All Posts

AI ‘Man Camps’ Offer Golf, Free Steaks to Lure Workers in Texas

Insurance Journal

Companies competing for workers to build data centers are finding that a motel room with sluggish Wi-Fi isn’t much of a draw. Try free steaks and golf simulators. As data-center development has exploded with the rise of artificial intelligence,...

Posted: Mar 06, 2026

NHTSA to Hold Self-Driving Safety Forum With CEOs of Waymo, Zoox, Aurora

Insurance Journal

The National Highway Traffic Safety Administration will hold a national autonomous vehicle safety forum that will include the CEOs of self-driving companies Waymo, Zoox and Aurora on Tuesday. The Trump administration is looking for ways to speed depl...

Posted: Mar 06, 2026

After Florida Charged People With Selling Insurance Licenses, 12 More Arrested

Insurance Journal

Two years ago, Rainier Miguel Salas and two licensed Florida insurance agents were charged with selling insurance agent licenses—all part of an illicit licensing school in Miami. This week, 12 others in the Miami area were charged with participating...

Posted: Mar 06, 2026

Markets/Coverages: Floodbase Expands Parametric Platform

Insurance Journal

Parametric platform Floodbase said it has unveiled its Floodbase Quote API to enable insurers and MGAs to reduce manual quoting cycles into workflows that dramatically accelerate distribution and offer new portfolio flood solutions for the historical...

Posted: Mar 06, 2026

SageSure and Auros complete $175m US multi-peril cat bond issuance

Reinsurance News

SageSure, a US residential property managing general underwriter operating in catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned property insurer, have confirmed the completion of the $175 million Gateway Re...

Posted: Mar 06, 2026

World’s Farmers See Fertilizer Price Surge as Iran War Blocks Exports

Insurance Journal

The world’s farmers face soaring fertilizer and fuel prices as the war in the Middle East escalates, leaving some scrambling for supplies as the spring planting season approaches. The war, which has closed the Strait of Hormuz, has shut down &#...

Posted: Mar 06, 2026

New MGA Elitium enters market with focus on manufacturing businesses & unoccupied properties

Reinsurance News

New managing general agent Elitium, incubated by Mission, has launched to provide commercial combined insurance for select trades within the manufacturing sector, and property cover for well-maintained unoccupied residential and commercial propert...

Posted: Mar 06, 2026

People: Alliant Names McMinn VP in Benefits Group

Insurance Journal

Alliant Insurance Services named Will McMinn, formerly an employee benefits consultant with USI Insurance, as vice president in Alliant’s employee benefits group. McMinn, with 20 years of experience in the space, will be based in Charlotte, Nor...

Posted: Mar 06, 2026

Legal Fight Over SpaceX Beach Closures Hits Texas Supreme Court

Insurance Journal

The Texas Supreme Court pondered how far the state can go in limiting access to a public beach during oral arguments Thursday in a case involving the closure of Boca Chica Beach for SpaceX’s rocket launches. Rio Grande Valley environmentalist &...

Posted: Mar 06, 2026

Florida Tank Company Contesting OSHA Fines After Fatal Incident

Insurance Journal

The U.S. Occupational Safety and Health Administration recently cited a Land O’Lakes, Florida, firm for exposing workers to chemical and respiratory hazards after a fatal incident last summer. PCE Petroleum Contractors Enterprises, a petroleum...

Posted: Mar 06, 2026

BHSI names Rory O’Broin Global Head of Transactional Liability

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty and specialty insurance and part of Berkshire Hathaway, has appointed Rory O’Broin as Global Head of Transactional Liability. In this position, O’Broi...

Posted: Mar 06, 2026

Carriers See Higher Claims Severity Amid Medical, Social Inflation and Growth in AI‑Generated Fraud

Carrier Management

Carriers See Higher Claims Severity Amid Medical, Social Inflation...

Posted: Mar 06, 2026

‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War

Carrier Management

‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War The Iran conflict has thrust cont...

Posted: Mar 06, 2026

SCOR promotes Sofia Kyriakopoulou to Group Chief Technology, Data & AI Officer

Reinsurance News

Global reinsurer SCOR has promoted Sofia Kyriakopoulou to the role of Group Chief Technology, Data & Artificial Intelligence (AI) Officer, effective March 1st, 2026. In the new role, she will develop an integrated tech, data & AI strategy...

Posted: Mar 06, 2026

Maritime Insurance Premiums Surge as Iran Conflict Widens

Insurance Journal

As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging — in some cases by more than 1000% — dramatically driving up the cost of moving energy through a critical maritime corridor. The conflagration sp...

Posted: Mar 06, 2026

Reinsurers Triple Ship Insurance Costs After US Torpedo Attack

Insurance Journal

London-based reinsurers of ships are canceling their coverage of war risk and demanding 200% more to reinstate policies, according to people familiar with the matter, after a US submarine sank an Iranian warship off Sri Lanka, amplifying risk percept...

Posted: Mar 06, 2026

New Mexico Jurors Heard From Zuckerberg in Meta Child Safety Trial

Insurance Journal

Jurors in a bellwether trial about the impacts of social media on children watched a deposition of Meta CEO Mark Zuckerberg on Wednesday that explored what the architects of Facebook and Instagram knew from internal research about the negative experi...

Posted: Mar 06, 2026

Coalition report finds sharp rise in ransomware demands as most businesses refuse to pay

Reinsurance News

Coalition, a cyber insurance and security company, has published the findings of its 2026 Cyber Claims Report, showing that initial ransomware demands in 2025 increased significantly, rising 47% year-on-year. Despite the sharp rise in demands from...

