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Bamboo Insurance Launches Condo Owner Offering for Californians

Insurance Journal

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 i...

Posted: Apr 13, 2026

IBM Agrees to Pay Government $17 Million in DEI Settlement

Insurance Journal

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 discrim...

Posted: Apr 13, 2026

Markets/Coverages: DUAL UK Enhances Cyber Binder With Increased Limits

Insurance Journal

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 &#8...

Posted: Apr 13, 2026

Howden launches US Trucking Practice

Reinsurance News

Global insurance broker Howden has announced the expansion of its Specialty Transportation & Logistics vertical with the launch of its US Trucking Practice. The new practice has been designed to offer coordinated support for trucking and other...

Posted: Apr 13, 2026

Trump Blockade of Iran Ports Risks Widening War to High Seas

Carrier Management

Trump Blockade of Iran Ports Risks Widening War to Hi...

Posted: Apr 13, 2026

Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model

Carrier Management

Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model Alternative investment managers are pouring unp...

Posted: Apr 13, 2026

China’s Ping An Seeks to Sell $1 Billion Software-Focused PE Assets

Insurance Journal

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...

Posted: Apr 13, 2026

AM Best finds declining credit quality and shifting dynamics in US annuity market

Reinsurance News

A new report from AM Best, the credit rating agency, highlights notable changes in the US life and annuity sector. According to AM Best, assets backing individual annuity products now represent more than 36% of total industry reserves, up from 32%...

Posted: Apr 13, 2026

Wall Street Banks Try Out Anthropic’s Mythos

Insurance Journal

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...

Posted: Apr 13, 2026

An Omaha Sinkhole Went Viral. Hundreds of Others Fall Under the Radar.

Insurance Journal

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: Apr 13, 2026

An Omaha Sinkhole Went Viral but Hundreds of Others Fall Under the Radar

Insurance Journal

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: Apr 13, 2026

Oklahoma State Softball Team Bus Involved in Fatal Crash

Insurance Journal

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: Apr 13, 2026

Lodestar Launches as Independent TPA Brand Within Old Republic

Insurance Journal

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&...

Posted: Apr 13, 2026

Novacore launches reinsurance sidecar backed by New Mountain Capital

Reinsurance News

Novacore, an independent, specialty insurance managing general agent (MGA), has launched NovaRe, a new collateralised reinsurance sidecar backed by New York-based alternative investment firm, New Mountain Capital, LLC, through the establishment of...

Posted: Apr 13, 2026

Reliance Global launches updated insurtech platform, RELI Exchange 2.0

Reinsurance News

Reliance Global Group, Inc., an insurtech provider of artificial intelligence (AI) and cloud-based technologies for insurers and brokers, has launched RELI Exchange 2.0, a platform designed to expand recruiting capacity, improve execution, and pos...

Posted: Apr 13, 2026

1 Killed, 6 Injured in Shooting at Chick-Fil-A in New Jersey

Insurance Journal

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...

Posted: Apr 13, 2026

How Can We Insure Against Political Volatility?

Risk & Insurance

Companies face a growing array of unexpected risks triggered by volatile geopolitics — including war and its attendant supply chain shocks, tariffs, and cyberterrorism. The post

Posted: Apr 13, 2026

Miami’s Mandarin Demolished to Make Way for Luxury Towers

Insurance Journal

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: Apr 13, 2026

Asia-Pacific insurers face limited direct Middle East exposure: S&P

Reinsurance News

A report by S&P Global Ratings has suggested Asia-Pacific insurers have limited direct exposure to the Middle East, with risks remaining manageable under its base-case scenario but likely to escalate if oil market disruptions persist for an ex...

