» Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
16/10/26 00:23 from Insurance Journal
The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating significant financial and operational challenges,” …
» Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
16/10/26 00:08 from Insurance Journal
A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say …
» Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
16/10/26 00:07 from Insurance Journal
Right now, many enterprises are approaching AI adoption like a vendor selection exercise. Which model should we partner with? Which platform is smartest? Which large language model (LLM) has the features and are at a price point we’re looking for? …
» CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
16/10/26 00:05 from Insurance Journal
CCC Intelligent Solutions said on Thursday it agreed to be acquired by a consortium of private investment firms led by GTCR and including Elliott Investment Management in a $6.1 billion take-private deal. Shareholders of the Chicago-based company will receive $7.75 …
» All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
16/10/26 00:00 from Insurance Journal
Three members of a New Jersey family have been charged for their alleged roles in a homeowners’ insurance fraud scheme involving an Assurance Insurance Co. claims examiner that generated more than $100,000 in fraudulent payments. Attorney General Jennifer Davenport reported …
» Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl
16/10/26 00:00 from Insurance Journal
A cocktail of risks is threatening to stall the US IPO pipeline, leaving Anthropic PBC’s potential blockbuster debut as one of the few offerings that investors can count on. Several deals have already come unglued, with smart-ring maker Oura Inc. …
» Lemonade Launches Renters Insurance in Hawaii
16/10/26 00:00 from Insurance Journal
Lemonade is offering renters insurance in Hawaii. The company’s renters policies are available through its app, where customers can get quotes, purchase and update policies and file claims. Lemonade said about 40% of renters claims are handled instantly. The company …
» Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
16/10/26 00:00 from Insurance Journal
A former claims adjuster has been charged with defrauding the Pennsylvania insurer he worked for by taking payment of nearly $1 million for an accident claim under the guise that he was with a law firm representing the claimant. Pennsylvania …
» NYC Comptroller Levine Urges Anthropic to Pause US IPO
16/10/26 00:00 from Insurance Journal
Anthropic should delay its US IPO until it addresses concerns about safety, governance and the pace of development, urged New York City Comptroller Mark Levine in a letter to the AI lab’s CEO Dario Amodei. AI systems have advanced rapidly …
» Romania Blames Russia for Escalating Black Sea Ship Strikes
15/10/26 23:40 from Insurance Journal
Romania blamed Russia for increased drone strikes against commercial vessels in the Black Sea after a second cargo caught fire near its territorial waters in the space of 12 hours. “It’s obvious that these are attempts by Russia, in Romania …
» France, Germany Near Deal on Car Emissions, Britain ‘Made in EU’ Status
15/10/26 23:36 from Insurance Journal
France and Germany are nearing a deal on cars that would water down EU-wide CO2 emission targets for 2035 and open the door for Britain to be treated as a trusted partner under the EU’s “Made in EU” rules, diplomats …
» Ukraine Hits Russian Refinery; Zelenskiy Says ‘We’re Done’ with Trump’s Energy Truce
15/10/26 23:30 from Insurance Journal
Ukraine struck a Russian oil refinery on Oct. 15, after President Volodymyr Zelenskiy said Kyiv was “done” supporting a ceasefire on energy targets announced by US President Donald Trump and ignored by Russia. Russian President Vladimir Putin played down the …
» Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
15/10/26 12:00 from Insurance Journal
The founder of a central Florida home services company, who is running for Congress this year, said the firm will inspect and replace electrical ground wires that may not meet building code, after homeowners filed a lawsuit. Joe Strada, founder …
» States Seek Children’s Data Protections in Character.AI Bankruptcy
15/10/26 10:42 from Insurance Journal
A group of 40 state attorneys general on Wednesday urged a US bankruptcy judge in Delaware to protect young users of Character.AI and keep their data safe during the AI companion company’s bankruptcy. Character.AI filed for bankruptcy late on Oct. …
» KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
15/10/26 10:27 from Insurance Journal
Catastrophe risk management firm Karen Clark & Co. (KCC) said privately insured losses from wind and storm surge during Hurricane Isaias will be about $3 billion, making the storm one of the most manageable for insurers in recent years. AM …
» AM Best Revises Outlooks to Positive for AmTrust Group Insurers
15/10/26 09:55 from Insurance Journal
AM Best has revised the outlooks to positive from stable for the members of the New York-based AmTrust Group. The ratings firm also affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) …
» Chubb Revamps Claims with 3 Leadership Promotions
15/10/26 09:19 from Insurance Journal
Chubb Limited said it made three leadership appointments within its global claims organization. Lisa Wilson has been named head of North America claims, overseeing all aspects of North America commercial and personal lines claims and services, effective immediately. Wilson will …
» Missouri DCI Urges Residents to Consider Earthquake Insurance
15/10/26 09:04 from Insurance Journal
October 15 is the Great ShakeOut, a day when millions of Americans participate in earthquake drills while at school, work or home. The Missouri Department of Commerce and Insurance (DCI) is using October as a reminder for residents to consider …
» Insurers: French Supermarkets’ Cyber Insurance Unlikely to Cover Food Losses
15/10/26 09:02 from Insurance Journal
French supermarkets are facing millions of euros in losses after a cyberattack forced them to throw away food, in a crisis that is not typically covered by cyber insurance policies but could still lead to higher premiums in future, insurers …
» People Moves: Markel Strengthens London Marine & Energy Liability Team
15/10/26 08:33 from Insurance Journal
Markel Insurance announced two key appointments within its marine & energy liability underwriting team in London, appointing Josephine Stroud as head of energy liability and Jenny McFarlane as senior underwriter – marine & energy liability. Both appointments follow the establishment …