Aggregator

Hackers stole $6.3 billion from Binance in the world’s biggest crypto heist, putting a spotlight on how cryptocurrency exchanges insure their digital assets against theft and cyberattacks. But insurance protection is far from uniform. Coverage depends on how assets are …

A $2.2 billion underwriting loss in 2025 certainly isn’t anything to celebrate, but when it comes to U.S. commercial auto insurers, there may be a reason to crack a smile. According to a new report from AM Best, the loss …

Markel Group has entered into a reinsurance runoff agreement with Enstar Group, the legacy acquisition specialist that is providing $1.2 billion of adverse development cover for underwriting years 2025 and prior. “[W]e are taking decisive action on legacy exposures,” said …

Opterrix, a proactive risk intelligence and exposure management platform, this week launched Opterrix Portfolio Management, a new AI-powered workflow designed to help insurers gain a better understanding of their entire portfolios and make more informed underwriting and portfolio management decisions. …

A Louisiana man was arrested this week on a charge of insurance fraud for allegedly burning his pickup truck. St. Landry Parish Sheriff’s Deputies arrested Andronicus Edison, 58, of Palmetto after the Louisiana Office of State Fire Marshal’s (SFM) Fire …

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Upland Mutual Insurance, Inc. based in Junction City, Kansas. The outlook of these …

Insurtech Hippo posted net income for the third quarter 2026 of $9 million compared with about $98 million for the period a year ago. The San Jose, California-based insurer said the drop in net income was due to a $91 …

The Environmental Protection Agency’s response to the disastrous 2023 East Palestine train derailment will be investigated after local residents of the small town on the Ohio-Pennsylvania border and Vice President JD Vance pressed for the review. The Inspector General of …

President Donald Trump said Tuesday that his administration is “terminating” a Biden-era rule that aimed to cut planet-warming emissions of methane from oil and gas drilling. Trump said during a campaign rally in Texas that the change would save companies …

King tides have inundated parts of both U.S. coasts, flooding streets and sending seawater into homes and businesses in beach communities in California, Florida and the Carolinas. The tides began with the full moon earlier this week and could cause …

A fire at a national lab in South Carolina that is in a complex where key parts for nuclear bombs were once made triggered an emergency declaration Wednesday that shut down incoming traffic and restricted air and rail service in …

Bayer won a trial over claims by three women that its Roundup weedkiller caused their cancer, while awaiting a broader ruling from a separate court on the company’s $7.25 billion effort to settle other Roundup cases. The trial, which ended …

Japan is facing an intense wave of AI-powered cyberattacks that’s laid bare the vulnerability of one of the world’s largest economies to a new breed of hacking. Dozens of incidents affecting companies from brokerages to delivery firms have made data …

HSBC Holdings Plc is looking to offload credit risk on data center loans to insurers as demand for artificial intelligence-related finance continues to grow. The bank is holding preliminary discussions with insurers about a series of project finance deals, some …

Hackers siphoned off $6.3 billion from crypto exchange Binance in the biggest heist that the digital-asset industry has ever faced, the latest in a slew of security incidents afflicting the financial sector. The world’s largest crypto trading platform suspended withdrawals …

A security breach at Binance involving up to $6.3 billion is the biggest crypto hack on record, raising fresh questions about the industry’s ability to protect digital assets as it seeks to woo traditional finance. The incident at the world’s …

Zillow said on Wednesday it will pay $212.5 million in cash to settle a class action accusing the online real estate marketplace of misleading shareholders about its failed Zillow Offers home-flipping venture. The Seattle-based company did not admit wrongdoing in …

A Greek container ship has sunk after being hit by naval drones off Bulgaria on Wednesday, the Bulgarian government said, in the latest of a series of strikes in the western Black Sea this month that have raised concerns about …

Much of the Miami Beach skyline, on ground that’s just a few feet above sea level, is sinking. But some of the iconic skyscrapers there are sinking at different rates and much of the subsidence is due to non-stop building …

The most prominent glaciers in Colorado thinned dramatically over the past year due to record low mountain snow and record warm temperatures, according to new research. Their shrinking is on par with recent observations of glacier loss across the planet …