Disruptions for college students are set to drag into the weekend after hackers briefly took down an online platform used by thousands of schools around the world, from Princeton University in the US to the University of Manchester in the UK and the Universidad del Desarrollo in Chile. Instructure Inc., which runs the Canvas service used by students to take tests and get grades, said it was forced to suspend the portal Thursday after breaches by a “criminal threat actor.” The perpetrators exploited a vulnerability in a specific account for teachers, the company said, gaining access to some of its…
Author: Awais
Kestrel Group: fronting growth offset by legacy reinsurance drag Kestrel Group, a specialty insurance platform focused on fronting services, reported a net loss from continuing operations of $7.0 million for the three months ended March 31, 2026, or a loss of $0.90 per share. Total revenues were $10.2 million, and net premiums earned were $3.2 million. Book value per common share stood at $15.52 as of March 31, 2026.
Separately, The Council of Insurance Agents & Brokers found that 2025 ended with the softest overall commercial P&C market conditions since 2017, with average premiums across all account sizes rising just 0.2% in Q4 2025 and large-account premiums declining on average. Multiple lines, including commercial property, cyber, D&O, employment practices liability and workers’ compensation, recorded average decreases, while commercial auto posted the highest increase at 6.6%.
Most carriers posted double-digit growth even as some saw underwriting tighten
Since 2019, State Farm has invested in 26 venture-backed companies with a clear concentration in automotive and insurance technology. Automotive-focused firms alone account for roughly 37% of total venture-linked funding, while insurance technology adds another $420 million. This strategy accelerated sharply in 2023, when 90% of companies backed by mutual developed auto and insurance platforms, including autonomous vehicle systems, telematics infrastructure, and cloud-based claims software. At the same time, State Farm has emerged as one of the leading holders of AI-related patents in the insurance sector, with more than 100 unique IDs granted or published in 2025 alone (each individually…
Universal Property argued that the paperwork in this case did not pass muster. A separate invoice, dated the same day as the AOB, listed two line items. The first, called Protocol, covered limited visual observations, multi-location environmental sampling, and a report, priced at $995, with a note that any additional samples would run $95 each. The second, labeled Clearance, repeated the same environmental-testing description and was priced at $795. The combined total came to $1,790.
New Florida law puts insurer e-signature systems under a stricter NIST-grade microscope
A unanimous ruling tightens how juries can hear medical damages in auto cases
The dispute traces back to the grounding of the tank vessel T/V Margara in Puerto Rican waters, an incident that posed a substantial threat of an oil discharge and damaged coral reefs and associated marine resources. The United States, acting on behalf of the Coast Guard and the National Oceanic and Atmospheric Administration, filed suit in December 2021 under the Oil Pollution Act, seeking to recover damages already paid out of the Oil Spill Liability Trust Fund as well as the cost of restoring the injured reefs. Ernst Jacob was named alongside his insurer, Shipowners Insurance and Guaranty Company, known…
People’s Trust Insurance Company, the Florida homeowners specialist insurer, has now successfully secured $100 million of named storm reinsurance from the capital markets through its debut GWS Re Limited (Series 2026-1) catastrophe bond issuance, pricing the notes at the mid-point of initial guidance, Artemis can report.People’s Trust Insurance Company made its debut in the catastrophe bond market last month. The Florida specialist insurer was initially targeting a $100 million source of fully-collateralized Florida named storm reinsurance protection from cat bond investors. As we reported in our first update on this transaction, the target remained for GWS Re Limited to offer and sell…
House File 4133, authored by Representatives Kelly Moller, Zack Stephenson, Kari Rehrauer, and Larry Kraft, with Senator Bonnie Westlin carrying the Senate companion, cleared the Minnesota House of Representatives on April 20, 2026, and the Senate on April 28, 2026. The governor approved the bill on May 5, 2026. It takes effect January 1, 2027, and applies to any homeowner’s policy offered, issued, or renewed on or after that date.
According to the filing, the trouble started in or about May 2024, when 11 pallets of automotive parts were handed over to Senator International, a Hamburg-based common carrier, for an international flight under air waybill no. NUE00184126. HDI Global says the goods were tendered “in good order and condition, and suitable in every respect for the intended transportation.”
Spinnaker Insurance Company is now targeting lower pricing for its second catastrophe bond sponsorship, still seeking $100 million or more in US multi-peril collateralized reinsurance from a new Mountain Re Ltd. (Series 2026-1) issuance but at a reduced spread, Artemis can report.Spinnaker Insurance Company, the personal and commercial lines program and fronting specialist, returned to the catastrophe bond market for its second sponsorship back in April, as looked to renew and extend its cat bond backed reinsurance protection. Roughly three years ago, Spinnaker had sponsored its debut Mountain Re Ltd. (Series 2023-1) catastrophe bond to provide it $110 million of…
The underlying case, James Quaid et al. v. Data Axle, Inc., centers on a familiar internet-era pitch: the free trial. According to the filing, Data Axle runs two consumer-facing platforms – data-axle.com, aimed at large organizations with complex data needs, and dataaxlegenie.com, designed for small and medium-sized businesses looking to generate leads. Both sites, the underlying plaintiffs allege, let prospective customers peek at real people’s names, addresses and other identifiers as a teaser to sell paid subscriptions.