News Archives - Insurance Journal

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29 01, 2026

Markets/Coverages: Arch Launches Event Cancellation Cyber Coverage

By | January 29th, 2026|Uncategorized|Comments Off on Markets/Coverages: Arch Launches Event Cancellation Cyber Coverage

Arch Insurance International (Arch) announced the launch of its event cancellation cyber coverage, which is available through both the London market and Arch’s instant quote and bind platform, Arch IQ. Offered as a cyber extension to an event cancellation policy, …

29 01, 2026

Flood Losses Set to Soar 10-Fold in Southeast Asia, WTW Study Finds

By | January 29th, 2026|Uncategorized|Comments Off on Flood Losses Set to Soar 10-Fold in Southeast Asia, WTW Study Finds

Losses tied to floods in Southeast Asia may grow as much as 10-fold in the coming years due to the rise of extreme weather events, according to Willis Towers Watson Plc. Early indications suggest that major regional flooding events have …

29 01, 2026

Winter Storm to Cause Billions of Dollars in Insured Losses: UBS

By | January 29th, 2026|Uncategorized|Comments Off on Winter Storm to Cause Billions of Dollars in Insured Losses: UBS

A major winter storm that hit the United States in recent days is expected to cause billions of dollars in insured losses, analysts at brokerage UBS said in a note. The heavy storm has left much of the central and …

29 01, 2026

Russia-Linked Oil Tanker Loses Control Again in Mediterranean

By | January 29th, 2026|Uncategorized|Comments Off on Russia-Linked Oil Tanker Loses Control Again in Mediterranean

A second Russia-linked oil tanker lost control as it was entering the Mediterranean Sea in under a week. The medium-range vessel Chariot Tide first showed signs of difficulty as it approached Tangier, Morocco, on Jan. 21, when its speed abruptly …

29 01, 2026

People Moves: Marsh Risk Expands US Surety Team; AXA XL Appoints Billingslea as Head of Energy; Nixon Joins KCC Leadership Team

By | January 29th, 2026|Uncategorized|Comments Off on People Moves: Marsh Risk Expands US Surety Team; AXA XL Appoints Billingslea as Head of Energy; Nixon Joins KCC Leadership Team

Marsh Risk Expands US Surety Team With 3 Leadership Appointments Marsh Risk, headquartered in New York City, made three leadership appointments. Jimmy Tse was named U.S. financial institutions surety growth leader. Tse has 20 years of experience in financial institutions, …

28 01, 2026

Thousands of East Texans Remain Without power After Winter Storm

By | January 28th, 2026|Uncategorized|Comments Off on Thousands of East Texans Remain Without power After Winter Storm

Thousands of East Texans remain without power days after a winter storm paralyzed most of the state over the weekend. Many may be without power until Sunday as utility workers traverse icy roads in dense forests to restore power. Winter …

29 01, 2026

Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms

By | January 29th, 2026|Uncategorized|Comments Off on Cape Cod Faces Highest Snow Risk as New Coastal Storm Forms

New York and most of the Northeast will likely be spared the worst of a new winter storm this weekend that still may clip Cape Cod and eastern New England.

29 01, 2026

People Moves: Brown Appointed Vermont Deputy Commissioner of Captive Insurance

By | January 29th, 2026|Uncategorized|Comments Off on People Moves: Brown Appointed Vermont Deputy Commissioner of Captive Insurance

The Vermont Department of Financial Regulation announced the gubernatorial appointment of Christine Brown as deputy commissioner of its captive insurance division. Brown has served in an acting capacity since the start of the year. Brown joined the captive insurance division …

29 01, 2026

Commerce Department Plans National AI Center in San Francisco

By | January 29th, 2026|Uncategorized|Comments Off on Commerce Department Plans National AI Center in San Francisco

The U.S. Department of Commerce is preparing to open a national artificial-intelligence center in San Francisco, putting it closer to firms at the center of some of the government’s most high-profile initiatives. In addition to the Bay Area, AI export …

29 01, 2026

Judge Allows Massachusetts Wind Project to Resume Construction, Blocking Trump Pause

By | January 29th, 2026|Uncategorized|Comments Off on Judge Allows Massachusetts Wind Project to Resume Construction, Blocking Trump Pause

A federal judge on Tuesday allowed Vineyard Wind to resume work on its Massachusetts offshore wind project, which President Donald Trump’s administration halted along with four other projects last month due to national security concerns. The ruling by U.S. District …