Industry News
Vessels, Cargo Valued at $125B Awaiting Gulf Passage: Allianz
Around 1,150 cargo-carrying ships with an estimated vessel and freight value of $125 billion and as many as 20,000 seafarers are waiting to resume operations in the Gulf after the Iran war shut the ...
U.S. P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles
Private U.S. property/casualty insurers posted a first-quarter 2026 underwriting gain of $15.8 billion—quite the reversal after recording an underwriting loss of $864 million for the first three ...
Executives on the Move at AIG, Progressive, HDI Global and Sompo
AIG has appointed Gavin Spencer as Head of Specialty, North America, effective immediately. He is taking on this expanded role alongside his current responsibilities as Head of Marine, North ...
Flood Insurance Gap Will Squeeze Local Governments, Homeowners: Moody’s
The flood insurance gap in the United States is big and it's not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to ...
California UPS Mechanic Admits to Workers Comp Fraud
A former UPS employee was sentenced to 90 days in jail, two years' probation, and ordered to pay $50,000 restitution to Liberty Mutual Insurance after submitting a fraudulent workers compensation ...
Data Centers Are Being Built in Areas Exposed to Extreme Weather
A significant number of data centers are being built in areas that are exposed to extreme weather risks brought on by climate change, a report by XDI has found. A study of roughly 2,600 planned data ...
Trump Says Illegal Immigration Increased Car Insurance Prices
President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor's time in the White House for ...
Earnix Launches AIOS AI Orchestration System
Earnix, an AI company purpose-built for insurance decisioning, announced the launch of AIOS, the AI Orchestration System. AIOS extends Earnix's intelligent decisioning engine across the insurance ...