Anthony R. O’Donnell // February 24, 2026 (Image source: Vexcel.) Vexcel (Denver) has launched Vexcel Intelligence, an artificial intelligence platform trained on high-resolution aerial imagery designed to enable search and analysis of physical-world features. The company says the platform applies AI to continuous aerial imagery to identify buildings, infrastructure and landscape...
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Published on: 2026-02-24
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Insurance Journal
Article 0 Comments Two days before New York’s biggest snowstorm in a decade began, forecasters were still unsure how much snow would fall. One traditional U.S. model had consistently predicted a major hit, while newer artificial intelligence systems weren’t so certain. The long-running Global Forecast System, or GFS, signaled the...
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Published on: 2026-02-24
Source:
News – Claims Journal
Anthony R. O’Donnell // February 24, 2026 (Image source: Modern Life.) Modern Life (New York) has launched an artificial intelligence-driven platform designed to integrate quoting, underwriting, planning and operations workflows within life insurance distribution. The company says the system embeds AI across each stage of the sales process, enabling advisors to...
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Published on: 2026-02-24
Source:
Insurance Journal
The first was its Employer's Liability Exclusion, written to bar claims for bodily injury to an employee's child caused as a consequence of injury to the employee. The problem, the court found, was that the Domion complaint never actually pinned down how the child was harmed. It left open a...
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Published on: 2026-02-24
Source:
Insurance Business Magazine
“When I get a referral from my team and they’re like, ‘Hey, we’re on season six of this, we’ve had five seasons of no loss, we’re on the same team,’ it’s a pretty easy approval to work on that project,” Burt said. “If we’ve seen a bad loss history on...
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Published on: 2026-02-24
Source:
Insurance Business Magazine
During a webinar presenting the findings, Jeff Rieder (pictured on the left), partner and head of benchmarking at Aon’s Strategy and Technology Group, noted that the average monthly number of finance-related job openings fell sharply between 2022 and the end of 2025. While the annual average sat at 281, by...
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Published on: 2026-02-24
Source:
Insurance Business Magazine
Among respondents, 60% reported higher claim severity in 2025, up from 53% the prior year and 41% in 2023. No insurer surveyed reported a decrease. Rising defense costs were cited by 93% as a material factor, driven by more aggressive claim prosecution, increased eDiscovery use, longer resolution timelines, and higher...
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Published on: 2026-02-24
Source:
Insurance Business Magazine
NLC CA, Inc., which operates Northwest Lineman College in Oroville, California, along with its affiliate Quanta Services, Inc. and two individuals, filed a suit against Zurich in the United States District Court for the Eastern District of California on February 20, 2026. The case is styled NLC CA, Inc. et...
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Published on: 2026-02-24
Source:
Insurance Business Magazine
Brundage-Bone Concrete Pumping, Inc., a Colorado-based concrete pumping company, filed a suit against QBE on January 15, 2026, in Adams County District Court, Colorado. QBE has since moved the case to the United States District Court for the District of Colorado, where it is docketed as Case No. 1:26-cv-00693. ...
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Published on: 2026-02-24
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Insurance Business Magazine
The regulation includes transitory language stating that, notwithstanding the new provisions, an insurer, organization, or person licensed under title 57 of NRS that provides coverage for dental care in Nevada is not required to submit a report under NRS 686B.125 until May 1, 2026; the report submitted on May 1,...
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Published on: 2026-02-24
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Insurance Business Magazine
Article 0 Comments Volvo Cars will recall over 40,000 of its flagship electric EX30 SUVs because their battery packs risk overheating, it told Reuters on Monday, a move that could dent the automaker’s hard-earned reputation for safety and cost it millions of dollars. The previously unreported recall involves replacing modules...
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Published on: 2026-02-24
Source:
News – Claims Journal
While corporates and carriers are betting on AI to improve performance, some major insurers are starting to pull back from broad AI liability on the coverage side. In late 2025, several large underwriters, including AIG and W. R. Berkley, began introducing exclusions for AI-related risks in corporate policies, citing the...
