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INSURANCE NEWS
Doing its Job: Large Majority of Cyber Losses Covered by Insurance, Says Willis
More than 95% of average data breach losses and 90% of average first-party losses are adequately covered by insurance, according to a recent report by Willis, a WTW business. Cyber claims in Focus – Getting value from cyber insurance analyzed …
Federal Investigators Probe Fatal Plane Crash Involving Skydivers in Missouri
Several of the skydivers killed when their plane crashed moments after taking off from a Missouri airfield were experienced jumpers, including a leader at one of the sport’s biggest organizations. Federal investigators were at the crash site, about an hour …
Wrong-Way AI Trade Costs Florida Stock-Picker $50 Billion
It was 180 degrees off the hot trade on Wall Street. Snub Nvidia Corp., the soaring king of artificial intelligence chips. Embrace Adobe Inc., a sinking casualty of AI disruption. Polen Capital did just that, and more, until it was …
Washington National Airport Will Halt Operations for Most of July 4th
Ronald Reagan Washington National Airport will close on July 4 starting at noon (1600 GMT) due to 250th U.S. anniversary events in the U.S. capital region including a military flyover, according to the regional agency that manages its operations. The …
Tropical Storm Arthur to Bring Heavy Rainfall to Gulf Coast States
A tropical storm developed off the coast of Texas on Wednesday, bringing a multiday heavy rainfall event across the Gulf Coast states. Tropical Storm Arthur, the first named storm of the Atlantic hurricane season, is forecast to move northeastward along …
Former Lawmaker to Face King in Georgia Commissioner Vote in November
A former Atlanta City Council member will face incumbent Insurance Commissioner John King in the Nov. 3 election, after she defeated a longtime insurance agent in the Tuesday runoff. Georgia voters gave Keisha Sean Waites some 58.7%, or 223,909 votes …
Patagonia Sues Pattie Gonia, A Drag Performer in Oregon With An Enviro Message
Days before the beginning of Pride Month in June, a glamorous drag queen with long, wavy red hair, a matching mustache and carabiner earrings stared into a camera and levied a strong accusation against a famous sustainable outdoors apparel brand: …
Complex Cats, Talent Exodus Will Confound Insurance Models This Year: Report
The 2026 catastrophe season will face a more distributed and harder-to-predict risk landscape than carriers have historically planned for, according to a new report by global claims administrator Sedgwick. The complex nature could make claims harder to manage, more expensive …
Viewpoint: The Upcoming World Cup and Injury Risk
This summer, global sport’s biggest event is coming to America. Part of what makes the World Cup so special is the storylines attached to the once-in-four-year event. This year’s tournament will likely be the last chapter in professional sport’s greatest …
Older, Wealthier Renters Drive Changes in Insurance Needs
As the demographic of the average American renter changes, so too do their insurance needs. Renters today tend to be older with higher incomes and stronger credit profiles, and they often remain at the same address for several years, according …
Citi Exec Alleges She Was Fired for Raising Trump-Related Compliance Issues: FT
A former Citigroup executive alleged in a lawsuit that the bank fired her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi’s efforts to court U.S. President Donald …
Asia Reports Sharp Rise in Cybercrimes and Scams, Interpol Says
Illegal cyber activities accounted for around a third of all crimes recorded in some Asian countries, with scams the most widespread and financially damaging, according to a new Interpol report. The global policing agency’s latest cyber threat cyber threat assessment …
