Rhode Island-based Beacon Mutual Insurance Co. has experienced a data breach caused by a ransomware attack and is in the process of determining what information and persons may have been affected. The workers’ compensation insurer said it received an alert on January 14, 2026, regarding suspicious activity on its network. In response, the company said it disconnected certain systems, launched a forensic investigation with external cybersecurity experts, and managed to restore operations by January 20. The ransomware tracking site, Ransomware.Live, has posted information indicating that the threat group INC Ransom is claiming responsibility for the attack. The INC Ransom leaked…
Author: Awais
Adam Schwebach, broker and head of property for North America at Gallagher Re, the global reinsurance broker, last week sat down for an interview with Insurance Journal. The discussion came on the heels of Gallagher Re’s annual Florida broker summit, which provided some fresh insights into the shape of the reinsurance market and the continued impact of recent legislative reforms in the Sunshine State. The conversation has been lightly edited for clarity and brevity. IJ: How was the Florida broker event this year? AS: This was our 11th annual summit. This group consists of Florida carriers—we get a very good…
Steve Kauderer Verisk, headquartered in Jersey City, New Jersey, named Steven Kauderer president of its claims solutions business. He reports to Lee Shavel, president and CEO of Verisk. Most recently, Kauderer was a senior partner at EY-Parthenon, where he built and led Enterprise Reimagined. Prior to that role, he was a senior partner at McKinsey and Company, serving as a leader in the global insurance practice with an emphasis on property and casualty and life insurance. Kauderer’s insurance experience also includes leadership roles at Bain & Company and Oliver Wyman. Verisk Chief Financial Officer Elizabeth Mann had been serving dual…
CyberCube has named Chris Methven its new CEO, replacing Pascal Millaire, who has been the leader of the cyber risk modeling and analytics company since it has operated as a standalone company. Methven has been Cyber Cube’s chief growth officer since April 2020. Prior to CyberCube, he was chief revenue officer for supply chain risk analytics business Achilles. “I have spent the last six years working directly with our clients and the wider market,” said Methven, in a statement. “I’m very much looking forward to leading the next phase of the company’s growth and development, building on the strong foundations…
The continued scaling of alternative, or third‑party reinsurance capital further augmented property catastrophe capacity and increased competitive pressure at the January 2026 renewals, according to S&P Global Ratings, who projects that alternative capital will continue to reach new highs as it complements traditional reinsurance capital.In its Global Reinsurance Sector View 2026, S&P highlighted how third-party capital reached a record high $124 billion at the end of the third quarter of 2025, marking a $9 billion, or 7% increase from year-end 2024. “The continued scaling of third‑party capital further augmented property catastrophe capacity and increased competitive pressure, particularly for programs with…
SVP unpacks the Utah-based firm’s approach to dealmaking
Updated: January 26, 2026 Since the enactment of the Affordable Care Act (ACA) in 2010, the KFF Health Tracking Poll has provided routine measures of public opinion of the health care reform law. Public opinion on the ACA has shifted over the years, most notably following Republicans’ unsuccessful efforts to repeal it during the first Trump administration. While overall opinion of the ACA has been more favorable than unfavorable since 2017, there remain deep partisan divides. This page examines how specific groups feel about the law and how those opinions have changed or not changed over time. Access all KFF…
As the catastrophe bond and insurance-linked securities market looks to build on its recent strong performance and capitalise on opportunities that are being presented, the need for the sector to do so in a sustainable way came into focus at our ILS NYC 2026 conference held in New York last Friday.We held our Artemis ILS NYC 2026 conference on February 6th in New York and with over 450 people registered for the day it was our busiest ever. Attendees represented the majority of the insurance-linked securities market, insurance and reinsurance buyers of protection in catastrophe bond and ILS formats, our…
On February 5, the Appellate Division, First Department, ruled that James River Insurance Company must defend A1 Specialized, Inc. in an underlying tort action, despite the change order requiring such coverage never being formally signed by the parties.
The Affordable Care Act’s (ACA) Medicaid expansion expanded Medicaid coverage to nearly all adults with incomes up to 138% of the Federal Poverty Level ($21,597 for an individual in 2025) and provided states with an enhanced federal matching rate (FMAP) for their expansion populations. To date, 41 states (including DC) have adopted the Medicaid expansion and 10 states have not adopted the expansion. Current status for each state is based on KFF tracking and analysis of state expansion activity. These data are also available in a table format. The map may be downloaded as a Powerpoint.
The Delaware Department of Insurance stated that, beyond its original focus on consumer complaint investigations, it now requests that carriers provide direct telephone numbers and email addresses for each contact type listed on UCAA Form 14, so the Department can reach the appropriate representative without delay; the Department noted that missing direct contact information can slow consumer matter resolutions by forcing investigators to use generic company inboxes.
European Commission President Ursula von der Leyen said that despite ongoing talks to end the war, “we must be clear-eyed: Russia will only come to the table with genuine intent if it is pressured to do so.” The shipping services ban, which would need to be endorsed by EU member states, would “slash further Russia’s energy revenues and make it more difficult to find buyers for its oil,” she said. Oil revenue is the linchpin of Russia’s economy, allowing President Vladimir Putin to pour money into the armed forces without worsening inflation for everyday people and avoiding a currency collapse.…
A small Tennessee hospital that was destroyed by a surging river during Hurricane Helene will soon be rebuilt on low-lying farmland that could face several feet of flooding in a much smaller storm, risking another disaster if the new facility is not built to withstand extreme weather, according to a KFF Health News analysis. Ballad Health announced in January that it would spend about $44 million to rebuild the 10-bed Unicoi County Hospital in a field behind a Walmart in Unicoi, Tennessee, about 7 miles from the shuttered hospital that was the site of catastrophic flooding and a daring helicopter…
The Equal Employment Opportunity Commission (EEOC) last week filed documents in federal court to compel NAPA Auto Parts to comply with a subpoena. Back in May 2024, the EEOC filed a change under Title VII of the Civil Rights Act of 1964 against Atlanta-based Genuine Parts Company, doing business as NAPA Auto Parts. EEOC issued a subpoena as part of investigation into NAPA’s hiring practices, specifically allegations that the company failed to hire and recruit Black job candidates since 2019. The Legal Defense Fund at the time sent a letter to the EEOC asking for a formal investigation into the…