Banking industry news and updates
A New York court allows a construction worker to pursue his injury lawsuit while dismissing financial claims against his employer due to workers' compensation benefits.
An Ohio court upheld permanent total disability benefits for a respiratory therapist, clarifying the role of objective medical evidence in benefit decisions.
AIG is realigning its property portfolio due to intensifying competition in commercial insurance while leveraging growth in casualty lines.
Assicurazioni Generali SpA's first-half net profit rose 18% to €2.5 billion, reflecting growth across all its business segments.
Everest Group Ltd. will sell its Mexican subsidiary to Fairfax Financial as part of a strategic shift to concentrate on reinsurance.
Swiss Re's first-half net income increased by 9% to $2.8 billion, fueled by strong performance across all business segments.
A federal judge mandates RLI to defend a plumbing contractor in pipe-leak litigation, citing potential coverage for one of three apartment complexes involved.
Record-low river levels are disrupting cargo transport and electricity generation in Europe, with significant shutdowns reported in Hungary and Romania.
Wildfire catastrophe bond sales have topped $5 billion this year, approaching last year's total, driven by increasing fire risks across Europe.
A recent 6.8-magnitude earthquake in Japan could lead to insured losses of $1.4 billion to $2.1 billion, excluding various types of damages.
JPMorgan forecasts a stagnant European reinsurance market, predicting price softness continues into 2027 unless major catastrophic events occur.
Woodland Pulp is under scrutiny after OSHA proposed fines for safety violations linked to worker deaths and hazardous chemical exposure events.
St. Mary’s, Newfoundland and Labrador, begins a $1.21 million cleanup of abandoned fish sauce tanks that have plagued residents for over 20 years.
A Tennessee workers' compensation panel ruled that a Texas insurer must remain involved in a roofing accident claim, citing coverage disputes as key factors.
PartnerRe Ltd. achieved a net income of $447 million for the first half of the year, despite a year-over-year decline in profit.
Insurers are increasingly excluding generative AI-related risks from policies, following the introduction of standardized endorsement templates by Verisk Analytics.
The 8th Circuit Court has revived Cannon Falls Area Schools' hail damage lawsuit against Hanover Insurance, challenging previous interpretations of damage exclusions.
Hackers issue ‘final warning’ to Ernst and Young Jul 28, 2026 After breaching London-based Ernst and Young Global Ltd.’s network, the hacking group ShinyHunters has issued a “final warning,” threateni...
The European Union has imposed an €890 million fine on Google for favoring its services and limiting competition in its app store.
A recent cyclone in Sicily caused $1.1 billion in damages, revealing significant gaps in mandatory insurance for affected businesses.