European Insurers Cap Riot Coverage as Losses Hit Billions
European insurers are capping riot coverage as French protest losses near €1.2 billion, with SRCC risk now treated like a natural catastrophe across the industry.
Topic
Insurance
Topic
Insurance
Alliant, Island Insurance, EverPeak Fill Senior Roles in One Week
Alliant names Shaun Shenouda COO and AI transformation officer; Island Insurance hires Michelle Cheung as VP; EverPeak appoints P…
A $1,000 Error: Why Insurers Must Train Staff to Audit AI Drafts
An AI draft promised a $1,000 deductible and an $18,000 check. The policy said $5,000 and no claim was approved. A 20-minute dril…
Berkshire's revenue rises 11%, but earnings fall 28%
Berkshire Hathaway posted $105.6 billion in Q3 2026 revenue, up 11.2%, but net earnings fell 28.2% to $22.1 billion as insurance…
Roofing Manufacturers Attack IBHS 15-Year Roof Age Limit
A Jan. 1, 2027 IBHS rule bars roofs older than 15 years from Fortified re-certification. Asphalt shingle makers call the underlyi…
Six Business Risk Signals Across Fraud, Climate and Trade
Texas data centers could reverse much air-quality gains by decade's end as fraud, quake coverage, mobile-home insurance, coastal…
Berkshire’s $9.6 Billion Buyback Comes With a 5.8% Earnings Drop
Berkshire spent $9.6 billion on third-quarter buybacks, but insurance underwriting profit fell 43%, exposing pressure on Greg Abe…
MEMIC Promotes Ben Delcourt to Regional VP; Alliant Hires Tom Mather
MEMIC promoted 14-year veteran Ben Delcourt to regional VP of underwriting, succeeding Catherine Duranceau, who retires January 2…
Kalepa Raises $75M for AI Agents Across Insurance Operations
Kalepa raised $75 million at a $470 million valuation as revenue and customers tripled and AI-agent workloads across underwriting…
AM Best Upgrades Illinois Casualty and Lebanon Valley to A
AM Best upgraded Illinois Casualty and Lebanon Valley to A (Excellent), citing the pooling agreement between TW, LV and IC effect…
Allstate Targets Early 2027 for Personal AI Assistant
CEO Tom Wilson says Allstate’s personal agentic assistant could arrive early in 2027, powered by ALLIE, aimed at machine-assisted…