INSURANCE NEWS
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 …
Apple Attacks EU Crackdown in Digital Law’s Biggest Court Test
Apple Inc. lashed out at the European Union’s attempts to tame the power of Silicon Valley in the most far-reaching legal challenge of the bloc’s Big Tech antitrust rules. The iPhone maker’s lawyer Daniel Beard told the General Court in …
US Saw Record $101 Billion in Weather Losses Through June
The US saw more than $101 billion in losses from severe storms and fires in the first half of 2025, setting a record. That’s according to a database of billion-dollar disasters that a nonprofit has re-launched since the Trump administration …
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry
The recent 15-hour or so outage at Amazon Web Services (AWS) again raised questions about the potential for systemic loss to the cyber insurance market, but losses from the temporary lapse in cloud services is not likely to be catastrophic. …