Two for One
Non‑admitted insurers are merging parametric triggers with traditional indemnity policies, erasing the long‑standing divide between actuarial underwriting and data‑science driven solutions. Historically, indemnity relied on loss‑adjusters while parametrics depended on real‑time data and capital‑market structures, creating operational silos. Today, carriers are integrating these skill sets to offer unified risk‑management products. The shift promises faster claim settlements and more comprehensive coverage for policyholders.
NY Archdiocese Can Depose Chubb CEO Greenberg in Clergy Abuse Claims Case
The New York Archdiocese won a court order allowing it to depose Chubb Insurance CEO Evan Greenberg in its lawsuit over liability coverage for clergy‑sex‑abuse claims. A special referee rejected Chubb’s bid to block the testimony, citing New York’s broad...
U.S. P/C Insurers Post Biggest Q1 Underwriting Profit in 25 Years
U.S. property‑casualty insurers recorded a combined ratio of 89.5 in Q1 2026, the strongest underwriting performance in at least 25 years. After accounting for policyholder dividends the ratio was 91.9, still a record since 2006, translating into roughly $22.1 billion of underwriting gains....
Success Factors in Digital Underwriting
Underwriting leaders now face a crowded vendor landscape offering workbenches, AI extraction, and workflow platforms, but most solutions share the same cloud‑based components. The decisive factor is not the technology itself but how well the implementation aligns with an insurer’s...
Automation Theater: Why Carrier AI Investments Aren’t Showing Up in the P&L
Insurance carriers have poured money into AI labs, pilots and vendor demos, yet most see little measurable profit. Analysts argue the root cause is deploying AI on legacy operating models that were never redesigned for digital workflows. When AI simply...
Despite Dip in Cargo Theft in Q1 This Year, Sharp Increase in Fraud Schemes Seen
The first‑quarter 2026 U.S. cargo theft report shows a 25% drop in incidents to 574, marking the first year‑over‑year decline in five years. However, fraud‑based schemes, especially deceptive pickup, surged 31% and new product targets emerged. Auto and parts theft...
FLASH Weather AI Launches Hail Prediction Model
FLASH Weather AI introduced a 1‑Hour Hail Swath Prediction Model, a deep‑learning system delivering hail size and arrival forecasts at 1‑km resolution, refreshed every five minutes, up to 55 minutes ahead. Trained on four years of U.S. convective‑storm data, the...
WBN Survey: Global Business Leaders Shift Risk Strategy With Insurance
Global executives are shifting from traditional risk mitigation to a risk‑led strategy, treating insurance as a strategic asset rather than a cost. Worldwide Broker Network’s Risk Reality Report, based on 1,750 C‑suite leaders across six countries, shows 45% rank risk...
Executive Viewpoint: One AI Won’t Save You
The property‑casualty insurance sector has made AI a top strategic priority for three years, yet operational results remain minimal. Only 7% of carriers have scaled AI beyond pilot projects, and just 4% have deployed generative AI enterprise‑wide despite 78% using...
How Your ORSA Can Be Retooled for a Competitive Advantage
Carrier executives often view the Own Risk Solvency Assessment (ORSA) as a compliance burden, but when executed well it can become a strategic asset. Scenario analysis embedded in the ORSA report lets leaders spot risks before they materialize, while clear,...
‘Designed To Last’: American Family Launches Reality Competition Series on Hul
American Family Insurance launched “Designed To Last,” a four‑episode reality competition on Hulu that debuted May 5. The series teams architects, engineers and inventors to redesign tiny homes to survive wind, water, snow/ice and fire threats. Hosted by Maria Menounos and...
Register: Risky Future AI Tools for Homeowners Data ‘Demo Day’ on May 13
Insurance Journal’s Risky Future series is hosting a free “AI Tools for Homeowners Data” Demo Day on May 13, 2026, at 1 p.m. ET. The online event will showcase AI‑driven property‑data platforms from Home Factors and Eagleview, focusing on underwriting, catastrophe modeling,...
Up to 7M Cars Have Unfixed Backup Camera Recalls: CARFAX
CARFAX data shows nearly 7 million U.S. vehicles still have open recalls for backup‑camera systems, a rise of more than one million since the start of 2026. Faults range from blank screens and frozen images to intermittent failures, with Tesla alone...
Blocked AI-Enabled Cyber Hack Could Have Led to Mass Event: Google
Google’s Threat Intelligence Group disclosed that a sophisticated cybercrime group leveraged artificial intelligence to uncover a previously unknown flaw in a popular open‑source system‑administration tool. The AI‑driven exploit was intercepted before it could be deployed in a mass‑scale attack, marking...
Platform Breach Downs Nearly 9,000 Colleges, Universities in the U.S.
Nearly 9,000 U.S. colleges and universities experienced a Canvas outage after the criminal group ShinyHunters claimed to have stolen user data. The attackers demanded a ransom by May 12, threatening to publish the information if unpaid. The disruption struck during a...