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At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based
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News
Hormuz Disruptions Hitting Small Businesses Hardest, UN Trade Agency Warns
3+ day, 10+ hour ago (394+ words) Disruptions in the Strait of Hormuz could push small and medium-sized businesses out of global supply chains, increasing economic concentration and weakening the resilience of international trade, the United Nations Conference on Trade and Development said on Tuesday [Sept. 8]. … Disruptions…...
Shipping Nations Warn Global Trade Is Fracturing — And Everyone Pays
4+ day, 6+ hour ago (630+ words) The armed conflicts, trade wars, and extreme weather events hammering maritime supply chains are not one-offs, but rather signs of a “structural shift” for global trade, 18 of the most important shipping nations warned on Tuesday. “Shipping routes are increasingly instruments…...
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US
6+ day, 16+ hour ago (259+ words) USI Insurance Services has sued three former producers, who “reneged on their contractual obligations” in a move to competitor Howden US, the brokerage alleged. According to an August lawsuit filed in U.S. District Court for the Eastern District of…...
Nuclear Verdicts Go Boom, Increase 40.7% in 2025
6+ day, 16+ hour ago (372+ words) So-called “nuclear” verdicts did not subside in 2025. In fact, it was quite the opposite. According to a new report from strategic communications and research firm Marathon Strategies, there were nearly 200 verdicts resulting in an award of at least $10 million in…...
Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says
1+ week, 3+ day ago (86+ words) South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance Co. and Samsung Life Insurance…...
People Moves: Cincinnati Insurance Chief Claims Officer Schambow to Retire, McMillan to Assume Responsibilities
1+ week, 4+ day ago (200+ words) Cincinnati Financial Corporation announced that Marc J. Schambow, CPCU, AIM, ASLI, chief claims officer for its property casualty subsidiaries, led by The Cincinnati Insurance Company, will retire in January 2027. Schambow has served as Cincinnati’s top claims officer since 2020, capping a nearly…...
S. Korean Ship to Test Arctic Route to Europe but Western Allies Concerned
3+ week, 2+ day ago (649+ words) South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian…...
Climate Damage: The Next Hit to Europe's Public Finances
3+ week, 4+ day ago (812+ words) Someone will have to pick up the tab for the damage wrought by Europe’s increasingly volatile weather, and with the bulk of those economic losses uninsured, that will be the public purse unless immediate action is taken. This year’s wildfires…...
Europe's Heatwaves Expose Insurance Gap as Business Losses Mount
3+ week, 5+ day ago (678+ words) For more than a century, cafes in the Italian city of Padua have welcomed customers for an early evening drink, or aperitivo, encouraging them to sit outside and socialize before dinner. As Europe bakes under its fifth heatwave of the…...
France Pledges €100 Million in Wildfire Aid for Homes and Firms
3+ week, 5+ day ago (262+ words) France is mobilizing more than €100 million ($116 million) in aid to rebuild homes and issue tax relief to businesses devastated by this summer’s wildfires. The government has allocated €12 million for the Gironde and Landes departments in the southwest, which were impacted…...