INSURANCE NEWS
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 …
Microsoft Must Face $2.8 Billion UK Lawsuit Over Cloud Computing Licenses
Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday. Competition lawyer Maria Luisa Stasi is …
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses
First quarter 2026 net income at insurer Chubb was up more than 74% compared to the same period in 2025, with property/casualty underwriting income up 306%. Net income for the first three months finished at $2.3 billion. Underwriting income was …
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home
An Amish woman and her six children ranging in age from 3 to 11 were killed in a swift-moving house fire after an explosion that shook nearby houses in rural northcentral Pennsylvania, authorities said. Firefighters responding to a report of …
Newell Succeeds Founder Eknoian as World Insurance CEO
Brokerage World Insurance Associates announced John Newell will become chief executive officer, succeeding founder and long-time CEO Rich Eknoian. Most recently, Newell was chief commercial officer at Newfront, a technology-enabled specialty brokerage platform. There, he led business units across insurance, …
Alabama Governor Signs New Captive Law That Could Help End DOI Moratorium
Alabama has a new law governing captive insurance companies, and supporters hope it will mean that state regulators will soon lift a moratorium on new captives in the state. “The law takes effect in June, so we’re hoping that maybe …
Texas Speaker Seeks to Investigate Roblox Over Game Simulating Uvalde Shooting
Texas House Speaker Dustin Burrows on Monday targeted Roblox for alleged child endangerment, after learning the platform offered a simulation of the 2022 Uvalde mass shooting. Burrows instructed lawmakers to study ways to strengthen child safety and accountability for virtual …
Gem State Insurance to Merge With Ohio Mutual
Ohio Mutual Insurance Group last week announced that it has reached an agreement to merge Gooding, Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure, following unanimous votes by both organizations’ boards of …
Family Sues Kansas Jail Over Inmate’s Death
Relatives of a jail inmate whom investigators determined died after a Kansas sheriff’s deputy shoved his knee into the cuffed man’s back for one minute and 26 seconds have filed a federal lawsuit. Attorneys for the family of Charles Adair …
People Moves: IMA Names Caceres as SVP, National Energy Property Leader
IMA announced the appointment of Al Caceres as Senior Vice President, National Energy Property Leader, joining the firm’s Energy Practice to lead strategy and execution of the company’s energy property insurance business nationwide. With more than 20 years of underwriting …
Markets/Coverages: Cowbell Launches Cyber Product for AI, Quantum Risks
Specialty cyber insurance provider Cowbell said it has launched Prime One, a non-admitted cyber insurance product designed for U.S. organizations with advanced digital risk profiles and annual revenues between $250 million and $1 billion. Prime One delivers up to $10 …
MS Amlin Launches Lloyd’s Sub-Syndicate, Supporting Brokers With New Capacity
MS Amlin, the Lloyd’s global specialist re/insurer, has launched a new sub-syndicate to target innovative growth opportunities and provide greater flexibility and capacity for brokers. Named s1673, the sub-syndicate will support the growth of business written through MS Amlin’s recently …