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This year has seen big changes in how businesses handle cyber risks. As artificial intelligence keeps improving rapidly, companies are finding new ways to work and facing tougher cyberattacks. A recent study by Beazley, involving 3,500 business leaders worldwide, shows that concern about cyber threats is growing. Nearly 30% of those surveyed said cyber risk … Read more

The cost to rebuild Baltimore’s Francis Scott Key Bridge has soared to as much as $5.2 billion, shaking up the insurance industry and highlighting new challenges for those covering major infrastructure projects. The original collapse occurred when the container ship Dali lost power and hit a support pier about 20 months ago. Initially, estimates for … Read more

Louisiana authorities have agreed to pay $9 million to Clifton “Scotty” Dilley, who was left partially paralyzed after a state trooper shot him during a traffic stop in Baton Rouge in 2018. Dilley, only 19 at the time, was struck in the back, and the trooper initially claimed the injury was from a Taser. The … Read more

Two workers lost their lives and at least ten others were hurt in a powerful explosion and fire at U.S. Steel’s Clairton Coke Works plant in Pennsylvania on Monday. The accident happened at the facility located about 15 miles from Pittsburgh, which is the largest coke-making plant in North America. The U.S. Chemical Safety and … Read more

The Austin Association of Insurance Professionals (AAIP) gathered on June 20th at The Oasis on Lake Travis in Austin, Texas, for their annual installation dinner. The event marked the introduction of the group’s new leadership team for 2025 and 2026. Meghan Welte, the current AAIP President, hosted the evening. Newly installed as President is Abigail … Read more

Scott Polkinghorne from Augment Risk recently shared his thoughts on how the insurance market is becoming more specialized and what that means for businesses. In a new video interview, he explained that as the insurance world focuses more on niche areas, new chances to grow and succeed are opening up. Polkinghorne pointed out that specialization … Read more

Polish officials have launched a broad investigation after an explosive device damaged a key east–west railway line over the weekend. The incident has raised fresh worries about the stability of Europe’s logistics network amid the ongoing conflict in Ukraine. Authorities in Warsaw are treating the event as a deliberate attack aimed at disrupting a vital … Read more

David Richardson has stepped down as the acting head of the Federal Emergency Management Agency (FEMA) after only six months on the job. His sudden resignation comes amid growing frustration inside the agency and public criticism, with FEMA facing a critical moment in its role responding to disasters across the country. Richardson took over as … Read more

Coterie Insurance, based in Appleton, Wisconsin, has added two new leaders to its team: Mike Albert as chief technology officer and Allan Egbert as chief platform officer. Both bring years of experience and a history of working closely together. Albert and Egbert co-founded Ask Kodiak, a company they started before it was bought by Applied … Read more

Two workers died Thursday after their helicopter crashed into power lines, hit a barge, and caught fire near East Alton, Illinois, just north of St. Louis along the Mississippi River. The crash sent thick black smoke into the sky and led to several explosions, witnesses said. The helicopter crew was performing repairs on powerline tower … Read more