Daily news and analysis on insurance industry trends, regulations, and market insights
U.S. property claim assignment volume dropped to approximately 1.24 million in the second quarter of 2026, the lowest second-quarter total in recent years, according to Verisk’s Quarterly Proper
Google was accused of overcharging Android app developers for over a decade, leading to inflated prices on the Play Store for about 20 million U.K. customers. The U.S. giant’s 30% levy for digit
PHILADELPHIA – 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 sorti
US Senators Elizabeth Warren and Josh Hawley are questioning six insurers, including State Farm Mutual Automobile Insurance Co. and Allstate Corp., over concerns about a growing number of claims that
Insurers want double-digit increases across most of the country for the second year running. A few state regulators cut those requests hard. Most couldn't, or didn't
Starbucks has been sued by consumers who said the coffee chain falsely advertised eight protein beverages as “sugar-free” because they contain lactose, a naturally occurring sugar in milk.
South African firm Sanlam Ltd. has offered to buy all remaining ordinary shares of Cape Town-based Santam Ltd., an insurance group with market value of approximately 43.9 billion South African rand ($
As emerging climate technologies bring new risks, insurers, brokers and risk managers face a shared challenge in closing the protection gap, according to Ferma’s Sharon Cilia Tortell. There are many r
Thousands of administrative systems at wind and solar power parks in Europe are exposed to the internet, potentially giving attackers access to interfaces that can stop turbines and raising the risk o
Rahul Khanna, formerly with Allianz Commercial, has been named global head of risk consulting at Intact Insurance. Khanna, based in London, was previously global head of marine risk consulting at Alli
In 2018, local officials in Colorado sued oil companies in state court, charging that pollution from fossil fuels contributed to global warming and harmed Coloradans through extreme summer temperature
San Diego County has filed a lawsuit against mobile advertising technology company AppLovin Corp., alleging that it bypassed parental controls to serve ads for adult dating services, alcohol, vaping a
The JPMorgan chief's escalating warnings about Anthropic's Mythos haven't reached the cyber market's rate sheets, at least not yet
The Cost Plus Drugs co-founder is joining a state working group targeting PBM opacity and drug costs
Years of rapid consolidation in the insurance brokerage sector are giving way to a greater focus on integrating acquired firms and on finding sources of organic growth in a softening market, while tec
Gun stores, online casinos, an Audi dealer. The insurer wants $1M back
Matt Lane has spent three years mapping every friction point in the broker workflow. What he found - and what he is building in response - goes well beyond a software upgrade
New limits on automated employment decisions are pushing vendor contracts, human oversight and potential exclusions higher up the underwriting agenda
Diagnostic errors made up 28% of Coverys' closed claims but 43% of indemnity paid, with hospitalists and general wards the biggest sources of inpatient risk.
A new water tower in Turkey: $3 million. Upgrades for a museum in Stamford: $400,000. A first responders appreciation barbecue in Medina County: $10,000. These are just some of the public investments
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