Tips & Guide

North Carolina Lawmakers Pitch Much Smaller Helene Recovery Package

RALEIGH, N.C. (AP) — North Carolina Republican lawmakers this week unveiled their initial attempt this year to provide recovery funding…

Ahoy! Expands Boat Insurance to Boat-Filled Florida Market

Ahoy! Insurance, calling itself an insurance company built by boaters for boaters, has expanded into Florida, one of the world’s…

Russia Faces Impending Oil Tanker Crisis as Sanctions Pile Up: Bloomberg Oil Strategist

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil…

Valencia Floods Prompt Race for Funds to Boost Spain’s Climate Resilience

Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more…

Avolon, BOC Settle Lawsuit Against Insurers Over Stranded Russian Jets

Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers…

Wisconsin Couple Sues Over Son’s Death Linked to $500 Surge in Asthma Meds

A Wisconsin couple is suing Walgreens and a pharmacy benefits management company, alleging that their son died because he couldn’t…

Texas Crisis Communications Specialist Sues Film Star Blake Lively for Defamation

A Texas crisis communications specialist has sued Blake Lively for defamation after the actor pulled him into her legal fight…

People Moves: Hiscox Appoints Baldwin US Media Practice Leader; Willis Names Kyriacou Head of Contingent Risk Solutions

Hiscox Appoints Baldwin US Media Practice Leader Hiscox, headquartered in Atlanta, appointed Karen Baldwin as vice president, media practice leader.…

UAE Turns to Satellites to Shield Region’s Only Nuclear Plant From Climate Risks

The United Arab Emirates, which operates the Gulf’s only commercial nuclear power station, is for the first time taking special…

Climate Risks Again Top List of Risk Manager Worries

Climate risks, disruptive technology and geopolitical instability are what worry risk managers most, according to a joint survey from the…

OpenAI’s Stargate AI Venture Is Scouting for US Data Center Sites

ChatGPT maker OpenAI said on Thursday it is evaluating U.S. states as potential artificial intelligence data center locations for its…

In Wake of Mass Shootings, Alabama Lawmakers Eye Ban on Glock Switches

MONTGOMERY, Ala. (AP) — After a violent year marked by multiple mass shootings in Alabama, Republican Gov. Kay Ivey and…

AM Best Downgrades Title Insurer’s Ratings

AM Best has downgraded Connecticut Attorneys Title Insurance Co. (CATIC) of Essex Junction, Vermont. The company’s Financial Strength Rating has…

‘Old School’ Job Search Benefits Injured Worker in Lost Wages Claim

A manufacturer and its workers compensation insurer thought an injured 60-year old service technician employee did not work hard enough…

Prospect Medical Signs Temporary Deal to Avert Hospital Closures

Bankrupt health system Prospect Medical Holdings Inc. won court approval to hand operations of its Pennsylvania hospitals to a state-backed…

Edison Probing Retired Power Line as Possible Start of LA Eaton Fire

Edison International’s utility is looking at whether a power line retired in 1971 started the Eaton wildfire as part of…

LA Neighbors See Much Different Post-Wildfire Rebuilding Options Due to Insurance Crisis

Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other…

Contractor Fined for Misclassifying 192 Workers as Independent Contractors

A Pittsburgh-based construction business will pay a fine of $144,000 for misclassifying 192 workers in violation of Pennsylvania law. The…

Judge Blocks Sandy Hook Families’ Settlement in Alex Jones’ Bankruptcy

A U.S. bankruptcy judge on Wednesday blocked a settlement between families who have sued Alex Jones over his false claims…

AM Best: Wildfires Intensifying California’s Property Insurance Troubles

Wildfires are intensifying the problems in California’s property insurance market, according to a new commentary from AM Best. Those problems…

European Commission Asks Shein for Information on Illegal Goods

The European Commission has asked online fast-fashion retailer Shein to provide internal documents and more detailed information on risks linked…

Hub Acquires Indiana’s The Rocchio Agency

Hub announced that it has acquired the assets of John L. Kiley Agency, Inc. dba DAR The Rocchio Agency (The…

3 Children Die in Suburban Detroit House Fire Where No Smoke Alarms Were Found

Three children died in a weekend house fire in suburban Detroit, authorities said. The siblings, a 16-year-old girl and two…

ACLU Sues on Behalf of Arkansas Librarian Fired for Fighting Book Censorship

The American Civil Liberties Union filed a lawsuit Monday on behalf of an Arkansas librarian who was fired after she…

