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Business Insurance
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Banks Review Loan Exposure as El Niño Raises Climate Risks for Clients
BBVA and other lenders are assessing climate exposure as El Niño threatens farms, supply chains and borrowers across several regions.
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UK Report Flags Flood and Heat Risks to Railways, Prisons and Health Services
A new assessment identifies widespread flood exposure and heat damage, but incomplete disclosures leave gaps in understanding service and financial risks.
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Private Flood Insurance vs. NFIP: Why Agents Should Compare Both Quotes
Private flood coverage may cost less and offer different limits or features. Agents can compare premiums and terms against NFIP for each property.
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Munich Re Specialty Opens Australian Primary Specialty Business
Munich Re Specialty is offering four commercial coverages in Australia, with Chris Mackinnon leading its new Sydney based operation.
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Freezer Disruptions Hit Supermarkets Across Europe, Spoiling Food and Raising Cyber Questions
Stores in five countries reported refrigeration problems, with food removed from sale or discarded as retailers investigate possible cyber incidents.
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AIG’s Chile Deal Builds on Completed Everest Colombia Purchase
AIG has completed its purchase of Everest Colombia and agreed to acquire Everest Chile, expanding its commercial insurance operations in Latin America.
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Business Insurance Savings: What to Check Before Switching
A lower premium may come with different limits, deductibles or exclusions. Compare the coverage and your business plans before switching.
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An Insurance Broker’s Value Goes Beyond Comparing Premiums
A broker can help check whether coverage still fits after a home change, explain limits and compare prices for protection that meets your needs.
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Crypto Insurance After Binance’s $6.3 Billion Theft: What Coverage May—and May Not—Pay
Crypto theft coverage depends on policy terms, security practices and how assets were taken; exchanges may also need reserves or their own funds.
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Markel Transfers $1.2 Billion of Legacy Loss Risk to Enstar
Markel’s Enstar deal covers adverse losses above $4.8 billion in reserves, giving the insurer more certainty as it focuses on specialty business.
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New HSA Eligibility for Bronze and Catastrophic Plans: What to Know for 2027
Starting in 2026, marketplace Bronze and Catastrophic plans can qualify enrollees for HSAs, creating a new way to set aside money for eligible health costs.
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Japan Reports 81 Cyberattacks Since July as AI Raises Risks for Businesses
At least 81 incidents have been reported since July. Japan is shifting toward earlier threat detection as firms face more AI-assisted attacks.
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HSBC Explores Credit Insurance for Data Center and AI Loans
HSBC is sounding out insurers on credit protection for project loans as lenders manage growing exposure to AI infrastructure.
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Hong Kong Fire Inquiry Details Contractor, Consultant and Oversight Failures
A report on the fire that killed 168 people cites unsafe renovation work, ignored resident complaints and gaps in safety oversight.
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Canada’s Major Banks Restrict Third-Party AI Access to Banking Accounts
RBC and three other major Canadian banks are blocking or limiting outside AI agents, citing customer security, sensitive data and liability concerns.
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Z.AI’s GLM-5.3 Completes Complex Cyberattack Simulations, Raising Safety Questions
Irregular says GLM-5.3 completed three multi-stage attack scenarios and ignored safeguards, sharpening questions about risks from downloadable AI models.
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Drainage Questions Put Google’s Planned Finland Data Center Site Under Scrutiny
Investigators are examining drainage and water management at a planned Google data center site near Muhos, where preparatory work was halted.
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Barclays Explores Insurer Cover for More Than $10 Billion in AI Data Center Loans
Barclays is sounding out insurers about covering data center loan risks as demand grows and some providers near their exposure limits.
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Hormuz Transit Advisory Adds Time and Inspection Uncertainty for Shipping
Ships with no essential Gulf transit are advised to stay clear; vessels proceeding should allow extra time and prepare for possible inspections.
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South Korean Financial Firms Report Customer Data Exposure and System Intrusions
Daishin disclosed exposed information for 38,490 customers as Mirae Asset and Bithumb investigated unauthorized access to internal systems.