News for January 2025
- Inszone Acquires Texas Classic
- Willis Takes Donnelly From Marsh to Head North America Risk & Broking
- Norfolk Southern Says Insurance to Cover At Least $750M of Ohio Derailment Costs
- Tri-State Region Blood Center Hit With Ransomware Attack
- Texas Dairy, Poultry Producers Grapple With Bird Flu
- AM Best Revises Outlook to Positive for RLI
- Aon Reports Organic Growth of 6% for 4th Quarter and Full-Year 2024
- Hawaii Wildfire Victims Spared From Testifying After Deal Over $4B Settlement
- Howden Said in Talks to Buy Insurance Broker Risk Strategies
- Corporate ‘Irritation’ Over ESG Fueled by Significant Costs
- DeepSeek’s AI Restricted by ‘Hundreds’ of Companies in Days
- Floods in France Force Evacuations and Cut Power to Homes
- Australia Braces for Life-Threatening Floods as Six Storms Brew
- Brazil Insurer Porto Seguro Eyes Partners for Health Business, Sources Say
- Europe’s Insurers May Face New Capital Rules for Climate Risk
- People Moves: Tarby Moves to Permanent Plymouth Rock CEO; Inszone Insurance Creates Three Regional President Roles
- Insurance Group Touts Major Victory Over FCC Rule That Would Have Limited Robocalls
- Dubai Developer Plans Luxury Condo Project on Site of 2021 Surfside Collapse
- Killed Florida TV Reporter’s Parents Sue His Employer, Charter Communications
- People Moves: Newfront Names Maisonet Chief People Officer; BenefitMall Adds Kealamakia in Mountain West
- Pennsylvania Says It Blocked $180 Million in Auto, Home, Other P/C Insurance Hikes
- World Insurance Associates Acquires Stern Insurance Group in Arizona
- Diminished Value Not Covered by Standard Auto Policy, Massachusetts High Court Says
- Woman Found Guilty of Arson After Trying to Burn 3 Homes in Hamptons
- Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries
- Insurance Payouts at $4 Billion and Counting for LA Wildfires
- FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl
- Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI
- Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance
- Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills
- Florida-Based Brown & Brown Reports Stronger Profits for 2024
- Marsh McLennan Reports Organic Growth of 7% During Q4 and Full-Year 2024
- OSHA Fines GE Appliance Maker Max Amount in Death of Alabama Worker
- American Airlines DC Aircraft Collision Leaves No Survivors
- Fortress Targets $1 Billion for Latest Litigation Finance Fund
- Exposed Utility Wires May Have Contributed To LA’s Eaton Fire, Law Firm Says
- Net Income at Selective Insurance Drops on Unfavorable Casualty Reserve Development
- Alphabet’s Waymo to Test Autonomous Driving Technology in New Cities
- How Competitive Is E&S Property? Exec Views Vary
- Generali to Pay Out Over €7 Billion in Dividends by 2027
- EU Says Drive to Simplify Will Not Weaken Climate Agenda
- People Moves: Lloyd’s Promotes Cliff to CFO, Succeeding Keese; Ryan Re Appoints BMS’ Ryan as EVP to Lead Strategic Business Development
- Theft and Violence in UK Retail Soar to Record Levels, Survey Shows
- UK Government Agencies Vulnerable to Cyberattacks, Watchdog Says
- Flood-Prone New Zealand Says It Needs to Adapt to Climate Extremes
- Lawsuit Accuses Amazon of Secretly Tracking Consumers Through Cellphones
- As Small Businesses Try to Recover from LA Fire Devastation, A Variety of Aid Exists
- Pimco Warns LA City Utility Faces Steep Liabilities After Fires
- Maryland Regulator Resolved $33 Million in Insurance Complaints in 2024
- Claims Exec Who Defrauded Allied World Insurance Ordered to Prison, Pay $1.2M
- Judge Extends Ban on Alliant Employees Soliciting Marsh Agency’s Customers
- Oklahoma Issues Cease-And-Desist Against Unlicensed Auto Warranty Company
- East Palestine and Norfolk Southern Reach $22M Settlement for Train Derailment
- Michigan Joins Multistate Enforcement Action Against Block, Inc.
