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

Dallas Area Reports First Measles Case, in Middle School Child

A middle schooler in the Dallas-Fort Worth area has tested positive for measles, the first known case in the urban area, a health official from Collin County confirmed. The young person is located in Lucas, about 30 miles north of …

Louisiana Dept. of Insurance Earns NAIC Accreditation; Names Leadership Roles

The Louisiana Department of Insurance (LDI) said it has successfully completed the requirements and earned full national accreditation from the National Association of Insurance Commissioners (NAIC) for its work to promote effective financial solvency regulation. NAIC CFO James Woody said …

Georgia Commissioner Says Rates to Drop This Year After Tort Reform Passage

Georgia Insurance Commissioner John King predicted property-casualty insurance rates will drop 3% to 5% in the next year after lawmakers approved significant tort reform measures. He also seemed to warn insurance companies about filing for major increases, according to news …

Ohio Jury Rules Norfolk Southern Liable for $600M Settlement in Train Derailment Case

The company that owned the railcar that caused the devastating East Palestine train derailment in 2023 won’t have to help pay for the $600 million settlement Norfolk Southern agreed to with residents. An Ohio jury decided Wednesday that GATX isn’t …

Judge Awards North Dakota Nearly $28M Over Dakota Access Pipeline Protests

A federal judge on Wednesday found the state of North Dakota entitled to nearly $28 million for responding to protests of the Dakota Access oil pipeline in 2016 and 2017 — a win for the state in its multiyear effort …

Business Moves: Ardonagh Acquires Zurich’s SRB Assekuranz Broker; Optio Completes Purchase of Norwegian MGA, S Insurance

Ardonagh Acquires Zurich-Based SRB Assekuranz Broker The Ardonagh Group, the London-based independent insurance distribution platform, announced it has acquired the Zurich-based broker SRB Assekuranz Broker AG (SRB). Founded in 1980, SRB focuses on corporate customers, primarily in the industrial sector. …

World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market

The world’s first-ever exchange-traded fund based on catastrophe bonds has failed to get the seed capital it expected after launching on the eve of the Trump administration’s tariff war. “Some of our seed capital investors are sitting on the sidelines …

Britain’s M&S Stops Taking Online Orders After Cyber Attack

Marks & Spencer stopped taking online orders in the UK and Ireland on Friday following a cyber attack which it reported earlier in the week, an announcement which sent its shares down by 5%. The British company, which sells its …

California Wildfire Losses Cause 16% Fall in The Hartford’s Q1 Net Income

Net income at The Hartford decreased 16% to $630 million in the first quarter 2025, driven by losses from the California wildfires. Property/casualty catastrophe losses for Q1 2025 were $467 million pretax—$325 million, net of reinsurance, from the California wildfires …

Lawmakers Agree to Pay $807M Into Lahaina Wildfires Settlement Fund

It’s not often that applause breaks out in the audience after a vote at the Hawaiʻi Legislature, but that one afternoon this week. The measure was House Bill 1001, and the subject was settling claims related to the August 2023 …