INSURANCE NEWS
Trump Agencies to Set Crypto Policy as Bill Stalls, Limiting Industry’s Gains
As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations. Deep-pocketed crypto companies …
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims
A federal judge in New York has dismissed a racketeering lawsuit by ride-sharing firm Uber against several injury law firms, doctors and pain clinics alleging they conspired to extract inflated auto insurance claims payments through staged accidents, unnecessary surgeries and …
Mississippi Revokes 59 Agents’ Licenses for Residency Misrepresentation
The Mississippi Insurance Department has revoked the licenses of 59 insurance producers after they reportedly gave false information about their residences and then failed to show for a hearing. “The evidence is clear, these agents don’t live in Mississippi. They …
Munich Re, Lloyd’s Top List of 50 Largest Global Reinsurers: AM Best
Munich Re has reclaimed its position from Swiss Re as the largest of global reinsurers that use IFRS-17 accounting standards, while Lloyd’s has moved to the top ranking of non-IFRS-17 reinsurers, according to AM Best. Among IFRS-17 reporters, Munich Re …
Miami Votes Today on Fate of Long-Closed Iconic Marine Stadium
The Miami Marine Stadium, considered a masterpiece of midcentury Brutalist architecture with its massive cantilevered roof and a stunning view of the city, opened in 1963 as the nation’s only race venue for powerboats, a major symbol of south Florida. …
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins
Meta Platforms Inc. is headed to court Tuesday for a high-stakes showdown with a coalition of state attorneys general over claims that the company deliberately designed Facebook and Instagram to encourage compulsive use among young users. In a case that …
Hackers ‘Learn in Real Time’ As Agentic AI Drives 36% Uptick in Found Vulnerabilities
The use of agentic artificial intelligence is benefiting research in cyber vulnerabilities faster than it is used to exploit them—so far, according to new research. Beazley Security’s “Q2 2026 Quarterly Threat Report” found agentic AI used in research drove a …
Wall Street Leans on Insurance Pools for $16 Billion Kuwait Deal
Three Wall Street giants used capital from the insurance industry to finance a large chunk of a $16 billion pipeline deal in Kuwait, a rare move for a Middle Eastern infrastructure transaction. Blackstone Inc., Brookfield Asset Management Ltd. and KKR …
Indiana Attorney General Warns Residents of Scammers Following Storms
The Indiana Attorney General’s office is warning citizens to be aware of scammers targeting residents in the wake of the powerful derecho and widespread flooding across the state. “Thousands of Hoosiers are assessing damage and beginning the hard work of …
People Moves: Alliant Promotes Newman to Managing Director, Energy Operations
Alliant Insurance Services has promoted Martin Newman to Managing Director, Energy Operations, Alliant Property & Casualty. Based in Dallas, Newman specializes in partnering with energy operators and private equity investors to develop innovative risk and insurance solutions for an increasingly …
Bird Remains Found in Engine After Ryanair Window Blowout
Bird remains, including feathers, were found on parts of the engine that was damaged on a recent Ryanair Holdings Plc flight, resulting in a passenger being partially sucked into a broken window, the US National Transportation Safety Board said [on …
Russia Is Already Waging Hybrid War in Europe, Latvia Says
Russia’s hybrid war in Europe has already begun, Latvian President Edgars Rinkevics said, following warnings of Moscow’s attempts to intimidate nations supporting Ukraine. “It’s not something that will start sometime in the future,” Rinkevics told reporters on Monday at a …