4 days 16 hours ago
Hong Kong’s Cathay Pacific Airways Ltd. said it had joined a growing list of global airlines affected by a data breach at a major software provider. Cathay said around 53,000 bookings were affected by unauthorized access to reservation data held …
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4 days 16 hours ago
A US federal appeals court on Friday reinstated a jury’s verdict against the National Football League in an antitrust lawsuit claiming it overcharged subscribers to its Sunday Ticket game telecasts for more than a decade, but said the league can …
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4 days 16 hours ago
An Alabama insurance agency cannot yet escape a boat dealer’s claim that the agency failed to refund thousands of dollars after coverage was canceled in 2023, the state Supreme Court said in a recent decision. McCarron Insurance Group, an independent …
William Rabb
4 days 16 hours ago
Property insurance claim reviewers and engineers frequently encounter a forensic anomaly: A mitigation contractor reports a roof leak, logs ceiling moisture readings of 40%, 60%, or 80%, drills a line of holes into the drywall, and runs mechanical drying equipment …
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4 days 17 hours ago
Residents and visitors in a small coastal city in Oregon were evacuated last week when a fire erupted at a seafood production plant and it was feared ammonia tanks could rupture and send dangerous amounts of the chemical into the …
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4 days 17 hours ago
A Pineapple Express weather system brought rains to Southern California on Halloween, then moved to Arizona on Sunday, where between 2 inches to 6 inches of rain caused some flooding. AccuWeather meteorologists say another system is on its way to …
Don Jergler
4 days 17 hours ago
Pennsylvania Governor Josh Shapiro signed House Bill 1972 into law, updating the state’s public adjuster law by capping adjusters’ fees, requiring pre-contract disclosures, prohibiting kickbacks from contractors, and strengthening licensing enforcement. The new law provides stronger protections for homeowners, businesses, …
5 days 10 hours ago
Binance began restoring customer withdrawals Sunday after hackers drained over $6 billion in the biggest cyber theft ever recorded, as the crypto industry awaits answers on the breach blamed on North Korea and steps to strengthen the exchange’s defenses. The …
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1 week ago
Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist, putting a spotlight on how cryptocurrency exchanges insure their digital assets against theft and cyberattacks. But insurance protection is far from uniform. Coverage depends on how assets are …
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1 week ago
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …
Chad Hemenway
1 week ago
Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e are taking decisive action on legacy exposures,” said …
L.S. Howard
1 week ago
Opterrix, a proactive risk intelligence and exposure management platform, this week launched Opterrix Portfolio Management, a new AI-powered workflow designed to help insurers gain a better understanding of their entire portfolios and make more informed underwriting and portfolio management decisions. …
1 week ago
A Louisiana man was arrested this week on a charge of insurance fraud for allegedly burning his pickup truck. St. Landry Parish Sheriff’s Deputies arrested Andronicus Edison, 58, of Palmetto after the Louisiana Office of State Fire Marshal’s (SFM) Fire …
1 week ago
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Upland Mutual Insurance, Inc. based in Junction City, Kansas. The outlook of these …
1 week ago
Insurtech Hippo posted net income for the third quarter 2026 of $9 million compared with about $98 million for the period a year ago. The San Jose, California-based insurer said the drop in net income was due to a $91 …
Chad Hemenway
1 week ago
The Environmental Protection Agency’s response to the disastrous 2023 East Palestine train derailment will be investigated after local residents of the small town on the Ohio-Pennsylvania border and Vice President JD Vance pressed for the review. The Inspector General of …
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1 week ago
President Donald Trump said Tuesday that his administration is “terminating” a Biden-era rule that aimed to cut planet-warming emissions of methane from oil and gas drilling. Trump said during a campaign rally in Texas that the change would save companies …
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1 week ago
King tides have inundated parts of both U.S. coasts, flooding streets and sending seawater into homes and businesses in beach communities in California, Florida and the Carolinas. The tides began with the full moon earlier this week and could cause …
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1 week ago
A fire at a national lab in South Carolina that is in a complex where key parts for nuclear bombs were once made triggered an emergency declaration Wednesday that shut down incoming traffic and restricted air and rail service in …
1 week ago
Bayer won a trial over claims by three women that its Roundup weedkiller caused their cancer, while awaiting a broader ruling from a separate court on the company’s $7.25 billion effort to settle other Roundup cases. The trial, which ended …
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