Record Surge in Wildfire Catastrophe Bond Issuance Amid Rising Risk
Wildfire catastrophe bond sales have topped $5 billion this year, approaching last year's total, driven by increasing fire risks across Europe.
Financial technology and innovation
Wildfire catastrophe bond sales have topped $5 billion this year, approaching last year's total, driven by increasing fire risks across Europe.
A Wisconsin appeals court ruled that workers' compensation covers claims from a deadly plant explosion, blocking civil tort claims against Nationwide Mutual.
Willis Towers Watson faced a significant 30% drop in net income for Q2, even as organic revenue increased by 5%.
Munich Re reports a 50% decline in global insured natural catastrophe losses in H1 2026, driven largely by severe U.S. thunderstorms.
Everest Group's net income dropped 17% year-on-year to $559 million in Q2, with gross written premiums falling 7% to $3.7 billion.
The Joint War Committee has broadened the high-risk zone in the Red Sea due to increased maritime attacks, impacting shipping operations in the area.
W.R. Berkley announces key leadership shifts in its reinsurance division, promoting Daniel Westcott and Robert Coyne within the organization.
Brown & Brown's organic revenue slipped 0.7% as declining property insurance rates and segment variations impacted overall performance.
Munich Re achieved a net profit of €2.2 billion in Q2, buoyed by minimal catastrophe losses and strong investment results, indicating a favorable market outlook.
The Massachusetts Supreme Judicial Court upheld federal law, blocking a local health board's effort to shut down a Verizon cell tower over safety concerns.
The Iowa Court of Appeals upheld Des Moines’ denial of a worker's claim for benefits, ruling it had sufficient grounds to dispute the matter.
A Florida appeals court overturned a nearly $10 million award to a former police officer, ruling the city fulfilled its insurance obligations.
A prominent tailor is pursuing over £550,000 in damages from a wine cooler supplier for alleged failures that damaged his rare collection.
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.
Global commercial insurance rates have dropped 6% in Q2 2026, reflecting heightened competition driven by surplus capital.
A Tennessee judge mandated that a private prison operator must authorize a psychological evaluation and potential spinal cord stimulator treatment for an injured worker.
The Tennessee Workers’ Compensation Appeals Board has ordered Capstone Logistics to cover lumbar fusion surgery for an employee injured at work, while denying additional disability benefits.
Marsh's second-quarter revenue rose to $7.40 billion, buoyed by strategic investments in new business and AI, despite ongoing pricing challenges in property insurance.
Arthur J. Gallagher's Risk Placement Services has acquired W.N. Tuscano Agency, bolstering its presence in Pennsylvania's wholesale insurance market.