Here’s the missing piece in the contractor chain that doomed the defense
Author: Awais
Stone Ridge Asset Management, the New York based alternative risk premia focused investment manager, has reported assets under management across its mutual catastrophe bond, insurance-linked securities and reinsurance fund strategies nearing $6.5 billion, now at their highest levels since late 2018.Stone Ridge Asset Management has now grown the insurance-linked securities (ILS) assets under management across its two main dedicated mutual cat bond and ILS fund strategies as well as its diversified alternatives fund by an impressive 24% over the last year of record. As of January 31st 2026, the last official reporting date, the total AUM across the mutual 40’s…
Fourteen hospice firms allegedly used to bill under stolen identities
But even that provision did not survive. Under California’s severability framework, a remaining provision must be grammatically, functionally, and volitionally separable from the struck-down portions of a statute. The court focused on the volitional prong, which asks whether the legislature would have passed the provision on its own, and concluded it would not have. About 90% of the affected patients are already on public insurance. Telling them about all their options, including private coverage and the availability of premium assistance, might actually push some toward private plans, the opposite of what the legislature intended. That problem was made worse by…
Tropical Storm Risk (TSR) has now issued its April forecast update for the 2026 Atlantic hurricane season, reducing its extended range numbers from December and citing an expectation of moderate to strong El Nino conditions.Tropical Storm Risk (TSR) has always published an extended range view of the next year’s hurricane season in December. For the 2026 Atlantic hurricane season, beginning June 1st, TSR forecast 14 named tropical storms, 7 hurricanes, 3 intense hurricanes and an Accumulated Cyclone Energy (ACE) index of 125 back on December 12th 2025. Now, the early April forecast update shows that a lot has changed in…
The dispute traces back to a 2022 motor vehicle collision in which Abdel-Rahman says he was seriously injured by Patricia Faircloth, a GEICO insured. In May 2023, Abdel-Rahman’s attorney sent GEICO an offer to settle for the $25,000 policy limits. The letter checked all the boxes required under OCGA § 9-11-67.1, Georgia’s statute governing pre-suit settlement offers in auto injury cases. It included the time period for acceptance, the settlement amount, the party to be released, the nature of the release and an itemization of what the claimant would provide to the releasee, and the claims to be released –…
How Florida homeowners’ insurance compares to other states Florida’s costs remain far above other states. Oklahoma, the second most expensive, has premiums about $3,000 lower per year. At the other end, Vermont and Utah have some of the lowest rates, with annual premiums around $1,094 and $1,370.
The Insurance Business Cyber LOB Report, “The U.S. Cyber Insurance Market: Evolution of Underwriting, Claims and Strategy,” provides a comprehensive view of the market across six chapters, covering market structure, underwriting performance, carrier scorecards, and the evolving cyber risk environment. It is supported by 20+ figures including premium, claims, and state-level data; and a full data appendix, enabling readers to benchmark performance and apply insights directly to underwriting, placement, and portfolio decisions.
In this edition of Insurance Business TV, we catch up with Jenna Contreras of Allianz Commercial to look at how growing market complexity and hype shows up inside an organization. She explains how specialist talent is stepping up as risks grow more complex.
Persistent barriers are still hindering drug development for a host of menopause symptoms.
The Doctors Company named Brittnie Hayes interim senior vice president of claims. Hayes succeeds Michael Meyer, who is retiring after 42 years in the medical professional liability insurance industry. Hayes will lead the national claims team and oversee the planned ProAssurance integration. She will also set the strategic and operational direction for The Doctors Company claims and strengthen reserve governance and litigation strategy. She joined The Doctors Company in 2023, and has held national and regional leadership roles, most recently as vice president of claims for the Northeast region. Hayes is a licensed attorney across multiple states. Her background includes…
Weather forecasters from Colorado State University said on Thursday the 2026 Atlantic hurricane season was expected to fall below historical averages because of an El Nino formation sending winds across the southern U.S. that could rip apart tropical storms. “While the intensity of the likely El Nino is uncertain, the CSU team anticipates that a moderate to strong El Nino is most likely by the peak of the Atlantic hurricane season from August–October,” the university said in a statement. The Atlantic hurricane season begins on June 1 and continues until November 30, with the fiercest storms normally seen between August…
Big Tech is reshaping the funding landscape for new nuclear technologies as it seeks to bolster electricity supply for power-hungry AI data centers, inking deals that offer nuclear companies both funding and a clearer path to making money. Several U.S. firms are developing new modular reactors that are smaller, more advanced and scalable than conventional nuclear plants. But none have begun commercial electricity production yet as projects face challenges such as financing constraints and first-of-its-kind risks. However, the race to secure adequate energy to power data centers amid the burgeoning demand from AI is giving a fresh boost to the…
In December 2023, the U.S. Justice Department sued a Texas land developer it accused of duping tens of thousands of Hispanic residents into predatory mortgages, a landmark case for the Biden administration. Colony Ridge, which sold plots in massive subdivisions north of Houston, had become a “one-stop shop for discriminatory lending,” Kristen Clarke, assistant attorney general for civil rights, said at a news conference announcing the lawsuit. The developer targeted Hispanic applicants through false advertising and persuaded them to take out high-interest loans that many could not afford, then benefited when it foreclosed on their properties, the lawsuit alleged. “Our…