Sweden Sees Russia Intensifying Cyber Attacks on Infrastructure
Russia’s intelligence services are now seeking to damage European infrastructure with cyber attacks rather than merely overwhelm websites with excess traffic, Swedish Civil Defense Minister Carl-Oskar Bohlin said. “Over the past year, Russia’s methods have shifted,” Bohlin said during a …
POSTED APRIL 16, 2026 8:37 AM |
ECB to Quiz Bankers About Risks of Anthropic’s New AI Model, Source Says
European Central Bank supervisors are set to quiz bankers about the risks that Anthropic’s new artificial intelligence model might supercharge cyberattacks, one source familiar with the situation told Reuters on Wednesday. Anthropic’s Mythos is seen by cybersecurity experts as posing …
POSTED APRIL 16, 2026 7:28 AM |
Africa Trade Insurer Seeks $500 million to Help With Iran War Cost Increase
Africa’s leading multilateral insurer of trade risk is seeking around $500 million in capital from partners to support countries that face higher costs as a result of conflict in the Middle East, its chief executive told Reuters. African Trade & …
POSTED APRIL 16, 2026 7:05 AM |
Helvetia Baloise Set to Return $3.6 Billion to Investors to 2028
Helvetia Baloise Holding AG said it aims to return some 2.8 billion Swiss francs ($3.6 billion) to investors over the period to 2028, as the newly-merged insurer sets financial targets for the first time. The company proposed a dividend of …
POSTED APRIL 16, 2026 6:34 AM |
Aon Expands Data Center Lifecycle Insurance Program Capacity to $3.5B
Aon plc is expanding its proprietary Data Center Lifecycle Insurance Program (DCLP) with an additional $1 billion, increasing the program’s capacity to $3.5 billion. In addition, coverage will extend to include existing data centers coming off the first year of …
POSTED APRIL 16, 2026 5:10 AM |
People Moves: Former Verisk CEO Stephenson Joins ZestyAI Board of Directors; WTW Appoints Li to North America PPCU Consulting Team
Scott Stephenson, former chairman, president, and CEO of Verisk Analytics, joined the board of directors at ZestyAI, a San Francisco, California-based risk and decision intelligence platform for the insurance industry. Stephenson spent more than two decades at Verisk, including nine …
POSTED APRIL 16, 2026 5:04 AM |
With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?
For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund—mainly through a lowered retention, or deductible, level. Today, three years into Florida’s tort-reform …
POSTED APRIL 16, 2026 5:01 AM |
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI
The world’s largest insurance brokers recently found themselves caught in an “AI scare trade” after news that Tuio home insurance would soon be available via ChatGPT. Shares fell sharply, as investors questioned whether intermediaries could be bypassed altogether. That reaction …
POSTED APRIL 16, 2026 5:01 AM |
California Wants to Fund Green Jet Fuel — By Raiding Your Road Repair Budget
California Gov. Gavin Newsom is advancing a plan that could funnel hundreds of millions in road dollars to a struggling oil refinery—pitching it as a cleaner jet fuel initiative. The credit, drawn from funds voters designated for highways and local …
POSTED APRIL 16, 2026 5:00 AM |
With Compromise Expected, North Carolina Delays 68% Dwelling Rate Hike Hearing
Citing progress on a potential compromise with the insurance industry’s rate bureau, North Carolina Insurance Commissioner Mike Causey has rescheduled a hearing on proposed dwelling insurance rate increases from May 4 to July 6. The North Carolina Rate Bureau is …
POSTED APRIL 16, 2026 5:00 AM |
Wildfire Mitigation Designation Program Now Available in Florida
An insurance industry supported wildfire mitigation designation program has been expanded into 10 additional high-risk states with Florida being one. The expansion comes at a time when Florida is experiencing widespread drought conditions and state officials are concerned that the …
POSTED APRIL 16, 2026 5:00 AM |
Florida Surgeon Faces Manslaughter Charge for Allegedly Removing Wrong Organ
A grand jury indicted a Florida doctor on a manslaughter charge for allegedly removing a patient’s liver instead of his spleen during a 2024 surgery. The prosecutor for the First Judicial Circuit on Monday announced the charge of second-degree manslaughter …
POSTED APRIL 16, 2026 5:00 AM |