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Published on: 2026-02-23
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Insurance Business Magazine
Article 0 Comments Pasture lands have been stripped down to a sea of sand after wildfires tore across the U.S. Plains, killing cattle and wiping out their food sources, and threatening a historically small herd already linked to rising beef prices. The loss of grass in Oklahoma and Kansas has...
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Published on: 2026-02-23
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News – Claims Journal
Article 0 Comments Automakers are racing toward a key milestone on the long road to fully driverless cars: systems that let drivers take their eyes off the road – to shoot a text or peck away on a laptop – unless the car alerts them to retake control. Car companies...
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Published on: 2026-02-23
Source:
News – Claims Journal
High-value homes present a parallel issue. In markets where multimillion-dollar properties are increasingly common, traditional policy structures often fail to meaningfully balance risk. “People balk at a $10,000 deductible,” Kussurelis said. He suggested layered approaches and greater self-insurance, long standard in commercial lines, had yet to permeate personal lines. ...
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Published on: 2026-02-23
Source:
Insurance Business Magazine
The Department would require insurance industry members forward contributions if the Fund’s balance were reduced below $500,000,000, according to Section 9(1) of the Workers’ Compensation Security Fund Act (77 P.S. § 1059(1)). As of its evaluation dated December 31, 2025, the Fund’s balance exceeded $500 million, the Pennsylvania Insurance Department...
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Published on: 2026-02-23
Source:
Insurance Business Magazine
He brings more than 21 years of experience across insurance, crisis management, and security risk management, and joins from Crisis24, one of the world's largest global security response providers, where he handled active-assailant incidents, civil unrest, and large-scale evacuations spanning the Americas, Europe, and Asia-Pacific. ...
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Published on: 2026-02-23
Source:
Insurance Business Magazine
Unlike standard workers' comp claims tied to a single incident, cumulative trauma claims arise from repetitive stress or motion injuries that develop gradually over time. The California Workers' Compensation Institute puts the cost differential in stark terms: CT claims cost 53% more than specific-event claims, and 91% of CT lost-time...
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Published on: 2026-02-23
Source:
Insurance Business Magazine
"This appointment reflects our commitment to investing in exceptional talent and strengthening our capital modelling and reinsurance pricing capabilities," he said. "George brings a wealth of experience and a proven track record of delivering results, which will be instrumental in enabling our clients to succeed." ...
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Published on: 2026-02-23
Source:
Insurance Business Magazine
In the first case, 26-CV-987, Allstate names FocalSupply Inc., KEF Supply Inc., Medrite Equipment Inc., Pelle Supply Inc., Rupes Supply Inc., Scarlet Supply Inc., and Yasmed Inc., along with six individual operators, alleging they submitted fraudulent claims for EMTT devices, cryotherapy units, and ultrasound devices starting in April 2023. Allstate...
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Published on: 2026-02-23
Source:
Insurance Business Magazine
The healthcare giant filed a suit on February 20 in the US District Court for the Northern District of California, naming National Union Fire Insurance Company of Pittsburgh, Pa. (AIG), Federal Insurance Company (Chubb), Berkley National Insurance Company, Starr Indemnity & Liability Company, National Fire & Marine Insurance Company, RSUI...
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Published on: 2026-02-23
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Insurance Business Magazine
Article 0 Comments American International Group said it made substantial progress in artificial intelligence within the last year, and the technology’s outcomes and capabilities are more than previously predicted. The insurer during an Investor Day less than a year ago presented the potential benefits from its use of generative AI....
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Published on: 2026-02-23
Source:
News – Claims Journal
Article 0 Comments PacifiCorp, a utility owned by Berkshire Hathaway, agreed to pay $575 million to resolve U.S. government damages claims related to six wildfires in Oregon and California that burned nearly 290,000 acres of federal land, the U.S. Department of Justice said on Friday. The settlement resolves claims that...
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Published on: 2026-02-23
Source:
News – Claims Journal
Article 0 Comments Electric vehicle collision claims in the U.S. and Canada, while sales of new models declined, a new report shows. EV claims increased by 14% in the U.S. and 24% in and Canada, a report out from Mitchell shows. The report shows battery electric vehicles (BEV) sales declined...
