Home insurance rates have risen so dramatically over the last decade that the average premium now exceeds the average property-tax bill in two-thirds of US counties, according to an analysis published by Bloomberg Intelligence. It points to the role of …

The damage wrought cross France by the recent street riots will demonstrate the extent of current insurance coverage, just months before a new state-backed system kicks in, according to DBRS Morningstar analysts. “The latest French unrest reinforces a broader trend …

Industry executives speaking during a recent NetDiligence Cyber Risk Summit in Philadelphia said cyber losses are increasingly driven by operational disruptions, sophisticated fraud schemes, rather than traditional ransomware and data breaches alone. Not to mention, of course, the rapid adoption …

Alphabet’s Google said on Tuesday its cloud services in the UK were back up after an hours-long outage that disrupted several financial firms and public-sector websites. The outage put the spotlight on concerns among UK and EU regulators about the …

Carolina authorities have charged multiple people, including a roofer and an insurance agent, with defrauding insurance companies. In North Carolina, Cameron Alexander Hammond, 34, of Vanceboro, was charged in another sting operation with deliberately damaging roof shingles on a home …

Ohio Mutual has named Brenton Kratzer AVP, internal audit, succeeding Kristy Kinley, who will be retiring in December. Kratzer will report to the Board of Directors Audit Committee Chair. Kratzer holds the Certified Internal Auditor (CIA) and Certified Information Systems …

Texas’ rapidly growing data center industry could reverse much of the state’s progress on air quality by the end of the decade, according to a new report released Tuesday. The air emissions report published by the Houston Advanced Research Center …

Intensifying public pushback against artificial intelligence data centers is spurring a new line of business for a New York-based boutique insurer. Arbol, which was founded by a former Citadel strategist, on Tuesday launched a new policy that protects data center …

Oaktree Capital Management’s agreement to take over a life insurer owned by Advantage Capital Holdings has collapsed, leaving the companies to discuss alternatives after regulators raised alarms over the business’s potential exposure to defunct investment firm 777 Partners. Oaktree, which …

Investment in alternative logistics routes in the Gulf to mitigate the impact of the Iran war could make the Strait of Hormuz “redundant” in the next five years, HSBC Group Chief Executive Georges Elhedery said on Tuesday. The conflict has …

The hackers who recently infiltrated some of Japan’s biggest companies used an AI tool developed in China and linked to a rash of breaches at South Korean banks last month, according to a Tokyo-based internet security firm. Researchers confirmed that …

The Virginia Workers’ Compensation Commission named two new deputy commissioners, Adam L. Katz and Jason A. Mullins. Both Katz and Mullins will serve as administrative law judges under the Virginia Workers’ Compensation Act and hold evidentiary hearings. Since 2010, Deputy …

The First Circuit Court of Appeals has dismissed a defamation lawsuit by Maine lobster interests against a California environmental group that urged the public to avoid eating North American lobster because, the group alleged, lobster fishing poses a risk to …

While the Bank of England is busy stress testing the UK’s private markets, another threat is looming in the minds of regulators. Turmoil caused by artificial intelligence is among the options being discussed for the BOE’s next system-wide exploratory scenario, …

French protests largely died down after authorities rolled out tougher security measures, including targeted curfews, following cost-of-living protests over the weekend that degenerated into violence, vandalism and looting.An 11 p.m. curfew was put in place in a few areas of …

The US Homeland Security Department is ordering the removal of DeepSeek products and third-party services using the Chinese AI model from US civilian agency IT systems, according to a notice published Oct. 19. The department is also banning acquisition of …

The US Supreme Court agreed to consider making it easier to challenge public school admissions policies as racially discriminatory in a fresh test of educational diversity efforts. The justices said Monday they will consider reviving a lawsuit that claims Maryland’s …

Six years after it launched and two years after it exited the distressed Florida market, American Mobile Insurance Exchange has officially lost its authority to operate. Florida Insurance Commissioner Mike Yaworsky announced Monday, Oct. 19, that he had forced the …

IT services company DXC Technology is in advanced talks to sell its insurance software and services division to private investment firm Eldridge Industries for about $2.4 billion, according to people familiar with the matter. Eldridge is discussing combining the business …

Washington Insurance Commissioner Patty Kuderer’s office reported fines totaling $495,200 against insurance companies, agencies and producers for insurance law violations between April and August. The two largest fines were against USAA Casualty Insurance Co. and Allstate Vehicle and Property Insurance …