Data Centers Offer a Potential $10 Billion Windfall for Insurers
Soaring demand for insurance coverage related to data center construction is creating a “meaningful growth opportunity” for the industry, outstripping some traditional insurance markets, according to S&P Global Ratings. The market for such coverage could reach $10 billion in premiums …
POSTED APRIL 14, 2026 8:24 AM |
Austria Races to Secure Power Supplies as ‘Peak Water’ Looms
Austria’s economic model has long been anchored in Alpine water flowing through turbines to generate power for homes and businesses, but as climate change redraws the country’s hydrological map, it faces a structural shift and geopolitical tensions have heightened the …
POSTED APRIL 14, 2026 5:05 AM |
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage
Florida regulators have extended their supervision of American Mobile Insurance Exchange for another 120 days—for the sixth time in two years—suggesting that a runoff of the once-dominant carrier’s policies may be taking longer than expected in a still-stressed Florida mobile …
POSTED APRIL 14, 2026 5:01 AM |
Report: California Has Largest Flood Coverage Gap in US
California has one of the largest flood insurance coverage gaps in the country, a new report shows. Neptune Flood released a new report showing residential flood insurance penetration across the state is 1.4%, despite 2.3 million properties facing flood risk …
POSTED APRIL 14, 2026 5:00 AM |
Federal Aid Available for Washington Residents Impacted by Floods
Federal disaster assistance has been made available for Washington residents impacted by the December 2025 floods. The Federal Emergency Management Agency made aid is available to people in the counties of Chelan, Grays Harbor, King, Lewis, Pacific, Pierce, Skagit, Snohomish, …
POSTED APRIL 14, 2026 5:00 AM |
Pennsylvania Approves 1.2% Workers’ Compensation Costs Reduction
Pennsylvania regulators have approved a decrease of 1.22% in loss costs for workers’ compensation insurance effective April 1. New or renewed policies issued on or after that date will reflect the updated loss costs. Because loss costs are factored into …
POSTED APRIL 14, 2026 5:00 AM |
Connecticut Senate Confirms Hershman as Insurance Commissioner
The Connecticut Senate has confirmed Josh Hershman as the state’s 34th insurance commissioner. Hershman has served as commissioner in an interim capacity since December 2025, replacing Andrew N. Mais who retired from state service last year after nearly seven years …
POSTED APRIL 14, 2026 5:00 AM |
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist
In a case involving a rental car hit by an uninsured motorist, the Connecticut Supreme Court has ruled that the auto insurance policy of the driver that extended bodily injury coverage to the rental car must also provide uninsured motorist …
POSTED APRIL 14, 2026 5:00 AM |
Prosecutor Identifies Victim in Fatal Shooting at New Jersey Chick-Fil-A
Officials in Union Township, New Jersey released the identity of the individual killed during Saturday night’s shooting at Chick-Fil-A on Route 22. The deceased has been identified as Malek Shepherd, age 23, of New York City, according to the Union …
POSTED APRIL 13, 2026 11:42 PM |
People Moves: Everest’s Izzo Joins AXIS as CCO; Liberty Mutual Elects Canney to Board of Directors
Everest’s Izzo Joins AXIS as Chief Commercial Officer AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Anthony Izzo as chief commercial officer. Izzo will report directly to Vince Tizzio, President and CEO of AXIS, and will work out of …
POSTED APRIL 13, 2026 6:46 PM |
Jury Orders Abbott to Pay $70M in Preterm Infant Formula Trial
A jury in Chicago said Abbott Laboratories must pay $70 million in damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, …
POSTED APRIL 13, 2026 4:05 PM |
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’
Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand’s apparel. “Emerging research …
POSTED APRIL 13, 2026 4:02 PM |
Bamboo Insurance Launches Condo Owner Offering for Californians
Bamboo Insurance launched a new condominium unit‑owners (HO‑6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between individual unit policies and homeowners association …