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Published on: 2026-02-23
Source:
News – Claims Journal
Article 0 Comments As the prospect of flood damage haunts an ever larger number of U.K. homes, the country’s banks are under growing pressure to prove they’re not underestimating the risk in their mortgage books. Nationwide Building Society — once seen as an outlier after saying in 2024 it had...
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Published on: 2026-02-23
Source:
News – Claims Journal
Article 0 Comments The Delaware Supreme Court has re-opened the door for cyber insurers to pursue recovery of claims payments they made to their insureds who took matters into their own hands after their data hosting company allegedly failed to adequately respond to a ransomware attack. In July 2020, a...
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Published on: 2026-02-23
Source:
News – Claims Journal
The analysis pointed to urban sprawl, rising repair and reconstruction costs, and social inflation as key amplifiers of SCS losses, arguing that SCS must now be treated as a primary, not secondary, peril in insurers’ portfolios. This is in line with broader market commentary that losses from perils once considered...
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Published on: 2026-02-22
Source:
Insurance Business Magazine
Behind the rhetoric, the Pentagon has rapidly expanded its footprint in the region. The USS Abraham Lincoln carrier strike group is already on station, with a second carrier, the USS Gerald Ford, en route. Dozens of additional US aircraft – including advanced F‑16, F‑22 and F‑35 fighters – have been...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
Celine Butler, Commercial Account Executive from PAIB Insurance Inc, told Insurance Business "Any shift in trade policy, even one not directly aimed at forestry creates ripple effects in pricing, project timelines, and capital investment in a sector already shaped by fluid trade dynamics, volatile cost history, tight margins, and regulatory...
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Published on: 2026-02-20
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Insurance Business Magazine
Article 0 Comments A federal judge rejected Tesla’s request to overturn a $243 million jury verdict over the 2019 crash of an Autopilot-equipped Model S, which killed a 22-year-old woman and severely injured her boyfriend. In a decision made public on Friday, U.S. District Judge Beth Bloom in Miami said...
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Published on: 2026-02-20
Source:
News – Claims Journal
Eastern filed for arbitration in November 2010, repeatedly notifying Fidelity and inviting its participation. Fidelity declined every time. When Ionadi filed for bankruptcy in October 2011, Eastern got the bankruptcy court to lift the automatic stay. The arbitration proceeded with neither Ionadi nor Fidelity defending. The arbitrator awarded Eastern $433,489.42,...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
“Our strategy and disciplined execution have enabled us to contain the rise in claims and achieve a net combined ratio of 73.1% for the year, a level now close to our mid-cycle targets,” Durand said. “Our strong balance sheet allows us, in line with our capital management policy, to propose...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
Post-closing, McMorrow's management team will retain operational control, while Fairfax holds a majority economic interest. Kennedy-Wilson, which manages $31 billion in assets across the US, UK, and Ireland, is expected to delist from the NYSE when the deal closes in Q2 2026. ...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
That resolution, according to the filing, never came. Wildcat alleges that more than a year after it first submitted its claims, First American has not retained counsel, initiated proceedings to clear the liens, negotiated with Capital Fund, or made any payment. Under Section 3 of the policy conditions, a title...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
In his daily work, Mohler regularly encountered ticks and removed them from his body. In late 2022, he began experiencing fatigue and vomiting that worsened over time. When he sought emergency medical treatment in January 2023, he was later diagnosed with alpha-gal syndrome after laboratory testing confirmed a positive alpha-gal...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
Pinion Insurance names US CUO ahead of MGA launch In Bermuda, newly launched Pinion Insurance has named Kyle Selvig (pictured, center) as US chief underwriting officer as it prepares to enter the US program insurance market. Backed by $180 million in capital from Barings, Pinion will initially provide capacity to...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
The launch comes as demand for new data centers and other digital infrastructure accelerates across the US, driven by growth in cloud computing, artificial intelligence workloads, and broader digital transformation efforts. These projects are often capital-intensive, complex, and subject to heightened liability exposures during construction, particularly as facilities scale in...
