pacific side of ledger What El Nino gives to the Atlantic it takes away elsewhere. El Niño increases tropical cyclone activity in the central and eastern Pacific while simultaneously suppressing the Atlantic – which has a direct impact on the circulations approaching the Latin American or Pacific coast. Previous El Niño analogs include devastating floods…
Parent cited Australia as an example of increased consequences following the incident, pointing to increased regulatory scrutiny, greater class action risk, and costs associated with remediation, customer notification and business disruption. “As the threat landscape continues to deepen, the impact is being felt not only in the frequency, severity and velocity of cyber incidents, but…
The insurer’s appraiser “shall inspect the damaged motor vehicle within four (4) business days of receipt of the written demand,” provided the vehicle is on the repair shop’s premises when requested. Blow out that window, and the consequences will be dire. Under the bill, if the appraiser fails to conduct a timely inspection, “the insurer…
“The private insurance market in general has shown that it is willing and ready to address the growing risk in the U.S. and help close that protection gap,” Garrahan said. “Between 2020 and 2024, the private market is expected to grow by approximately 20%. [Essentially]We know that floods are generally an insurable peril. When insurance…
Zurich agreed terms on an all-cash acquisition on March 2, 2026, with Beasley shareholders entitled to receive 1,335 pence per share, consisting of 1,310 pence in cash and a permitted dividend of 25 pence. The offer represents a premium of approximately 62.8% to Beazley’s closing price on January 16, 2026, valuing the transaction at approximately…
A conservative group of health activists, chaired by a government minister, has called for a two-tier NHS, including compulsory private health insurance for “those who can afford it”. I Can reveal. The Conservative Friends of the NHS (CfONHS) group, whose chair and patron is Health Minister Maria Caulfield, has also advocated for reforms that would…
Vantage’s six-year track record Vantage was launched in December 2020 with $1 billion of equity capital from Carlyle and Hellman & Friedman. Its CEO, Greg Hendricks, is the former chief executive of AXA XL with over 35 years of industry experience, and the company was launched with Dinos Iordanou, retired Chairman and CEO of Arch…
A threat has been building for years The Houthis’ return to maritime aggression, for those in the insurance market, was a matter of when rather than if. The group halted large-scale attacks on commercial shipping in October 2025 following the Gaza ceasefire – but the war risk premium in the Red Sea, which increased 20…
It just got worse, the complaint says. On November 12 – five days before the trial – Allied World introduced a new plan on the all-carrier call: calling the shopping center dangerous, shifting the blame to Ross Dress for Less, a defendant already dismissed from the case. The filing described it as an attempt to…
What exactly does Honeycomb do? The Chicago-headquartered insurance company — which employs about 210 people across its U.S. and Israeli operations — has built its platform around a single architectural principle: Underwrite each asset individually, not as a member of a class. Rather than applying broad portfolio guidelines, Honeycomb’s system assimilates hundreds of structured and…
