A cyber insurance dispute is unfolding in federal court as ACE American Insurance Co., a Chubb subsidiary, seeks to recoup $500,000 paid in ransomware damages from two IT vendors it claims are at fault.
Florida’s state-run Citizens Property Insurance Corporation has announced a temporary deferral of its flood insurance documentation requirement due to the federal government shutdown.
A new WTW survey signals a fundamental transformation in the reputational risk profile for transportation companies, shifting away from traditional safety concerns and toward mounting environmental and cybersecurity threats.
A recent report from Argo Group highlights three converging forces shaping the future of specialty insurance: inflation, litigation volatility, and a deepening talent gap.
Zurich Insurance Group, along with cybersecurity partners, is pressing for the creation of national cybersecurity metrics to address the widening gap between insured losses and the true economic cost of cyber incidents.
With global insured losses soaring past $84B in 2025 alone, insurers must shift from reactive payouts to proactive, tech-driven models that strengthen resilience and trust.
Q3 2025 saw $1.036B in cat bond issuance across 23 deals, pushing total year-to-date issuance to $18.6B and positioning the market for its first-ever $20B+ year.
Strong relationships between claims teams are key to reducing litigation and improving outcomes. Learn how to build networks that enhance communication, trust, and performance.
Cyber claims frequency fell 53% in H1 2025, but ransomware severity rose 17% as attackers became more targeted, with double and triple extortion tactics on the rise.
Hurricanes Humberto, Erin, and Gabrielle have all reached major hurricane status, marking the first time since 1935 that the season’s first three storms hit Category 3 or higher.
Former New Orleans 911 Director Tyrell Morris has been convicted of multiple charges, including insurance fraud and impersonating a peace officer, stemming from a 2023 crash.
A federal judge ruled that Martin Shkreli must face a lawsuit from PleasrDAO over allegedly copying and streaming the rare Wu-Tang Clan album ‘Once Upon a Time in Shaolin.’
The National Flood Insurance Program is set to expire by month’s end unless Congress acts, potentially disrupting home closings and leaving policyholders at risk.