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Auto Insurer Root Inc. Reports 12% Increase in Q2 Net Income
Aug 6 2026 // Root Inc. reported second quarter 2026 net income of $25.4 million, an increase of 15% over the same period a year ago. For Q2 the combined ratio came in at 92.1 compared with 95.2 a year ago during the same time. In a...
Data Centers Exposed Carriers to China Hack, House Panel Says
Aug 5 2026 // US telecommunications companies connected their systems to data centers and related infrastructure in a way that exposed them to cybersecurity vulnerabilities, potentially opening the door to the massive Salt Typhoon...
French Insurer AXA’s Profit Rises 2% as Expected, Confident on Outlook
Jul 31 2026 // AXA SA reported first half profit higher than the same period a year ago, as the Paris-based insurer assesses the impact of wildfires currently affecting France and Spain. The French insurance group’s underlying...
Insurers Are ‘Actively Evaluating’ New Catastrophe Risks as Europe Burns
Jul 31 2026 // Europe’s insurers are bracing for a new era of catastrophe risk fanned by rising temperatures in the world’s fastest-warming continent. Insurers, reinsurers and brokers contacted by Bloomberg are already...
Insurer Says Virginia ‘Intentional’ Acts Law Blocks $10M Punitive Damages Claim
Jul 31 2026 // Twin City Fire Insurance Co. said it is not obligated to cover a Virginia employer’s $10 million punitive damages penalty for racial bias because the company’s behavior was found by a jury to be...
Houthis’ Red Sea Attacks Prompt London Insurers to Widen High-Risk Zone
Jul 30 2026 // Attacks on ships by Yemen’s Houthis have prompted London’s marine insurance market to widened its “high risk” zone in the Red Sea. The Joint War Committee comprises syndicate members from the...
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