For decades, the 1990 theft of 13 artworks from the Isabella Stewart Gardner Museum — now valued at more than $500 million — has remained unsolved. It remains the largest art theft in history — far surpassing more recent museum thefts, including a daylight heist at the Louvre involving far fewer works that was resolved more quickly. In 2013, the FBI said it knew who was responsible for the Boston museum heist but declined to name them, fueling speculation that persists today. A former FBI agent who led the investigation for more than two decades is now offering the first…
Author: Awais
A year after the Trump Administration attempted to halt funding for some resiliency programs, the Federal Emergency Management Administration announced almost $20 million in flood mitigation grants around the Southeast. The funding for projects in Alabama, Florida, Kentucky, Mississippi and South Carolina is part of more than $250 million that FEMA said it will spend on 100 flood mitigation projects around the country, the agency said in a bulletin. The Southeast projects include properties near the coast as well as inland: $2.3 million to elevate six properties in Santa Rosa County, in the Florida Panhandle. Elevating the most flood-prone structures…
In another win for auto insurers, a federal appeals last week struck down a proposed class-action lawsuit over the methods carriers use to value totaled vehicles. At least five appellate courts in the last few years have said “no” to potentially far-reaching class actions filed over actual cash value, noting that each covered vehicle has a unique value and cannot be lumped into one category and one lawsuit, the U.S. 6th Circuit Court of Appeals said in a case that originated in Memphis, Tennessee. State Farm insured driver Jessica Clippinger attempted to bring the class action on behalf of thousands…
A new report shows 767 supply chain crime events across the U.S. and Canada in the first quarter of the year, down 5.3% from the same period a year ago and down 12.2% the fourth quarter of 2025. However, a Verisk CargoNet report out on Friday shows that despite there being fewer incidents, estimated losses reached about $131.6 million, a figure that is unchanged from the same period in 2025. CargoNet reported reduced activity from domestic criminal organizations, particularly in busy areas like Texas and the Southeast, combined with sustained or growing activity by organized crime groups in California and…
WTW appointed Spike Lipkin as chief AI officer and Gordon Wintrob as head of AI acceleration. These new enterprise appointments will scale Newfront’s AI-native approach and innovative capabilities across WTW. Working in close partnership with WTW’s technology function and businesses, the new leadership roles will aim to enable faster, more consistent AI adoption at scale across WTW globally. Lipkin, co-founder and former CEO of Newfront, will help shape how AI advances WTW’s long-term strategy, competitive positioning and value creation. Lipkin will help inform the enterprise AI ambition and guide how to embed AI in the company’s strategy, operating model and…
Louisiana Citizens Property Insurance Corporation continues to target $150 million of named storm reinsurance from its twelfth catastrophe bond sponsorship, while the price guidance for the Bayou Re Ltd. (Series 2026-1) notes that are being offered has been lowered slightly, Artemis has learned.Returning earlier this month with this Bayou Re 2026-1 catastrophe bond deal, it marked the seventh year in a row that Louisiana Citizens has sought to sponsor a new cat bond. The initial target was to secure $150 million of multi-year named storm reinsurance protection to cover losses in its state of operation. We’re now told that the…
Greg Case says people strategy, not technology, will determine winners
The act also introduces strict confidentiality rules and expands regulatory reach over affiliates
As the 2026 Atlantic hurricane season approaches, the government of Cayman is considering expanding its hurricane protection by turning to the insurance-linked securities (ILS) market to potentially issue its own catastrophe bond, while simultaneously expanding its parametric insurance coverage too, Cayman Compass reports.The Cayman Islands are considered to be highly prone to hurricanes. The islands are very low-lying, which makes them extremely vulnerable to storm surges, where the ocean is pushed inland by high winds. Cayman’s Minister for Finance and Economic Development Rolston Anglin told the Cayman Compass that his ministry has decided to increase the islands’ insurance coverage for…
Senate Bill 2326, chaptered as Public Chapter 731 on April 23, 2026, amends Tennessee Code Annotated, Title 66, Chapter 27. Starting January 1, 2027, any HOA that collects assessments for common expenses must obtain and maintain a blanket fidelity bond. The coverage must protect the association against losses from theft or dishonesty by its officers, directors, persons employed by the HOA, managing agents, or employees of those managing agents.
Joby Aviation Inc. is planning to fly electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. The demonstration flights will be New York’s first point-to-point trips of an electric vertical takeoff and landing vehicle, or eVTOL, according to Joby, which staged a test flight from the downtown heliport in 2023. This week, the aircraft will fly along existing helicopter routes operated by Blade Urban Air Mobility, a division of Joby, and will have pilots but no passengers. The trips are part of…
The Safeco Insurance brand has gone the way of the dodo bird. It’s now all Limu Emu, all the time. Liberty Mutual said on April 27 that it followed through with what it said about a year ago and officially retired the Safeco Insurance brand in the independent agent channel, effective April 25. All personal lines products are now solely marketed and sold as Liberty Mutual. Personal lines Safeco customers can keep their agent relationship, and policies will not change, said Liberty Mutual, which purchased Safeco in 2008. Safeco celebrated its 100-year anniversary in 2023. It offers personal auto, property…
This report, based on a nationally representative survey of office-based OBGYNs practicing in the United States, examines the provision of sexual and reproductive health care provided by OBGYNs before and after the Dobbs decision, comparing the experiences of OBGYNs practicing in states where abortion is fully banned, states with gestational restrictions, and states where abortion remains available under most circumstances.
After Clippinger sued, State Farm triggered the appraisal clause in the insurance policy, which allows either side to seek a binding independent valuation if they cannot agree on the payout. Three appraisers produced three different numbers. State Farm’s appraiser came in at $14,432 – actually below the original payout. Clippinger’s appraiser said $17,756.69. The neutral third appraiser landed at $18,476.13. Clippinger’s appraiser eventually came around to the third appraiser’s figure, and the two issued a written decision valuing the van at $18,476. Under the policy’s terms, that number was binding. State Farm paid Clippinger more than $4,000 on top of what she had…