On Second Thought, Maryland Won’t Expand P/C Claims History Rule
The Maryland Insurance Administration (MIA) has withdrawn a proposal opposed by insurers that would have expanded to commercial lines a provision requiring insurers to disclose if they consider claims history for purposes of canceling or refusing to renew coverage. The …
POSTED APRIL 16, 2026 5:00 AM |
Kingstone Expanding into California on an E&S Basis
Kingstone Companies Inc. is expanding into the California homeowners insurance market on an excess and surplus lines basis, the company announced. Kingstone announced the move and a partnership with ZestyAI to deploy property-level wildfire risk analytics as part of the …
POSTED APRIL 16, 2026 5:00 AM |
Maine Legislature Approves First State Moratorium on Big Data Centers
Maine lawmakers have passed a bill that could make it the first U.S. state to put a moratorium on new data centers as opposition to the electricity-hungry facilities grows across the country over their impact on household energy bills and …
POSTED APRIL 15, 2026 7:53 PM |
Texas Restaurant Ordered to Pay $77K in Back Wages
The U.S. Department of Labor has recovered $77,523 in back wages for 12 workers employed by an Austin, Texas restaurant that failed to pay overtime wages required under federal law. The department’s Wage and Hour Division investigated Grand Buffet Paradise …
POSTED APRIL 15, 2026 4:51 PM |
Britain May Extend Bans on Gagging Orders That Cover Up Workplace Abuse
Britain may widen a planned ban on non-disclosure agreements that silence victims of workplace harassment, discrimination and abuse to include agency workers and the self-employed, as well as permanent staff, the government said on Wednesday. Launching a 12-week consultation, the …
POSTED APRIL 15, 2026 4:11 PM |
Camp Mystic Faces Scrutiny Over Lack of Evacuation Plan in Wake of Fatal Flood
The director of the Texas summer camp where 27 campers and counselors were killed by a devastating flood in 2025 testified Monday he did not see official warnings issued the day before the storm hit, that staff had no meetings …
POSTED APRIL 15, 2026 3:41 PM |
Rainfall Across Northern Michigan Heightens Concerns of Flooding, Dam Overflows
Crews were working Monday to restore power to a closed hydroelectric station in northern Michigan as heavy rain threatens to cause a dam to overflow. More pumps also are being added to the Cheboygan Dam to help push water toward …
POSTED APRIL 15, 2026 3:37 PM |
People Moves: Friedman Joins Alliant Insurance Services’ Employee Benefits Group
Mendy Friedman joined Alliant Insurance Services as first vice president within its employee benefits group. The Chicago, Illinois-based consultant will partner with a diverse portfolio of employers to design and implement data-driven health and welfare strategies. Friedman is an employee …
POSTED APRIL 15, 2026 3:31 PM |
World Insurance Associates Acquires Indiana’s Heuring
World Insurance Associates announced that it acquired the business of Heuring Crop Insurance of Boonville, Indiana on November 1, 2025. Terms of the transaction were not disclosed. Heuring has been providing farmers with comprehensive crop insurance coverage for over 25 …
POSTED APRIL 15, 2026 3:29 PM |
NFP Acquires New Jersey’s Hamilton Group
Global insurance broker NFP reports it has acquired the Hamilton Group, LLC, a multi-disciplinary insurance broker based in Cedar Knolls, New Jersey. Hamilton Group’s Greg Frankel and David Page will join NFP as senior vice presidents reporting to Lauren Kim, …
POSTED APRIL 15, 2026 3:09 PM |
England Has 1.2 Million Buildings at Risk of Flooding With No Defenses
A new study has found that 1.2 million buildings at risk of flooding in England currently aren’t included in any of the country’s flood defenses. The research, provided by mapping service Ordnance Survey and Snowflake, an AI data cloud company, …
POSTED APRIL 15, 2026 3:07 PM |
Weather Prediction Markets Are Booming, but Can They Improve Forecasts?
A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the prediction market Kalshi. He checked the Times …
POSTED APRIL 15, 2026 2:56 PM |
Progressive Q1 2026 Net Income Up 10%
First quarter 2026 net income at Progressive Corp. increased 10% compared to the same period a year ago to nearly $2.8 billion. Progressive reports results monthly. Net income for March was up 36% to about $712 million. The Mayfield Village, …
POSTED APRIL 15, 2026 2:39 PM |