Insurance
Insurance products and industry updates
Arbol Introduces Coverage for Data Center Construction Moratoriums
Arbol’s new policy covers qualifying construction halts, as local opposition delays data center projects worth billions across the US.
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Oaktree Ends Atlantic Coast Life Takeover Plan as A-Cap Talks Continue
Oaktree has dropped its planned control deal for Atlantic Coast Life as regulators scrutinize A-Cap’s 777 Partners exposure and insurer finances.
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HSBC CEO Sees Gulf Pipeline Investment Reducing Hormuz Dependence
HSBC’s Georges Elhedery says new Gulf energy routes could reduce reliance on Hormuz within five years, amid a sharp regional growth downgrade.
Read full story →Virginia Workers’ Compensation Commission Adds Two Deputy Commissioners
Adam Katz and Jason Mullins will serve as administrative law judges, bringing experience representing both sides of workers’ compensation claims.
Read full story →Texas Department of Insurance Launches Tool to Clarify Auto Insurance Declinations
The Texas Department of Insurance's new tool reveals reasons behind auto insurance policy declines, aiming for greater transparency for drivers.
Read full story →Ohio Attorney General Targets Home Improvement Firms for Consumer Fraud
Ohio's AG has filed lawsuits against two home improvement companies for misappropriating consumer payments and failing to deliver promised services.
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Taiwan Invests $4 Billion in Texas AI Facilities, Bolstering Supply Chains for Nvidia
Taiwan is set to invest $4 billion in Texas to enhance AI supply chains, aiding Nvidia and other tech firms by establishing critical manufacturing hubs.
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France's Supermarkets Face Ongoing Cyberattacks Disrupting Food Supply Chains
Cyberattacks on French supermarkets have caused significant food safety risks and financial losses, highlighting vulnerabilities in supply chains and cybersecurity.
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Travelers Insurance Achieves Strong Q3 Underwriting Performance and Record Investment Income
Travelers Insurance reported solid underwriting results and record investment income for Q3, despite an increase in catastrophe losses.
Read full story →West Virginia Fire Commission Reveals Urgent Need for Enhanced Firefighter Staffing
The West Virginia Fire Commission's new plan highlights critical firefighter staffing shortages, stressing the need for increased resources and support.
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Florida Court Upholds Law Regulating Social Media Use Among Minors
Florida has secured a court ruling enabling a ban on social media accounts for children under 14, amidst ongoing legal challenges from industry groups.
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Axa Faces Uncertainty Over Key Italian Partnership Amid Bank Consolidation
Axa anticipates losing its partnership with Banca Monte dei Paschi as Italian banking consolidation increases, potentially impacting its financial outlook.
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IMF Chief Warns of AI's Potential Risks, Calls for Ethical Regulations
IMF Managing Director Kristalina Georgieva emphasizes the need for ethical frameworks and safeguards to mitigate AI's risks during recent discussions.
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CreditRefresh Enhances Borrower Preparation by Addressing Credit Report Errors
CreditRefresh empowers borrowers by enabling proactive credit report analysis, helping correct errors before loans are finalized.
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Immigrant Entrepreneurs: A Driving Force Behind U.S. Economic Growth
Immigrant entrepreneurs are crucial to America's economy, founding businesses at double the rate of U.S.-born individuals and generating significant job growth.
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Liberty Mutual Expands Presence in Brazil with Acquisition of Austral Seguradora
Liberty Mutual is set to acquire Austral Seguradora, enhancing its position among top surety providers in Brazil.
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Illinois' New Cover Crop Insurance Program Aims to Boost Sustainability in Agriculture
Illinois launches a cover crop insurance savings program for 2027, promoting environmental stewardship while lowering costs for farmers.
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Surge in Shipping and Insurance Costs Threatens Global Energy Market Efficiency
OPEC and non-OPEC ministers highlight soaring shipping and insurance costs as hurdles for the global energy market, impacting inflation and growth.
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Kroger to Reduce Corporate Workforce by 3,000 Amid Competitive Pressures
Kroger plans to cut 3,000 corporate jobs, approximately 37% of its workforce, as new CEO Greg Foran seeks to streamline operations and reduce costs.
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Rising Business Interruption Claims Approach $1 Million: Key Factors Impacting Insurance Costs
Business interruption claims are nearing $1 million, driven by natural disasters, inflation, and supply chain issues, highlighting rising complexity and costs.
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