Amazon, Alphabet Targeted as Oklahoma Joins Anti-DEI Investor Ranks

Oklahoma is poised to become the first Republican state to try to use its influence as an investor to end…

AI Safety Institute Director Leaves Role

The U.S. AI Safety Institute’s inaugural director, Elizabeth Kelly, is departing her role on Wednesday, she said in a LinkedIn…

Clear Group Acquires Irish Broker Phelan Caswell Insurances

The Clear Group, the London-based insurance intermediary, announced the acquisition of broker Phelan Caswell Insurances, based in Dublin, Ireland. The…

People Moves: SCOR Taps Allianz’s Schaefer as Global Head of Casualty & EIL, Succeeding Carerras; AXIS Promotes Cucciniello to Head of Primary Casualty

This edition of International People Moves details appointments at SCOR and AXIS Capital Holdings. A summary of these new hires…

Inside the LA Fire Cleanup’s Rush to Remove Tons of Toxic Rubble

Removing toxic waste from the foothills and coastal canyons where more than 16,000 homes and businesses burned down in the…

Billionaire Generali Investor Weighs Candidates to Challenge CEO Donnet

One of Generali’s biggest investors is considering challenging the reappointment of longstanding CEO Philippe Donnet in May and is weighing…

Insurance Groups Pushing Hard for Georgia Tort Reform as State Liability Costs Soar

Georgia’s governor has asked state lawmakers for $175 million to cover the growing costs of liability claims against state agencies…

Citing Remote Worforce, Kingstone Insurance to Sell Headquarters to County

Coming off of its best year ever in 2024, Kingstone Companies, Inc., a Northeast regional property/casualty insurance holding company, announced…

Google Scraps Diversity-Based Hiring Targets

Alphabet’s Google is scrapping its goal to hire more employees from underrepresented groups and is reviewing some of its diversity,…

New York Shields Doctors Who Prescribe Abortion Pills

New York Gov. Kathy Hochul on Monday signed a bill to shield the identities of doctors who prescribe abortion medications,…

Investors With $6.8 Trillion Warn EU Not to Bow to ESG Backlash

A group of investors representing €6.6 trillion ($6.8 trillion) of assets is calling on European officials not to cave in…

Europe’s Water Resources Under Pressure With Most Surface Bodies Polluted, EU Says

Most of European Union surface water bodies are polluted by chemicals, the European Commission said on Tuesday, in a report…

Farmers Ruined by PFAS Face Key Moment in Fight Against Pentagon

Neither Art nor Renee Schaap could bear to stay on their dairy farm in Curry County, New Mexico, in April…

Denmark to Intensify Scrutiny of Russia Shadow-Fleet Tankers

Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the…

Slower Growth but Surplus Lines Premiums Still Up 12% in 2024

The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to…

13 US P/C Companies Impaired in 2023: AM Best

Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM…

North Carolina Insurance Chief Reports Arrests in Deer, Storm Claims

A Charlotte man has been arrested on a felony charge of insurance fraud for allegedly falsely claiming to an insurer…

NC Rate Bureau Wants 23% Hike in Auto Insurance Rates

The North Carolina Rate Bureau, basing its filing on input from insurers in the state, has requested a 22.6% average…

Washington Insurance Agent Charged With Stealing $424K in Premiums

A King County, Washington, judge issued a bench warrant a former Seattle insurance agent charged with stealing more than $400,000…

Designs for New Baltimore Bridge Unveiled Almost a Year After Deadly Collapse

Almost a year after the deadly collapse of Baltimore’s Francis Scott Key Bridge, Maryland officials on Tuesday unveiled their designs…

Startup Accused of Gouging LA Fire Victims on Rent

A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one…

People Moves: Coleman Assumes Role as WCIRB President and CEO

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) named Andrea Coleman as president and CEO. Coleman joined the WCIRB…

Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses

Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished…

California Wildfire Losses: Net or Gross?

