President Donald Trump pledged to provide more federal aid to Texas flood victims after the Federal Emergency Management Agency denied the state’s initial request to help individuals recovering from widespread floods in July. The flooding swept through portions of southwest Texas and the Hill Country, which was still building back from another deadly flash flood …
Firms join forces to provide re/insurance against the risk of pandemics for insurers in Indonesia and the Philippines Source link
Snap Inc. is finalizing a settlement in a lawsuit filed by two teenagers who say years of compulsive scrolling and posting on the company’s photo-sharing app contributed to their mental health struggles, according to attorneys for the plaintiffs. The agreement, reached partway through jury selection in Los Angeles, would enable the company to avoid the …
Initiative provides pool of entry-level, pre-assessed talent to simplify recruitment challenges Source link
Supermarkets in Belgium and Sweden reported sudden changes in the temperatures of their fridges and freezers on Monday, sparking fears of a cyberattack similar to those that recently occurred in France. Delhaize, which is owned by Dutch retailer Ahold Delhaize, confirmed that an “IT incident” took place at about 40 of its stores in Belgium …
Tokio Marine teams up with UK auto broker on robot cover Source link
Binance began restoring customer withdrawals Sunday after hackers drained over $6 billion in the biggest cyber theft ever recorded, as the crypto industry awaits answers on the breach blamed on North Korea and steps to strengthen the exchange’s defenses. The world’s largest digital-asset platform reopened Bitcoin withdrawals after 2 p.m. Singapore time, more than two …
Securities litigation is an emerging exposure capable of generating substantial defence costs, complex coverage issues and significant indemnity payments Source link
Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e are taking decisive action on legacy exposures,” said Simon Wilson, chief executive officer of Markel Insurance, during an analysts’ call to discuss the …
The ruling of Lord Leggatt and Burrows comes as a significant win for London P&I, which would otherwise have been… Source link
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss was a 55% improvement compared with the prior year. Any improvement is welcomed for a …
Record capital levels, strong returns and softening property catastrophe pricing was encouraging capital to move into the specialty line, the… Source link