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Turkish Insurer Sinks as Top Executives Arrested in Fund Probe
Turkiye Sigorta AS shares extended losses after local media reported that two of its top executives were arrested as part of a sweeping probe into allegations of market manipulation in Turkish funds. Chief Executive Officer Taha Cakmak and his deputy …
POSTED OCTOBER 27, 2026 6:54 PM |
India Braces for Cyclone as El Niño Upends Global Storm Seasons
Tropical Cyclone Arnab is expected to hit India’s east coast on Wednesday, marking a break in an otherwise calm season that’s been subdued by a severe El Niño. Arnab is currently 859 kilometers (534 miles) southwest of Kolkata, packing top …
POSTED OCTOBER 27, 2026 6:41 PM |
PHP Security Flaws Highlight Potential Systemic Risk Aggregation for Cyber Insurers
Recently discovered security flaws in PHP programming language, used by many websites globally, has highlighted the potential for cyber risk aggregation, which has long worried insurers and made them reluctant to aggressively increase their risk appetites, according to the ratings …
POSTED OCTOBER 27, 2026 4:44 PM |
Explosion and Fire Erupt at Quaker Oats Plant in Iowa
An apparent explosion caused a fire over the weekend at a Quaker Oats plant in Iowa that the company touts as the largest milling facility in the world. No one was hurt, fire officials said. The Cedar Rapids Fire Department …
POSTED OCTOBER 27, 2026 4:39 PM |
People Moves: CM Vantage Appoints Finnegan as Managing Director, Casualty; Alliant Adds Sprangler to Midwest Benefits Team
CM Vantage has appointed Amy Finnegan as managing director, casualty, bringing excess and surplus lines expertise and leadership to its underwriting organization. In her new role, Finnegan will lead casualty underwriting strategy and help drive profitable growth while working closely …
POSTED OCTOBER 27, 2026 4:21 PM |
Marine Life Declined in Gulf of Mexico After BP Oil Spill, Study Finds
In a deep, dark part of the Gulf of Mexico, the number of marine animals plummeted by about 60% in the years following the 2010 Deepwater Horizon explosion, a new study found. In a crucial part of the Gulf between …
POSTED OCTOBER 27, 2026 4:16 PM |
Texas Attorney General Sues ChatGPT-maker OpenAI
Attorney General Ken Paxton is suing OpenAI, the maker of ChatGPT, for allegedly deceiving and harming Texans. This is the latest in a flurry of lawsuits filed against Big Tech companies and private corporations by the state’s top lawyer, who …
POSTED OCTOBER 27, 2026 4:12 PM |
Q3 Net Income Up 23% at The Hartford
Third quarter 2026 net income at The Hartford increased 23% to about $1.3 billion. Property/casualty pretax catastrophe losses for the quarter were $198 million compared with $70 million during the same quarter a year ago The Hartford said most losses …
POSTED OCTOBER 27, 2026 3:36 PM |
Cyber Direct Premiums Are Up but Majority of Policies Are Endorsements: NAIC
The U.S. domestic cyber insurance market has nearly tripled in size since 2020, with endorsement policies accounting for the largest share of policy counts relative to premium. The observations come from a new report generated by the National Association of …
POSTED OCTOBER 27, 2026 2:30 PM |
Florida AG Sues Climate Modeler First Street Over Home Risk Scores
Florida is suing the climate-risk modeling firm First Street Technology Inc., accusing it of penalizing state homeowners with risk scores based on flawed science. Filed Oct. 23, the lawsuit highlights growing pushback against the scores, which are intended to give …
POSTED OCTOBER 27, 2026 1:36 PM |
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