The Trump administration is proposing rules to tighten security against rogue drone flights. Owners of certain facilities such as energy plants, oil refineries, state prisons and amusement parks would be able to request restrictions on drones near their sites under proposed regulations from the US Federal Aviation Administration. The rules, released Tuesday, require applicants to explain why a restriction is necessary for “aviation safety, protection of people and property on the ground, national security, or homeland security.” That includes describing drone operations over the facility during the previous 24 months, highlighting any gaps or weaknesses that might be exploited and…
Author: Awais
Corgi AI Coverage Fills Gaps Left by Traditional Tech Coverage From autonomous agents making financial decisions to models generating customer-facing content, AI systems are no longer just experimental, they are operational. But what happens when one of these systems malfunctions, produces biased outputs, or acts unpredictably? The resulting financial and legal exposure can be significant. As artificial intelligence becomes deeply embedded in business operations, there is a new category of risk is emerging that traditional insurance policies were not intended to cover. The new AI Insurance Coverage from full-stack insurer Corgi is designed to fill those gaps. “Businesses are moving…
He was the founding president of FUNDALARYS, the Latin American Risk Management Foundation, creating a platform for education, collaboration and knowledge-sharing across a region where formal risk structures were still emerging. He went on to lead a succession of key industry bodies, serving as president of IFRIMA (the International Federation of Risk and Insurance Management Associations), FERMA (the Federation of European Risk Management Associations) and ABGR in Brazil, and as an honorary member of ANRA, the Italian risk management association.
The reinsurance reinstatement charges tied to a single E&S claim and bank-loan volatility pushed James River into the red
The government of Portugal is considering catastrophe bonds as a potential mechanism that could be utilised to provide risk capital for disaster resilience and to better manage catastrophe risk exposure in the country.The government published its Portugal Transformation, Recovery and Resilience Plan (PTRR) recently, indicating a significant EUR 22.6 billion spending plan to boost its economic resilience and to encourage resilient development. Insurance features as a key component of the plan, with measures ranging from multi-risk agricultural coverage, to mandatory catastrophe insurance for properties and homes, and even a catastrophe fund for natural disasters and seismic events to ensure universal…
According to the filing, hailstones up to approximately 2 inches or larger battered the couple’s home, damaging the tile roof, soft metals, gutters and downspouts, a shed, vinyl siding, windows, and vinyl fencing. The Zahedis say they reported the loss promptly and that Auto-Owners acknowledged coverage and assigned a third-party adjuster from Catastrophe Specialist, Inc. to inspect.
Heather Cianfrocco is joining the Pittsburgh-based healthcare company as its COO effective immediately.
The carrier’s reasoning, according to the complaint, leaned on an inspection by EFI Global, Inc. on June 23, 2025. That report allegedly concluded hail damage was confined to the entry awning, skylights, and translucent panels between two bays. The broader roof problems, Encova said, were the product of “age-related wear, long-term deterioration, prior repairs, coating failure, and installation-related issues.”
The California Earthquake Authority (CEA) is back in the catastrophe bond market to sponsor its first issuance of this year, with an initial target to secure $300 million of fully-collateralized earthquake reinsurance from this new Sutter Re Ltd. (Series 2026-1) issuance, Artemis can report.Last year, the California Earthquake Authority (CEA) sponsored three series of catastrophe bonds, securing in total $1.57 billion of earthquake reinsurance protection from the cat bond market. For 2026, the CEA has returned and is utilising its Sutter Re Ltd. issuer, which has not been seen in the market since a 2023 cat bond deal, having used…
A fire broke out Monday in the Broadway theater that hosts “The Book of Mormon,” forcing the long-running musical to close, at least temporarily, as the historic venue undergoes repairs. The blaze, which began in an electrical room, caused “substantial damage” to the Eugene O’Neill Theatre, according to New York Fire Department Assistant Chief David Simms. The cause of the fire remains under investigation. “Everyone has been safely removed from the theater,” the theater’s owner, ATG Entertainment, said in a statement. “We will keep all parties abreast of this developing situation.” It wasn’t immediately clear how long the 1,108-seat theater…
In a filing dated May 4, 2026 in the US District Court for the District of Nebraska, American Strategic Insurance Corp., known as ASIC, says it owes nothing – no defense, no payout – to Shane Harrington, his company MelTech, Inc., or the woman suing him under the pseudonym “Jane Doe, a victim of sex trafficking.”
Nearly one in two young people in Europe have used AI chatbots to discuss intimate or personal matters, as the technology increasingly serves as a source of emotional support, an Ipsos BVA survey showed on Tuesday. Of the 3,800 people surveyed, 51% said it was “easy” to discuss mental health and personal issues with a chatbot. Only 49% said the same about healthcare professionals and 37% about psychologists. People close to you were at the top of the list, with 68% saying it was easy to discuss issues with friends and 61% with parents. Read more: Families of Canadian Mass…
As many as 200 first-time homebuyers could receive down payment assistance up to $13,500 each thanks to Progressive Insurance. Progressive’s UpPayment program is available to first-time homebuyers purchasing a non-commercial, non-mobile residential property with intention of making it their permanent residence. To qualify, applicants must be legal U.S. residents, be at least 18 years old, and have household annual income below 500% of the federal poverty guidelines, which for a family of three is $136,600. Applicants must secure a mortgage pre-approval and participate in a Housing and Urban Development (HUD)-approved housing counseling program. These counselors help homebuyers navigate the homebuying…
Less than a month after former NASCAR driver Greg Biffle and his family died in a plane crash last year, investigators say two of their “friends” conspired to break into the empty home and took cash, guns and financial information in an attempt to steal hundreds of thousands of dollars. More than 40 search warrants have been issued, authorities in North Carolina say, focusing on a married couple who allegedly knew Biffle and his wife Cristina. The suspects did “a lot of planning in an attempt to make a financial gain” off their deaths, Iredell County Sheriff Darren Campbell said.…