News
House Committee Advances Bill to Extend Federal Terrorism Backstop
Looking to ensure the longevity of a worthwhile federal program, the insurance industry has continued to lobby in favor of the TRIA Program Reauthorization Act of 2026. The legislation (HR ...
AI Data Center Boom Risks Roiling Global Carmaker Supply Chains
The auto sector is bracing for yet another potential supply chain disturbance, this time spurred by the rush to build data centers that train and develop artificial intelligence models. A shortage of ...
Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% ...
First Adaptive Seatbelt Promises Enhanced Safety
Two automakers announced seatbelt enhancements within the past six months. Luxury automaker Mercedes targeted comfort with its heated seatbelts, while Volvo targeted improved safety with its adaptive ...
RLI Inks 30th Straight Full-Year Underwriting Profit
"It's too long to be considered a hot streak." That's how the chief executive officer of specialty insurer RLI delivered the news of his company's unbroken 30-year record of underwriting profits on ...
Special Master: Experts Can Testify About Suspected J&J Talc Products’ Cancer Link
In a victory for thousands of women suing Johnson & Johnson over claims that the company's baby powder and other talc products caused their ovarian cancer, a court-appointed special master ...
Suspect Self Deports to Avoid Trial in $100M California Jewelry Heist
Federal immigration authorities allowed a suspect in a $100 million jewelry heist believed to be the largest in U.S. history to deport himself to South America in December, a move that stunned and ...
AI-Driven Threats Driving Spending Plans: AXIS
Nearly 82% of executives surveyed by AXIS Capital Holdings Limited said their organizations plan to increase their cybersecurity budgets over the next 12 months, while ...
CEO Revenue Confidence Hits 5-Year Low: PwC Survey
Only three in 10 chief executives are confident in their companies' revenue growth prospects over the next year, the lowest level in five years, according to a global survey by ...