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As natural disaster losses continue to rise, bridging the so-called protection gap will require strong collaboration between the public and private sectors—not limited to the insurance industry—according to the head of a global organization of insurance supervisors.
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A cockpit voice recording from the ill-fated Air India Flight 171 reveals that the junior co-pilot questioned the senior pilot about switching off the aircraft’s fuel supply, according to sources familiar with the investigation.
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Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has announced the launch of a specialized insurance product designed to support financial institutions engaged in the rapidly growing cryptocurrency sector.
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Continued growth in U.S. reinsurance in 2024 was driven by strategic collaborations between re/insurers and alternative investment managers, increased utilization of offshore platforms, and a fourth consecutive year of record-breaking annuity sales.
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A new Louisiana law now requires insurers to disclose the previous policy’s premium whenever they issue a renewal to a policyholder.
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Nursing homes, already facing difficulties in recruiting staff, are now contending with President Donald Trump’s crackdown on one of their few dependable sources of labor: immigration.
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Mark Zuckerberg is set to take the stand this week as the key witness in a highly unusual $8 billion trial, where the Meta CEO faces allegations of running Facebook as an unlawful enterprise that enabled the unauthorized harvesting of users’ personal data.
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Oscar Rafael Ruiz spent 2023 and 2024 globe-trotting, losing luggage again and again—and claiming close to $300,000 from travel insurers along the way.
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A Maryland couple has been sentenced to 12 and 4 years in prison, respectively, following their convictions for orchestrating a $20 million insurance fraud scheme.
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Descartes Insurance, the Paris-based risk-bearing arm of parametric insurer Descartes, has broadened its services for corporate clients and public institutions by adding credit and political risk insurance (CPRI) to its portfolio.
As natural disaster losses continue to rise, bridging the so-called protection gap will require strong collaboration between the public and private sectors—not limited to the insurance industry—according to the head of a global organization of insurance supervisors.
