INSURANCE NEWS
North Carolina Settles on 10% Dwelling Insurance Rate Increase Over 2 Years
North Carolina’s insurance commissioner has negotiated a 10% increase in average rates for dwelling insurance, for rental and non-owner-occupied properties, over the next two years. The North Carolina Rate Bureau, representing property insurers, last fall had filed for a 68% …
Marsh Risk Unveils AI-Powered Risk Companion Suite
Marsh Risk, a business of Marsh, announced the launch of Risk Companion, the next iteration of its digital solutions suite designed to help clients effectively and efficiently manage unique risks. Risk Companion is enabled by an AI-powered analytics engine that …
Simulations Predict Ground Motion for Earthquakes on Bay Area’s Hayward Fault
NEWSWISE — The Hayward fault, part of the larger San Andreas fault system, runs 74 miles through the East Bay of the San Francisco Bay Area. The fault is overdue for an earthquake that could cause extensive damage to such …
Most US Companies Seen Sticking With Quarterly Reporting
Quarterly earnings reporting may soon become optional for U.S. firms—yet the vast majority of companies are unlikely to take advantage of lighter requirements as it could hurt valuations, investors and market participants say. A plan to move from quarterly to …
Renewables in Vogue as Iran War Drives Up Europe Power Prices
As the Iran war disrupts global flows of oil and gas and energy prices skyrocket, the Drin River, which descends through the mountains of northern Albania, is acting as a kind of shield. Swelled by winter rains and snowmelt, and …
Viewpoint: Insurance’s Data Problem Comes Into Focus at Hormuz
Executive Summary: Rapidly shifting war-risk conditions are exposing structural weaknesses in delegated authority underwriting, according to Alex Babin, CEO of Hercules Systems, who notes that many underwriters still rely on delayed, inconsistent bordereaux data. While AI is accelerating data extraction, …
People Moves: WTW Names Lipkin Chief AI Officer, Wintrob Head of AI Acceleration; ReSource Pro Appoints Fu SVP of Data Strategy
WTW appointed Spike Lipkin as chief AI officer and Gordon Wintrob as head of AI acceleration. These new enterprise appointments will scale Newfront’s AI-native approach and innovative capabilities across WTW. Working in close partnership with WTW’s technology function and businesses, …
Report: Cargo Theft Down for Quarter, But Criminals Are Getting More Savvy
A new report shows 767 supply chain crime events across the U.S. and Canada in the first quarter of the year, down 5.3% from the same period a year ago and down 12.2% the fourth quarter of 2025. However, a …
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods
In another win for auto insurers, a federal appeals last week struck down a proposed class-action lawsuit over the methods carriers use to value totaled vehicles. At least five appellate courts in the last few years have said “no” to …
FEMA Restoring Slashed Flood Mitigation Funds, Now With $20M for SE Projects
A year after the Trump Administration attempted to halt funding for some resiliency programs, the Federal Emergency Management Administration announced almost $20 million in flood mitigation grants around the Southeast. The funding for projects in Alabama, Florida, Kentucky, Mississippi and …
Inside World’s Largest Art Heist When $500M of Boston Museum’s Paintings Disappeared
For decades, the 1990 theft of 13 artworks from the Isabella Stewart Gardner Museum — now valued at more than $500 million — has remained unsolved. It remains the largest art theft in history — far surpassing more recent museum …
Liberty Mutual Says Safeco Brand Is Officially Retired
The Safeco Insurance brand has gone the way of the dodo bird. It’s now all Limu Emu, all the time. Liberty Mutual said on April 27 that it followed through with what it said about a year ago and officially …