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Economic losses from floods top $1B: Aon

Recent flooding across Thailand could cause up to $1 billion in economic losses, with insured losses likely far lower, according to Aon plc, Insurance News BD reported. Heavy rains tied to seasonal mo

πŸ“… 2026-10-07 | πŸ“° Business Insurance
#insurance-news #economic #losses

Broker facilities expand as tech and alternative capital reshape capacity

Broker facilities that automatically or rapidly provide following capacity are expanding as brokers seek to speed placements, use data to package portfolios of risks, and tap additional sources of cap

πŸ“… 2026-10-07 | πŸ“° Commercial Risk Europe
#insurance-news #broker #facilities

Aviva launches US specialty business

Aviva on Wednesday launched Aviva Specialty, its U.S. specialty insurance platform, based in New York. The wholly owned surplus lines insurer will begin underwriting commercial property risks in the f

πŸ“… 2026-10-07 | πŸ“° Business Insurance
#insurance-news #aviva #launches

AI-backed criminals change strategies in cyberattacks

Ransomware remains a persistent source of claims and losses even as cybercriminals have changed their strategies for treating data, industry experts said. Criminals are turning to sorting and sifting

πŸ“… 2026-10-07 | πŸ“° Commercial Risk Europe
#insurance-news #ai-backed #criminals

Texas suits add to countertop silicosis liability crisis

Liberty Mutual units sued two Texas-based makers of artificial stone countertops Monday, expanding a legal battle over who should pay when stone fabricators contract a devastating lung disease.  

πŸ“… 2026-10-07 | πŸ“° Business Insurance
#insurance-news #texas #suits

Judge throws the book at TV station, discovers outdated edition

Before throwing the book at someone, it helps to check whether the legislature has removed a few pages. A New Orleans judge learned that lesson after seeking criminal charges against a television stat

πŸ“… 2026-10-07 | πŸ“° Business Insurance
#insurance-news #judge #throws