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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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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.
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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.
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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.
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.
