ATP Insurance Services » Y@DminG

Full Senate Passes Measure to Reauthorize Federal Terrorism Insurance Backstop

Y@DminG — Tue, 29 Sep 2026 15:24:33 +0000

The U.S. Senate late Sept. 28 passed, by unanimous consent, legislation to reauthorize the federal terrorism insurance backstop. The Senate moved on the Terrorism Risk Insurance Program Reauthorization Act of 2026 (S. 4395) to extend the program until 2034. It …
Source: Claims Journal

Crypto Hack Spurs $463 Million in Customer Outflows at Bitget

Y@DminG — Tue, 29 Sep 2026 13:58:29 +0000

Hacked crypto exchange Bitget recorded roughly $463 million in net outflows in the 24 hours into Tuesday, as customers moved assets off the platform following last week’s $388 million theft. The surge came after Bitget began restoring withdrawals and marked …
Source: Claims Journal

AM Best: US Mutual Insurers Doubled Net Income in 2025

Y@DminG — Tue, 29 Sep 2026 05:00:53 +0000

Total net income for U.S. property/casualty mutual insurers doubled compared to 2024 to about $42.6 billion in 2025 as underwriting income surged to about $14.8 billion from a loss of $7.2 billion in 2024. According to a recent A.M. Best …
Source: Claims Journal

GM Faces Down Fuel Prices With Big Trucks and Bigger Engines

Y@DminG — Tue, 29 Sep 2026 05:00:44 +0000

tanding on a dais at a General Motors truck engine plant in Flint, executive chief engineer Mark Dickens plays a recording of the company’s all-new V-8 revving up. “I never get tired of hearing the engine roar,” says Dickens, who …
Source: Claims Journal

Sapphire Minmetals Aimst to Expedite $2B Lawsuit Against Glencore, Chairman Says

Y@DminG — Tue, 29 Sep 2026 05:00:23 +0000

Trading firm Sapphire Minmetals and related companies plan to move swiftly with their $2 billion lawsuit against Glencore after a Singapore court appointed KPMG as interim judicial managers of Radiant World, Chairman Rakesh Sethi told Reuters. Radiant World, Sapphire Minmetals …
Source: Claims Journal

Golden Gate Sued Over Insurer’s $2.2 Billion Capital Shortfall

Y@DminG — Tue, 29 Sep 2026 05:00:14 +0000

Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation. A lawsuit filed in Connecticut federal court on …
Source: Claims Journal

Agentic Intelligence for Claims Dominates New Tech Launches

Y@DminG — Tue, 29 Sep 2026 05:00:04 +0000

CLARA Analytics has launched Agentic Intelligence, what the company calls “an end-to-end AI workforce” for complex casualty and workers’ compensation claims. The new product is built into the company’s CLARAty.ai platform, assigning a team of AI agents to individual claims …
Source: Claims Journal

Register: Risky Future AI Tools for Digital Quoting ‘Demo Day’ on September 30

Y@DminG — Mon, 28 Sep 2026 14:20:17 +0000

Insurance Journal’s Risky Future series is hosting the “AI Tools for Digital Quoting” Demo Day, a series of free AI tool demonstrations designed exclusively for insurance carriers, retail agents, managing general agencies, agency principals, product leaders. This event will highlight …
Source: Claims Journal

US Finalizes New Lower Fuel Economy Standards in Boost For Gas-Powered Vehicles

Y@DminG — Mon, 28 Sep 2026 13:44:57 +0000

The Trump administration on Monday finalized new lower vehicle fuel economy standards, in the latest effort to make it easier for automakers to sell gas-powered vehicles and to reverse a push by the Biden administration to force automakers to build …
Source: Claims Journal

Public Adjuster Coalition Unveils Ethics Code, Plans Complaint Board

Y@DminG — Mon, 28 Sep 2026 05:00:53 +0000

A new code for public adjusters that would create a board to put ethics violations in front of state regulators was introduced on Friday. The Public Adjusting Code of Professional Conduct is being pushed by a coalition of more than …
Source: Claims Journal