New York, New Jersey, Connecticut and Massachusetts governors issued state of emergency orders and a halt to non-essential travel as a major storm was expected to bring up to 24 inches of snow and strong winds to the region. Around 15,247 flights were delayed by early afternoon on Sunday, and 3,509 were canceled. The largest number of cancellations were at JFK, La Guardia and Newark airports. New York City Mayor Zohran Mamdani ordered the closure of city streets to non-essential vehicular traffic, including bicycles and scooters, from 9 p.m. Sunday to 12 p.m. Monday and closure of all school buildings.…
Author: Awais
“I am excited to add Will to our leadership team. He is a high-impact finance executive who brings a compelling blend of strategic finance and insurance experience, well-honed operating skills, and leadership abilities,” Kuhn said. “He will be a strong partner as we continue to grow our platform to position Westfield Specialty for sustainable, long-term growth, and profitability.”
The launch comes as demand for new data centers and other digital infrastructure accelerates across the US, driven by growth in cloud computing, artificial intelligence workloads, and broader digital transformation efforts. These projects are often capital-intensive, complex, and subject to heightened liability exposures during construction, particularly as facilities scale in size and power capacity. Excess casualty coverage has become increasingly important in a US liability environment marked by rising claim severity and litigation trends.
LexisNexis: Q4 auto policy growth rebounds to “hot” levels
One insurer’s quest for written proof backfired spectacularly
Pinion Insurance names US CUO ahead of MGA launch In Bermuda, newly launched Pinion Insurance has named Kyle Selvig (pictured, center) as US chief underwriting officer as it prepares to enter the US program insurance market. Backed by $180 million in capital from Barings, Pinion will initially provide capacity to US MGAs before expanding into the UK and EU, subject to regulatory approvals.
The unusual detail that forced a carrier to cover a ranch hand’s tick-borne illness
Global re/insurer QBE has again been a beneficiary of improved reinsurance renewal market conditions at January 1st 2026, with an outcome that has allowed the company to further reduce the retentions for its main catastrophe reinsurance tower, with the company citing an “excellent” renewal.A year ago we reported that QBE’s main catastrophe reinsurance retention has fallen to $300 million, having sat at $400 million the year prior to that. Now, thanks to another favourable reinsurance renewal outcome, QBE has reduced the attachment of its main catastrophe excess-of-loss reinsurance treaty to $250 million, for the United States and Australia. For the rest…
That resolution, according to the filing, never came. Wildcat alleges that more than a year after it first submitted its claims, First American has not retained counsel, initiated proceedings to clear the liens, negotiated with Capital Fund, or made any payment. Under Section 3 of the policy conditions, a title insurer that concludes a defect is valid is required to take corrective action – whether that means clearing the title, indemnifying the insured, or securing a release. Wildcat contends none of those steps were taken.
Commercial lines policies declined more notably, totaling 175,000, down 14.2% compared to January 2025 and 0.6% from the previous month. The release notes that policy counts are based on items rather than customers, meaning multi-vehicle households generate multiple policy counts. Lender-placed policies are excluded from the totals.
Slide Insurance Company has now priced its new Purple Re Ltd. (Series 2026-1) catastrophe bond transaction, successfully securing the 28% upsized target of $320 million in multi-year collateralized named storm reinsurance limit at below guidance pricing, Artemis has learned.Slide returned to the catastrophe bond market at the beginning of February, initially seeking $250 million in reinsurance through its latest and fifth sponsorship of a Purple Re Ltd. cat bond. As we reported in an update, sources told us that the insurer’s ambitions had been raised, with the company lifting the issuance size target to $320 million of fully-collateralized reinsurance. At…
From a ‘best quarter ever’ to record annuity haul, latest earnings period paints a picture of an industry firing on multiple cylinders
Post-closing, McMorrow’s management team will retain operational control, while Fairfax holds a majority economic interest. Kennedy-Wilson, which manages $31 billion in assets across the US, UK, and Ireland, is expected to delist from the NYSE when the deal closes in Q2 2026.
Céline Gounder, KFF Health News’ editor-at-large for public health, discussed on CBS News 24/7’s The Daily Report on Feb. 16 how the recent deaths of two actors sparked searches for colorectal cancer information. Click here to watch Gounder on The Daily Report. KFF Health News Southern correspondent Sam Whitehead discussed on WUGA’s The Georgia Health Report on Feb. 13 how the Justice Department is pulling back its oversight of Georgia’s system for people with disabilities. Click here to hear Whitehead on The Georgia Health Report. Read Whitehead’s “Georgians With Disabilities Are Still Being Institutionalized, Despite Federal Oversight.” KFF Health News…