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Category: Insurance Journal

Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return?
Insurance Journal | August 10, 2026
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return?
The reinsurance industry’s robust earnings and abundant capital, evident since 2023, have led to increasing competition and a softening market. “The key question is whether reinsurers can maintain underwriting discipline or will irrational competition emerge, leading to another traditional soft …
OpenAI Pays $3.2 Million in Probe Over Hiring Foreign Workers
Insurance Journal | August 10, 2026
OpenAI Pays $3.2 Million in Probe Over Hiring Foreign Workers
OpenAI and a subsidiary will pay $3.2 million to settle U.S. government claims that they favored foreign workers with temporary employment visas and discriminated against U.S. job applicants in recruiting and hiring, the U.S. Justice Department said on Tuesday. The …
New AIG CEO Anderson Talks Marketplace ‘Pass-Throughs,’ Opportunity
Insurance Journal | August 10, 2026
New AIG CEO Anderson Talks Marketplace ‘Pass-Throughs,’ Opportunity
Eric Anderson, new CEO of American International Group (AIG), offered an in-depth view of the company during his first earnings call at the helm, referring to opportunities within current marketplace conditions. Anderson said the market is “transition from an extended …
New Jersey Sues Amazon, Alleging Poor Pay and Conditions for Drivers
Insurance Journal | August 10, 2026
New Jersey Sues Amazon, Alleging Poor Pay and Conditions for Drivers
New Jersey sued Amazon.com last week, accusing the online retailer of abusing its market power over independent delivery drivers in the state. Amazon used its dominance to impose low pay and poor conditions on thousands of New Jersey workers who …
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard from Logo on Seat
Insurance Journal | August 10, 2026
Drivers of Mercedes AMG Cars File Class Action Over Burn Hazard from Logo on Seat
Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver’s seat gets so hot that it literally brands them and causes burns. Gabriel Lahijani and …
Virginia Study on Data Centers Calls for Tighter Water Regulations
Insurance Journal | August 10, 2026
Virginia Study on Data Centers Calls for Tighter Water Regulations
Virginia, the world’s largest data center hub, has released a long-delayed study that examined the state’s eastern region groundwater supply and the resource-hungry industry’s possible impact on it, finding declines are likely in a critical aquifer due to population growth …
Viewpoint: Understanding Why Privacy Claims Doubled in H1 2026
Insurance Journal | August 10, 2026
Viewpoint: Understanding Why Privacy Claims Doubled in H1 2026
When we published our report The State of Web Privacylast November, our central argument was that privacy risk behaves less like a static compliance checkbox and more like cyber risk. Just as security teams track attackers by their tradecraft, brokers …
Markets/Coverages: Rokstone’s Athena Cyber Division Launches Supply Chain Extension
Insurance Journal | August 10, 2026
Markets/Coverages: Rokstone’s Athena Cyber Division Launches Supply Chain Extension
Rokstone, the London-based specialty re/insurance managing general agent (MGA), announced that its new Athena Cyber Division has launched a customer and supplier supply chain disruption extension. The solution enhances total supply chain security, covering losses arising from cyberattacks affecting both …
People Moves: Augment Risk Promotes Cripps to New Role of Group Head of Growth and Broking; Fidelis Partnership Taps Ascot’s Donovan as Head of U/W, Property Binders
Insurance Journal | August 10, 2026
People Moves: Augment Risk Promotes Cripps to New Role of Group Head of Growth and Broking; Fidelis Partnership Taps Ascot’s Donovan as Head of U/W, Property Binders
This edition of International People Moves details appointments at the broker Augment Risk and the managing general agent The Fidelis Partnership. A summary of these new hires follows here. Augment Risk Promotes Cripps in Newly Created Role of Group Head …
Wildfire Forces Evacuations Across Top Canadian Wine Region
Insurance Journal | August 10, 2026
Wildfire Forces Evacuations Across Top Canadian Wine Region
More than 20,000 people were ordered to evacuate one of Canada’s top wine-producing regions as an uncontrolled wildfire spread rapidly, forcing local authorities to declare a province-wide state of emergency. Authorities ordered the town of Summerland and nearby communities in …