insurance

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.

The cost of insuring commercial vessels transiting near Yemen has surged following deadly attacks by Houthi militants, who sank two ships and killed crew members this week—sharply highlighting the renewed risks facing this critical maritime corridor.

Insurance broker Aon plc has unveiled its Data Center Lifecycle Insurance Program (DCLP), a unique multi-line insurance solution crafted to assist clients in effectively managing risks throughout all phases of data center development and operations.

While natural disasters vary by season and region across the U.S., many property owners are still caught off guard by just how widespread—and costly—flood and water damage can be when a powerful storm strikes their homes, businesses, and communities.

The consistent increase in false advertising claims targeting consumer-facing companies has revealed a significant gap in insurance coverage.

Inshur announced it has secured a $35 million investment from alternative asset manager Trinity Capital, which will be used to advance AI-driven research and development supporting its embedded auto insurance solutions for the autonomous vehicle market.

Erie Insurance announces the full restoration of business operations following a month-long network outage.

Recent legislative reforms reshaping Florida’s risk environment have restored reinsurer confidence and drawn them back into the state’s market, according to mid-year renewal reports from brokers Aon and Gallagher Re.

Marsh USA has filed a lawsuit against competitor Alliant Insurance Services, accusing the firm of unlawfully poaching critical commercial surety staff and clients.

New York City Mayor Eric Adams has enacted a new law that reduces the mandatory auto liability insurance coverage for for-hire vehicles.