The fraud protection measures at some of America’s largest carriers are about to face very public scrutiny
Author: Awais
With growing capacity demands within AI and other cloud computing services leading towards a surge in data centers, this rapid expansion also presents a clear role for insurance-linked securities (ILS) and the capital markets, according to broker Aon.In its recent reinsurance renewals report, Aon outlined that the rapid expansion of data centers represents a growing, capital-intensive segment where structural changes, including lender requirements, create a meaningful, sustainable growth opportunity for re/insurers. “The pace and scale of capital investment in data centers, coupled with accelerating third‑party financing and debt structures, is set to dramatically increase demand for insurance: Between 2026 and…
Palomar Holdings Inc., the second-largest earthquake insurer in California, reported net income of $56.2 million, or $2.06 per diluted share, for the fourth quarter of 2025 compared to $35.0 million, or $1.29 per diluted share, in the year-earlier period – a 60.6% increase.
The Host Julie Rovner KFF Health News @jrovner @julierovner.bsky.social Read Julie’s stories. Julie Rovner is chief Washington correspondent and host of KFF Health News’ weekly health policy news podcast, “What the Health?” A noted expert on health policy issues, Julie is the author of the critically praised reference book “Health Care Politics and Policy A to Z,” now in its third edition. The Food and Drug Administration is back in the headlines, with a political appointee overruling agency scientists to reject an application from the drugmaker Moderna for a new flu vaccine, and FDA Commissioner Marty Makary continuing to take…
The Trump administration’s decision to overturn an Obama-era legal analysis underpinning greenhouse gas rules will sow confusion and add costs for businesses and investors alike, shareholder advocates and portfolio managers say. U.S. President Donald Trump, who has called climate change a “hoax,” plans on Thursday to formally rescind the 2009 scientific findings that tied carbon dioxide to health dangers – data that has guided pollution standards for more than 15 years. The Republican administration’s most sweeping climate change policy rollback yet, the change follows a string of regulatory cuts and other moves intended to unfetter fossil fuel development and stymie…
The deceased suspect in a mass shooting that left nine people dead in a small town in western Canada was named as 18-year-old Jesse Van Rootselaar, who was known to police. Officers found Van Rootselaar dead after the shooting on Tuesday afternoon at Tumbler Ridge Secondary School from what they believe was a self-inflicted wound. Six others were killed at the school, including four 12-year-old students and one 13-year-old, the Royal Canadian Mounted Police said. Van Rootselaar is also suspected of killing her mother and step-brother, whose bodies were discovered at a residence, RCMP Deputy Commissioner Dwayne McDonald told reporters…
Alliant Insurance Services has acquired Laredo Commercial Insurance Agency’s For-Hire Trucking portfolio, establishing the firm’s local presence in Laredo, Texas. As part of the acquisition, Steven Cadena has joined Alliant Transportation as Vice President, expanding the firm’s specialized expertise in delivering comprehensive insurance solutions for cross-border transportation risk. Laredo Commercial Insurance Agency is the third Texas-based agency to join Alliant in recent months, following the strategic acquisitions of McAfee Insurance Agency in Mercedes and Highpoint Insurance Group in Friendswood, expanding the firm’s footprint throughout the state. Cadena brings extensive experience and understanding of the complex Laredo transportation market, strengthening the…
The awardees will also be featured at the InsuranceFest 2026 – the world’s largest insurance festival. The awardees of Rising Stars 2026 will be recognized during the event on July 15-16 at Santa Monica Pier, California. IB InsuranceFest is a one-of-a-kind, choose-your-own-adventure festival where insurance and business leaders come together to connect, innovate, and actively shape the future through ideas, solutions, and shared experiences.
Imagine the surprise of being told by the Internal Revenue Service that you owe $116,000 in taxes on more than $323,000 in unreported income—income you had no idea existed. That’s reportedly what happened to Miramar, Florida, insurance agent Kevin Langford in 2023. The phone call from the IRS prompted Langford to alert authorities. That led to a two-year investigation by the Florida Department of Financial Services that this week resulted in the arrest of another insurance agent. Omar Hibbert, of Pembroke Pines, and owner of O Health Group, has been charged with stealing Langford’s identity and agent license information, and…
Insurance broker Marsh announced that Michael Lewis has been promoted to president, Marsh Risk Canada, effective April 1. In this role, Lewis will lead the strategic development and execution of Marsh Risk’s Canada commercial strategy, which encompasses its risk management, corporate and commercial client segments, risk consulting services, and specialty insurance broking solutions. Michael Lewis He will also work closely with Marsh’s country leaders to deliver the firm’s market-leading capabilities across risk, reinsurance and capital, people and investments and management consulting to clients. Lewis succeeds Sarah Robson, who will continue to serve as Marsh Canada CEO. He will report jointly…
Smart AutoCare, headquartered in Richardson, Texas, appointed Christopher Murphy as president. Murphy has over 20 years of executive leadership experience and a strong record of operational excellence across the automotive and technology sectors. He joins Smart AutoCare from OptionSoft Technologies, Inc., where he has served as president since 2019, leading strategic growth initiatives and advancing innovative, customer-focused automotive technology solutions. Murphy reports to Tom Reilly, head of global consumer solutions of Fortegra and Peter Masi, CEO of Smart AutoCare. Was this article valuable? Yes No Here are more articles you may enjoy. The most important insurance news,in your inbox every…
AXIS Capital continues to leverage alternative capital and partner with insurance-linked securities (ILS) investors, with these activities generating attractive fee income in 2025. While a new structure established for 2026 shows that its casualty sidecar Monarch Point Re remains a core focus for the company.Specialty insurance and reinsurance company AXIS Capital no longer reports fee income earned from what it used to call strategic capital partners as clearly as it once did, but the company continues to leverage the appetite of third-party capital investors within its business. In 2025, it seems AXIS Capital had a profitable year, generating attractive fee…
Workers’ compensation provider Summit is expanding its coverage offerings to Delaware and Pennsylvania. Summit-managed carriers Bridgefield Casualty Insurance Co., Bridgefield Employers Insurance Co., and Bridgefield Indemnity Insurance Co. received regulatory approval from the Delaware and the Pennsylvania insurance department to begin offering workers’ compensation coverage in their states. Each carrier is rated “A+” (Superior) by the AM Best. Summit manages more than $785 million in workers’ compensation premiums through 7,000 independent agents the South, Midwest, and Mid-Atlantic regions. It already conducts business in Alabama, Arkansas, Florida, Georgia, Indiana, Illinois, Kentucky, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, and…
It sounds like something from a science fiction novel, but Alabama officials’ plan to use robots to improve care for rural pregnant women and their babies is real. During a January White House roundtable touting the first grants to states under a new $50 billion rural health fund, Centers for Medicare & Medicaid Services Administrator Mehmet Oz called the idea “pretty cool.” Later that day, Sen. Bernie Sanders, the independent from Vermont, said it is decidedly not cool. And obstetricians and others chimed in on social media to express alarm, with one political activist calling it a “dystopian horror story.”…