POSTED APRIL 13, 2026 3:34 PM |
IBM Agrees to Pay Government $17 Million in DEI Settlement
In the first outcome of the U.S. Department of Justice’s Civil Rights Fraud Initiative, IMB has agreed to about $17 million to settle charges related to the company’s diversity, equity, and inclusion (DEI) practices. “Racial discrimination is illegal, and government …
POSTED APRIL 13, 2026 3:33 PM |
Markets/Coverages: DUAL UK Enhances Cyber Binder With Increased Limits
DUAL has significantly strengthened the scope of its global cyber and technology capabilities, offering increased primary limits for risks with revenues up to £1 billion and enhanced excess limits for risks up to £5 billion. Backed by a number of …
POSTED APRIL 13, 2026 3:32 PM |
China’s Ping An Seeks to Sell $1 Billion Software-Focused PE Assets
China’s biggest insurer Ping An Insurance Group is seeking to reduce software-focused private equity exposure by selling its stakes in some funds, according to people familiar with the matter. The insurer has tapped Campbell Lutyens to offload stakes worth about …
POSTED APRIL 13, 2026 2:53 PM |
Wall Street Banks Try Out Anthropic’s Mythos
Wall Street banks are starting to test Anthropic PBC’s Mythos model internally as Trump administration officials encourage them to use it to detect vulnerabilities. While JPMorgan Chase & Co. was the only bank named as part of an initiative to …
POSTED APRIL 13, 2026 1:52 PM |
An Omaha Sinkhole Went Viral but Hundreds of Others Fall Under the Radar
As Harmon Maher walked along the Keystone Trail in central Omaha one morning in February, he spotted something odd: The creek next to the path, normally a gray-green color, ran bright orange. It was full of sediment, probably from some …
POSTED APRIL 13, 2026 1:47 PM |
Oklahoma State Softball Team Bus Involved in Fatal Crash
Oklahoma State’s softball team took some time to process a fatal crash involving its team bus earlier this week and will be back on the field Friday. The team had been traveling to Wichita, Kansas, on Wednesday afternoon when its …
POSTED APRIL 13, 2026 1:29 PM |
Lodestar Launches as Independent TPA Brand Within Old Republic
Old Republic International Corporation announced the launch of Lodestar Claims & Risk Services, Inc. as an independent brand and standalone operating company within Old Republic, marking the first time in more than 30 years that the organization’s third-party administrator (TPA) …
POSTED APRIL 13, 2026 1:25 PM |
1 Killed, 6 Injured in Shooting at Chick-Fil-A in New Jersey
A shooting at a Chick-Fil-A restaurant in Union Township, New Jersey last evening took one life and injured six others. According to the Union County Prosecutor’s Office (UCPO), the shooting happened at approximately 9 pm on the Chick-Fil-A on Route …
POSTED APRIL 13, 2026 12:20 PM |
Miami’s Mandarin Demolished to Make Way for Luxury Towers
In a young city like Miami, a quarter century can seem like a long time. For the Mandarin Oriental hotel, it was long enough to generate nostalgic laments and a farewell bash. The waterfront hotel, which opened in 2000, was …
POSTED APRIL 13, 2026 12:15 PM |
Iran Threatens to Retaliate Against Gulf Ports for US Blockade
The U.S. military said it will begin a blockade of ships leaving Iran’s ports on Monday, and Tehran threatened to retaliate against ports of its Gulf neighbors, after weekend talks failed to reach a deal to end the war, leaving …
POSTED APRIL 13, 2026 11:49 AM |
Bank of England Set to Discuss Anthropic’s Mythos With Banks
The Bank of England plans to discuss the impact of Anthropic PBC’s new AI model with financial institutions, as UK regulators join their peers in the US and elsewhere in raising alarms over the risks posed by the tool. Anthropic’s …
POSTED APRIL 13, 2026 9:57 AM |
Oil Tankers Steer Clear of Hormuz Ahead of US Blockade
Two Iranian-linked tankers exited the Gulf on Monday as other vessels began avoiding the Strait of Hormuz after the U.S. said it would start blockading Iranian ports later in the day, unsettling shipping markets at a vital energy chokepoint, shipping …
POSTED APRIL 13, 2026 9:14 AM |