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Today's Headlines |
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July 2, 2026 |
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Hyperscale data center campuses represent the latest growth opportunity for global insurers and reinsurers. 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 in operation already exceeds $2 trillion. On top of that, new premiums from hyperscale data... read more
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The Travelers Companies, Inc. announced this week that engineers and data scientists have developed TravelersLLM, a proprietary large language model tailored to its property/casualty business. According to a media statement released by the insurer, TravelersLLM was trained on millions of company documents. TravelersLLM "amplifies Travelers' leading domain expertise by, among other things, enhancing underwriting analysis,... read more
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Could insurers have a net loss of policyholders? It's possible! Currently, 1 in 7 homes is uninsured and 1 in 7 drivers is uninsured. Climate risks are shifting and increasing, exacerbating affordability and pushing policies out of reach for many individuals and families. According to ... read more
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American International Group (AIG) announced that Nancy Bewlay has been named executive vice president, global chief underwriting officer, effective September 8, 2026. Bewlay will report to Eric Andersen, president and chief executive officer of AIG, and join the company's Executive Leadership Team. She will be based in New York. With more than 30 years' experience,... read more
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Severe weather activity is putting Illinois on pace for the highest catastrophe claim volume in a decade, according to an analysis by State Farm. As of June 19, State Farm customers in Illinois have filed nearly 50,000 severe-weather-related claims for home and auto. Homeowner claims are currently 47% above the 10-year average, and State Farm... read more
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Five years after becoming the first Southern state to legalize possession of marijuana, Virginia has approved a legal way to sell it to recreational users. State budget legislation enacted Monday will allow up to 350 cannabis shops to open across Virginia beginning July 1, 2027. The move marks the latest expansion of access to the... read more
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A Brooklyn, New York, man was sentenced last week for fencing stolen jewelry taken from stores and kiosks across the country, according to the United States Attorney's Office for the District of Columbia. On January 27, 2026, he pleaded guilty to conspiracy to sell and receive stolen goods. The man, sentenced to serve 24 months... read more
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Ford is recalling 741,195 vehicles in the U.S. over a transmission defect that can damage the park system, which in turn could result in vehicles rolling away, the U.S. National Highway Traffic Safety Administration said on Tuesday. The recall affects certain 2018-2021 Navigator, Expedition, 2020-2021 Explorer, Lincoln Aviator, and 2021 F-150 vehicles, the regulator said.... read more
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A future-proof platform isn't the one with the longest feature list — it's ... read more
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Budgets are up, optimism is high, and yet insurance operations teams have never ... read more
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Claims operations have always been the operational core of P&C insurance ... read more
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Identity fraud losses hit $27.2 billion in 2024—a 19% jump in a single ... read more
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Insurance carriers are sitting on more data than ever—but turning it into ... read more
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