Safety Insurance's $1.54 billion sale to Mapfre draws shareholder investigation
A 44% premium and unanimous board approval have not stopped questions about whether the price adequately reflects the company's value
Latest News
Businesses warned to prepare for attacks on power grids
Europe’s largest energy grid operator, Germany-based E.ON, is warning companies to prepare for successful cyber and physical attacks on critical power infrastructure as threats continue to increase, i
White House tells AI labs to hold new models back from UK testers
The reported request could cut off one of the few independent checks on what frontier AI can do, just as cyber underwriters are rewriting wordings for agents that break in on their own
Blackstone-backed insurance underwriter files for IPO
Insurance underwriter TFP Group, better known as The Fidelis Partnership, filed for a U.S. initial public offering on Friday, as the fall IPO window looks to gain momentum after a tepid start.
Florida homeowners aren't buying the insurance recovery as it becomes a midterm issue
The survey was released the same day newspapers published a state-commissioned report on insurer affiliate fees that the Florida Senate wanted destroyed
Aon offering global onshore renewables facility
Aon on Thursday launched its global onshore renewables facility for developers, owners and contractors in renewable energy infrastructure.
TDI Launches Tool Showing Why Carriers Don’t Approve Policies
The Texas Department of Insurance this week launched a tool that allows residents to see reasons for why insurance companies decline, non-renew or cancel home and auto insurance policies. The webpage
Meta misled consumers in case over Cambridge Analytica scandal: jury
A jury in Santa Fe, New Mexico, found on Friday that Meta Platforms META.O misled the state's residents, in a case stemming from allegations that political consulting firm Cambridge Analytica, which h
Marsh swept into IAG's Credit Suisse peace deal as Greensill's biggest insurance fight ends
Australian insurer confirms confidential settlement of A$2.8bn claim. For the London broker, it closes another costly chapter in a saga the UK market has never quite shaken off
Brown & Brown unit names chief commercial officer
Bridge Specialty Group, the wholesale division of Brown & Brown, on Thursday named Liz White chief commercial officer.
Insurance moves: Liberty Mutual and NFP
They include a new head of capital solutions and a new head of insurance solutions and capital markets
IUMI strengthens marine risk assessment with crew wellbeing checklist
The International Union of Marine Insurance (IUMI) has launched a Crew Wellbeing Checklist for hull and machinery insurers, designed to complement their risk assessment process by focusing on the huma
TikTok faces first trial over alleged harm to teens
An Alabama jury will hear the state’s claims that TikTok and its Chinese parent company ByteDance made the platform addictive to young users and misled consumers about its safety, in the first case ag
Hurricane Nolo Threatens Hawaii With Catastrophic Flooding
Hurricane Nolo is threatening Hawaii, a state already raked by multiple natural disasters since March that have caused hundreds of millions of dollars in damage. Nolo’s top winds reached 75 mile
The BI Top 10 for the week of Sept. 21, 2026
A well-known executive’s return to AIG and other industry moves dominated the ranking of most-read items on the Business Insurance website this week.
Insurers to pay nearly $177M to settle Buffalo Diocese sex abuse claims
A group of insurers led by a unit of CNA Financial has agreed to pay nearly $177 million to resolve coverage disputes tied to child sexual abuse claims against the Roman Catholic Diocese of Buffalo, a
Ocean hull market faces growing risk pressures despite global premium growth: IUMI
The global ocean hull insurance market is continuing to soften despite apparent growth in the overall premium base, according to Ilias Tsakiris, chair of the Ocean Hull Committee, speaking at the Inte
Georgia High Court Declines to Hear Darlington School Abuse Liability, Clearing Insurers
A Georgia Court of Appeals decision will stand, absolving five insurers of liability coverage and putting an end to long-running litigation stemming from revelations of child sexual abuse at boarding
People Moves: Garcia Joins InsurBanc as President and CEO
InsurBanc, headquartered in Farmington, Connecticut, named Lou Garcia as president and CEO. Garcia brings more than 25 years of leadership experience in investment banking, alternative asset managemen
A one-in-200-year US disaster could create a $700 billion protection gap, Moody's finds
A single extreme US catastrophe could produce losses that nearly match the entire global reinsurance capital base
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