An active 2026 tornado season is expected for the Central Plains, with approximately 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics (KITD). Factors influencing this forecast include persistent La Niña conditions, warmer-than-average Gulf of Mexico sea surface temperatures, and an intensified low-level jet stream. During the 2026 tornado season, it’s expected that 1,450-1,600 tornadoes will occur across the United States. A risky time for tornado development will be between April 15 and June 10, 2026, KITD said. High-risk regions include Central Oklahoma, Eastern Kansas, and Northern Texas. There’s a 22% higher chance of…
Author: Awais
GeoVera Nova insurance entities have now secured the targeted $350 million of US earthquake reinsurance protection from the new Veraison Re Ltd. (Series 2026-1) catastrophe bond at slightly lower pricing than initially projected, Artemis has learned.This becomes the fourth catastrophe bond in the Veraison Re series of deals to secure a fully-collateralized source of capital markets backed US earthquake catastrophe reinsurance protection for GeoVera insurance underwriting companies. The transaction launched to investors earlier this month, with an initial target to secure the aforementioned $350 million of fully-collateralized reinsurance protection backed by collateral from the sale of the cat bond notes…
The global boom in the construction of data centers – driven by the growth of generative artificial intelligence (AI) and machine learning – is creating organic growth opportunities for major brokers such as Aon and Marsh. “Over the next five years, it’s estimated that between 2,000 to 3,000 data centers will be constructed worldwide, and we’re already well on the way to establishing our pre-eminence in this ecosystem as a trusted partner,” said Martin South, president and chief executive officer of Marsh Risk, during an analysts’ call last week to discuss Marsh’s fourth quarter and full-year results. In 2025 alone,…
India’s government proposed a 200 billion rupees ($2.2 billion) program to ramp up the deployment of carbon capture utilization and storage technology, to help mitigate the emissions of five heavily polluting sectors. The plan would target power, steel, cement, refineries and chemical over the next five years, India’s Finance Minister Nirmala Sitharaman said during her annual federal budget speech Sunday. Carbon capture technology, which stores or recycles an industrial plant’s emissions, is gaining popularity globally as nations are failing to decarbonize their economies at the pace required to curb climate change. India’s booming steel sector in particular is the world’s…
Business unit outpaced broader market gains and delivered an underlying combined ratio of 88.1
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Tenet has regained full ownership of Conifer Health Solutions, acquiring the remaining stake in its revenue cycle management business from CommonSpirit Health. CommonSpirit will pay Tenet almost $1.9 billion over the next three years to get out of its existing services contract, according to the deal announced Monday. That’s offset by $540 million that Conifer will pay CommonSpirit for its almost 24% equity stake and to eliminate CommonSpirit’s capital account. All told, Tenet executives said the deal creates almost $2.7…
What started as a $900 million shortfall has more than doubled in under two years
Selective Insurance Group added $100 million to the top-layer of its catastrophe reinsurance tower at the January 1 2026 renewals, which lifted the top of the tower to cover up to $1.5 billion of losses, while its management said the renewal came with meaningful price decreases.The expansion of the top-layer could position Selective to make even greater use of the catastrophe bond market in future, as the insurer’s first cat bond is scheduled to mature at the end of this year. So it will be interesting to see if and how Selective opts to renew its cat bond coverage for…
Elevate your specialty insurance performance by immersing yourself in razor-sharp insight and unrivalled networking possibilities – and have some beachside fun along the way
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Healthcare bankruptcies declined in 2025, even as the sector faces financial headwinds on the horizon, according to an analysis published last week by restructuring advisory firm Gibbins Advisors. The industry recorded 45 bankruptcy filings for debtors with liabilities of at least $10 million last year, down 21% from 2024 — and a steep drop from the 79 cases logged in 2023. However, hospital bankruptcies rose. Another year of falling Chapter 11 bankruptcy filings doesn’t necessarily signal financial health in the…
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called “bump-up” exclusion in denying coverage for a settlement in a securities lawsuit. Late last month the Delaware Supreme Court affirmed a ruling from the state’s Superior Court that the bump-up prevision “does not exclude coverage” to Harman International Industries, who was acquired by Samsung Electronics back in 2017 and then sued in a securities class-action lawsuit under allegations that Harman issued a false or misleading proxy statement to get shareholders to vote in favor of the deal at a lower price. A…
The National Highway Traffic Safety Administration said on Monday it had expanded a safety-related investigation into 1.27 million Ford F-150 pickup trucks following reports of unexpected downshifts with rear-wheel lockup. The investigation covers vehicles from the 2015–2017 model years, NHTSA said. The probe follows a preliminary evaluation the agency opened on March 21 last year, after receiving complaints related to 2015–2017 Ford F-150 pickups equipped with the ‘6R80’ transmission. The U.S. auto safety regulator said owners had reported that the trucks would abruptly downshift without warning or driver input, causing sudden deceleration and, in some cases, brief rear-wheel lockup or…
The timing of the recall is central to the insurer’s case. Auto-Owners alleges that Samsung sat on this information for years, continuing to sell ranges it knew posed a danger. Best Buy, the retailer that sold the range to the Adkins family at its Akron, Ohio location, is also named in the suit. The insurer claims the retailer had access to customer reviews, returns, and complaints that should have raised red flags.
The U.S. Coast Guard’s Northeast Division is investigating the sinking of the commercial fishing vessel Lily Jean off the Massachusetts coast and subsequent loss of seven lives last week. At 6:50 a.m., on January 30, the Coast Guard responded to an emergency radio beacon from the fishing vessel 25 miles off the coast of Cape Ann. The Guardsmen on the search faced up to 10-foot seas and freezing ocean spray due to frigid temperatures and stormy conditions. The search covered about 1,000 square miles over a 24-hour period. Searchers found a debris field along with a body in the water…