Industry News
Insurance Sector Should Be on the Lookout for ‘Scattered Spider’ Hackers
Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and ...
Workplace Severity Rises While Frequency Declines: Travelers
Changing workforce demographics are contributing to changes in injuries sustained at work, according to the 2025 Injury Impact Report by Travelers. As one of the country's largest workers' ...
AmRisc Launches Reciprocal Exchange for Commercial E&S Market
AmRisc, a subsidiary of Alabama-based CRC Group and Truist Insurance Holdings, has launched a reciprocal exchange, initally writing in Florida, Georgia, Alabama, California and Colorado, the company ...
Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses
Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The ...
Middle East Tensions Raise Loss Accumulation Risks: Report
Marine, aviation, cyber, and terrorism insurers face immediate underwriting pressures and potential accumulation losses as a result of heightened hostilities between Iran and Israel, according to ...
IIHS: Blind Spots of Top Selling Autos Grew; Pedestrian, Biker Deaths Soared
The forward blind zones of six top-selling vehicles grew over the past 25 years as pedestrian and bicyclist fatalities soared, a new comparison technique developed by the Insurance Institute for ...
Homes With Toxic Smoke Damage Deepen Insurance Nightmare in LA
Months after fire tore through Los Angeles' Pacific Palisades neighborhood, homeowners are struggling to get reimbursed — not for houses reduced to rubble, but for the damage of smoke and toxins in ...
Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in U.S.
Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan's largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive ...