Verisk Downplays AI Disruption Fears as Quarterly Profit Beats Estimates
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Description: Verisk’s fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of the firm’s proprietary data sets amid concerns around AI-driven disruption to the information services business model. The data analytics firm, which also provided …
Full content: Verisk’s fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of the firm’s proprietary data sets amid concerns around AI-driven disruption to the information services business model. The data analytics firm, which also provided …
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Category: National News
Date: Wed, 18 Feb 2026 17:22:44 +0000
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ITRC: Data-Breach ‘Transparency Is on Life Support’
Author: Chad Hemenway
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Description: An annual report for the Identity Theft Resource Center has found that there were a record 3,322 compromises of data in in the United States 2025, but there has been a significant decline in consumer notifications. According to ITRC’s Annual …
Full content: An annual report for the Identity Theft Resource Center has found that there were a record 3,322 compromises of data in in the United States 2025, but there has been a significant decline in consumer notifications. According to ITRC’s Annual …
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Category: National News
Date: Wed, 18 Feb 2026 17:13:39 +0000
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Inszone Acquires Texas’ Scarbrough, Medlin & Associates
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Description: Inszone Insurance Services announced its expansion in Texas through the acquisition of Scarbrough, Medlin & Associates, Inc., a Dallas-based agency with more than four decades of experience serving commercial property clients. Scarbrough, Medlin & Associates was founded in 1981 by …
Full content: Inszone Insurance Services announced its expansion in Texas through the acquisition of Scarbrough, Medlin & Associates, Inc., a Dallas-based agency with more than four decades of experience serving commercial property clients. Scarbrough, Medlin & Associates was founded in 1981 by …
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Category: Texas / South Central News
Date: Wed, 18 Feb 2026 16:23:33 +0000
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Specialty Program Group Integrates Anova Marine and Logistiq Insurance Solutions
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Description: Specialty Program Group LLC (SPG), an operator of specialty insurance distribution, underwriting, and consulting businesses, announced the acquisition of Logistiq Insurance Solutions and the subsequent integration of Logistiq with Anova Marine Insurance, a firm acquired by Specialty Program Group in …
Full content: Specialty Program Group LLC (SPG), an operator of specialty insurance distribution, underwriting, and consulting businesses, announced the acquisition of Logistiq Insurance Solutions and the subsequent integration of Logistiq with Anova Marine Insurance, a firm acquired by Specialty Program Group in …
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Category: Midwest News
Date: Wed, 18 Feb 2026 16:18:45 +0000
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Ohio Asphalt Companies to Pay $30M to Settle False Claim Act Allegations
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Description: Two asphalt companies have agreed to pay $30 million total to resolve False Claims Act allegations that they submitted fraudulent test results to the Ohio Department of Transportation (ODOT) for federally funded asphalt projects in Ohio. Specifically, Kokosing Materials, Inc. …
Full content: Two asphalt companies have agreed to pay $30 million total to resolve False Claims Act allegations that they submitted fraudulent test results to the Ohio Department of Transportation (ODOT) for federally funded asphalt projects in Ohio. Specifically, Kokosing Materials, Inc. …
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Category: Midwest News
Date: Wed, 18 Feb 2026 16:06:46 +0000
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Luxury Steamer Wreck Found in Lake Michigan After 60-Year Quest
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Description: Searchers have discovered the wreck of a luxury steamer that sank in a Lake Michigan gale in the late 19th century, completing a quest that began almost 60 years ago. Shipwreck World, a group that works to locate shipwrecks around …
Full content: Searchers have discovered the wreck of a luxury steamer that sank in a Lake Michigan gale in the late 19th century, completing a quest that began almost 60 years ago. Shipwreck World, a group that works to locate shipwrecks around …
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Category: Midwest News
Date: Wed, 18 Feb 2026 15:59:37 +0000
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Camden Diocese’s Sex Abuse Claims Fund to Get $180 Million Boost
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Description: 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 …
Full content: 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 …
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Category: East News
Date: Wed, 18 Feb 2026 15:20:10 +0000
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Environmental Groups Challenge Decision to Revoke Basis of Climate Regulations
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Description: A coalition of health and environmental groups sued the Trump administration on Wednesday over its decision to revoke the scientific finding that forms the basis of U.S. climate regulations. The legal challenge filed in the U.S. Court of Appeals for …
Full content: A coalition of health and environmental groups sued the Trump administration on Wednesday over its decision to revoke the scientific finding that forms the basis of U.S. climate regulations. The legal challenge filed in the U.S. Court of Appeals for …
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Category: National News
Date: Wed, 18 Feb 2026 15:04:38 +0000
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Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance
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Description: Florida regulators announced a crackdown on people selling vehicle insurance products without a license. Insurance Commissioner Michael Yaworsky this week ordered American Dream Auto Protect Inc., an auto warranty company, to cease operations because it did not have a license …