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Published on: 2026-02-20
Source:
Insurance Business Magazine
The dispute traces back to Syngenta's legacy exposure from its predecessors' manufacture and distribution of paraquat. Syngenta is facing lawsuits alleging that paraquat it manufactured or distributed caused people various forms of harm. In search of coverage, the company filed suit on May 17, 2021, against a broad group of...
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Published on: 2026-02-20
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Insurance Business Magazine
Article 0 Comments A judge agreed with Palantir Technologies Inc. that a trio of former employees likely violated confidentiality and non-solicitation agreements in founding their artificial intelligence startup but stopped short of halting their work at the new company, Percepta. Palantir sued Percepta co-founder and Chief Executive Officer Hirsh Jain...
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Published on: 2026-02-20
Source:
News – Claims Journal
Article 0 Comments The water and power utility that serves the city of Los Angeles must face hundreds of lawsuits faulting its response to the massive 2025 wildfire that leveled one of the city’s premier seaside neighborhoods and caused tens of billions of dollars in damage. In a significant victory...
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Published on: 2026-02-20
Source:
News – Claims Journal
Anthony R. O’Donnell // February 19, 2026 (Image source: Gradient AI.) Gradient AI (Boston) has launched ClaimVector for Workers’ Compensation, an artificial intelligence-powered benchmarking solution designed to help brokers analyze claims performance using real data. Gradient AI says the platform transforms limited claims information into metrics that enable brokers to compare...
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Published on: 2026-02-19
Source:
Insurance Journal
Article 0 Comments The devastating Los Angeles wildfires in 2025 and U.S. insured catastrophe losses of more than $45 billion for the third consecutive year helped push global economic losses from catastrophes to $224 billion, a report from Moody’s shows. In a year with no U.S. hurricane landfalls, catastrophe losses...
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Published on: 2026-02-19
Source:
News – Claims Journal
According to multiple reports, the US has sent dozens of additional aircraft – including F‑16, F‑22 and F‑35 fighter jets – alongside multiple aircraft carriers, creating the capability for a sustained air campaign rather than a limited, one‑off strike. Long‑range bombers such as B‑2s could be launched directly from the...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
Article 0 Comments A fast-moving wildfire on Oklahoma’s panhandle has doubled in size as it presses into Kansas, as firefighters contend with days of dry heat and gusting winds across the Great Plains. The Ranger Road Fire had consumed more than 280,000 acres as of Wednesday evening, nearly 20 times...
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Published on: 2026-02-19
Source:
News – Claims Journal
Elegant Reflections, LLC, a Houston-based contractor doing business as ER Contracting, filed the action against Evanston Insurance Company on February 17 in the US District Court for the Southern District of Texas. The case, which is in its early stages and has not yet been ruled on, puts a spotlight...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
“As clients have become increasingly sophisticated and expect their insurance programs to reflect that, we're seeing greater demand for speed, transparency, and certainty of execution, along with more nuanced program design. That includes mixed E&S and admitted towers, higher retentions, and clearly defined coverage intent,” he said. ...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
Anthony R. O’Donnell // February 19, 2026 (Image credit: Andreas Hundt/Pixabay.) Qumis (Chicago) has raised $4.3 million in an oversubscribed seed round led by MTech Capital, with participation from new strategic investor American Family Ventures and existing investors, bringing total funding to $6.75 million. Dan Schuleman, co-founder and CEO, Qumis. Qumis...
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Published on: 2026-02-19
Source:
Insurance Journal
Anthony R. O’Donnell // February 19, 2026 (Image source: Ultrassure website.) Millennium Insurance (Toronto) has selected Ultrassure (Toronto) to deploy a contract intelligence platform across its operations. Millennium says the platform will introduce artificial intelligence-supported tools into underwriting, claims and legal workflows, enabling teams to analyze policy, program and treaty language as structured,...
