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Erie and Philadelphia Insurance Still Working on Restoring Their Networks
Erie Insurance says it is making “steady progress” in its efforts to restore its computer systems that have been down since its information security team detected unusual activity on June 7. “Our teams—working alongside leading cybersecurity experts—continue working around the …
POSTED JUNE 16, 2025 11:43 AM |
Deadly Air India Crash Will Harden Aviation Reinsurance Market: GlobalData
The fatal crash of Air India flight AI171 on June 12, 2025 is expected to send ripple effects across the global aviation insurance market, significantly affecting insurers and reinsurers in India and globally, according to GlobalData, the London-based data and …
POSTED JUNE 16, 2025 11:23 AM |
Markets/Coverages: Marsh Launches €1B Facility for Data Center Construction Projects
Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of Nimbus, a new insurance facility providing clients with comprehensive cover for the construction of large-scale data centers across the UK and Europe. The facility – supported by a …
POSTED JUNE 16, 2025 9:15 AM |
Finland Accuses Crew of Russia-Linked Ship in Damage of Baltic Undersea Power Cable
Finnish authorities have accused senior officers of a Russia-linked vessel that damaged undersea cables last year between Finland and Estonia of criminal offenses related to the wreckage. They say the oil tanker, the Eagle S, dragged its anchor to damage …
POSTED JUNE 16, 2025 8:55 AM |
Ship Signal Jamming in Persian Gulf Worsens as Conflict Widens
Navigation signals from more than 900 vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, creating confusion in the shipping chokepoint as the fighting between Iran and Israel intensified. Starboard Maritime Intelligence and Bloomberg …
POSTED JUNE 16, 2025 8:37 AM |
Premium Insurance Demand Rises With Global Travel Disruptions
With flight cancellations, delays and other disruptions on the rise, leisure travelers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory services to limit risk. Since 2019, travel disruptions …
POSTED JUNE 16, 2025 8:07 AM |
Satanic Temple Accuses Iowa Officials of Religious Discrimination
The Satanic Temple Iowa on Tuesday filed a complaint accusing state officials of discriminating against the group because of its members’ religion, having denied them access to the state Capitol building for a December holiday display and event. The group’s …
POSTED JUNE 16, 2025 8:00 AM |
Carrier Management to Host ‘Demo Day’ for Homeowners Insurers June 18
Carrier Management is hosting the second event in a series of free “Demo Days”, designed to allow home insurers to experience rapid fire demos of cutting-edge risk tools. The latest online event offers insurance professionals risk assessment, prevention and intelligence …
POSTED JUNE 16, 2025 5:38 AM |
Federal Court Blocks CFPB Move to Scrap Racial Discrimination Settlement
A federal judge in Chicago on Thursday refused to allow the U.S. Consumer Financial Protection Bureau to vacate a racial discrimination settlement reached last year with a mortgage lender, finding there was no basis for granting an extraordinary request. The …
POSTED JUNE 16, 2025 5:18 AM |
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto
The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. However, it’s a winding road, according to the 2025 annual LexisNexis …
POSTED JUNE 16, 2025 5:04 AM |
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