Posted: Apr 13, 2026

Iran Threatens to Retaliate Against Gulf Ports for US Blockade

Insurance Journal

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: Apr 13, 2026

DXC Technology introduces Assure Smart Apps to accelerate insurers’ digital transformation

Reinsurance News

DXC Technology, a global technology services provider, has introduced new Assure Smart Apps built on ServiceNow, designed to help insurers accelerate AI-powered transformation. Launched at the DXC Connect Insurance Executive Forum in March 2026, t...

Posted: Apr 13, 2026

Repeat of Great New England Hurricane would produce $20bn+ insured loss in New York: KCC

Reinsurance News

A recurrence of the 1938 Great New England Hurricane would produce more than $20 billion in insured losses in New York alone with today’s property values and rebuilding costs, according to a recent paper by Karen Clark & Company (KCC), a catas...

Posted: Apr 13, 2026

Longevity risk climbs the agenda for UK pension schemes as endgame strategies evolve: Aon

Reinsurance News

Aon plc, the professional services firm specialising in risk, retirement and health solutions, reports that longevity risk is becoming an increasingly important focus for UK defined benefit (DB) pension schemes as they reassess their long-term obj...

Posted: Apr 13, 2026

The Marie Pattern: Why Your Safest Employees Are Suddenly Getting Hurt

Risk & Insurance

Invisible chronic conditions often cause workplace injuries, requiring proactive data-driven support systems. The post The Marie...

Posted: Apr 13, 2026

Fiona Marry named as Bridgehaven’s new European CEO

Reinsurance News

Bridgehaven Europe Specialty DAC (Bridgehaven), a European insurer focused on commercial and specialty risks, has announced the appointment of Fiona Marry as European CEO. Operating out of Bridgehaven’s Dublin office, Marry will be heading the com...

Posted: Apr 13, 2026

Bank of England Set to Discuss Anthropic’s Mythos With Banks

Insurance Journal

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: Apr 13, 2026

Oil Tankers Steer Clear of Hormuz Ahead of US Blockade

Insurance Journal

Oil tankers are steering clear of the Strait of Hormuz ahead of a U.S. blockade later on Monday following failed peace talks between the U.S. and Iran over the weekend, shipping data showed. President Donald Trump said on Sunday the …

Posted: Apr 13, 2026

Update: Oil Tankers Steer Clear of Hormuz Ahead of US Blockade

Insurance Journal

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: Apr 13, 2026

From Inbox to Quote — Automating the P&C Submission Journey

Insurance Journal

In Property & Casualty (P&C) insurance, the submission-to-quote cycle is where business is won, or lost. Yet for many carriers, MGAs, and wholesalers, this process is slowed down by inbox clutter and manual re-entry of data. Every submission...

Posted: Apr 13, 2026

MJ Sung joins Gallagher Re’s Korea team as Divisional Director

Reinsurance News

Global reinsurance broker Gallagher Re has appointed MJ Sung as Divisional Director of its Korea team. “MJ brings 18 years of extensive experience across the insurance and reinsurance industry. His broad industry background will support the...

Posted: Apr 13, 2026

Trump Blockade of Iran Ports Risks Widening War to High Seas

Insurance Journal

US President Donald Trump’s threat to blockade the Strait of Hormuz after talks with Iran collapsed over the weekend risks widening a war now entering its seventh week, lifting oil prices and raising the prospect of further economic pain around...

Posted: Apr 13, 2026

PERILS raises industry loss estimate for Victoria Bushfires to AU$810m

Reinsurance News

PERILS, the Zurich-based catastrophe insurance data provider, has lifted its second insurance industry loss estimate for the Victoria Bushfires, which took place from January 7th to 13th, 2026, to AU$810 million. These fires destroyed 900 building...

Posted: Apr 13, 2026

Pool Re launches new SME incentive scheme to increase terrorism cover uptake

Reinsurance News

Pool Re, Britain’s largest terrorism reinsurer, has launched a new incentive scheme for its Members, effective 1 April, offering discounts on reinsurance costs when they reintegrate terrorism cover as standard across SME property policies. “...

Posted: Apr 13, 2026