The insurance industry admittedly may not be as glamorous as high-tech, investment banking, advertising, or Hollywood. After all, consider that…

Hub Acquires Missouri-Based Lindenwood Agency

Hub announced that it has acquired the assets of Lindenwood Agency, Inc. Terms of the transaction were not disclosed. Located…

Emails Reveal Extent of Saints’ Intervention for Clergy Sex Abuse Crisis

As New Orleans church leaders braced for the fallout from publishing a list of predatory Catholic priests, they turned to…

Trump Plans to Attend Super Bowl, Further Tightening Security

Federal law enforcement agencies are rolling out one of the most extensive Super Bowl security operations in recent history, following…

Lawsuit Blames Deaths on Ohio Train Derailment

A lawsuit alleging for the first time that people died because of the disastrous 2023 East Palestine train derailment was…

Global Commercial Insurance Rates Down, Marking 2nd Consecutive Quarterly Drop

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 –…

USAA Becomes 3rd Insurer to Report $1B-Plus in Claims So Far for LA Wildfires

USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report…

People Moves: DOXA Expands Executive Leadership Team; JM Wilson Promotes Boles to Senior Personal Lines Underwriter

DOXA Expands Executive Leadership Team DOXA, headquartered in Fort Wayne, Indiana, hired five new executive leadership team members. Matt Bishop…

Aon, Floodbase, Swiss Re Team on Parametric Storm Surge Solution for US Hurricane

Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related…

Markel Reorgs Professional Liability Products

Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions…

NC Governor Tests Lawmakers With Hurricane Helene Recovery Funding Request

RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein asked state legislators Monday to roughly double their spending so far…

DeSantis’ Budget Would Triple Funding for Wind Mitigation Grant Program

Florida’s 2025-2026 state budget, as proposed by Gov. Ron DeSantis, would provide some $600 million for home and condominium hardening…

Viewpoint: Cyber Risk and AI – The Changing Landscape

Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors…

Markets/Coverages: MGA Rokstone Expands Portfolio Into Financial Institutions

Rokstone, the international speciality re/insurance MGA that is part of the Aventum Group, has announced the launch of a D&O…

Australia Bans DeepSeek From Government Tech Over Security

Australia has banned DeepSeek AI services from all government systems and devices, becoming one of the first countries to take…

UK Commits £2.65 Billion to Tackle Rising Flood Risk

The UK will spend £2.65 billion ($3.31 billion) on flood defenses to protect homes from the growing risks posed by…

Allianz, IAG Said to Mull Bids for Top Western Australia Insurer

Insurance firms Allianz SE and Insurance Australia Group Ltd. are among parties considering bidding for Western Australia’s top insurer, according…

People Moves: AXA XL Hires Bakker for Environmental Post; Tokio Marine HCC Appoints Gaine Head of N.A. Distribution

AXA XL Hires Bakker as Head of Environmental Package Solutions, Middle Market, Americas AXA XL in the Americas hired Peter…

US Congress to Form Cryptocurrency Working Group

U.S. Representative French Hill, a Republican who chairs the House Financial Services Committee, said on Tuesday lawmakers from both chambers…

Weinstein Wants Mangrove to Be Big Player in Florida, Focused on Mid-Market

Stephen Weinstein, a Harvard-trained lawyer, has spent more than two decades with Renaissance Re, as chief legal officer and executive…

LA Wildfire Losses Seen as High as $164 Billion, UCLA Says

Economic losses from the fires that tore through Los Angeles County in January range from $95 billion to $164 billion,…

Jupiter Launches $1M in Added Capacity Above FAIR Plan for California Homeowners

Jupiter Risk Services has launched its Jupiter Private Client Excess Homeowners Insurance (XS Homeowners), a property insurance product providing up…

California Food Distributor Settles False Claims Liability for Small Business Contracting Violations

The GS Foods Group Inc. in Ontario, California, agreed to pay more than $949,000 to settle allegations of False Claims…

VIDEO: New York Ad Campaign Targets ‘Hidden Tax’ Driving Up Insurance Costs

A group calling for reforms to lower insurance costs across New York has launched its first ad. The newly-formed Citizens…

Delaware Supreme Court May Have Made It Easier for Some Firms to Leave State

The Delaware Supreme Court on Tuesday issued a decision involving TripAdvisor that could make it easier for some companies to…

Investigators View ‘Expansive’ Impact of Medical Plane Crash in Philadelphia

The impact area where a medical transportation plane crashed in Philadelphia was notably “expansive,” U.S. Transportation Secretary Sean Duffy said…

Boston Eyes Requiring Permits, Insurance for Major Food Delivery Apps and Their Drivers

Boston Mayor Michelle Wu has filed an ordinance with the City Council to require the largest food delivery apps such…

A Steady Transformation to Drive Profitability: Optimizing Underwriting Insurance Inspection Workflows

This post is part of a series sponsored by CoreLogic. An insurance organization is composed of so many little pieces…

