Ransomware attacks are up more than 50% year-over-year, setting an all-time high for one network security company. NordLayer Intelligence, a threat exposure management platform, said it recorded 2,894 attacks in the third quarter 2026. There were 1,933 ransomware attacks in …
Those lobbying for changes in court rules to require disclosure of third-party litigation funding have a new ally – Sen. Chuck Grassley. Grassley, R-Iowa, the chairman of the U.S. Senate’s Judiciary Committee, submitted a letter to the Advisory Committee on …
Those lobbying for changes in court rules to require disclosure of third-party litigation funding have a new ally – Sen. Chuck Grassley. Grassley, R-Iowa, the chairman of the U.S. Senate’s Judiciary Committee, submitted a letter to the Advisory Committee on …
The insurance industry has dealt with emerging risks in the past, and Chubb CEO Evan G. Greenberg said he thinks the same approach can be applied to the rapid escalation of apparent liabilities presented by business’ use of artificial intelligence. …
Commercial insurance rates fell globally for the ninth straight quarter during the third quarter of 2026. According to the latest Global Insurance Market Index released by Marsh, global commercial insurance rates fell, on average, by 5% in Q3. This followed …
Third quarter 2026 net income at W.R. Berkley Corp. decreased about 12.7% compared to the same period a year ago to about $446 million. However, operating income for the second quarter was $456.5 million, up from $440.2 million during the …
Small- and mid-sized businesses hear and read the same news everyone else does. Awareness of cyber risk isn’t the problem. But after years of insurers market trying to crack this nut, these businesses aren’t buying the right coverage. The disconnect …
The National Flood Insurance Program is once again set to expire in two months. Early last month, NFIP’s authority to operate was renewed when the president signed legislation passed by Congress to keep NFIP running until midnight Dec. 12. According …
The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
U.S. homeowners multiperil insurers reversed a $1.3 billion underwriting loss in 2024 to post an underwriting profit of $16.5 billion in 2025 – the line’s first underwriting gain since 2019, said AM Best. In fact, seven of eight years from …