INSURANCE NEWS
Markets/Coverages: Brit Launches Integrated Cyber, Financial institutions Consortium
Brit Group Holdings Ltd. announced the launch of “FI Cyber Max,” a new integrated cyber and financial institutions (FI) consortium. Built for large, complex financial clients, the new consortium will bring together Brit’s experienced cyber and FI underwriting teams to …
North Sea Wind Push Sees Industry Vow to Spend €9.5 Billion
The offshore wind industry has pledged to invest €9.5 billion ($11.3 billion) in its supply chain by 2030 to help expand capacity in the North Sea as European countries work to turn one of the most famous oil basins into …
Italy Declares Emergency as Storm Damage Tops €1.5 Billion
Italy’s government declared a state of emergency, unlocking €100 million in funds to help repair damage after a sea storm battered parts of the country’s south. Sicily was hit particularly hard, with regional Governor Renato Schifani estimating damages of more …
Nvidia’s Rally Shows DeepSeek Fears Were Unfounded a Year Later
A year ago, the Chinese startup DeepSeek freaked out the stock market with the idea that developing artificial intelligence was much easier and cheaper than everyone imagined. But 12 months later, that’s turned out to be largely a mirage so …
Flood in Vale Mining Area Damaged Brazilian River, State Government Says
Overflowing water in a mining area owned by Brazil’s Vale caused environmental damage as it reached the local Maranhao River, Minas Gerais state government said in a statement on Monday. The overflow on Sunday, in two nearby but separate areas …
NTSB Opens Probe Into Waymo Robotaxis Passing Stopped School Buses
The U.S. National Transportation Safety Board said on Friday it is opening an investigation into self-driving car company Waymo after its robotaxis illegally passed stopped school buses in Austin, Texas, at least 19 times since the start of the school …
Ansay & Associates Expands Into Illinois With Preston Insurance Partnership
Preston Insurance Agency, a full-service independent insurance agency with six locations across Illinois, announced a strategic partnership with Ansay & Associates, one of the nation’s largest family-owned independent insurance agencies. This partnership marks Ansay & Associates’ expansion into the Illinois …
Nvidia Launches AI Technologies to Aid Weather Forecasting
Nvidia Corp. is offering new open-source software and models designed to help governments and businesses more easily use artificial intelligence and complex data to build their own weather forecasting systems. The chipmaker’s new Earth-2 platform includes a pair of AI-based …
EEOC Scraps Guidance That Expanded Workplace Protections for LGBTQ Workers
The U.S. agency that enforces laws prohibiting workplace discrimination on Thursday rescinded legal guidance that had strengthened protections against unlawful harassment for LGBTQ workers and women who have abortions. The U.S. Equal Employment Opportunity Commission voted 2-1 to repeal the …
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case
Navigators Insurance Co., a Hartford excess insurer, cannot escape a Georgia utility company’s argument that the utility is an additional insured on a policy, after a 2018 gas explosion in Georgia that left three women severely injured. The decision by …
Cargo Theft Surges 60% in 2025, $725M in Estimated Losses
Newly revealed data highlights a surge in criminals targeting high-value freight and new theft locations pushing losses higher, according to Verisk CargoNet analysis. Estimated losses surged 60% from 2024 numbers to nearly $725 million, while confirmed cargo theft incidents increased …
US Deep Freeze Wreaks Havoc on Texas Oil Producers and Refiners
A massive winter storm that swept the US over the weekend crippled oil and gas producers and the industrial plants that refine the raw commodities into everything from gasoline to plastics. Refinery flares lit up the Houston Ship Channel late …