Japan and Korea insurers have shown unprecedented demand for M&As and strategic investments overseas in the past few years, targeting opportunities in both developed and emerging markets. While insurers from these two Asian economies have nuanced appetites and different capital …
The war in Iran is fueling a resurgence in maritime piracy off the coast of Somalia, according to a European Union naval force patrolling the region. There have been at least three confirmed hijackings in the past week alone, with …
An appeals court has reversed an $8.2 million defamation verdict awarded to Alabama politician Roy Moore, who sued a super PAC over a 2017 political ad detailing misconduct accusations against him. The panel of the 11th U.S. Circuit Court of …
Newport Specialty Partners, a new specialty insurance platform backed by Lovell Minnick Partners, announced that it has acquired Complex Coverage, Inc. (CCI), a managing general agency focused on homeowners and personal lines coverage in New York. The transaction is Newport’s …
Industry executives who described insurance and reinsurance markets as “rational” in the not-so-distant past are now using words like “dumb” and “bizarre” to characterize soft-market competitor moves happening faster than expected, and in unusual places. W. Robert Berkley, Jr., chief …
A workers’ compensation claim has turned into accusations that the billionaire frontrunner in the Georgia governor’s race, a health care executive who has vowed to deport more immigrants, hired illegal immigrants to work on his property. Republican Rick Jackson, founder …
The California Department of Motor Vehicles on Tuesday adopted new regulations for autonomous vehicles, allowing manufacturers to test and deploy heavy-duty driverless vehicle technology on the state’s roads. Related: Tesla Avoids California Sales Halt Over Autopilot Marketing The new regulations …
GEICO leadership said this week that the company is working with Florida policyholders after a snafu inadvertently alerted people that their driver licenses had been suspended. The auto and property insurance company did not reveal details about what happened, only …
Insurtech Lemonade reported a first quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, Lemonade said its topline growth was positive, with 159% increase in year-to-year …
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered …