News
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October 16, 2026
People Moves: OneShield Appoints Brown as Chief Insurance Officer
Insurance technology company OneShield, headquartered in Marlborough, Massachusetts, appointed Terry Brown as chief insurance officer. In this newly created role, Brown will shape the company’s AI-native capabilities and bring them to market. B...
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October 16, 2026
Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt
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 fin...
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October 16, 2026
Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says
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 ...
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October 16, 2026
Viewpoint: Model Independence Is the AI Strategy Insurers Can’t Afford to Ignore
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 f...
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October 16, 2026
CCC Intelligent Solutions Agrees to $6.1B Take-Private Deal with GTCR, Elliott
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 wil...
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October 16, 2026
All in the Family: Husband, Wife and Daughter Indicted for Insurance Fraud and Bribery
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 Gener...
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October 16, 2026
Anthropic Stands Alone as Rest of IPO Market Slows to a Crawl
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 In...
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October 16, 2026
Lemonade Launches Renters Insurance in Hawaii
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 ...
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October 16, 2026
Adjuster Created Law Firm and Fake Claim to Defraud Insurer of $1M, Officials Charge
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 …...
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October 16, 2026
NYC Comptroller Levine Urges Anthropic to Pause US IPO
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 ̷...
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October 16, 2026
Romania Blames Russia for Escalating Black Sea Ship Strikes
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 Roman...
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October 16, 2026
France, Germany Near Deal on Car Emissions, Britain ‘Made in EU’ Status
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 …...
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October 16, 2026
Ukraine Hits Russian Refinery; Zelenskiy Says ‘We’re Done’ with Trump’s Energy Truce
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 P...
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October 15, 2026
Florida Congressional Candidate Says Home Ground Wires to Be Replaced After Suit
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 ̷...
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October 15, 2026
States Seek Children’s Data Protections in Character.AI Bankruptcy
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 O...
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October 15, 2026
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event
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 …...
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October 15, 2026
AM Best Revises Outlooks to Positive for AmTrust Group Insurers
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)...
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October 15, 2026
Chubb Revamps Claims with 3 Leadership Promotions
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, effect...
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October 15, 2026
Missouri DCI Urges Residents to Consider Earthquake Insurance
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 …...
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October 15, 2026
Insurers: French Supermarkets’ Cyber Insurance Unlikely to Cover Food Losses
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 …...
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October 15, 2026
People Moves: Markel Strengthens London Marine & Energy Liability Team
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. B...
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October 15, 2026
Setback for TikTok as EU Court Adviser Backs Gatekeeper Label
An adviser to Europe’s highest court recommended on Oct. 15 that TikTok lose its challenge to its “gatekeeper” status under landmark EU rules, backing regulators in a closely watched test of the bloc’s efforts to curb Big Tech...
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October 15, 2026
People Moves: Opterrix Promotes Krupar to Chief Commercial Officer
Opterrix, a risk intelligence platform serving the property and casualty insurance industry, has promoted Rich Krupar to chief commercial officer. In the expanded role, Krupar will lead the company’s commercial strategy, growth and revenue init...
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October 15, 2026
Texas Crackdown on Data Centers Is Limited
In recent weeks, Gov. Greg Abbott and Attorney General Ken Paxton have adopted increasingly tough rhetoric against data centers, promising to crack down on hundreds of facilities that failed to disclose required information about their water use over...
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October 15, 2026
Higginbotham Transportation Practice Grows Into Full Division
Higginbotham announced it has grown its transportation specialty practice into a full division. The 31-person division brings 372 combined years of transportation insurance experience and greater capacity to address increasingly complex transportatio...
