Etude Launches E&S Carrier with $100M Surplus
Etude launched Etude Specialty Insurance Company, a technology-driven excess and surplus lines carrier for commercial property and casualty. Etude Specialty is domiciled in Nebraska, has more than $10
Insurance News
Shinhan Financial agrees US$516m deal for controlling stake in Lotte Insurance
Shinhan Financial Group is set to acquire Korean non-life carrier Lotte Insurance for KRW693.3 billion (US$516 million), according to local media reports. Shinhan announced on Tuesday that it signed a
Travelers sues rival insurer over nine years of defense costs
A 2017 ladder fall is still generating defense bills. One insurer has had enough
FAA Tells US Airlines to Exercise Caution in Saudi Arabia Flights, Citing Safety Risks
The Federal Aviation Administration told US airlines to exercise caution when flying to or over Saudi Arabia, citing safety threats tied to ongoing military activities and navigation system interferen
Friend of Suspected FBI Data Thief: ‘Crazy’ Teen Warned Not to Hack Bureau
A friend of the suspected thief of a massive cache of personal data from the FBI says he begged the teenager not to do it. Adem El Adeb, 19, told Reuters that he tried to convince Saif al-Din Khader l
Iran Escalates Attacks on Ships, Threatening Oil Export Recovery
Iranian attacks on ships crossing the Strait of Hormuz have surged, potentially threatening the recent recovery in Persian Gulf oil exports. People working in the shipping industry said there were sig
Hackers Heat French Supermarket Fridges, Sparking Fires and Spoiling Food
Hackers raised the temperature of refrigerators and freezers at hundreds of French supermarkets to as high as 50 degrees Celsius (122 degrees Fahrenheit) overnight, causing fires and spoiling food. Th
Are financial advisors moving in on your benefits business?
State mandates and 401 complexity are redefining the group benefits broker's role
Cyber’s soft market is masking a coverage squeeze
Lower premiums and abundant capacity may be obscuring exclusions and sublimits for businesses dependent on third-party technology
Great American sues Sentinel: three demands, three refusals, one pedicure
One pedicure, two carriers, three refusals. Someone had to blink first
Rider Dies, Others Hurt on Six Flags Roller Coaster in Georgia
A rider has died and several others injured after an accident involving a roller coaster at the Six Flags Over Georgia park, the Associated Press reported, citing the police in Cobb County. Videos pos
Florida-only carriers bear the brunt as reinsurance renewals hold
Moody’s says large nationals are well-positioned to absorb Isaias losses as January pricing softening continues
Aon, EBRD expand Ukraine war-risk facility to US$168m as MS Amlin adds capacity
Aon and the European Bank for Reconstruction and Development (EBRD) have expanded the Ukraine Recovery and Reconstruction Guarantee Facility (URGF) to US$168 million from US$123 million, according to
Japan tightens asset-intensive reinsurance rules to curb counterparty risk: Fitch
Global regulators, including in Japan, are tightening rules for asset-intensive reinsurance (AIR) to better manage counterparty and recapture risk, according to a Fitch report. Japan's Financial Servi
Bank of America hammered by huge $1.2 billion AML penalty
Massive fine raises questions for D&O and financial institutions underwriters
Contractor Faces $255K Fine for 20-Year-Old Worker’s Death in Trench Collapse
The federal Occupational Safety and Health Administration (OSHA) has cited a Pennsylvania excavation contractor for safety violations after a 20-year-old Maryland worker was killed in a trench collaps
UnitedHealth lifts profit forecast as fully insured employer membership falls
Q3 earnings show a medical cost ratio improvement driven by plan design changes, not reduced utilization
$4.75M compounding judgment falls through every coverage safety net
A dosing error, a denied claim, and an exclusion nobody bothered to read
AI’s Water Strain Includes Surging Demand From Electricity Use
Data center developers have started touting new technologies that slash the amount of water needed to cool hot-running servers in drought-stressed places like Arizona. Those efforts, though, are not a
Employers face sharpest health cost rise in 24 years, and few can explain why
A Marsh survey projects an 8.2% increase in employer health benefit costs for 2027, as claims data gaps leave many unable to act
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