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El Nino Poses ‘Meaningful Risk’ of Higher Inflation in 2027, SF Fed Paper Says
The El Nino weather pattern that could cause a record rise in ocean temperatures in coming months poses a “meaningful risk” of higher U.S. inflation in 2027 even as it also will likely add to employment, according to research published …
POSTED NOVEMBER 04, 2026 3:07 PM |
New APCIA Initiative Looks to Help ‘Backbone’ of Industry With Regulatory Costs
Small and midsize carriers “form the backbone” of the private insurance market, and they are being bogged down by the cost of regulatory and corporate compliance. The American Property Casualty Insurance Association (APCIA) is starting an initiative to try and …
POSTED NOVEMBER 04, 2026 2:55 PM |
Insurance Technology Firm Paperclip Acquires Apis Productions
Paperclip, Inc., a New Jersey-based insurance technology company, announced that it has completed the acquisition of Apis Productions, LLC. Apis provides technology for the insurance industry including websites and portals, hosting and security, custom application development, marketing, and AI consulting …
POSTED NOVEMBER 04, 2026 2:49 PM |
Kim Ahead in Vote for California Insurance Commissioner
Jane Kim led fellow Democrat Ben Allen in the race for California insurance commissioner with by more than 265,000 votes in Tuesday’s election. As of Wednesday morning, 99.8% of precincts had reported in. Kim had 52% of the vote. Kim …
POSTED NOVEMBER 04, 2026 2:19 PM |
Municipal Insurer Must Pay Share of $14.9 Million Wrongful Incarceration Settlement
A Massachusetts Superior Court judge recently found a municipal insurer responsible for a share of a $14.9 million settlement with a man wrongly incarcerated for 36 years. MIIA Property & Casualty Group, Inc. was ordered to pay the town of …
POSTED NOVEMBER 04, 2026 2:12 PM |
ECB’s Lagarde Urges Europe to Boost Climate-Related Insurance, Resilience
European Central Bank President Christine Lagarde urged Europe on Wednesday to boost climate-related insurance, invest more in power infrastructure and help companies generate their own electricity, saying last summer’s extreme heat should serve as a warning. Ahead of next week’s …
POSTED NOVEMBER 04, 2026 2:10 PM |
Supermarket Fridge Attack Is Just the Start, Says UK Cybersecurity Chief
A cyberattack on supermarket fridges across Europe is just an early sign of what are likely to be increasingly frequent disruptions as old technology fails to keep pace with hackers, Britain’s cybersecurity chief said on Tuesday. On Monday, fridges and …
POSTED NOVEMBER 04, 2026 1:57 PM |
Cyberattackers Drain Money From French Bank Credit Mutuel Arkea
Crédit Mutuel Arkéa said hackers stole money from it after gaining access to its computer systems, underscoring the growing cybersecurity risks for the banking sector. The French lender “was the victim of a cyberattack that enabled fraudulent transactions to be …
POSTED NOVEMBER 04, 2026 1:34 PM |
3M Commits $7.35 Billion to Settle PFAS-Related Claims
3M Co. is committing $7.35 billion over nine years to settle litigation related to its use of chemicals known as PFAS. The company said the commitment would address almost all of the 115,000 to 120,000 personal injury claims that are …
POSTED NOVEMBER 04, 2026 1:07 PM |
European Supermarkets Rush to Patch Vulnerabilities After Region-Wide Fridge Hack
European supermarkets targeted in a second wave of cyberattacks that cranked up fridge and freezer temperatures were rushing on Tuesday to upgrade their systems and protect themselves against further hacking attempts. Stores in eight European countries were forced to throw …
POSTED NOVEMBER 04, 2026 12:01 PM |
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