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Published on: 2026-02-19
Source:
Insurance Journal
For trainers, that translates into the need for meaningful limits. Mendoza-Reid estimates that a comprehensive package for a high-profile or Olympic-level trainer – including professional liability with a $5 million limit, general liability, workers’ compensation if applicable, inland marine for equipment, commercial auto, and up to a $10 million umbrella...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
NFIP under financial strain The NFIP carries $22.5 billion in debt to the US Treasury, with $7.9 billion in remaining borrowing authority, Congressional Research Service data showed. Over the past 50 years, FEMA collected $60 billion in premiums but paid $96 billion in costs, the Peter G. Peterson Foundation reported,...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
A persistent protection gap Despite improved availability, household penetration in Missouri has been on a decade-long slide. In 2014, 18.3% of homeowners carried earthquake insurance, a figure that dropped to 10.4% by 2024, the DCI reported. Fewer than 20% of residents in 101 of the state's 115 counties currently hold...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
In an earlier notice, the Superintendent of the Maine Bureau of Insurance, within the Department of Professional and Financial Regulation, proposed to repeal Rule 160: “Eligible Surplus Lines Insurers Summary Requirements for Eligibility Status to Transact ‘Export Lines’ of Insurance Regarding Risks Resident Located or to be Performed in Maine.”...
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Published on: 2026-02-19
Source:
Insurance Business Magazine
The revised Insurance Bulletin 206 is dated February 12, 2026, and signed by Commissioner Kaj Samsom on February 17, 2026, but does not specify an effective date for the updated guidance. The Department of Financial Regulation reiterates that under Title 8 V.S.A. Section 4724(9)(D) insurers must conduct a reasonable claims...
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Published on: 2026-02-19
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Insurance Business Magazine
Article 0 Comments The Catholic Diocese of Camden, New Jersey and several holdout insurers have agreed to add $180 million to a trust fund to pay claims of survivors of sexual abuse by the church’s clergy. The $180 million is in addition to a settlement of $87.5 million between the...
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Published on: 2026-02-19
Source:
News – Claims Journal
The move comes as agencies continue to broaden their technology stacks. One recent overview of independent agencies found that 93% now use an AMS, 70% use a CRM and about 65% have moved policy administration to the cloud, with increasing investment in AI‑based tools for quoting and service. Applied has...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
Article 0 Comments The Travelers Companies announced the launch of AI Claim Assistant, a fully agentic intelligent voice service to handle customer claim calls. The service, developed using OpenAI model capabilities and APIs, uses advanced language and speech recognition technologies, Travelers said, reporting that the capability is initially being used...
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Published on: 2026-02-18
Source:
News – Claims Journal
Red Monkey issued a voluntary recall and nearly four years later sent High Quality Organics a bill. The February 2024 demand letter sought $1,071,888.51 to cover the fallout from the contamination, including customer chargebacks, air freight costs for onion granules, disposal of materials, certified lab testing, on-site audits, untreated material...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
“Gallagher Bassett, fundamentally, is a claims and risk management organization,” Powell said. “When it comes to transforming, we start by measuring what our clients care about, as obvious as that sounds, and then putting innovations in place that actually move the needle on those aspects of claim handling.” ...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
The technology has also improved billing and enrollment processes. After open enrollment, RPA pulls invoices and compares them to benefits enrollment reports, ensuring accuracy and identifying employees inadvertently left off plans. “Processes that were very manual in the past, or not done at all, are now completed in minutes instead...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
As for tornadoes, dictionaries consistently describe them as violent, destructive movements of wind. Some dictionaries, including Collins, explicitly call a tornado a type of windstorm, describing it as a localized, violently destructive windstorm occurring over land. ...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
The Los Angeles-based carrier reported diluted earnings per share of $3.66 for the quarter, compared to $1.82 in Q4 2024. For the full year 2025, Mercury General recorded net income of $541.1 million, or $9.77 per diluted share, against $467.9 million, or $8.45 per diluted share, in 2024. ...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
AI-powered risk analytics Willis's model, powered by datasets from Polecat's platform, processes millions of data points daily across social media, news outlets and regulatory filings globally. The system uses machine learning, natural language processing and predictive analytics to analyze real-time sentiment data, tracking reputational risk signals and emerging trends. ...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
The dispute centers on a commercial general liability policy MUSIC issued to JHG, effective July 15, 2022 through July 15, 2023. JHG began work on a construction project for Fort Vale, Inc. in January 2023, squarely within the policy window. When Fort Vale brought an action against JHG in July...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
For insurance professionals operating in Florida including insurers, brokers, MGAs, underwriters, and compliance teams, the Florida OIR release describes an unlicensed or unauthorized insurance entity as any person or business engaging in the business of insurance without first obtaining necessary licensure or authorization from the Florida OIR, including selling, soliciting,...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
USLI alleges that Retsel, on its own and through its individual members, officers, and stakeholders, failed to sufficiently cooperate with the insurer and with the defense counsel it retained on Retsel's behalf. According to the filing, Retsel made certain filings without the consent of its defense counsel, in conjunction with...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
It sets a new annual filing deadline of February 15 for all new or revised crop hail and supplemental crop product rate and form filings, and revisions to existing filings intended for use in a calendar year, to be submitted to the South Dakota Division of Insurance via SERFF. For...
