INSURANCE NEWS
Judge Rejects Deal for Colorado Funeral Home Owner Accused of Stashing 190 Decaying Bodies
A Colorado judge rejected the plea agreement of a funeral home owner accused of stashing nearly 190 decaying bodies in a bug-infested building after family members of the deceased argued that the agreement’s 15- to 20-year sentence was too lenient. …
7 Dead After UPS Plane Crashes on Takeoff in Louisville, Kentucky
A United Parcel Service Inc. freighter jet crashed and exploded shortly after takeoff on Tuesday from Louisville, Kentucky, killing three crew members and at least four people on the ground. Video circulating on social media showed the Honolulu-bound McDonnell Douglas …
Man Charged With Leading $1M Vehicle Title Washing Scheme Arrested in Mexico
A man officials say headed a Pennsylvania-based vehicle title-washing criminal enterprise has been arrested in Mexico — after three months as a fugitive, according to Attorney General Dave Sunday. The attorney general filed charges in August against Anthony E. Troncoso …
Insurtech Hippo Reverses Q3 Loss During ‘Breakout Quarter’
Insurtech Hippo posted third quarter 2025 net income of $98 million compared with a net loss of $9 million a year ago during the same period. San Jose, California-based Hippo’s Q3 combined ratio improved to 100—a 28-point improvement from Q3 …
Forrester: Cyber Insurance Will Grow by 15% in 2026
Forrester Research predicts written cyber insurance premiums will rise 15% in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at the global market research company anticipate the widespread adoption of AI to reverse …
Amazon Sues Perplexity Over ‘Agentic’ Shopping Tool
Amazon sued Perplexity AI on Tuesday over the startup’s “agentic” shopping feature, which uses automation to place orders for users, saying it covertly accessed Amazon customer accounts and disguised automated activity as human browsing. The clash highlights an emerging debate …
French Court Probes TikTok for Algorithms Pushing to Suicide
French judicial authorities said on Tuesday they had opened an investigation into Chinese social media platform TikTok and the risks of its algorithms pushing young people into suicide. Paris prosecutor Laure Beccuau said the probe was in response to a …
M&S First-Half Profit Hammered by Impact of Cyber Hack
British retailer Marks & Spencer reported a 55.4% slide in first-half underlying profit, reflecting the impact of an April cyber hack that forced it to suspend online clothing orders for seven weeks and also hit food availability. M&S, one of …
EU Agrees Weakened Climate Target in Final-Hour Deal for COP30
EU climate ministers agreed a 2040 climate change target in the early hours of Wednesday after watering down the goal in last-minute negotiations, as they raced to clinch the deal before the U.N. COP30 summit in Brazil. After negotiating late …
Typhoon Deaths Climb in Philippines as It Braces for New Storm
Typhoon Kalmaegi killed at least 66 people in the Philippines with dozens more missing, an official said on Wednesday, as the country braces for a new storm. The deadliest typhoon to hit the Southeast Asian nation this year also displaced …
Global Funds Add to Warnings of Risks in Private Credit
From global banks to alternative fund managers, more senior financiers are joining a growing chorus warning of cracks in private credit. TCW Group Inc.’s Chief Executive Officer Katie Koch told a forum in Hong Kong on Wednesday that she’s “very …
UK’s Reeves to Meet Insurance CEOs in Pre-Budget Growth Pitch
UK Chancellor of the Exchequer Rachel Reeves will meet CEOs from top insurers in Downing Street on Wednesday, as she seeks to encourage more investment in the City ahead of a tricky budget later this month. The meeting, whose attendees …