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Archive: June 2026

US House Passes Bill to Extend Federal Terrorism Backstop Through 2034
Insurance Journal | June 30, 2026
US House Passes Bill to Extend Federal Terrorism Backstop Through 2034
The U.S. House of Representatives has overwhelmingly passed legislation to extend the public-private partnership to insure terrorism risk though 2034. The TRIA Program Reauthorization Act of 2026 (HR 7128), sponsored by Mike Flood, R-Neb., passed by a vote of vote …
Cyberattacks Are Growing Threat to SMEs – but Insurance Protection Is Low: GlobalData
Insurance Journal | June 30, 2026
Cyberattacks Are Growing Threat to SMEs – but Insurance Protection Is Low: GlobalData
Cyberattacks are becoming an increasingly significant threat to small and medium enterprises (SMEs), yet insurance adoption remains disproportionately low, according to GlobalData, the London-based data and analytics company. Limited awareness of cyber risks, affordability challenges, and evolving threat landscapes continue …
Report: $2.9B in Claims Paid in Missouri After Severe 2025 Season
Insurance Journal | June 30, 2026
Report: $2.9B in Claims Paid in Missouri After Severe 2025 Season
The Missouri Department of Commerce and Insurance reported that more than $2.9 billion in claims have been paid statewide one year after the catastrophic events of the 2025 severe weather season. DCI this month reported on incurred losses and paid …
Postal Worker Stole Workers’ Compensation Checks Sent to Girlfriend’s Mother
Insurance Journal | June 30, 2026
Postal Worker Stole Workers’ Compensation Checks Sent to Girlfriend’s Mother
A U.S. Postal Service (USPS) employee has been sentenced on charges that he defrauded the New York workers’ compensation system of nearly $10,000 by stealing wage reimbursement checks intended for his then-girlfriend’s deceased mother. New York State Workers’ Compensation Fraud …
New Law Could Create List of Immigrants Illegally Living in Mississippi
Insurance Journal | June 30, 2026
New Law Could Create List of Immigrants Illegally Living in Mississippi
A new Mississippi law will authorize the state’s top law enforcement agency to compile a list of all immigrants illegally living in the state. What’s to be done with that information is a bit open-ended. But the law set to …
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio
Insurance Journal | June 30, 2026
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio
The U.S. cyber insurance market may be facing a time of transition as certain signs point to eventual adverse development. According to AM Best, the market’s loss ratio in 2025 increased for the second straight year to 53—the first time …
Supreme Court: Rastafari Can’t Sue Louisiana Prison Officials Who Cut Dreadlocks
Insurance Journal | June 30, 2026
Supreme Court: Rastafari Can’t Sue Louisiana Prison Officials Who Cut Dreadlocks
The Supreme Court barred a former Louisiana inmate from suing prison officials who cut off his dreadlocks in violation of his Rastafari religious beliefs. The justices condemned what happened to the former inmate, Damon Landor. But they ruled that a …
Amazon Sued by Australian Consumer Watchdog Over Prime Video Ads
Insurance Journal | June 30, 2026
Amazon Sued by Australian Consumer Watchdog Over Prime Video Ads
Amazon.com Inc. has been sued by Australia’s consumer watchdog for introducing advertising to its Prime Video streaming service and then forcing existing subscribers to pay more to avoid the ads. The Australian Competition & Consumer Commission said Tuesday it has …
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test
Insurance Journal | June 30, 2026
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test
Hyperscale data center campuses represent the latest growth opportunity for the global re/insurance industry. Annual investment in these specialized facilities will likely surpass $300 billion by 2027 and the total insurable asset base for the roughly 11,000 data centers currently …
It’s a Sweltering Summer. Can We Finally Wear Shorts to Work?
Insurance Journal | June 30, 2026
It’s a Sweltering Summer. Can We Finally Wear Shorts to Work?
Last week, as temperatures in Europe soared and France recorded its highest-ever average temperature, Bloomberg conducted a poll of its clients — including traders, portfolio managers and strategists. The question was simple, but important: Is it ever appropriate to wear …