Full content: Florida regulators announced a crackdown on people selling vehicle insurance products without a license. Insurance Commissioner Michael Yaworsky this week ordered American Dream Auto Protect Inc., an auto warranty company, to cease operations because it did not have a license …
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Category: Southeast News
Date: Wed, 18 Feb 2026 14:47:20 +0000
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Pinion Insurance Launches With Up to $180 Million Commitment From Barings
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Description: Specialty insurance platform Pinion Insurance announced its launch yesterday. The company will offer insurance capacity for managing general agents (MGAs) across the U.S., U.K. and European markets through a fully integrated innovative proprietary technology platform. Founded by an experienced management …
Full content: Specialty insurance platform Pinion Insurance announced its launch yesterday. The company will offer insurance capacity for managing general agents (MGAs) across the U.S., U.K. and European markets through a fully integrated innovative proprietary technology platform. Founded by an experienced management …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 14:42:56 +0000
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Tesla Avoids California Sales Halt Over Autopilot Marketing
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Description: Tesla Inc. will be allowed to continue selling electric vehicles in California uninterrupted after the company revised what the state had called misleading marketing of driver-assistance technology. The automaker has taken “corrective action” including ending the use of Autopilot branding …
Full content: Tesla Inc. will be allowed to continue selling electric vehicles in California uninterrupted after the company revised what the state had called misleading marketing of driver-assistance technology. The automaker has taken “corrective action” including ending the use of Autopilot branding …
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Category: West News
Date: Wed, 18 Feb 2026 14:40:16 +0000
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Global Insurtech Funding Surges on Record Re/Insurance Investments: Gallagher Re
Author: L.S. Howard
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Description: Investments in global insurtech rose 19.5% during 2025 to US$5.08 billion from US$4.25 billion in FY 2024, marking the first annual increase since 2021, according to Gallagher Re’s Q4 Global Insurtech Report. During the fourth quarter of 2025, global insurtech …
Full content: Investments in global insurtech rose 19.5% during 2025 to US$5.08 billion from US$4.25 billion in FY 2024, marking the first annual increase since 2021, according to Gallagher Re’s Q4 Global Insurtech Report. During the fourth quarter of 2025, global insurtech …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 13:56:24 +0000
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‘We Failed Them:’ MS Senators Call for Improved Disaster Response After Storm
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Description: North Mississippi senators pleaded for an improved disaster response from the state last week as thousands of their constituents still lacked power nearly three weeks after the January winter storm. Sen. Rita Potts Parks, a Republican from Corinth, repeatedly told …
Full content: North Mississippi senators pleaded for an improved disaster response from the state last week as thousands of their constituents still lacked power nearly three weeks after the January winter storm. Sen. Rita Potts Parks, a Republican from Corinth, repeatedly told …
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Category: Southeast News
Date: Wed, 18 Feb 2026 13:41:22 +0000
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Coalition Against Insurance Fraud Announces New Leadership Appointments
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Description: The Coalition Against Insurance Fraud announced new leadership appointments across several of its committees and task forces, reinforcing its commitment to collaboration, innovation, and excellence in fraud prevention. The Coalition’s 14 committees and task forces play a vital role in …
Full content: The Coalition Against Insurance Fraud announced new leadership appointments across several of its committees and task forces, reinforcing its commitment to collaboration, innovation, and excellence in fraud prevention. The Coalition’s 14 committees and task forces play a vital role in …
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Category: National News
Date: Wed, 18 Feb 2026 13:28:41 +0000
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AI Needs Its Own Risk Class: Lockton Re
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Description: The rapid adoption of artificial intelligence by organizations across all industries is changing the commercial risk landscape; it’s time to consider making AI its own risk classification, according to a new report from Lockton Re, in collaboration with Lockton International …
Full content: The rapid adoption of artificial intelligence by organizations across all industries is changing the commercial risk landscape; it’s time to consider making AI its own risk classification, according to a new report from Lockton Re, in collaboration with Lockton International …
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Category: National News
Date: Wed, 18 Feb 2026 13:10:56 +0000
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German Union Files Defamation Complaint Against Tesla Factory Manager
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Description: Germany’s IG Metall has filed a criminal complaint against the manager of Tesla’s factory near Berlin, accusing him of “spreading false allegations,” the union said on Tuesday, in another sign of its souring relations with the U.S. automaker. The union …
Full content: Germany’s IG Metall has filed a criminal complaint against the manager of Tesla’s factory near Berlin, accusing him of “spreading false allegations,” the union said on Tuesday, in another sign of its souring relations with the U.S. automaker. The union …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 10:15:21 +0000
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Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs
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Description: 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 …
Full content: 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 …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 09:34:10 +0000
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Can AI Tell Us How Much to Pay for Art?
