Apollo Global reveals data breach after hackers target financial firms
Asset manager Apollo Global Management suffered a data breach last month in which hackers stole some personal information, according to a letter on Friday.
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Bill would expand radiation exposure compensation program
A bipartisan group of federal lawmakers has introduced legislation that would significantly expand eligibility and benefits under the Radiation Exposure Compensation Act, including increasing certain payments to $150,000 and extending the program for 15 years.
Calif. bill would allow naturopathic doctors to treat injured workers
California lawmakers are considering legislation that would allow naturopathic doctors to provide medical services within the state’s workers compensation system.
AI takes the witness stand — sort of
The first rule of using artificial intelligence in litigation may be the same as the old rule for email: Don’t type anything you wouldn’t want read aloud in court.
Utah high court revives Olive Garden worker’s comp claim
The Utah Supreme Court on Thursday unanimously revived a workers compensation claim filed by an Olive Garden manager, ruling the restaurant’s owner waived a defense that the worker failed to timely report his injuries because it did not seek dismissal on that basis.
New Mexico court limits death benefits for firefighter’s widow
A New Mexico appeals court ruled Wednesday that a firefighter’s widow is entitled to occupational disease death benefits but limited the award because state law caps combined disability and death benefits at 700 weeks.
Conduit names former Aspen exec COO
Conduit Holdings, the parent company of Bermuda-based reinsurer Conduit Re, on Friday named former Aspen executive Anthony Mongiello chief operating officer.
CK Hutchison files $1.5B Panama claim
Hong Kong-based CK Hutchison Holdings Ltd. has launched international arbitration proceedings against Panama, seeking more than $1.5 billion in damages for allegedly breaching an investment protection treaty involving the concession contract for the ports of Balboa and Cristóbal, Channels News Asia reports, citing Reuters. The conglomerate has been embroiled in a diplomatic dispute since U.S. […]
Ping An’s net income jumps 36%
Ping An Insurance (Group) Company of China Ltd. recorded a 36% year-on-year surge in first-half net profit to 92.6 billion Chinese yuan ($12.9 billion), Reinsurance News reported. Total revenues rose 12% to CNY615.3 billion, while property and casualty premium income grew 4% to CNY178.7 billion.
Evergrande founder sentenced to life, firms fined $2.4B
China Evergrande Group founder Hui Ka Yan has been sentenced to life in prison, while his companies were fined a combined 15.8 billion Chinese yuan ($2.4 billion), after he and Evergrande were found guilty of fraudulently issuing securities, violating information disclosure rules and bribery, Financial Post reports, citing Bloomberg. Evergrande is now in liquidation, with […]
IAG New Zealand posts lower profit
IAG New Zealand Ltd.’s insurance profit fell 23% year on year to 467 million Australian dollars ($332 million) for the fiscal year ended June 30, Asia Insurance Review reported. Gross written premium declined 8% to AUD3.5 billion, due to a softer commercial insurance market and a weakened New Zealand dollar.
Lower cat losses lift Bermuda reinsurers’ results
The seven Bermuda reinsurers tracked by Fitch Ratings recorded an aggregate combined ratio of 85% in the first half of 2026, improving from 90% a year earlier due to lower catastrophe losses, Reinsurance News reported. All seven posted underwriting profits during the period, although aggregate net premiums written fell 9% as ample capacity and strong […]
Iran war deepens EU gas supply crunch
The European Union’s target of filling gas storage to 90% before winter is now effectively out of reach, as Gulf liquefied natural gas exports are increasingly diverted to Asia amid supply crunches stemming from the war against Iran and the closure of the Strait of Hormuz, according to Norway-based energy market intelligence company Montel AS, […]
The BI Top 10 for the week of Aug. 17, 2026
Stories about executive changes at Aon and brokerage poaching disputes were among the most-read items on the Business Insurance website this week.
QBE eyes growth in data center insurance
Australia-headquartered QBE Insurance Group Ltd. plans to expand coverage for clients in the global data center sector by developing a multi-product offering that addresses the entire data life cycle and businesses’ broader risk landscape, Insurance News reported. The move follows the company’s reduced exposure to standalone property in recent years.
AIG appoints China chief
American International Group Inc. has appointed Lisa Sun as Hong Kong chief executive and president of Mainland China, Hong Kong and Macau, (Re)in Asia reported Sun rejoined the firm in 2018 and has served as China chief executive and regional president. She previously worked at U.S.-headquartered Mercer LLC, where she was chief executive for Hong […]
2026 Business Insurance US Insurance Awards
The U.S. Insurance Awards recognize organizations and individuals whose work is advancing commercial insurance and risk management.
Business Insurance Lifetime Achievement Award: Danielle Lisenbey
Danielle Lisenbey had already become the first woman on Crawford’s global executive management team when an ordinary boardroom routine gave her a striking reminder of what being “the first” could mean.
Florida reforms alter legal landscape
Florida’s insurance crisis is receding. Fraud and frivolous lawsuits are declining, insurers are returning to the state, and commercial and residential property and personal auto insurance premiums are plunging.
Parametric insurance grows with better data
Advances in technology and access to reliable independent data are expanding the use of parametric insurance to cover a broader range of operational disruptions and catastrophe risks.
Accurate job descriptions aid return to work
A Tennessee workers compensation case has put a spotlight on a longstanding problem claims professionals say has frustrated employers, insurers and injured workers for decades: Treating physicians often make return-to-work decisions without fully understanding what an employee actually does on the job.
Surge in cumulative trauma claims increases medical-legal costs, litigation
Rapid growth in cumulative trauma claims in California is intensifying a long-running dispute over how quickly insurers and employers reject the claims, and whether those early denials are pushing more injured workers toward litigation.
Data centers spur power generation demand
Demand for power, particularly electricity, has spurred new construction and plans for a substantial expansion of U.S power generation capacity.
Global reinsurers demonstrate robust financial strength — and they need to
The reinsurers in BI’s global reinsurance list reflect a customized interpretation of S&P Global Ratings’ 2025 list of the Top 40 global reinsurers.
View from the top: Christina Montes De Oca, Coface North America
Christina Montes De Oca became CEO of Coface North America in September 2025 after serving as U.S. trade credit practice leader at Marsh.
Perspectives: Managing cyber risk during times of organizational change
Cyber incidents often surface during periods of change. An acquisition closes, a new vendor is onboarded, systems are connected for the first time. During those moments, security controls, business processes and accountability do not always line up.