Tokio Marine & Nichido Fire Insurance Co. Ltd. is now targeting mid-guidance pricing for the $100 million of multi-year collateralized earthquake reinsurance protection it aims to secure from its new Kizuna Re III Pte. Ltd. (Series 2026-1) catastrophe bond transaction, Artemis has learned.The company returned to the catastrophe bond market recently for what will become the tenth catastrophe bond we feature in our extensive Deal Directory that will provide reinsurance to part of the Tokio Marine Holdings group of companies and now the seventh in the Kizuna Re series of cat bond deals. Initially, the target was to secure $100…
Author: Awais
Brisk Insurance Services LLC, a Montana-based policy administration software developer, is taking on the Federal Crop Insurance Corporation and the Risk Management Agency in a case that could ripple across the crop and livestock insurance sector. The suit, filed March 10, 2026, in the US District Court for the District of Columbia (Case No. 1:26-cv-00842), challenges a recently issued Manager’s Bulletin that Brisk says effectively kills its business.
The story begins with a trip-and-fall. According to court filings, Rosalind and Nir Arbel allege that on January 23, 2022, Rosalind Arbel was injured after tripping in a parking lot at 2670 Geary Blvd. in San Francisco – a lot leased to Trader Joe’s for additional parking for its store at 3 Masonic Avenue. The Arbels sued Dominic D. Yin, individually and as trustee of the Dominic D. Yin Revocable Living Trust, among others, citing dangerous conditions including cracks, vertical displacement, inadequate lighting, and exposed rebar. Damages demanded at mediation reached $15,000,000.
Months after promising help for “hundreds of thousands of kids,” the FDA approved the decades-old medicine for a disease documented in less than 50 people.
Speaking today, Hannover Re’s Sven Althoff explained that softening trends seen in property catastrophe reinsurance are expected to continue through 2026, while he also said that the ongoing conflict in the Middle East could have ramifications for certain specialty lines the reinsurance firm underwrites.Althoff, Hannover Re’s Executive Board Member for Property & Casualty business, also noted that the impacts from the Middle East war remain uncertain from a financial point of view, but importantly noted they could have an impact on firm order terms. Speaking this morning during a media call, Sven Althoff commented on the Hannover Re expectation for…
E&S cyber requires brokers to translate complex exposures into actionable coverage for clients
InsuranceFest is back – with more connections and deeper insights that will help shape the future of specialty insurance. The event takes place on July 16 at Santa Monica Pier, California and features four zones, 50 discussion tables and 60+ speakers that are sure to spark candid and thoughtful conversations.
Artificial intelligence tools could help safety-net organizations close gaps created by massive cuts to Medicaid signed into law last year, experts said at the HIMSS conference.
Washington state is set to approve a new tax on millionaires, a measure that would shift how the state raises money and set off a likely court fight over a nearly century-old legal ruling. The state’s Democratic-controlled House of Representatives passed the proposal late Tuesday after lawmakers debated through Monday night. The bill now goes to the Senate, where it is widely expected to win approval. Governor Bob Ferguson, also a Democrat, vowed to sign the measure, saying it would “apply to less than one half of one percent of Washingtonians, but make life more affordable for millions.” Enactment would…
In recent years, Medicaid spending on prescription drugs has grown, in part due to the emergence of new, high-cost drugs, including GLP-1s and cell and gene therapies that treat, and sometimes cure, rare diseases. There have been several recent Trump administration prescription drug initiatives (Box 1), including new payment models, that could help combat rising costs for state Medicaid programs, though questions remain about the implementation and impact of the deals. While lower prices for state Medicaid programs through the new models could result in reduced Medicaid prescription drug spending and potentially expanded coverage of certain drugs, the extent of the savings and how…
Medical technology maker Stryker Corp., hit by a crippling cyberattack linked to a pro-Iran group, is still investigating the breach and doesn’t know when its systems will be back online. The company said in a regulatory filing Wednesday afternoon that it expects the breach to continue disrupting operations and “the timeline for a full restoration is not yet known.” In an earlier memo seen by Bloomberg News, the company acknowledged that the attack had pummeled its network. A pro-Iranian digital activist group, Handala, has claimed responsibility for the hack, potentially marking the first known major cyber disruption of an American…
The Government of Jamaica has announced its intention to renew its Caribbean Catastrophe Risk Insurance Facility (CCRIF-SPC) parametric risk transfer coverage in May 2026. However, there has been no confirmation regarding the potential for any renewal of its World Bank-facilitated catastrophe bond.At the same time, the Government also revealed that it is planning to strengthen its suite of disaster risk financing instruments in order to help build structural resilience and mitigate potential damage from natural disasters across the country. Minister of Finance and the Public Service, Hon. Fayval Williams, made the announcements during her opening speech at the 2026/27 Budget…
Physical losses may still be relatively contained but the US-Iran conflict is generating a second wave of insurance exposure through delay, deviation, cancellation and aggregation risk that has become the central insurance issue. For insurers and brokers, one big supply chain focus area is what happens when assets like ships, cargo and planes are immobilised and when voyages extend in duration, or, are canceled altogether.
Major storms that whipped up tornadoes in parts of Illinois and Indiana on Tuesday leveled homes, downed trees and power lines, and overwhelmed a 911 center south of Chicago with emergency calls, according to officials. “Please do not come here. Do not try to help right now,” Newton County Sheriff Shannon Cothran said in a video update in front of what looked to be a destroyed home in the small northwestern Indiana community of Lake Village. Multiple homes in the community were destroyed in an apparent tornado, and Indiana State Police Cpl. Eric Rot said people had been injured. He…