A challenging moment for New Jersey’s private auto market The acquisition adds to Global’s footprint in a state where personal auto insurance, one of Clark’s core lines, is going through turbulent times. New Jersey enacted the second and final phase of legislatively mandated increases in minimum auto liability limits on January 1, 2026, raising the…
cleaning with real teeth The sale came amid a broader regulatory reckoning. Caixin reported in March that China’s National Financial Regulatory Administration has scheduled comprehensive on-site inspections in 2026 of five major insurers — Ping An Life, PICC Property & Casualty, PICC Pension, Taiping Pension and Taikang — as well as nine asset managers. These…
If the drone operator is identified, he faces civil FAA penalties of up to $75,000 per violation and possible criminal charges — but faces those penalties without any insurance backstop. Flying in controlled airspace around an airport without authorization, which is what an operator would have to do to keep a drone at an altitude…
“When the accepted market becomes bureaucratically mind-numbing or the insurance department does not approve anything, risk capital seeks alternative product channels, which may undermine consumer interests.” regulatory reform questions Clark points to recent California reforms as a potential turning point. Changes that make it easier to incorporate Frontier catastrophe model output into rate filings, and…
Between 2017 and 2026, reinsurers accounted for 95% of the premiums received from U.S. homeowners insurers in claims payments and operating expenses. After taking into account reinsurance industry costs and margins, the net cost of reinsurance to the consumer is less than one cent per dollar of premium. The figure comes from Carly Morrell, executive…
The AMA’s April 2026 Policy Research Perspective report confirmed that medical liability premiums increased for the seventh consecutive year in 2025, with a 39.9% premium increase – the highest rate outside of the 2024 peak of 49.8% since 2005. The increases were concentrated in Pennsylvania, where reported premiums increased by 92.2%, and New York, where…
What is included in the dump ShinyHunters revised its claims about the dataset on Thursday, saying its previous description of the contents was an “exaggeration” caused by “analytical error and AI-generated misinterpretation of the underlying data.” Its revised version describes the 3.1TB fund as containing PDFs of regulatory filings from more than 264,000 insurers related…
Commercial plans were clearly in scope This isn’t just a Medicare problem. The Apex Medical case – in which Alexandra Gehrke was sentenced to 15.5 years in prison on October 7, 2025, and Jeffrey King was sentenced to 14 years to life on October 10, 2025, with a $309 million civil settlement announced in December…
Scale is the story. “The size, scale, complexity and length of these buildouts is unprecedented,” Williams said, with hyperscale campuses – the largest data centers – now routinely valued at US$30 billion to US$40 billion each. He said that in land-scarce markets such as Japan, developers are weighing 52-story towers to stack servers vertically rather…
The annual report, which is based on QBE’s proprietary claims data, found that neoplasms accounted for 36% of all stop-loss claim reimbursements, maintaining its position as the leading diagnosis at all deductible levels. At the $200,000 deductible level, severity of neoplasm claims increased 12% from the average in previous years, while frequency increased nearly 30%….
