Opterrix, a proactive risk intelligence and exposure management platform, this week launched Opterrix Portfolio Management, a new AI-powered workflow designed to help insurers gain a better understanding of their entire portfolios and make more informed underwriting and portfolio management decisions. …
Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e are taking decisive action on legacy exposures,” said …
A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …
Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist, putting a spotlight on how cryptocurrency exchanges insure their digital assets against theft and cyberattacks. But insurance protection is far from uniform. Coverage depends on how assets are …
An independent Hong Kong committee blamed a renovation contractor and consultant as well as four government departments for a deadly blaze that killed 168 people in the city last November, according to its report released to the public on Thursday. …
Insurance broker Aon and SAGE, an agricultural risk intelligence company, are launching a crop insurance program in the U.S. they say will assess agricultural risk more accurately and help price insurance more effectively. The program uses artificial intelligence to combine …
Four months after two Florida men were charged with operating a sham insurance company and a month after regulators ordered them to cease operations, the two have been indicted on federal fraud and money laundering charges. A federal grand jury …
Before the sun rose on Oct. 5, a school bus carrying students to Winter Haven High School in Central Florida was clipped by an oncoming car. The impact sent the bus into oncoming traffic, where it collided head-on with another …
California is bracing for flooding as a so-called atmospheric river delivers a glancing blow to the south of the state, before moving across northern Mexico into the U.S. Southwest this weekend. Coastal flood warnings and advisories are up through Friday …
West Virginia’s Republican attorney general has launched a broad investigation into many of the state’s leading environmental groups, demanding a decade of internal records involving their fundraising and climate change advocacy as part of a probe into “alleged unfair or …