Recent Insurance Industry News

AIG Underwriting Income More Than Triples in Q1

• Viewpoint: Decades-Old Approach to Workers Comp Claims Must Change

• Manufacturing Industry Top Target of Costly Cyberattacks: Report

• US House Passes Farm Bill After Scrapping Pesticide Language Opposed by MAHA

• FDA Says Testing Reveals Domestic Infant Formula Supply Is Safe

• With New Program, Indie Agents Can Start Selling Root Insurance in 24 Hours

Iran War Is ‘Supercharging’ Clean Energy Transition, UN Climate Chief Says

• Trader Mercuria Sues Baltic Exchange Over Hormuz Freight Losses, Court Filing Shows

• Only Iran-Linked Traffic Moves Through Hormuz Amid Blockades

• Markets/Coverages: Marsh Risk’s D&O Facility Offers Unlimited ‘Any One Claim’ Cover

• Arch Insurance EU Launches Europe Property Operations, While Opening Milan Office

• People Moves: Howden Re Expands Cyber Reinsurance Team With 5 New Hires; Zurich Promotes McBride to Newly Created Role as Head of International Construction

Upstate New York Agent Pleads Guilty to Stealing More Than $50M From Neighbors

• Protective Life to Acquire P/C Specialty Insurance Carrier Obsidian

• FM Earns Guinness World Records Title for ‘Largest Display of Fire Sprinklers’

• New Hampshire Ups DUI Test Refusal Penalty

• Trucordia Acquires Paradiso Insurance of Connecticut

• That Dog Won’t Hunt. Jury Awards $5.2 Million to Accident Victim.

Missouri Hailstorm Damages Hundreds of Vehicles

• Michigan Gravel Company Agrees to Settlement Over PFAS Contamination

• Steel Company Faces $12M Settlement Over Contamination at Ohio Site

• St. Louis Alderman Sentenced to 16 Months for Insurance Fraud

• Kansas Man Sentenced to Probation for Insurance Fraud

• Fast-Moving Storms Batter the Midwest With Hail, Heavy Rain

Texas Camp Won’t Reopen This Summer Following Flood Deaths

• Texas Hill Country on Alert for Flooding as Heavy Rains Approach

• Inszone Acquires Arkansas’ Mena Insurance Agency

• Texas Seeks to Ban In-Home Ketamine

• 2 Young People Arrested in Alleged Plot to Attack Texas Synagogue

• Data Center Boom Strains Texas Homebuilders’ Need for Electricians

Florida Firms Introduce New Tarp and Flood-Protection Products

• Charlie Crist Is Running for St. Petersburg Mayor

• Kentucky Insurance Agent Pleads Not Guilty in Church Premium Fraud Case

• Tenn. Detective Facing Charges of Burning His Own Car, Filing False Insurance Claim

• Rain Helped, But Georgia Officials Warn That Wildfires Still a Threat

• Mississippi Middle School Students Stop Bus From Crashing After Driver Blacks Out

LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say

• Workers’ Comp Bureau of California Submits Pure Premium Filing of 10.4%

• Musk Gets Apology From California Regulators as SpaceX Suit Is Settled

• IICF’s Western Division Celebrates $670,000 in Grants; Alphabet’s Nickel Honored

• California Gasoline Price Surges Above $6 as Iran War Fans Gains

• Billionaire Tax Proposal in California on Track to Qualify for Ballot, Say Backers