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Today's Headlines
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June 9, 2026 |
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Does an estimated $10.5 trillion in damage costs related to cyber crime around the globe really represent an opportunity that the insurance industry should be tackling? The question came up during the Casualty Actuarial Society's Seminar on Reinsurance this week, after veteran insurance leader Mike McGavick pointed out that cyber insurers are paying loss amounts... read more
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When USAA announced nearly $4 billion in policyholder dividends in December last year, the military insurer cited its financial discipline and the proactive steps of members to prevent losses among reasons for the payout. This week, USAA announced another forthcoming payout— a $500 million dividend for Florida auto policyholders—this time pointing to tort reform measures... read more
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Roof risk has quietly become one of the most significant drivers of residential property losses, often outside the spotlight of major catastrophe events. As insurers look for ways to improve underwriting precision and manage portfolio exposure, roof condition, age, and construction are emerging as critical ... read more |
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Extreme weather will likely spur more than $20 trillion in global spending over the next decade, boosting sales and earnings for reinsurers and companies involved in energy efficiency and climate security, according to analysts at Bloomberg Intelligence. Returns for a group of 275 companies focused on environmental adaptation and mitigation beat the broader market by... read more
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Eight members of a Northeast theft ring have been charged with fraud for impersonating legitimate shipping companies and stealing nearly $5 million in cheese, cigarettes, and copper from logistics sites in Pennsylvania, Virginia and New Jersey, according to a press release issued last week by the Manhattan District Attorney's Office. The stolen goods were then... read more
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Four individuals were arrested following an investigation into an alleged automobile insurance fraud scheme in Iberia Parish, according to a recent announcement by the Louisiana State Police Insurance Fraud / Auto Theft Unit (IFAT). The investigation began after a criminal referral from Timber Creek Insurance Services and the Louisiana Department of Insurance Fraud Division regarding... read more
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A year ago, Ryan Tseng, the head of U.S. defense tech startup Shield AI, announced his company had turned a new page. After a gory incident that partially severed a U.S. Navy official's fingers during a test of its V-BAT drone, Shield AI had addressed safety concerns with new landing gear and warning stickers near... read more
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A Los Angeles jury has awarded $176 million to the parents of two young brothers killed in a hit-and-run collision when a California socialite's car struck them in a crosswalk nearly six years ago. The jury found both Rebecca Grossman and Scott Erickson, a former Los Angeles Dodgers pitcher, negligent in the deaths of 11-year-old... read more
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When it comes to job cuts, older workers are often disproportionately affected. But a new survey of chief executive officers suggests this won't be a given as companies adopt artificial intelligence. More than 40% of CEOs plan to cut junior roles over the next one to two years and shift the composition of their workforce... read more
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Claims operations have always been the operational core of P&C insurance ...
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Insurers are currently navigating a rapidly changing landscape, from agentic AI ...
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Insurance carriers are sitting on more data than ever—but turning it into ...
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Solve today's revenue pressures and tomorrow's digital challenges.
Is your ...
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In a soft market, every carrier faces the same impossible choice: chase growth ...
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