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Description: Stephen Smith, 56, a UK-based art collector, has bought prints through MyArtBroker, a sales and management platform for secondary-market prints and editions, since 2024, when he purchased Echo by British abstract artist Bridget Riley for £7,500 ($10,300). He uses the …
Full content: Stephen Smith, 56, a UK-based art collector, has bought prints through MyArtBroker, a sales and management platform for secondary-market prints and editions, since 2024, when he purchased Echo by British abstract artist Bridget Riley for £7,500 ($10,300). He uses the …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 08:57:14 +0000
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Viewpoint: How P/C Carriers Can Win the Next Decade With Tech + Talent
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Description: When I reflect on the state of the Property & Casualty business today, two forces are reshaping the industry faster than any cycle I’ve seen in my career. Increasingly complex risks are driving demand for specialized protection solutions and talent. …
Full content: When I reflect on the state of the Property & Casualty business today, two forces are reshaping the industry faster than any cycle I’ve seen in my career. Increasingly complex risks are driving demand for specialized protection solutions and talent. …
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Category: National News
Date: Wed, 18 Feb 2026 06:22:36 +0000
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France Fines Russia-Linked Oil Tanker in Shadow Fleet Crackdown
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Description: France will release a tanker after hitting it with a multimillion-euro fine for flouting European sanctions on Russian oil, following its seizure in the Mediterranean Sea last month. The Grinch will leave French waters after “paying several millions of euros …
Full content: France will release a tanker after hitting it with a multimillion-euro fine for flouting European sanctions on Russian oil, following its seizure in the Mediterranean Sea last month. The Grinch will leave French waters after “paying several millions of euros …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 06:10:30 +0000
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Asbestos Lawsuits Prompt Vanderbilt Minerals to File Bankruptcy
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Description: Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its …
Full content: Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its …
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Category: National News
Date: Wed, 18 Feb 2026 06:06:57 +0000
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EU Ill-Prepared for Worsening Climate Change, Advisers Say
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Description: The European Union is not prepared for worsening climate change and should urgently step up its investments to protect people and infrastructure from mounting floods, wildfires and severe heatwaves, its independent advisers said on Tuesday. Climate change has made Europe …
Full content: The European Union is not prepared for worsening climate change and should urgently step up its investments to protect people and infrastructure from mounting floods, wildfires and severe heatwaves, its independent advisers said on Tuesday. Climate change has made Europe …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 06:05:54 +0000
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CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer
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Description: Private equity firms EQT AB and Vitruvian Partners are working with advisers as they explore strategic options for their investment in cyber insurer CFC, according to people familiar with the matter. The buyout group has appointed Evercore Inc. and Goldman …
Full content: Private equity firms EQT AB and Vitruvian Partners are working with advisers as they explore strategic options for their investment in cyber insurer CFC, according to people familiar with the matter. The buyout group has appointed Evercore Inc. and Goldman …
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Category: International & Reinsurance News
Date: Wed, 18 Feb 2026 06:03:09 +0000
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Florida Pool Safety Bills Moving to Address Record Number of Drowning Deaths
Author: William Rabb
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Description: The 2026 regular session of the Florida Legislature may not make significant changes to the state’s property insurance statutes. But it could become known as the “water safety” session that approved measures aimed at reducing drowning deaths in the state—bills …
Full content: The 2026 regular session of the Florida Legislature may not make significant changes to the state’s property insurance statutes. But it could become known as the “water safety” session that approved measures aimed at reducing drowning deaths in the state—bills …
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Category: Southeast News
