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Today's Headlines
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April 29, 2026 |
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Industry executives who described insurance and reinsurance markets as "rational" in the not-so-distant past are now using words like "dumb" and "bizarre" to characterize soft-market competitor moves happening faster than expected, and in unusual places. W. Robert Berkley, Jr., chief executive officer and president of W.R. Berkley Corporation, began his opening remarks on a first-quarter... read more
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Global and regional natural catastrophe activity and loss totals were lower in the first quarter of 2026 than in comparable quarters of previous years, leaving the reinsurance industry well-positioned as it heads into the more costly second and third quarters, according to Gallagher Re. "We now estimate that it would require a single event (or... read more
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At Accelerate 2026, Vertafore's keynote made one thing clear: the insurance industry isn't just adopting AI—it's being fundamentally reshaped by it. Framed around the theme "Powering Your Possible in the AI Era," the keynote brought together Vertafore leaders and customers to explore how agencies, MGAs ... read more |
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Premium renewal rates in the first quarter 2026 decreased for all major commercial lines compared to the fourth quarter 2025, according to the Ivans Index. "Q1 sets an important baseline for 2026, with commercial rates continuing to soften as the market adjusts to a more moderate pace of change," said Michael Streit, president of Ivans.... read more
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The U.S. Supreme Court heard arguments on Monday in Bayer's bid to limit thousands of lawsuits alleging that the German company's Roundup weedkiller causes cancer in a case that is one part of sprawling yearslong litigation over the product. Here is a look at how the court's decision, which is expected by the end of... read more
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There were 767 recorded supply chain crimes across the United States and Canada in the first quarter of 2026, a 5.3 percent decrease from Q1 2025 and a 12.2 percent decline from Q4 2025, according to Verisk CargoNet. Despite fewer incidents, estimated losses reached $131.58 million, essentially unchanged from Q1 2025, and confirmed cargo theft... read more
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A Florida man, formerly employed as a ransomware negotiator, pleaded guilty to conspiring to commit ransomware attacks against U.S. companies in 2023, according to an announcement by the U.S. Department of Justice, Office of Public Affairs. Angelo Martino, of Land O'Lakes, Florida, collaborated with the operators of the Blackcat/ALPHV ransomware to attack and extort businesses... read more
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Joby Aviation Inc. is planning to fly electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. The demonstration flights will be New York's first point-to-point trips of an electric vertical takeoff and landing vehicle, or eVTOL, according... read more
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Insurance fraud is often detected after a claim is filed, a payment fails, or ...
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Static underwriting rules weren't built for a dynamic market — and the gap ...
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Is your legacy system holding back your AI ambitions?
For insurance carriers, ...
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Insurance carriers are navigating an era defined by rapid change. AI is ...
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Paper payments are costing you more than you think. 500 manually-processed B2B ...
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