INSURANCE NEWS
How Leaders Can Maintain Humanity in the Modern Insurance Era
As artificial intelligence and automation become faster and more precise, insurance industry leaders are finding that the differentiator isn’t just better technology but how the people behind the technology are using it. That’s according to experts at InsurTech New York’s …
Markets/Coverages: MGA EverPeak Launches Multi-State Workers’ Comp Feature; Orion180 Offers New Product for Rental Property Owners
EverPeak Insurance launched a new multi-state feature that eliminates multi-jurisdictional friction for mobile workforces. Effective April 21, the new feature allows brokers to secure workers’ compensation coverage across 17 states in a single, 30-second digital workflow. The feature addresses a …
Purdue Pharma’s $5.5B Sentencing for Opioid Charges Delayed
A federal judge on April 21 delayed the planned criminal sentencing of Purdue Pharma by one week, saying she wanted to allow more public participation before concluding a criminal case over the company’s marketing of addictive opioid drugs. U.S. District …
Iran Seizes Ships in Strait of Hormuz After Trump Halts Attacks
Iran seized two ships in the Strait of Hormuz on Wednesday, tightening its grip on the strategic waterway, after U.S. President Donald Trump called off attacks indefinitely with no sign of peace talks restarting. Iran’s semi-official Tasnim news agency said …
WR Berkely Turns in Record Q1 Operating Income
First quarter 2026 net income at W.R. Berkley Corp. increased about 23.4% compared to the same period a year ago to about $515.2 million. Operating income for the first three months of the year was a record $514.3 million. The …
Oil Trader CFOs Say Hormuz Closure Driving Wave of Disputes
The chief financial officers of some of the world’s top commodity trading houses warned that the protracted closure of the Strait of Hormuz may lead to a wave of disputes stemming from lost supply. Several oil and gas producing giants …
Record Drought Sparks Worries About Fires, Water Supply and Food Prices
Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the …
Claim Severity Trends for Medical Malpractice ‘Stand Out’: S&P GMI
Casualty claims are becoming more expensive at a faster rate, but medical professional liability stands out as one casualty line where compounding factors are turning severity deterioration into a heightened risk. According to an S&P Global Market Intelligence report, written …
MS High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive
It’s been called one of the most unusual medical malpractice cases and one that has raised questions for organ donors, organ recovery centers and their insurance carriers. Paula Denison, age 57, was taken to the emergency room at Anderson Regional …
New York Claims Coinbase and Gemini Titan Prediction Markets Are Illegal Gambling
New York’s attorney general sued Coinbase Financial Markets COIN.O and Gemini Titan GEMI.O on Tuesday, claiming their prediction markets violate state laws against illegal gambling. In petitions filed in state court in Manhattan, Attorney General Letitia James said Coinbase and …
Tesla’s California Sales Slide Deepens as Hybrids Displace EVs
Tesla Inc. saw a steep drop in vehicle registrations in California as consumers in the Golden State increasingly embrace hybrid vehicles. Tesla’s first-quarter registrations declined 24% in the state compared with the prior-year period, according to a report released Tuesday …
UK Says Iran, China Drive Regular Significant Cyberattacks
Hackers linked to foreign governments are now behind the majority of “nationally significant” cyberattacks targeting the UK, the country’s top cybersecurity official is set to warn. Richard Horne, chief executive officer of the National Cyber Security Centre, or NCSC, is …