Reading time: 4 minutes Part 1 Of Our Deepfakes Miniseries A finance director joined a video call with his CFO, his CEO, and two colleagues. None of them were real. He followed their instructions and wired $25.6 million across 15 transactions. By the time anyone caught it, the money was gone. The deepfake playbook now works at industrial scale, and most financial institution insurance programs haven't caught up. The $25.6 million wire fraud started with a routine video call. That was Arup, a...
3 days ago • 3 min read
Reading time: 5 minutes Welcome to the Pride's Friday Five Every Friday our team rips through 200+ insurance, legal, and risk-management articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: The AI-fueled data center buildout has pushed construction costs from $300 million to $20 billion per project, and estimates in the broker community are saying it could generate $10 billion in new insurance premium this year alone. Is...
8 days ago • 6 min read
Reading time: 7 minutes Welcome to the Pride's Friday Five This week's edition is personal for both of us. FLIP was honored to be featured in Independent Agent magazine's cover story on the industry's talent crisis. Mindi Zissman, freelance writer at large, did a fantastic job capturing the challenges and opportunities we're all facing. We're also sharing a powerful piece from our friend Brenden Corr on mental health, and closing with a wellness message from Tash. Every Friday the team rips...
15 days ago • 7 min read
Reading time: 7 minutes Your Friday Five / 7 this week! Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Two developments caught our attention this week: Moltbot went viral because it "actually does things" — which means executing arbitrary commands on employee computers. The prompt injection vulnerability is already here. Sparta Insurance discovered its airtight indemnification agreements weren't so...
22 days ago • 6 min read
Reading time: 4 minutes The Problems We Solve The CFO seemed confident when he called. Solid midwest dude. Strong operator. "Our renewal is in good hands," he told us. "We've had the same agent for fifteen years. Great relationship." That agent was their largest producer—their most trusted partner. Letting him handle the corporate D&O placement felt natural. Comfortable. When we ran our standard review, we found twelve significant coverage gaps. Fraud exclusions that could have gutted a...
24 days ago • 4 min read
Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: AXIS surveyed 500 CEOs and CISOs on AI risk. The findings reveal a 10-point gap between executive optimism and security realism, and 75% plan to cut cyber headcount while threats multiply. A federal court just split the difference between crime bonds and cyber policies...
29 days ago • 6 min read
Reading time: 5 minutes Your Friday Five Every Friday we distill 200+ insurance, legal, and market-risk articles into three signals your board may need for its Monday briefing. Three developments caught our attention this week: Florida's tort reforms produced 8.7% rate cuts and dropped the state from 2nd to 10th in nuclear verdict rankings. Seven states built a replicable tort reform blueprint. Third-party litigation funding is now a national security concern. Financial services led all...
about 1 month ago • 5 min read
Reading time: 5 minutes There is a quiet dysfunction that plagues even the best brokerages. It’s the account manager who doesn't remember the coverage conversation from six months ago. It’s the service team that used to show up in person, now everything is on zoom. It’s the senior partner who shows up for the sale, then vanishes until the renewal. How do we know this? Because we lived in it for decades. We thrived inside the machine. We did exactly what the industry required: we wore...
about 1 month ago • 5 min read
Reading time: 5 minutes Your Friday Five Every Friday we review 200+ insurance, legal, and market-risk articles an summarize the best three events your board needs to be aware of on Monday morning. Three developments caught our attention this week: DOJ has launched False Claims Act investigations into major companies' DEI practices. Fortune 100 companies tripled their AI risk disclosures in one year, while the SEC rescinded proposed cyber rules and 40 states passed 136 AI laws. LinkedIn's...
about 1 month ago • 4 min read