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Published on: 2026-02-18
Source:
Insurance Business Magazine
Article 0 Comments MSIG USA named Ron Morris chief claims officer. He reports to CEO Peter McKenna. Morrison will oversee the company’s enterprise claims function, with responsibility for claims strategy, operations, technical quality, litigation management and organizational development. Morrison previously held senior claims leadership roles at Great American Insurance Group,...
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Published on: 2026-02-18
Source:
News – Claims Journal
Article 0 Comments A category of insurance risk that hardly existed a little over a decade ago has morphed into a meaningful source of losses for the industry. Claims tied to SRCC—strikes, riots and civil commotion—are emerging as a growing headache for insurers as episodes of unrest increasingly lead to...
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Published on: 2026-02-18
Source:
News – Claims Journal
Article 0 Comments Hybrid work is driving a new class of workers’ compensation risk—one that’s harder to verify, slower to resolve and increasingly costly. Understanding why and what to do about it requires a new approach to data, validation, and proactive risk management. What was once a clearly defined workplace...
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Published on: 2026-02-18
Source:
News – Claims Journal
Asset‑backed securities (ABS), collateralized loan obligations (CLOs) and other structured products increased by 12% year over year. Schedule BA assets, which were largely private equity and hedge fund holdings, rose 9%, while mortgage loans grew 7%. By contrast, more liquid holdings such as investment‑grade corporate bonds, cash and short‑term investments...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
Those concerns intensified in early February, when AI-powered insurance tools began to be deployed more widely. Insurify’s launch of an insurance-focused ChatGPT app, approved by OpenAI and described as a digital “super-agent,” was followed by a sharp sell-off in listed brokers, with Willis Towers Watson, Aon and Arthur J. Gallagher...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
B&W principals Paul Barzd III and Jim Cote, along with their team, will remain in place at the Washington location. The office will be supervised by Jen Tandin, head of Gallagher Select, the broker's US property and casualty operations focused on small businesses and personal insurance. ...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
Curriculum aligned with agency systems Over 60 hours of blended live and on-demand instruction, participants are introduced to core personal lines topics including homeowners, condominium and auto coverages and endorsements, as well as personal umbrella policies. The program also covers Massachusetts Registry of Motor Vehicles procedures, agency operations and workflows,...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
Article 0 Comments Munich Re’s primary insurance unit Ergo aims to cut about 1,000 positions in Germany, partly as a result of its increased use of artificial intelligence. The cuts affect simple and repetitive tasks in telephony and claims processing, a spokesman said on Tuesday. They will take place over...
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Published on: 2026-02-17
Source:
News – Claims Journal
Anthony R. O’Donnell // February 17, 2026 (Image source: Exdion website.) HawkSoft (Canby, Ore.) has partnered with Exdion Insurance (Jersey City, N.J.) to introduce artificial intelligence-driven automation tools for independent insurance agencies operating on the HawkSoft platform. Sandeep Deva, president, Exdion Insurance. The companies say the integration is designed to help agencies mitigate...