‘It’s Surreal’: Trump’s Freeze on Climate Money Sows Fear and Confusion

When President Donald Trump’s administration last week shut off the spigot of federal grant money, which a federal judge said…

Orion180 Launches FLEX Home Insurance in Texas

Orion180 announced that its FLEX Home Insurance product is now available in Texas. Orion180 said that FLEX is designed to…

King Risk Partners Acquires Ohio’s Barker, Beck, Collins & Kronauge Agency

King Risk Partners announced the acquisition of Barker, Beck, Collins & Kronauge Agency (BBC&K), an independent insurance firm in Dayton,…

Washington Crash Investigators Complete Interviews, Probe Plane Wreckage, Flight Logs

The National Transportation Safety Board said on Monday it has completed interviews with air traffic controllers in its investigation into…

Maryland Supreme Court Upholds Child Victims Act

The Maryland Supreme Court, in a 4-3 ruling, has upheld the Child Victims Act as constitutional. The Child Victims Act…

Sica Fletcher Index: Total Agency-Broker M&A Revenue Down 26% in 2024

The 22 acquirers that make up the Sica Fletcher Index were involved in 533 agent-broker deals in 2024, down 6%…

Texas Regulators Grapple With Plugging Leaky Abandoned Wells

In arid West Texas, water seeps and bubbles from old wells, sometimes carrying oil, brackish water or other pollutants to…

Chicago Sued by White Men Barred From Bally’s Casino Investment

Bally’s Corp. and the City of Chicago were accused of discriminating against White men in a lawsuit by a conservative…

WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%

WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million…

Ryan Specialty Completes Buy of Velocity Risk Underwriters

Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by…

Bessent to Be Acting CFPB Head, Pauses Rules and Litigation

Treasury Secretary Scott Bessent is now the acting head of the US Consumer Financial Protection Bureau, signaling a potential shift…

Oil Tanker Attacked Last Year Crosses Red Sea as Houthi Ceasefire Holds

Liberian-flagged crude oil tanker Chrysalis, which was attacked by Yemen’s Houthis last year, sailed through the Red Sea this week,…

Generali to Remain in Charge of Investment Decisions in BPCE Deal, Won’t Cut Stake

Generali to remain in charge of decisions over how to allocate its own clients’ savings under the asset management deal…

China Hits Back With Targeted Tariffs After Trump Imposes New Levies

China on Tuesday imposed tariffs on some U.S. imports in a swift response to new U.S. duties on Chinese goods,…

Viewpoint: Delegated Underwriting Authority Enterprises Offer Insurers Competitive Edge

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within…

Securities Class Actions Increase Again in 2024; AI-Related Filings Double

The number of securities class action filings increased for the second consecutive year in 2024, with artificial intelligence (AI)-related filings…

AI, Cybercrime Perceived as Top Insurance Risks: Kennedys

Artificial intelligence, cyberattacks or outages, and extreme weather events are the risks partners at global insurance law firm Kennedys perceive…

People Moves: Aspire Names Adams VP of Product

Aspire named Isaac Adams vice president of product. Adams most recently served as Aspire’s chief marketing officer. He previously served…

New Jersey Man Sentenced for Heading Stolen Vehicles Conspiracy

A New Jersey man has been sentenced to 57 months in prison for his role in a conspiracy to receive,…

Insurer Seeks to Exit $30 Million Wrongful Death Lawsuit Over Boy’s Fatal Shooting

An insurance company says it is not obligated to defend or indemnify the owners and managers of a Memphis apartment…

California Faces Mudslide Threat From Flooding Rains After Wildfires

Weeks after wildfires that killed at least 29 people and destroyed entire neighborhoods, Southern California is facing another extreme-weather threat:…

Man Charged With Filing $50K in Fraudulent iPhone Insurance Claims

A Connecticut man has been arrested and charged with insurance fraud for allegedly running a scam involving filing fraudulent insurance…

North Carolina Officials Issue Urgent Plea for More Hurricane Recovery Funds

North Carolina officials charged with leading recovery efforts in western North Carolina after Hurricane Helene — as well as parts…

Breaking Open the Compliance Black Box: How M3 Insurance Took Back Control of Producer Licensing with AgentSync

This post is part of a series sponsored by AgentSync. When M3 Insurance began rapidly expanding its distribution channels, its…

State Farm Seeking Interim 22% Rate Hike for Homeowners in Wake of LA Wildfires

State Farm General said on Monday it is asking the California Department of Insurance to immediately approve interim rate increases,…