Much of the Miami Beach skyline, on ground that’s just a few feet above sea level, is sinking. But some of the iconic skyscrapers there are sinking at different rates and much of the subsidence is due to non-stop building …
A Louisiana man was arrested this week on a charge of insurance fraud for allegedly burning his pickup truck. St. Landry Parish Sheriff’s Deputies arrested Andronicus Edison, 58, of Palmetto after the Louisiana Office of State Fire Marshal’s (SFM) Fire …
A Greek container ship has sunk after being hit by naval drones off Bulgaria on Wednesday, the Bulgarian government said, in the latest of a series of strikes in the western Black Sea this month that have raised concerns about …
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 …