Insurance

Hannover Re has renewed a cyber catastrophe bond that provides $20 million worth of retrocessional protection against the accumulation of losses caused by a sustained cloud-outage event during 2025-2026. Cumulus Re II is 45% larger than the first iteration of …

The US Federal Aviation Administration said it must improve the way it identifies potentially risky air-traffic situations, following a deadly midair collision between a US Army helicopter and American Airlines Group Inc. regional jet in January. “While flying remains the …

Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S. District Judge …

ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday. The …

Western officials have accused Russia and its proxies of staging dozens of attacks and other incidents across Europe since the invasion of Ukraine three years ago, according to data collected by The Associated Press. They allege the disruption campaign is …

Westfield Expands Flood Protection Options for Homeowners Property/casualty insurer Westfield is expanding its protection options for U.S. homeowners by offering an inland flood coverage add-on designed to help reduce the insurance gap for those living outside historical high-risk flood zones. …

A cyber security threat affecting computer systems at the Kuala Lumpur International Airport was detected on Sunday, the National Cyber Security Agency and Malaysia Airports said in a joint statement. The operations at KLIA were not impacted and authorities are …

Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the US, AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those …

Around the globe, rising temperatures stoked by climate change are increasing the odds of both severe drought and heavier precipitation that wreak havoc on people and the environment. Rainfall can disappear for years only to return with a vengeance, as …

Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the U.S. Treasury’s Federal Insurance Office. This comes on the heels of legislation, the Federal Insurance Office Elimination Act, introduced in January …