Posted: Mar 06, 2026

Wyoming Project Gets First Construction Permit for Nuclear Reactor in Years

Insurance Journal

The U.S. Nuclear Regulatory Commission on Wednesday approved its first construction permit for a commercial nuclear reactor in eight years, one that will allow a Bill Gates-backed company to build a sodium-cooled reactor in western Wyoming. TerraPowe...

Posted: Mar 06, 2026

Justin Sun Settles SEC Fraud Case for $10 Million

Insurance Journal

The Chinese cryptocurrency entrepreneur Justin Sun reached a $10 million settlement to resolve a U.S. Securities and Exchange Commission civil fraud case over his trading activity. Thursday’s settlement requires court approval, with the payment...

Posted: Mar 06, 2026

Howden adds Almond as CEO & Doria as Chair of its Global Financial Sponsors practice

Reinsurance News

Global insurance and reinsurance broker Howden has appointed Emily Almond as divisional Chief Executive Officer (CEO) and Sebastiano Doria as Chair of its Global Financial Sponsors practice. This team will sit alongside Howden’s existing glo...

Posted: Mar 06, 2026

Ohio Bill Would Establish Online Auto Insurance Verification

Insurance Journal

Ohio lawmakers are considering legislation that would establish an online auto verification system intended to hold uninsured drivers accountable. House Representatives Cindy Abrams (R-Harrison) and Jack Daniels (R-New Franklin) are the lead sponsors...

Posted: Mar 06, 2026

Disciplined underwriting drives strong 2025 results for Oman Re

Reinsurance News

Oman Re, the Sultanate’s first and only reinsurer, has reported reinsurance revenue of OMR 54.3 million ($141.2 million) for the full year 2025, marking a 9% increase from OMR 49.9 million ($129.8 million) in 2024, while net profit after tax climb...

Posted: Mar 06, 2026

Liberty Mutual ‘Shifting from Fixing to Building’ in 2026, CEO Says

Carrier Management

Liberty Mutual ‘Shifting from Fixing to Building’ in 2026, CEO Says Liberty Mutual's underwriting results acros...

Posted: Mar 06, 2026

Michigan Pharmacist Pleads Guilty in $3M Health Care Fraud Scheme

Insurance Journal

A Michigan pharmacist and business owner who engaged in a five-year pharmacy shortage fraud scheme at two separate pharmacies pleaded guilty on February 24, announced United States Attorney Jerome F. Gorgon, Jr.. Mohammad Hamdan, age 44, from Dearbor...

Posted: Mar 06, 2026

High-Tech Snowplows and AI Help Cities Recover From Storms, Cut Insurance Claims

Insurance Journal

Residents of Syracuse, New York — America’s snowiest city — once barraged a service hotline with street neglect complaints during blizzards, even if plows had passed two hours earlier but the work was hidden by fresh snow. Now public trust &#82...

Posted: Mar 06, 2026

Athora raises €3.5bn to fund approved Pension Insurance Corporation acquisition

Reinsurance News

Athora, a European savings and retirement services group, has secured €3.5 billion of common equity commitments from a broad base of investors, with the majority of the proceeds expected to fund the acquisition of Pension Insurance Corporation Gro...

Posted: Mar 06, 2026

Amazon Says it Fixed Issue That Led to Website Outage for Thousands

Insurance Journal

Amazon said March 5 it has resolved an issue related to its software code that had caused an hours-long outage on its website for thousands of shoppers. The disruption, which began around 2:00 p.m. ET, gradually eased to less than …

Posted: Mar 06, 2026

Commercial insurers best positioned to benefit from AI in P&C sector: Goldman Sachs

Reinsurance News

Goldman Sachs, an investment bank and financial services company, has published an analysis exploring how artificial intelligence could influence the property and casualty (P&C) insurance sector. In the report, Goldman Sachs says it has develo...

Posted: Mar 06, 2026

GL, Workers’ Comp Only Commercial Lines With Monthly Renewal Rate Increase: Ivans

Insurance Journal

Month over month, premium renewal rates declined across all commercial lines of business except general liability and workers’ compensation, Ivans announced Thursday. The finding came from the technology provider’s February 2026 Ivans Ind...

Posted: Mar 06, 2026

Liberty Mutual places $2.75bn property cat occurrence tower, raises aggregate attachment

Reinsurance News

Global insurer Liberty Mutual Group renewed its property catastrophe reinsurance programme at the January 1st, 2026, renewals, securing $2.75 billion of occurrence limit excess a $1 billion retention, alongside $500 million of tail aggregate cover...

Posted: Mar 06, 2026

People Moves: Green Tree Risk Names Page; TDC Specialty Appoints Spina

Insurance Journal

Green Tree Risk Partners Names Page Director Green Tree Risk Partners, headquartered in Philadelphia, Pennsylvania, named Laura Page as director of Green Tree Risk Partners. Page has 20 years of insurance and leadership experience, previously serving...

Posted: Mar 06, 2026

Richmond National Expands Glen Allen Office

Insurance Journal

Virginia-based specialty insurer Richmond National Group plans to invest $1.75 million to expand operations at the firm’s Glen Allen office. The company said it expects to be hiring as many as 75 new employees for the office. “Five years...

Posted: Mar 06, 2026

Gulf shipping tensions prompt war risk reassessment by marine insurers: IUMI

Reinsurance News

War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available, although insurers are reassessing their appetite for exposure as tensions in the Middle East disrupt shipping routes and threaten supply chains, according to...

Posted: Mar 06, 2026

Huntington Advisory strengthens German presence with Alexander Ankel hire

Reinsurance News

Huntington Advisory, a global strategic advisory practice focused on financial institutions, has announced the appointment of Alexander Ankel as Senior Advisor, based in Düsseldorf. The appointment accelerates the firm’s European expansion strateg...

Posted: Mar 06, 2026