Newsom signs cold-storage legislation
California Gov. Gavin Newsom on Sunday signed legislation that prohibits approval of building permits for certain cold-storage facilities unless they establish a contingency fund of up to $20 million,
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Strikes on UAE ports pared with cyberattacks
Every missile and drone attack on the United Arab Emirates’ ports, energy facilities and refineries since the Iran war began has been accompanied by a cyberattack on the same target, according to Moha
SiriusPoint partners with MGU to launch SportsSecure
Bermuda-headquartered specialty underwriter SiriusPoint has partnered with Sutton Special Risk, an MGU specialising in accident and health, to launch a new insurance solution aimed at college and univ
Maritime pool helps cut war risk rates up to 40%
Bharat Maritime Insurance Pool has helped cut war risk insurance premium rates for Indian shipping companies by about 35% to 40% since launching in May, FM Bharat reported. As of Sept. 7, the pool had
OSHA urges employers to prepare for workplace opioid overdoses
Employers should keep opioid overdose reversal medications readily accessible and train workers to respond to overdose emergencies, according to guidance released Thursday by the U.S. Occupational Saf
Mental health claim frequency rises 47% in comp: WCRI
Mental health claims’ share of paid workers compensation claims rose 47% from 2015 to 2024, with the rate more than doubling in health care, according to a Workers Compensation Research Institute stud
7 Construction Technology and Risk Management Questions for Amy Gross of Liberty Mutual
Liberty Mutual’s Amy Gross discusses how AI, data analytics, drones, and connected technologies are helping construction firms identify risks earlier, improve safety and claims outcomes, and make bett
Hub unit fails to overturn $6.6 million microcaptive tax penalty
A Hub International subsidiary has lost its bid to overturn a $6.6 million IRS fraud penalty tied to its use of a microcaptive insurance arrangement, after a federal judge rejected its claim that its
New global direct and facultative property business from MGA Hive
MGA Hive Underwriters has launched a global property direct & facultative (D&F) business and appointed Richard Brown as head of property to lead the business. Brown previously served as head o
Lloyd's market charity distributes £850,000 in latest grant round
Nine charities share the latest round as the renamed Lloyd's Veterans Charity backs veterans' employment and mental health
Crypto Hack Spurs $463 Million in Customer Outflows at Bitget
Hacked crypto exchange Bitget recorded roughly $463 million in net outflows in the 24 hours into Tuesday, as customers moved assets off the platform following last week’s $388 million theft. The
ANV acquires Car Care Plan from AmTrust
The deal brings ANV into vehicle warranty across the US, Europe, Turkey and China
Chubb must pay $30 million in coal silo collapse coverage fight
A federal jury in West Virginia says a Chubb unit must pay $30 million in a long-running insurance dispute over a collapsed coal silo, including $2.5 million for “aggravation and inconvenience.”
AI market risk adds pressure to an already weak UK wealth picture
Real UK financial assets have barely grown since 2019 as global markets race ahead
Homeowners insurance turns a corner with its first underwriting profit since 2019 — report
The segment avoided an underwriting loss for the first time since 2019
Fidelis Partnership files for IPO
Bermuda-domiciled The Fidelis Partnership is set to launch an initial public offering of shares on the New York Stock Exchange after filing a registration statement with the U.S. Securities and Exchan
OpenAI’s Models Accessed Public US Census, SEC Data
OpenAI’s artificial intelligence models accessed publicly available information from US government websites, including those of the Census Bureau and the Securities and Exchange Commission. The
What a $23.5m health benefits failure teaches self-funded employers
Columbus schools averted an employee surcharge crisis, but the consultant oversight gaps it uncovered apply directly to private-sector plan sponsors
Agentic Intelligence for Claims Dominates New Tech Launches
CLARA Analytics has launched Agentic Intelligence, what the company calls “an end-to-end AI workforce” for complex casualty and workers’ compensation claims. The new product is built
AM Best: US Mutual Insurers Doubled Net Income in 2025
Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in
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