“Data centers have become foundational to innovation, connectivity, and economic growth,” said Joe Peiser, CEO of Risk Capital at Aon. “As these assets grow in size, complexity, and importance, resilience must be built from the start. By expanding our Data Center Lifecycle Insurance Program and extending coverage to operating data centers, Aon is helping clients anticipate risk, protect critical assets, and invest in digital infrastructure with greater confidence.”
Author: Awais
Moody’s Ratings has published a new discussion paper about pooled structures of insurance-linked securities (ILS) and is seeking market feedback to clarify its understanding of market interest and the risk analysis needs for such financial instruments that could expand the investment use-case for ILS.Moody’s Ratings explains pooled structures of insurance-linked securities as, “A pooled structure of ILS is a form of investment that aggregates multiple ILS, including but not limited to ILS-backed securities. “ILS-backed securities are instruments backed by a pool of ILS, in which losses on the pool are allocated across senior and subordinated debt securities based on predefined…
Solomou cited coverage-gap analysis, quote comparison, and contract review as priority areas. These functions, traditionally manual and time-consuming, are being automated to provide producers with data-driven recommendations. “That’s the whole name of the game: driving growth and increasing the productivity of our 2,800 producers,” he said.
The rollout marks the first deployment of the records system at a VA medical center in years after technical problems plagued the project. In total, 13 medical centers are scheduled to receive the Oracle EHR in 2026.
At Acrisure, technology transformation is not treated as a parallel experiment but as a direct intervention into the company’s operating core. Ben Funk (pictured), chief technology and AI officer, positioned the firm’s strategy as a deliberate departure from traditional innovation models. Rather than building isolated labs or pilot programs, Acrisure embedded engineering directly into live workflows, It’s more than insurance, this is something happening across their entire business, which also includes payments, cyber security, real estate and mortgage.
A coalition of 40 groups ranging from wildfire survivors to environmental to small business to and community organizations called on lawmakers to pass four bills in California Legislature they say will help people buy and keep homeowners insurance coverage. The groups sent letters to the state Senate Insurance Committee urging members to approve the bills, which the committee will vote on during an April 22 hearing. Related: California Utility Bills Are 20% Higher Due to Wildfires Among the groups are Consumer Watchdog and the Every Fire Survivor’s Network, which are sponsoring the bills by Senator Sasha Renée Pérez and Senator…
Governance model balances top-down direction with business input The transformation originates from senior leadership, including the CEO and executive team, but quickly evolves into a more distributed model. Early attempts to impose direction centrally proved ineffective, reinforcing the need for broader engagement. “We realized that having a structure of just going and telling people, ‘This is what you are going to do,’ does not work,” Jacob said.
Artex Capital Solutions, the insurance-linked securities market service provider and insurance management specialist has partnered with legacy and run-off reinsurance specialist Enstar to introduce structured exit options embedded within Artex’s ILS vehicles.The goal is to solve the trapped capital issue for ILS investors, by providing mechanisms that can deliver greater certainty on exits from insurance-linked securities (ILS) investments, while providing liquidity and capital return. Trapped capital, where investor’s funds are locked up to sustain insurance and reinsurance investments that are at-risk of attaching or facing potential loss and loss development, has been a drag on investor funds in the ILS…
A recent high-profile report highlighted a growing challenge for data centers: despite abundant insurance capacity, large data center projects are struggling to secure sufficient coverage. This may seem surprising given the available capacity in the market, but it reflects insurers’ increasing need for a more detailed understanding of the risks they assume. Data centers sit at the intersection of real estate and digital infrastructure, creating a risk profile that doesn’t fit neatly into traditional underwriting frameworks. As a result, carriers are increasingly cautious, not because they lack appetite, but because they lack the tools to fully quantify this interdisciplinary exposure.…
Study authors, who reviewed data from New York, said rising rates of overturned claims suggest that insurers’ claims review processes might not be working as intended, and policymakers should consider getting involved.
Maine lawmakers have passed a bill that could make it the first U.S. state to put a moratorium on new data centers as opposition to the electricity-hungry facilities grows across the country over their impact on household energy bills and the environment. The bill, which still needs final approval from Democratic Governor Janet Mills, would freeze approvals for data centers requiring more than 20 megawatts of power until October 2027, while a state-appointed council analyzes their impact on the local grid, electricity bills, air and water. The bill passed the House 79-62, clearing the Senate 21-13 later the same day.…
California law officials are warning people about the safety dangers and legal requirements of electric bicycles, also known as e-bikes California Attorney General Rob Bonta, Marin County District Attorney Lori Frugoli, San Francisco District Attorney Brooke Jenkins, and San Mateo County District Attorney Steve Wagstaffe issued a consumer alert to remind people of safety laws regarding the sale and use of e-bikes. Two-wheeled vehicles that exceed 28 miles per hour with pedal assistance or 20 miles per hour with throttle assistance are not considered e-bikes under California law. Instead, they are considered mopeds or motorcycles that require additional licensing and…
First quarter 2026 net income at Progressive Corp. increased 10% compared to the same period a year ago to nearly $2.8 billion. Progressive reports results monthly. Net income for March was up 36% to about $712 million. The Mayfield Village, Ohio-based insurer’s Q1 2026 combined ratio was 86.4 compared with Q1 2025’s result of 86.0. Net premiums written (NPW) in Q1 were about $23.6 billion, an increase of 6% compared to the same time period the prior year. Year-to-date Progressive NPW growth in personal lines was of 7% to about $19.6 billion, with 10% growth in direct-channel auto and 5%…
A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the prediction market Kalshi. He checked the Times Square webcam for specks of white — affirmative. The recent Stanford math graduate and lifelong weather buff had spent about $200 on predictions that total NYC snowfall that month would top various thresholds — for example, more than 2 inches. Now the value of his shares was rising. There was just one wrinkle: Qin had a classical guitar recital to…