INSURANCE NEWS
EC-Council Acquires Cyber Insurance Academy, Expands AI Risk Education
Cybersecurity training and certification organization EC-Council has acquired Cyber Insurance Academy, the credentialing body for the cyber and AI insurance industries Financial terms of the transaction were not disclosed. Cyber Insurance Academy will continue operating under its existing brand and …
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment
An Alabama insurance agent is in the clear after years of litigation that contended he had failed to secure professional liability coverage for a pharmacy that was sued over a compounded medication error. The reason: Alabama courts, more than some …
California Mailing Company Owner Pays Nearly $2 Million Over Unpaid Wages, Closure
The owner of a West Sacramento printing and bulk mailing company is paying nearly $2 million following litigation over unpaid wages and failure to give employees advance notice before abruptly closing the business in 2016. The California Labor Commissioner’s Office …
Report: Arizona Vehicle Thefts Fall 21%, But Fraud Schemes May Mask Losses
Reported vehicle thefts in Arizona fell 21% through the third quarter from the same period a year ago, but that good news was tempered by the finding that some schemes involving fraudulently obtained vehicles are going uncounted. According to data …
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses
Third quarter 2026 net income at insurer Chubb was up 1.5% compared to the same period in 2025 to about $2.84 billion, with property/casualty underwriting income down 8.8% to about $2.06 billion. Pretax net catastrophe losses were $705 million compared …
Home Insurance Tops Property Taxes in Squeeze for US Households
Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of US counties, according to an analysis published Monday by Bloomberg Intelligence. It points to the role …
French Riots Seen as Insurance Test Before New Regime Kicks In
The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. “The latest French unrest reinforces a broader trend …
AI Accelerates Cyber Threat Landscape, Poses New Risks for Insurers and Businesses
Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …
Google Cloud Outage in UK Eases After Affecting Digital Banks, Public Sector Websites
Alphabet’s Google said on Tuesday its cloud services in the UK were back up after an hours-long outage that disrupted several financial firms and public-sector websites. The outage put the spotlight on concerns among UK and EU regulators about the …
Roofer, Insurance Producer Charged in Separate Fraud Cases in the Carolinas
Carolina authorities have charged multiple people, including a roofer and an insurance agent, with defrauding insurance companies. In North Carolina, Cameron Alexander Hammond, 34, of Vanceboro, was charged with deliberately damaging roof shingles on a home then telling North Carolina …
People Moves: Ohio Mutual Names Kratzer as AVP, Internal Audit
Ohio Mutual has named Brenton Kratzer AVP, internal audit, succeeding Kristy Kinley, who will be retiring in December. Kratzer will report to the Board of Directors Audit Committee Chair. Kratzer holds the Certified Internal Auditor (CIA) and Certified Information Systems …
Texas Data Center Boom Threatens Progress on Air Quality
Texas’ rapidly growing data center industry could reverse much of the state’s progress on air quality by the end of the decade, according to a new report released Tuesday. The air emissions report published by the Houston Advanced Research Center …