News
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May 19, 2025
California Commissioner Launches Smoke Claims & Remediation Task Force
A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara announced the formation of a Smoke Claims & Remediation Task Force with...
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May 19, 2025
Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
When a Mexican navy tall ship crashed into the Brooklyn Bridge, it was maneuvering in turbulent waters. The tide had just turned, and a fast current was heading up the East River as a 10 mph wind set in. While …...
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May 19, 2025
Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies
Walmart Inc. stunned civil-rights activists in November by saying it was pulling back on diversity, equity and inclusion efforts. The world’s largest retailer said it would stop using the term “DEI” in official communications, remov...
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May 19, 2025
Fire Destroys Mansion on a Former Louisiana Sugar Plantation
Flames ripped through a massive mansion in Louisiana, destroying much of the historic structure that was used as a plantation house when it was completed in 1859, authorities said. The fire that engulfed the Nottoway Plantation House on Thursday deva...
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May 19, 2025
M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage
A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritizes safety over speed, while retailers worldwide race to boost their defenses. The attack on the &...
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May 19, 2025
UK Legal Aid Hack Includes ‘Significant Amount’ of Personal Data
Hackers have stolen a “significant amount of personal data” from people who received legal aid across England and Wales, the UK’s Ministry of Justice said. A breach at the Legal Aid Agency that was identified by the government in Ap...
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May 19, 2025
People Moves: Castillo to Head Protecdiv’s Construction; Snyder Joins Mass. Workers’ Comp Council
Protecdiv, headquartered in Philadelphia, Pennsylvania, hired David Castillo as executive vice president and national construction practice leader. In this newly created role, Castillo leads the strategic growth and development of Protecdiv’s c...
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May 19, 2025
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter 2025 rose by 4.2%—down 22% from the last three months of 2024 and a “clear&#...
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May 19, 2025
Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky
At least 27 people have been killed by storms systems that swept across part of the U.S. Midwest and South, with Kentucky Gov. Andy Beshear announcing Saturday that 18 of the deaths came in his state and 10 others were …...
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May 19, 2025
Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
More severe storms were expected to roll across the central U.S. this week following the weather-related deaths of more than two dozen people and a devastating Kentucky tornado. The National Weather Service said a “multitude of hazardous weathe...
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May 19, 2025
Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts. A notice desc...
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May 19, 2025
EnergyAustralia Apologizes to Customers After Greenwashing Case
CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing of its carbon offsetting products. The apology was part of a settlement with advocacy organizat...
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May 19, 2025
UK’s Anglian Water Fined £1.4 Million Over Drinking Water Failures
Britain’s Anglian Water was fined 1.4 million pounds ($1.9 million) over drinking water contamination, in the latest scandal in an industry which is facing a public backlash over environmental failures and rising bills. The government has launc...
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May 19, 2025
Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers
Even before Coinbase Global Inc. disclosed that hackers had stolen the home addresses and account balances of its customers, Jethro Pijlman was seeing an uptick in interest from concerned clients with large crypto holdings who were looking for bodygu...
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May 19, 2025
Estonia Says Russia Detained Tanker in Baltic Sea
Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding it had alerted NATO allies to the incident. The Liberia-flagged ship Green Admire was leaving Sillamae port using...
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May 19, 2025
Captives to Remain Viable as Market Softens: RIMS Panel
As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the RIMS Ri...
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May 19, 2025
Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
The head of the upstart Texas Stock Exchange said the state is making a serious play to reshape the US financial landscape, using new pro-business laws and a proposed ban on trading taxes to take on longtime power centers on …...
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May 19, 2025
Sedgwick: Number of Recalled Products in US Rose 25% in First Quarter
The total volume of products recalled from key industries surged by 25% in the first quarter, a new report shows. Sedgwick’s report out on Thursday the surge comes amid a marginal decline in U.S. product recall events, shows 775 recalls …...
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May 19, 2025
Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance industry insiders said the numbers...
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May 19, 2025
Maine Lawmakers Thwart Move to Allow Mennonites to Self-Insure
Maine lawmakers last week rejected a measure that would have permitted followers of the Mennonite religion to self-insure for motor vehicle insurance. The Senate vote was 20-14 to detour the bill on May 13, while the House vote the next …...
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May 19, 2025
Washington Roofing Company Fined $300K After Worker Falls From Roof
A Snohomish, Washington-based roofing company is facing more than $300,000 in state fines after a worker fell from a two-story home and was hospitalized. The Washington State Department of Labor & Industries cited Asset Roofing & Guttering In...
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May 19, 2025
Judge Scraps LA Sparks Player’s WNBA Suit; Can Pursue Claim Against Las Vegas Aces
A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August ...
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May 19, 2025
Mexican Navy Ship Hits Brooklyn Bridge, Killing Two on Crew
A Mexican naval vessel carrying 277 people scraped the bottom of the Brooklyn Bridge on Saturday evening, leaving two crew members dead. The tall ship Cuauhtémoc “lost power and crashed into the Brooklyn Bridge,” New York City Mayor Eric ...
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May 17, 2025
Severe Storm Batters St. Louis, Leaving At Least 4 Dead
At least four people died and authorities were searching from building to building for people who were trapped or hurt after severe storms including a possible tornado swept through St. Louis. The storms Friday afternoon tore roofs off buildings, rip...
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May 16, 2025
Edison Plans $6.2 Billion Fire-Prevention Plan After LA Blazes
Four months after devastating wildfires swept across Los Angeles, Edison International’s Southern California utility submitted a $6.2 billion mitigation plan that includes installing hundreds of miles of underground distribution lines, among ot...
