at high risk of wildfires to stricter building codes and requirements to reduce vegetation on their properties. The measure passed the state …

China’s aviation regulator will from Saturday ban passengers from carrying power banks without Chinese safety certification markings, as well as those recently recalled by manufacturers because of safety concerns. The move, which applies to anyone boarding a flight in China, …

A city of Danville employee is being given another opportunity to gain workers’ compensation benefits after a deputy commissioner denied his claim because of the employee’s willful misconduct in not following driver safety rules at work. Claude Averett does not …

A northern West Virginia region still cleaning up from flash flooding less than two weeks ago was hit with torrential rains that sent creeks over their banks again Thursday night. A flash flood warning was issued for the Wheeling area, …