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Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW
Specialty insurance market rates declined in 2025 and during the January 1, 2026 renewals, with the pace of change exceeding expectations, according to WTW’s Specialty Insurance Marketplace Survey (SIMS). Data from the January 1 renewals and new business point to …
POSTED MAY 06, 2026 10:24 AM |
Volkswagen’s Brazil Unit Recalls Five Models for Instrument Panel Software Fix
Volkswagen’s Brazilian unit announced on Monday [May 4] a recall of five models manufactured up to five years ago for a software inspection and potential update to fix a malfunction in the instrument cluster. The recall includes the Polo, Virtus, …
POSTED MAY 06, 2026 9:05 AM |
Fatal 2022 China Plane Crash Points to Midflight Fuel Cutoff
The China Eastern Airlines Corp. jetliner that plummeted into a hillside in 2022, killing all 132 people on board, had its fuel supply cut during the flight, newly released investigative material shows, supporting the theory that the aircraft was intentionally …
POSTED MAY 06, 2026 8:42 AM |
Crew Rescued After Cargo Ship Sinks Off Greece, Coast Guard Says
Greece has rescued all nine crew members, eight Turkish and one Azerbaijani, of a cargo ship that hit rocks and sank off the island of Andros early on Wednesday, a Greek coast guard official said. The Vanuatu-flagged freighter had left …
POSTED MAY 06, 2026 8:03 AM |
Trump Administration Seeks to Stop Minnesota Lawsuit Against Oil Companies
President Donald Trump’s administration moved Monday to block a lawsuit Minnesota officials filed almost six years ago alleging oil companies and a petroleum trade group deceived state residents about climate change. The U.S. Department of Justice, the administration’s law enforcement …
POSTED MAY 06, 2026 8:00 AM |
Trump Pauses Effort to Escort Ships in Strait of Hormuz, Citing Deal Progress
U.S. President Donald Trump said on Tuesday he would briefly pause an operation to help escort ships through the Strait of Hormuz, citing “great progress” toward a comprehensive agreement with Iran. Hours earlier, U.S. Secretary of State Marco Rubio had …
POSTED MAY 06, 2026 7:56 AM |
FSB Watchdog Flags Risks in Banks’ Growing Private Credit Ties
The fast-growing private credit industry’s deepening links with traditional banks and asset managers create risks to the global financial system, the global Financial Stability Board watchdog said on Wednesday, warning some broader measures showed upwards trends of defaults. Signs of …
POSTED MAY 06, 2026 7:02 AM |
Louisiana Directive Requests Annual Reporting of Personal Lines Data
Louisiana Insurance Commissioner Tim Temple on Tuesday issued a directive to residential property and personal auto insurers for mandatory annual reporting of policies. Beginning in 2026, data submissions are required on an annual basis, replacing the previous quarterly reporting requirement. …
POSTED MAY 06, 2026 7:00 AM |
10 Hospitalized After Chemical Leak at Louisiana Business
Ten people were hospitalized after a valve malfunction led to a chemical leak at a Louisiana business on Tuesday, May 5. The Louisiana State Police Emergency Services Unit responded to a hazardous materials incident in Duson at approximately 7 a.m. …
POSTED MAY 06, 2026 7:00 AM |
Tech Update: Corgi Fills AI Risk Gaps; Gallagher Touts AI-Human Sales Blueprint; Cogitate AI and Vital Protect Medical Practices
Corgi AI Coverage Fills Gaps Left by Traditional Tech Coverage From autonomous agents making financial decisions to models generating customer-facing content, AI systems are no longer just experimental, they are operational. But what happens when one of these systems malfunctions, …
POSTED MAY 06, 2026 5:14 AM |
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