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Published on: 2026-02-17
Source:
Insurance Journal
Anthony R. O’Donnell // February 17, 2026 (Image source: Carpe Data homepage.) Carpe Data (Santa Barbara, Calif.) has appointed Glenn Shapiro chairman, board of directors, as the company enters its next phase of development. Glenn Shapiro, Chairman, Carpe Data. Shapiro brings more than three decades of senior claims leadership experience at...
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Published on: 2026-02-17
Source:
Insurance Journal
Anthony R. O’Donnell // February 17, 2026 (Image source: Anthropic.) Infosys Ltd. (Bengaluru, India) has announced a strategic collaboration with Anthropic (San Francisco) to develop enterprise artificial intelligence solutions for companies operating in regulated and complex industries, including insurance and financial services. Salil Parekh, CEO, Infosys. “AI is not just transforming business—it is...
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Published on: 2026-02-17
Source:
Insurance Journal
“The entire marketplace has now shifted, and I think it's really a great thing,” said Nahali. “It has become the norm in private client markets, and even in E&S markets on a monoline basis when we're writing a secondary, a short-term rental, or similar, because there has been significant underwriting...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
The deal is expected to close in the second quarter of 2026, if certain conditions are met. These include approval from shareholders holding a majority of the company’s voting power, approval from a majority of shareholders not connected to the consortium, required regulatory approvals, and the end of any required...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
The case traces back to a December 16, 2021, motor-vehicle accident in which Ashley (Thomas) Perry, insured by USAA with $50,000 per-person liability coverage, was involved in a collision that killed DeAndre Anthony Logan. On September 26, 2023, Emely Gomez, acting as next friend of Logan's minor daughter, sent a...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
The wildfires, which swept through Maui on August 8, 2023, destroyed much of the historic town of Lahaina. The Hawaiian Electric Companies' Substation 34, its warehouse and office, and transmission and distribution infrastructure in the Lahaina area were wiped out. Fire temperatures allegedly exceeded 1,800°F — more than eight times...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
At the heart of the case is a construction site injury at 559 W 164th Street in Manhattan. Martin Garcia, an employee of subcontractor City Lights Construction Corp., alleges he was struck by a falling object on October 31, 2024. He claims injuries to his cervical, thoracic, and lumbar spine,...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
Under identical Solutions Agreements governed by New York law, Blackbaud had agreed to maintain administrative, physical, and technical safeguards, keep commercially reasonable information security procedures and standards in place, have a breach response plan ready, and provide 72-hour notice of any breach. Instead, the insureds alleged, Blackbaud failed to conduct...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
The study, based on responses from 250 carrier and MGA leaders in North America, the UK and Australia, found North American carriers feeling the effects more acutely than many peers, particularly on claims complexity, liability severity and workforce pressure. ...
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Published on: 2026-02-17
Source:
Insurance Business Magazine
Article 0 Comments OpenAI, the maker of the most popular AI chatbot, used to say it aimed to build artificial intelligence that “safely benefits humanity, unconstrained by a need to generate financial return,” mission statement. But the ChatGPT maker seems to no longer have the same emphasis on doing so...
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Published on: 2026-02-17
Source:
News – Claims Journal
“Indexed products - registered index-linked and fixed indexed annuities - represented 45% of total sales in 2025, up from just 24% market share a decade ago,” said Bryan Hodgens (pictured, left), senior vice president and head of LIMRA research. “Expanded capacity, enhanced products, growing distribution and investor demand have propelled sales of...
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Published on: 2026-02-16
Source:
Insurance Business Magazine
“At a high level, we’re continuously evaluating all aspects of the business to identify where the transformation-rich opportunities are,” Moscowitz said. “Right now, our focus is on operational improvements within brokerage and binding authority that either increase revenue or create meaningful efficiency.” ...
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Published on: 2026-02-16
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Insurance Business Magazine
Field adjuster Clayton McGrath initially estimated covered damage to the roof, front elevation, and right elevation at just $1,307.47, falling well short of the $10,705.00 deductible. A joint inspection followed on or around April 30, 2025, involving engineers retained by both sides. Tim Rodriguez, P.E. with Keystone Experts and Engineers,...
