The world’s biggest hub for commercial and specialty risk is angling for a much more prominent role in the $140 billion global market for insurance-linked securities. Issuance of ILS products, currently dominated by Bermuda, is witnessing a stunning surge in …

Erratic weather is forcing private equity investors to scrutinize a new source of financial risk — whether assets in their portfolios can withstand a changing climate. For decades, investment models at the world’s largest funds relied on assumptions of a …

Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to …

Texas can continue enforcing a law requiring app marketplace operators like Google and Apple to verify all users’ ages after the U.S. Supreme Court declined Monday to intervene. Senate Bill 2420, which was supposed to take effect Jan. 1, establishes …

Sequel Insurance Agencies, powered by SIAA, a leading independent insurance agency platform and perpetuation partner for entrepreneurial agencies, announced its acquisition of Watkins Insurance Group including five office locations across Austin and Central Texas. This transaction marks another strategic milestone …

A nearly $1 billion takeover by a defense supplier that Pentagon officials previously faulted for overcharging the military may serve as the latest test of how light a touch the US Justice Department is willing to take on corporate mergers. …

Iran told the United Nations’ shipping agency that it has authority over parts of the Strait of Hormuz, the waterway that’s a centerpiece of peace talks between Washington and Tehran. “Parts of the Strait of Hormuz fall within the territorial …

A group of Ugandan farmers will on Tuesday file a lawsuit in the UK High Court against the East African nation’s $5.6 billion crude pipeline, potentially delaying long-awaited exports due to begin later this year. The petition says the 1,450-kilometer …

Home fortifications, from roof tie-downs to window protections, have been recognized as key factors in reducing losses, claims and premiums in hurricane-prone states like Florida. But relying on the incentive of premium discounts is not enough to prompt widespread adoption …

Lulu Gribbin was 15 when she survived a shark attack off the coast of Florida. She lost her left hand, part of her right leg and almost her life. What she didn’t know when she entered the water on that …

Temperatures are set to rise across Los Angeles and parts of the southwestern U.S. later this week. Extreme heat is already settling across Southern California and Arizona as readings threaten to reach 116F (47C) across the region, including in Palm …

Chesapeake Employers’ Insurance Company Names Barnett SVP, CFO Chesapeake Employers’ Insurance Company appointed John Barnett as senior vice president and chief financial officer (CFO). Barnett brings more than 25 years of financial leadership experience to Chesapeake Employers and will play …

A U.S. bankruptcy judge on July 7 approved a $46.75 million settlement for victims of a 2023 data breach at the genetic testing company 23andMe, which exposed genetic and other personal information of an estimated 6.9 million customers. U.S. Bankruptcy …

Federal safety investigators said in a new preliminary report that they found no indication that engine failure caused the fiery crash of a plane on a skydiving outing last month in Missouri that killed all 12 people aboard, including several …

A Walcott, Iowa insurance agent has been charged with over 20 felonies for allegedly opening insurance policies under the names of family who had no knowledge that the polices were taken out, the Iowa Insurance Division announced. Stanly Blythe, 61, …

Three people died and seven others were rescued Friday after a boat capsized in Geneva Lake as a strong storm passed through southern Wisconsin, an official said. Many injuries were reported in Wisconsin’s Walworth County after the storm toppled trees, …

Shepherd Insurance announced the appointment of Collin Hill as the company’s first-ever chief information officer (CIO), a new leadership role created to support Shepherd’s continued growth and commitment to operational excellence. Hill brings more than two decades of technology and …

SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the move will strengthen its ability to design, launch and scale protection solutions more quickly across Europe, marking a significant step …

In legislative hearings after last year’s July 4 floods, the state’s emergency management chief made some recommendations to state lawmakers. They included empowering the agency to vet volunteers who show up after disasters and establishing clearer guidelines for local officials …

As the deadly New World screwworm spreads through Texas, posing significant risk to the US cattle herd, experts are still puzzling over the mystery of how it got there. The parasite fly’s larvae, which feeds within the wounds of warm-blooded …