Recent Insurance Industry News

AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S

• Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils

• Loss of FEMA Program Spells Disaster for Hundreds of Communities and Projects

• People Moves: Mosaic Promotes Duggan to Lead North American Claims; Hiscox Names Sinkus CUO in US; EPIC Appoints Jackson Managing Principal, Global Leader

• Arch Capital’s First-Quarter Profit Halves on LA Wildfire Losses

• Tech Update: WTW Launches AI Monitoring Tool ‘Radar Vision’ for Insurers; Tariff Simulator Added to Marsh McLennan’s Sentrisk

Insured Losses Could Hit $145B in 2025, Driven by Rising Claims From Secondary Perils

• Co-op Is Latest British Retailer to Be Hit by Cyberattack

• UK Warned Cuts to Flood Defense Are Too Dangerous to Consider

• Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade

• Companies Count the Costs After Blackout in Spain and Portugal

• People Moves: SiriusPoint Taps AIG’s Gibson as International Chief Underwriting Officer; Howden Appoints McLaughlin From Chaucer to Lead Howden Re Miami

Church Agency Denied Exemption for Nixing Married Gay Employee’s Insurance

• Three Rhode Island Men Charged in Theft of Thousands of Catalytic Converters

• People Moves: Dorn Named to Maryland Insurance Administration Post

• New Jersey Wildfire 75% Contained; Crews to Remain on Scene Until ‘Significant’ Rain

• New Hampshire Settles Second Youth Center Abuse Case for $4.5M

• Warner Bros Fends Off Superman Copyright Lawsuit Ahead of New Movie

AM Best Revises Outlook to Negative for Missouri Valley Mutual Insurance Company

• Car Smashes Through Illinois Building, Killing 4 Young People and Injuring Others

• North Dakota Enacts Law Shielding Bayer From Roundup Lawsuits

• Indiana Steel Mill Processor Fined $190K for Clean Air Act Violations

• Severe Weather Outbreak Threatens Central US With Tornadoes and Large Hail

• Midwest Trucking Company to Pay $45K Over Discrimination Disability Lawsuit

Strengthen Oklahoma Homes Program to Hold Second Pilot Launch

• Three Workers Killed in Scaffold Collapse at LNG Plant in Texas

• Tariff ‘Chaos’ Drags Key Texas Manufacturing Gauge to Worst Since 2020

• Wastewater Is Polluting Rivers and Streams in Central Texas

• Uvalde Approves $2M Settlement for Families of Elementary School Shooting Victims

• Risk Strategies Acquires Texas’ GMC Advisors

Heritage Files Libel, Defamation Suit vs. Adjuster After ’60 Minutes’ Report

• Aspen Specialty Settles With Condo in $11M Nashville Bombing Coverage Dispute

• Many Snowbirds Looking to Pack Up and Fly North For Good; Florida Hit Hard

• Historic Memphis Church a Total Loss After Late-Night Fire

• Clearwater Boat Crash Kills One Person, Injures 10 at End of Festival

• FBI Raided the Wrong House. Now the US Supreme Court Will Hear Their Lawsuit

LA Utility Returns to Muni Market for First Time Since Wildfires

• With LA Wildfire Suits Looming, Edison Beats Estimates on Lower Expenses and Rate Hikes

• California Proposes Allowing Testing of Self-Driving Heavy-Duty Trucks

• People Moves: Smith Joins Alliant Employee Benefits as VP, Sales Director

• Major Automakers Want Congress to Bar California 2035 Electric Vehicle Plan

• Call Center Workers’ Comp Fraud Scheme Targeting Spanish-Speakers Leads to Charges