INSURANCE NEWS
Japanese Companies Brace for More Attacks as Cybercrimes Climb
The recent wave of cyberattacks against Japanese businesses has exposed critical weaknesses in the country’s corporate digital defenses, fueling fears of further disruption to sales and supply chains.In the past month, Asahi Group Holdings Ltd. was forced to take its …
Tropical Storm Melissa Brings Heavy Rain to Haiti, Dominican Republic and Jamaica
Tropical Storm Melissa began dumping heavy rain on Hispaniola on Tuesday as forecasters warned of a significant flood risk in parts of the Caribbean region later this week. The rains snarled traffic in the Dominican Republic’s capital, Santo Domingo, and …
Global Commercial Insurance Rates Drop 4% in Q3, for 5th Quarterly Decline: Marsh
Global commercial insurance rates fell, on average, by 4% in the third quarter of 2025, repeating the 4% decline recorded in Q2 2025, according to the latest Global Insurance Market Index published by Marsh, the insurance brokerage business of Marsh …
This Pollution Lawsuit Could Reach Far Beyond Banks of River Wye in UK
The River Wye used to be full of wild salmon. Today it is full of algae. And the meandering waterway which has long attracted anglers, hikers and poets is now the subject of a major pollution lawsuit. The case – …
New Zealand Issues Rare Red Warnings Amid Destructive Spring Storm
New Zealand’s weather agency issued rare red wind warnings and officials declared a state of emergency in the Canterbury region as a powerful spring storm brought destructive gales and heavy rain to the South Island and lower North Island on …
Industry Groups Applaud Bill to Treat Forests, Mitigate Wildfire Risk
Insurance industry trades praised a Senate committee for the passage this week of the Fix Our Forests Act, a measure to address high-risk wildfire regions. “The risk of wildfire can no longer be ignored or underestimated. We need action to …
Viewpoint: Insurance and AI—A Double-Edged Sword
Artificial intelligence (AI) is revolutionizing the insurance business. Insurers recognize and are already taking advantage of the manifold ways in which AI can significantly improve their routine processes, decision-making and risk management. At the same time, some insurers recognize the …
Markets/Coverages: Verisk Offers Insurers a Standardized Pet Insurance Program
Insurance data and technology firm Verisk has released a pet health insurance program offering U.S. insurers a standardized pet insurance program. Verisk’s new ISO Pet Insurance Line of Business program provides insurers looking to enter or expand in this growing …
Reddit Sues Perplexity, Others Over Alleged Data Scraping
Reddit Inc. sued Perplexity AI Inc. and three other companies over alleged data scraping from the discussion site without permission, a sign of the growing demand and value of original data in the burgeoning AI industry. Three data scraping companies …
Rotting Apple: Berkley Explains Property Market, Company Appetite
Analysts trying to reconcile third-quarter premium jumps reported by line of business for W.R. Berkley Corporation with the CEO’s opening remarks during an earnings conference call this week may well have been confused. “That bloom is off the rose,” President …
Authorities Investigating Death of Rail Conductor Struck by Train in Montana
Authorities were investigating the death of a rail conductor who was hit by a passing train in Montana, the National Transportation Safety Board said. The conductor worked for BNSF Railway, the agency said in a post on the social media …
Iowa Man Charged with Public Adjusting Without a License
An Iowa man has been charged with one count of acting as an adjuster without a license—a class D felony—following an investigation by the Iowa Insurance Division’s Fraud Bureau. According to criminal complaints filed by the Iowa Insurance Division’s Fraud …