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Large Commercial Property Rates Drop 14.5% in Q2 to Highlight Latest Willis Report
Commercial property rates continues to soften, according to a new report from Willis, a WTW business. Large and complex property rates with WTW’s portfolio dropped 14.5% in the second quarter 2026, according to the fall 2026 edition of its Insurance …
POSTED OCTOBER 05, 2026 2:40 PM |
Novatae Acquires Trucking MGA Specialized Program Solutions
Novatae Risk Group, the wholesale division of World Insurance Associates, announced it acquired Specialized Program Solutions (SPS), a managing general agency (MGA) in Chester, New Jersey. Founded in 2022, SPS specializes in underwriting, marketing and program administration for long-haul trucking …
POSTED OCTOBER 05, 2026 2:23 PM |
People Moves: Marsh Agency Names Neary CEO of New East Region
Marsh Names Neary CEO of Newly Combined East Region Marsh appointed Andrew Neary as chief executive officer (CEO) of Marsh Agency’s newly combined East region. Neary will be based in Conshohocken, Pennsylvania, and will continue to report to Matt Stadler, …
POSTED OCTOBER 05, 2026 2:22 PM |
UAE Probe Labels FlyDubai Cockpit Axe Attack a Terrorist Act
A United Arab Emirates investigation of the near-catastrophic FlyDubai flight said the co-pilot attempted “to carry out a terrorist act” as more details emerged about what happened in the cockpit. The co-pilot used a crash ax in the attack on …
POSTED OCTOBER 05, 2026 2:21 PM |
Volkswagen Recalls 4 Million Cars, Handelsblatt Reports
German auto group Volkswagen will recall around 4 million vehicles across four brands in the biggest such action since the Dieselgate scandal, the Handelsblatt newspaper reported on Friday [Sept. 25]. Some 2.16 million VW models and 700,000 Audi models are …
POSTED OCTOBER 05, 2026 2:06 PM |
Miami Project Sells $1.7 Billion of Condos Before It’s Built
While condo sales across Miami have broadly slumped in recent years, one sector of the market is booming — ultra-luxury sales in apartments that haven’t even been built yet. The Residences at Mandarin Oriental Miami on Brickell Key, a manmade …
POSTED OCTOBER 05, 2026 1:57 PM |
South Korea Orders Security Checks After Finance-Sector Data Leaks
South Korean regulators urged financial institutions to promptly complete internal security inspections and report the results to authorities after a series of cyberattacks led to personal data breaches across the industry. “The entire financial sector should carry out swift and …
POSTED OCTOBER 05, 2026 1:53 PM |
Denmark Data Breach Exposes 8.8 Million People’s Personal Data
Denmark suffered a major data breach that gave unauthorized individuals access to names, addresses and personal identification numbers belonging to about 8.8 million people registered in the country’s central population database. The breach occurred after unidentified individuals misused a private …
POSTED OCTOBER 05, 2026 1:05 PM |
War, Cyber Attack May Spark Next Financial Crisis: Reserve Bank of India
The next financial crisis could originate from a source outside the world of finance, Reserve Bank of India Governor Sanjay Malhotra said Saturday. “It may begin with a geopolitical event, or cyber attack or a technological failure that affects the …
POSTED OCTOBER 05, 2026 12:52 PM |
Markets/Coverages: Specialty MGA Banyan Launches Red Fox Risk for Wildfires
Specialty managing general agent Banyan Risk said it launched Red Fox Risk Ltd, a new underwriting venture focused on wildfire-exposed property risk in the U.S. The business will be led by Brian Espie as CEO and Sarah Kennedy, chief underwriting …
POSTED OCTOBER 05, 2026 12:50 PM |
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