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INSURANCE NEWS
Two Dead at Tampa Office After Man Drove Car into Building and Started Shooting
A gunman plowed a car into a courtyard on Citibank’s sprawling Tampa business campus on Wednesday and opened fire with a rifle, killing a woman before a security guard fatally shot him, authorities said. The Hillsborough County Sheriff’s Office did …
People Moves: MEMIC Promotes Delcourt; Mather Joins Alliant
MEMIC Promotes Delcourt to Regional Vice President The MEMIC Group, headquartered in Portland, Maine, promoted Ben Delcourt to regional vice president, underwriting. He will lead MEMIC’s Maine underwriting team and collaborate with the company’s independent agency partners across the state. …
New Florida Property-Tax Cut May Bring an Unwanted Side Effect
Florida’s newly approved property-tax cut is designed to make homes more affordable. But it could also push up another punishing cost of homeownership: insurance. Homes in the Sunshine State are already among the most costly to insure in the US …
Insurance AI’s Next Test: Can Carriers Trust the Data?
Insurance companies are beginning to look toward the next phase of AI adoption with agentic AI and automation, according to Chris Newman, CEO of ACORD Solutions Group, at this year’s InsurTech Connect conference in Las Vegas. However, as AI moves …
Archdiocese of NY Finalizes $800M Fund for Sex Abuse Survivors; Avoids Bankruptcy
The Archdiocese of New York has finalized an $800 million settlement to resolve more than 1,300 outstanding claims of sexual abuse by clergy filed under the state’s Child Victim’s Act (CVA) and other laws. “As of today, November 5, 2026, …
Aircraft Bomb Threats Persist in Europe, Causing More Diversions
Sporadic bomb threats continued to disrupt multiple flights across Europe on Friday, capping a week of unusual alerts that have put the aviation industry on guard and raised alarm with authorities. Flights operated by Ryanair Holdings Plc, Wizz Air Holdings …
Nordea Bank Risks Almost $1 Billion Fine in Denmark Money Laundering Case
Nordea Bank Abp is facing a potential 6.6 billion-krone ($988 million) penalty as a Danish court prepares to rule in a case over failures to prevent money laundering that go back more than a decade. The case marks the first …
French Bank Credit Mutuel Arkea Says €100 Million Missing After Cyberattack
French lender Credit Mutuel Arkea said on Thursday hackers had stolen around €100 million ($112.61 million) in a cyber heist and it was working to try to recover the money, in a rare case of cybercriminals successfully stealing from a …
Man Group Found Liable by Judge for ‘Breathtaking’ Kuwaiti Bribery
Man Group Plc’s shares fell after a judge ruled it could have to pay around $155 million for its role in “corruption on a breathtaking scale” that siphoned $1 billion from a Kuwaiti state-run pension fund over decades. The world’s …
Binance $6.3 Billion Heist to Prompt Closer Scrutiny by Insurers
Last week’s $6.3 billion Binance heist is prompting insurers to scrutinize crypto companies’ security more closely, with underwriters expected to probe if clients are vulnerable to a similar attack when they seek new coverage or renew existing policies, industry insiders …
Delta Air Lines Must Face Lawsuit Over ‘Window Seats’ With No Windows
A federal judge rejected Delta Air Lines’ request to dismiss a lawsuit by passengers who said they paid extra money to sit in window seats, but found themselves seated next to windowless blank walls. US District Judge Ramon Reyes in …
US Warns of ‘Ongoing Cyber Threat’ to Industrial Refrigeration Systems
The United States is warning of an “ongoing cyber threat” to industrial refrigeration systems, saying in a statement issued on Thursday that every organization that depends on cold storage should assume it could fall into the hackers’ crosshairs. The statement, …
