INSURANCE NEWS
Markets/Coverages: Marsh Launches Two Insurance Facilities for UK Construction Risks
Insurance broker Marsh announced the launch of two first-of-their-kind insurance facilities to support UK construction contractors in managing road and highway projects, while protecting critical plant and equipment central to on-schedule project delivery. The Strada road construction facility provides project-specific …
Meta to Pay Historic $25 Billion in New Mexico Deception Case
Meta Platforms Inc. was ordered to pay a groundbreaking $25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal. The fine issued by state court Judge Francis Mathew is …
Eastern States’ Supermarkets Back Online After Cyber Incident
The websites and online shopping services of grocery stores owned by Ahold Delhaize in New England, MidAtlantic and Southeastern states are back up and running after having been shut down for about eight days due to a cyber incident. The …
Laboratory Operator Quest Reports Cyber Breach Affecting Patient Records
Quest Diagnostics said it has learned of unauthorized access to its Quanum LSM system, which some clients use to place test orders, receive and look up results. While the full scope of unauthorized access remains under investigation, at this time …
Taiwan Halts Stock Trade, Shuts Schools as Typhoon Champi Nears
Taiwan will suspend trading on its stock exchange and shut schools in most areas on Friday as Typhoon Champi approaches the island, disrupting flights and threatening heavy rainfall. Champi is currently 713 kilometers (443 miles) southwest of Japan’s Okinawa and …
Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability
The insurance industry has dealt with emerging risks in the past, and Chubb CEO Evan G. Greenberg said he thinks the same approach can be applied to the rapid escalation of apparent liabilities presented by business’ use of artificial intelligence. …
China’s Natural Disaster Losses Hit $30 Billion in First Nine Months of 2026
China recorded 199.36 billion yuan ($29.9 billion) in direct losses from natural disasters in the first nine months of 2026, mainly driven by severe typhoons, flooding and landslides, its Ministry of Emergency Management said on Thursday. The losses were down …
Insurance M&A Down 27% in Q3 2026: OPTIS
Insurance agency mergers & acquisitions in the third quarter of 2026 were down 27% compared with the same period last year. In its latest report, investment banking and financial consulting firm OPTIS Partners said M&A activity in the U.S. and …
Millions of Hacking Attempts as Companies, Governments Rush to Patch PHP Flaws
Companies and governments worldwide rushed on Thursday to patch critical flaws in the widely used PHP programming language, as a cybersecurity company reported millions of hacking attempts after the vulnerabilities were disclosed. The push came after governments in Europe and …
People Moves: ATRI Hires Bellistri From Chubb for Financial Institutions
ATRI Insurance Services LLC hired Kylor Bellistri as assistant vice president, financial institutions. Bellistri brings nearly a decade of insurance industry experience to ATRI. Prior to joining the company, he spent nearly 10 years with Chubb, most recently serving as …
Delaware Workers’ Compensation Rates to Drop for 10th Year, This Time by 3.9%
Delaware workers’ compensation insurance rates will decrease for the tenth year in a row, effective December 1, 2026. The voluntary market average loss costs will decrease by 3.99%, while the residual market will see an average rate reduction of 4.11%. …
Money Managers Say There’s Nowhere to Hide as Super El Niño Forms
The prospect of the world’s strongest ever El Niño cycle has a growing number of money managers racing to prepare their portfolios for the disruption they say is coming. The climate phenomenon associated with warming across the equatorial Pacific Ocean …