Date: Wed, 18 Feb 2026 06:01:42 +0000
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Judge Says Exxon Mobil Can Sue California AG for Defamation Over Recycling
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Description: A federal judge rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s lawsuit accusing him of defamation in criticizing the oil giant’s advanced plastics recycling initiatives. U.S. District Judge Michael Truncale rejected Bonta’s claim he was immune from …
Full content: A federal judge rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s lawsuit accusing him of defamation in criticizing the oil giant’s advanced plastics recycling initiatives. U.S. District Judge Michael Truncale rejected Bonta’s claim he was immune from …
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Category: West News
Date: Wed, 18 Feb 2026 06:00:42 +0000
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SterlingRisk Acquires Transportation Specialist ASZ International
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Description: Insurance broker SterlingRisk of Woodbury, New York announced the acquisition of ASZ International, Inc., a Westchester County, N.Y. agency specializing in transportation risks. The transaction became effective February 1, 2026. As part of the transaction, ASZ principals Marc Zettl and …
Full content: Insurance broker SterlingRisk of Woodbury, New York announced the acquisition of ASZ International, Inc., a Westchester County, N.Y. agency specializing in transportation risks. The transaction became effective February 1, 2026. As part of the transaction, ASZ principals Marc Zettl and …
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Category: East News
Date: Wed, 18 Feb 2026 06:00:29 +0000
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States Reliant on Colorado River Failed to Meet New Consensus Deadline
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Description: The seven Western states that depend on the Colorado River missed a deadline for the second time Saturday to agree on a plan addressing record drought and water shortages. Arizona Gov. Katie Hobbs, California Gov. Gavin Newsom and Nevada Gov. …
Full content: The seven Western states that depend on the Colorado River missed a deadline for the second time Saturday to agree on a plan addressing record drought and water shortages. Arizona Gov. Katie Hobbs, California Gov. Gavin Newsom and Nevada Gov. …
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Category: West News
Date: Wed, 18 Feb 2026 06:00:23 +0000
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Judge Dismisses Charges Against 3 Officers Accused of Mistreating Prisoner
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Description: A Connecticut judge last Friday dismissed criminal charges against three current and former New Haven police officers who were accused of mistreating prisoner Richard “Randy” Cox after he was paralyzed in the back of a police van in 2022. Judge …
Full content: A Connecticut judge last Friday dismissed criminal charges against three current and former New Haven police officers who were accused of mistreating prisoner Richard “Randy” Cox after he was paralyzed in the back of a police van in 2022. Judge …
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Category: East News
Date: Wed, 18 Feb 2026 06:00:22 +0000
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4 People Die in Small Plane Crash Near Ski Resort
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Description: Four people are dead after a small plane crashed Friday on a mountain near the Colorado ski resort community of Steamboat Springs, authorities said. An Epic E1000, a six-seat turboprop plane, crashed around 12:20 a.m. with four people on board, …
Full content: Four people are dead after a small plane crashed Friday on a mountain near the Colorado ski resort community of Steamboat Springs, authorities said. An Epic E1000, a six-seat turboprop plane, crashed around 12:20 a.m. with four people on board, …
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Category: West News
Date: Wed, 18 Feb 2026 06:00:08 +0000
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Arthur J. Gallagher Acquires Pennsylvania’s B&W Insurance Agency
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Description: Arthur J. Gallagher & Co. announced the acquisition of Washington, Pennsylvania-based B&W Insurance Agency, Inc. Terms of the transaction were not disclosed. B&W Insurance Agency offers personal lines and commercial brokerage services to clients in southwest Pennsylvania. Paul Barzd III, …
Full content: Arthur J. Gallagher & Co. announced the acquisition of Washington, Pennsylvania-based B&W Insurance Agency, Inc. Terms of the transaction were not disclosed. B&W Insurance Agency offers personal lines and commercial brokerage services to clients in southwest Pennsylvania. Paul Barzd III, …
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Category: East News
Date: Wed, 18 Feb 2026 06:00:07 +0000
Local date: Wed, 18 Feb 2026 06:00:07 +0000
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