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China’s Natural Disaster Losses Hit $30 Billion in First Nine Months of 2026
China recorded 199.36 billion yuan ($29.9 billion) in direct losses from natural disasters in the first nine months of 2026, mainly driven by severe typhoons, flooding and landslides, its Ministry of Emergency Management said on Thursday. The losses were down …
POSTED OCTOBER 22, 2026 1:00 PM |
Insurance M&A Down 27% in Q3 2026: OPTIS
Insurance agency mergers & acquisitions in the third quarter of 2026 were down 27% compared with the same period last year. In its latest report, investment banking and financial consulting firm OPTIS Partners said M&A activity in the U.S. and …
POSTED OCTOBER 22, 2026 12:41 PM |
Millions of Hacking Attempts as Companies, Governments Rush to Patch PHP Flaws
Companies and governments worldwide rushed on Thursday to patch critical flaws in the widely used PHP programming language, as a cybersecurity company reported millions of hacking attempts after the vulnerabilities were disclosed. The push came after governments in Europe and …
POSTED OCTOBER 22, 2026 12:17 PM |
People Moves: ATRI Hires Bellistri From Chubb for Financial Institutions
ATRI Insurance Services LLC hired Kylor Bellistri as assistant vice president, financial institutions. Bellistri brings nearly a decade of insurance industry experience to ATRI. Prior to joining the company, he spent nearly 10 years with Chubb, most recently serving as …
POSTED OCTOBER 22, 2026 12:03 PM |
Delaware Workers’ Compensation Rates to Drop for 10th Year, This Time by 3.9%
Delaware workers’ compensation insurance rates will decrease for the tenth year in a row, effective December 1, 2026. The voluntary market average loss costs will decrease by 3.99%, while the residual market will see an average rate reduction of 4.11%. …
POSTED OCTOBER 22, 2026 11:55 AM |
Money Managers Say There’s Nowhere to Hide as Super El Niño Forms
The prospect of the world’s strongest ever El Niño cycle has a growing number of money managers racing to prepare their portfolios for the disruption they say is coming. The climate phenomenon associated with warming across the equatorial Pacific Ocean …
POSTED OCTOBER 22, 2026 11:54 AM |
Russia Drones Are Already Killing People Within EU Territory
Bulgarian shipbroker Yordan Petrov no longer sends his vessels into the Black Sea, calling the brave few who still do “kamikazes.” Seven commercial ships have been attacked by drones off the coast of Bulgaria and Romania since the start of …
POSTED OCTOBER 22, 2026 11:17 AM |
The Cost of Losing Your Cool: Tallying the Losses of a Supermarket Cyberattack
Insurance and Financial Implications of France‘s Supermarket Refrigeration Cyberattack Keeping things cool is generally a good idea in the supermarket business. When a cyberattack reportedly interferes with refrigeration systems, the consequences can extend well beyond a few melted ice creams. …
POSTED OCTOBER 22, 2026 5:03 AM |
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees
Trident Reciprocal Exchange is one of the new kids on the Florida block. It was launched in 2024 as the long-distressed Florida property insurance market began to thaw following statutory changes that clamped down on spiraling claims lawsuits in the …
POSTED OCTOBER 22, 2026 5:02 AM |
US Urges Fix for Widely Used Software After Critical Alerts
The US government is working to address and stop any potential cybersecurity issues stemming from flaws in PHP, a widely used open-source software, that may impact federal agencies and American critical infrastructure, according to a White House official. The programming …
POSTED OCTOBER 22, 2026 5:02 AM |
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