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Insurer Rewards Can Boost Climate Resilience Spending, Aon Says
Insurers can drive improvements in climate resilience by rewarding companies that invest to protect their businesses, rather than simply penalizing risky assets with higher premiums, according to a senior executive at Aon Plc. “Our role as an intermediary is to …
POSTED JULY 22, 2026 3:56 PM |
OpenAI Models Hacked Another Company’s Systems by Mistake
OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an “unprecedented” incident that prompted fresh calls for curbs on the technology. The ChatGPT-maker said in a blog post Tuesday that the models broke into Hugging Face’s …
POSTED JULY 22, 2026 3:25 PM |
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property
Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared …
POSTED JULY 22, 2026 2:55 PM |
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show
At the height of the Florida property insurance crisis in the early 2020s, one statistic seemed to galvanize the movement for reforming the state’s insurance claims litigation statutes: Floridians had produced about 9% of all homeowners’ claims in the U.S. …
POSTED JULY 22, 2026 2:52 PM |
Google Expands in Miami After Its Billionaire Founders Buy Homes
Alphabet Inc. has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area. Google’s parent company signed a lease this spring to expand to about 45,000 square …
POSTED JULY 22, 2026 2:02 PM |
UK Lawmaker Lucy Rigby Appointed City Minister in Charge of Financial Services
New Prime Minister Andy Burnham appointed Lucy Rigby as Britain’s City Minister on Tuesday, putting her in charge of overseeing the country’s financial services sector. Rigby was in that role under Keir Starmer’s government between September last year and May …
POSTED JULY 22, 2026 1:49 PM |
Insurance M&A Pace Down 15% in First Half 2026: OPTIS
Insurance agency mergers & acquisitions in the first six months of 2026 were down 15% compared with the same period last year. As it did in its first-quarter report, investment banking and financial consulting firm OPTIS Partners said a downward …
POSTED JULY 22, 2026 1:43 PM |
Luxury Homes Are Raising Risks for California FAIR Plan
As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …
POSTED JULY 22, 2026 1:19 PM |
Insurers Must Defend Hotels Accused of Sex Trafficking of Minors
Insurance companies cannot invoke “overriding public policy” in order to refuse to defend insured hotel owners and managers accused of enabling and profiting off of sex trafficking of minors, even though the state has criminalized such trafficking. “[N]either an insurer’s …
POSTED JULY 22, 2026 12:44 PM |
Chicken Back on Menu as Cyber-Hit Nichirei Restores Operations in Japan
Tokyo-based food producer and distributor Nichirei Corp. says it will fully resume operations this week after a cyber attack disrupted its food delivery services, affecting clients nationwide including Kentucky Fried Chicken Japan. Shipments of frozen food handled by Nichirei’s logistics …
POSTED JULY 22, 2026 12:43 PM |
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