Today's Insurance News
Automatic updating insurance news with the latest trends and ideas in the insurance industry.
Flooding Inundates North Georgia but Few Had Flood Coverage, Agents Say
Posted on Friday November 06, 2026
Insurance agents in north Georgia are reporting widespread damage after record flooding hit the area Thursday, Nov. 5. “It’s devastating. I have cried and prayed and cried and prayed,” said an agent who answered the phone at Appalachian Insurance Services …
Blackstone, Aon Set Up Lloyd’s Vehicle in Latest Insurance Push
Posted on Friday November 06, 2026
Blackstone Inc. has set up a Lloyd’s of London syndicate with broker Aon Plc, as the world’s largest alternative asset manager muscles further into the insurance sector. Called Cortina, the syndicate will provide capital to back reinsurance contracts, according to …
California Homes Face Shutoffs as Santa Anas Raise Fire Risks
Posted on Friday November 06, 2026
Thousands of homes and businesses north of Los Angeles face the risk of potential power cuts over the next two days as weak to moderate Santa Ana winds bring dangerous fire weather conditions. Southern California Edison is considering shutting off …
Texas Hemp Industry Sees Opening After Democrats Sweep Election
Posted on Friday November 06, 2026
Lt. Gov. Dan Patrick has led a crusade against THC products over the past few years, eventually leading to state officials banning several hemp-derived cannabis products, including popular items like smokeable vapes and joints. “I’m not going to legalize marijuana …
AM Best Revises Outlook to Positive of Excess Reinsurance Underwriters
Posted on Friday November 06, 2026
AM Best has revised the outlook to positive from stable of Excess Reinsurance Underwriters Inc. in Woodbury, New Jersey. Excess Re is a managing general underwriter specializing in medical stop loss insurance for a variety of entities across 50 states. …
Two Dead at Tampa Office After Man Drove Car into Building and Started Shooting
Posted on Friday November 06, 2026
A gunman plowed a car into a courtyard on Citibank’s sprawling Tampa business campus on Wednesday and opened fire with a rifle, killing a woman before a security guard fatally shot him, authorities said. The Hillsborough County Sheriff’s Office did …
People Moves: MEMIC Promotes Delcourt; Mather Joins Alliant
Posted on Friday November 06, 2026
MEMIC Promotes Delcourt to Regional Vice President The MEMIC Group, headquartered in Portland, Maine, promoted Ben Delcourt to regional vice president, underwriting. He will lead MEMIC’s Maine underwriting team and collaborate with the company’s independent agency partners across the state. …
New Florida Property-Tax Cut May Bring an Unwanted Side Effect
Posted on Friday November 06, 2026
Florida’s newly approved property-tax cut is designed to make homes more affordable. But it could also push up another punishing cost of homeownership: insurance. Homes in the Sunshine State are already among the most costly to insure in the US …
Insurance AI’s Next Test: Can Carriers Trust the Data?
Posted on Friday November 06, 2026
Insurance companies are beginning to look toward the next phase of AI adoption with agentic AI and automation, according to Chris Newman, CEO of ACORD Solutions Group, at this year’s InsurTech Connect conference in Las Vegas. However, as AI moves …
Archdiocese of NY Finalizes $800M Fund for Sex Abuse Survivors; Avoids Bankruptcy
Posted on Friday November 06, 2026
The Archdiocese of New York has finalized an $800 million settlement to resolve more than 1,300 outstanding claims of sexual abuse by clergy filed under the state’s Child Victim’s Act (CVA) and other laws. “As of today, November 5, 2026, …
Aircraft Bomb Threats Persist in Europe, Causing More Diversions
Posted on Friday November 06, 2026
Sporadic bomb threats continued to disrupt multiple flights across Europe on Friday, capping a week of unusual alerts that have put the aviation industry on guard and raised alarm with authorities. Flights operated by Ryanair Holdings Plc, Wizz Air Holdings …
Nordea Bank Risks Almost $1 Billion Fine in Denmark Money Laundering Case
Posted on Friday November 06, 2026
Nordea Bank Abp is facing a potential 6.6 billion-krone ($988 million) penalty as a Danish court prepares to rule in a case over failures to prevent money laundering that go back more than a decade. The case marks the first …
French Bank Credit Mutuel Arkea Says €100 Million Missing After Cyberattack
Posted on Friday November 06, 2026
French lender Credit Mutuel Arkea said on Thursday hackers had stolen around €100 million ($112.61 million) in a cyber heist and it was working to try to recover the money, in a rare case of cybercriminals successfully stealing from a …
Man Group Found Liable by Judge for ‘Breathtaking’ Kuwaiti Bribery
Posted on Friday November 06, 2026
Man Group Plc’s shares fell after a judge ruled it could have to pay around $155 million for its role in “corruption on a breathtaking scale” that siphoned $1 billion from a Kuwaiti state-run pension fund over decades. The world’s …
Binance $6.3 Billion Heist to Prompt Closer Scrutiny by Insurers
Posted on Friday November 06, 2026
Last week’s $6.3 billion Binance heist is prompting insurers to scrutinize crypto companies’ security more closely, with underwriters expected to probe if clients are vulnerable to a similar attack when they seek new coverage or renew existing policies, industry insiders …