Monthly Archives: <span>January 2025</span>

General Motors Settles With FTC Over Sharing Driver Data

The US Federal Trade Commission has reached a settlement with General Motors Co. over claims the automaker deceived drivers by collecting their personal data and sharing it with third parties. As part of the settlement, GM will be banned for …

P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman

The “gap is closing” between commercial lines and personal lines underwriting results as the insurance industry overall is expected to continue its run of premium growth and improved underwriting results over the next 2 years. According to a report from …

Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger

California politicians are rushing to make it easier for residents to rebuild their homes incinerated in the Los Angeles firestorms. That means waiving green construction mandates designed to combat climate change — which is driving such conflagrations by making conditions …

NC Court Says Mother Can Sue Trooper After Student Killed in Ride-Along

RALEIGH, N.C. (AP) — The mother of a North Carolina university student killed while on a ride-along in a Highway Patrol cruiser can continue suing for gross negligence the trooper who drove off the road during a high-speed chase, a …

Trump’s Miami Resort Wins Approval for $3 Billion Condo Project

Donald Trump will leave Mar-a-Lago and head to Washington next week to be sworn in as president. On his way out of South Florida, his family business scored a long-sought local victory. In a 4-0 vote on Wednesday, the Doral …

People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia

This edition of International People Moves details appointments at Arch Insurance International and Markel. A summary of these new hires follows here. Arch Insurance Int’l Promotes Senior Leaders in Casualty Team Arch Insurance International announced three senior promotions within its …

Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured

CoreLogic announced a preliminary range of insured losses for the Eaton and Palisades Fires in Los Angeles of $35 billion to $45 billion, but there are a lot of factors that could change the numbers. “We don’t know,” Tom Larsen, …

Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors

Two decades after its subsidiaries were deemed insolvent and 155 years after it was founded, one of the oldest insurance companies in the South has officially gone out of business. Seibels Bruce & Company’s 128,000-square-foot office building in Columbia, South …

Damaging Megadroughts Are Spreading Around the World

Severe drought conditions have helped fuel the Los Angeles wildfires. But a new study, released Thursday in the journal Nature comes with a warning: Climate change is making catastrophic, multiyear “megadroughts” much worse around the world. Droughts are relative — …

France Steps Up Checks After Foot-and-Mouth Outbreak in Germany

France has reinforced checks for foot-and-mouth disease (FMD) and issued alerts to veterinarians after an outbreak of the highly contagious virus was detected in cattle in Germany last week, prompting trade bans from several countries. France is trying to protect …