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Published on: 2026-02-16
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Insurance Business Magazine
The trouble started in May 2022 when Shirley and Ronald Cooper returned to their Madison, Mississippi home after choir practice to find raw sewage flowing up through their shower and tub drains, flooding two bedrooms, three bathrooms, the kitchen, laundry room, pantry, hallways and garage. They called a plumber, hired...
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Published on: 2026-02-16
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Insurance Business Magazine
At the same time, 95% of employers said they want digital tools for simple or transactional tasks, and a human for sensitive and more complex issues. That suggests strong appetite for self‑service for routine changes, claims status checks and basic inquiries, but a continued expectation that complex disability, leave and...
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Published on: 2026-02-15
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Insurance Business Magazine
For 2025, the Richmond, Va.-based insurer reported net income of $503.6 million, or $21.65 per diluted share, up from $414.8 million, or $17.78 per share, in 2024. Net operating earnings – which exclude changes in the fair value of equities, realized gains and certain credit loss adjustments – rose to...
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Published on: 2026-02-15
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Insurance Business Magazine
Cost and coverage implications for insurers More prescriptive smoke damage standards could raise the cost and scope of remediation following major wildfires. Requirements to test and, in some cases, replace HVAC systems, insulation, soft furnishings and building materials, as well as to meet defined clearance levels before reoccupancy, would likely...
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Published on: 2026-02-15
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Insurance Business Magazine
For insurers, that trend is visible in acquisitions and partnerships around data and analytics, cyber and digital infrastructure, distribution and health tech, as carriers look to support underwriting, pricing, fraud detection, claims and customer engagement. ...
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Published on: 2026-02-15
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Insurance Business Magazine
Anthony R. O’Donnell // February 13, 2026 (Image source: ManageMy.) ManageMy (London and Charlotte, N.C.) has raised $45 million, including $20 million in a Series B round co-led by Ventura Capital and OCVC, to expand its artificial intelligence-driven insurance platform. Stephen Collins, Co-Founder, CEO, ManageMy. The company says the funding will...
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Published on: 2026-02-13
Source:
Insurance Journal
Anthony R. O’Donnell // February 13, 2026 (Moody’s Intelligent Risk Platform and Oasis SaaS integration. Source: Moody’s.) Moody’s (New York) has announced integration between its Intelligent Risk Platform and the newly launched Oasis Software as a Service (Oasis SaaS) platform, expanding access to catastrophe models within a unified modeling environment....
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Published on: 2026-02-13
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Insurance Journal
While the insurance industry may be grappling with the concept of AI, John Burkhart, of Skyward Specialty, believes it's time to embrace it. He talks about how it is already reshaping distribution and underwriting, while also explaining how his company has embraced the concept. ...
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Published on: 2026-02-13
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Insurance Business Magazine
Andy Lea (pictured), chief insurance officer for professional lines at Embroker, said the most significant shift he sees is structural rather than theoretical. “With exposures increasing, threat actors increasing, threat vectors and exposures increasing, businesses need more limit to be adequately protected,” he said. “They certainly need the latest policy...
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Published on: 2026-02-13
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Insurance Business Magazine
The dispute traces back to April 14, 2023, when Noe Diaz Gamez, an employee of Elite Roofing Services, was allegedly killed while performing roofing work at an elevation. His estate later sued Allied Maker LLC and Charlie & Sidney, LLC, among others, in Nassau County Supreme Court, citing negligence and...
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Published on: 2026-02-13
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Insurance Business Magazine
Senate Bill 5928 would require insurance companies, when they use third-party wildfire risk scores in home insurance, to disclose the wildfire risk scores, explain the factors behind the score, and provide plain-language steps consumers can take to improve their score. It would also allow property owners to appeal decisions where...
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Published on: 2026-02-13
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Insurance Business Magazine
Sean and Erika Sherwood are suing Farmers' & Mechanics' Mutual Insurance Company in federal court, alleging the insurer manufactured a cause of loss to trigger a vacancy exclusion and avoid paying out on a legitimate claim. The suit, filed on February 11, 2026, in the United States District Court for...
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Published on: 2026-02-13
Source:
Insurance Business Magazine