- Less Methane Leaked in West Texas, Report Says; Environmentalists Are Skeptical
- People Moves: Patel Named Chair of Canopius Managing Agents, Succeeding Meader; Evolin Broking Taps Downing From Miller to Launch Construction Division
- US, UK Ships Return to Red Sea After Houthis Vow to Hold Fire
- Transport Secretary Orders Fuel-Economy Rule Rewrite
- Tech Update: Aventum Invests $12 Million to Create Proprietary Tech Function
- MGM Resorts to Pay $45M to Settle Data Breach Lawsuit
- Worker Struck and Killed by Airplane Tug at Charlotte Airport
- Progressive Net Income More Than Doubles in 2024
- Worker Killed When House Under Construction Collapses in Massachusetts
- Alabama DOI Gives Deputy Commissioners New Responsibilities in Efficiency Move
- Fire Destroys Air Busan Plane in South Korea, All 176 Evacuated
- Chubb Posts Record P/C Underwriting Income for Q4 and 2024
- Climate Change Will Lead to Higher Deaths in Europe, Study Shows
- People Moves: Ignite Specialty Names Patel US Head of IP Underwriting; QBE North America Hires Finnis as SVP of Distribution
- Growth of Pet Insurance Continues as Market Could Reach $4.5B
- US Economic Losses From Natural Disasters Soared in 2024
- Mississippi House Bill Puts New Rules on PBMs, But May Do Little for Workers’ Comp
- Avian Flu Could Shutter Long Island’s Last Duck Farm
- People Moves: Brooks Insurance Adds Garabedian as Underwriting SVP
- Family of Wrongfully Imprisoned Disabled Man to Receive $5.9 Million
- Climate Change Made LA 35% More Primed to Burn, Scientists Say
- Washington Man on Workers’ Comp for 3 Years Caught on Video Carrying 48lb Table
- Maine High Court Invalidates Law Erasing Time Limit on Child Sex Abuse Claims
- Earthquake in Maine Rattles Houses, Nerves Across Northeast
- Uncertainty Looms for Michigan’s EV Industry Amid Federal Policy Changes
- Trucordia Acquires Louisiana’s CADA
- Corpus Christi Initiates Emergency Effort to Boost Water Supply
- ‘World’s Largest Truck Stop’ Fined $390K by EPA
- Florida Condo Sales Reach 10-Year Low as Median Price Dips, Report Shows
- Trump Asserts Federal Government Power Over California Water
- 2025 Agency Salary Survey: Deadline Approaching
- Not a Bear But a Fake Deer-Collision Claim Results in South Carolina Fraud Charges
- Markets/Coverages: DUAL Europe Launches Cyber Active Protect Solution
- APCIA: Insurance Markets Work Best Without Excessive Price Regulation
- AIG’s Hancock to Lead Global Personal Lines as Insurer Restructures Businesses
- Crew Abandon HK-Flagged Container Ship in Red Sea After Fire: Sources
- Everest Group Boosts Casualty Loss Reserves $1.7 Billion
- Storm Triggers Worst Floods in 40 Years in Northwest France
- Fuji Media, Rocked by Sexual Misconduct Allegations, Says Executives to Resign
- Ardonagh Netherlands to Buy Majority Stake in 2 High-Net-Worth Specialist Firms
- Oceans Are Warming Faster and Faster as the Earth Traps More Energy
- German Watchdog Raises Focus on Physical Risks Stemming From Climate Change
- People Moves: Kalinsky Named CEO of Plymouth Rock Management; Hunter Joins Protecdiv
- UnitedHealth Says Hack at Tech Unit Impacted 190 Million People
- Target Becomes Latest Company to Backtrack on DEI Initiatives
- J&J Talc Deal Should Be Rejected in Bankruptcy, Holdouts Say
- Southern California Edison: Details on Transmission Lines in Eaton Amid Wildfire Probe
- Ex-Yankee Mariano Rivera and Wife Deny Knowing of Church Abuse
- New Mexico P.I. First to Admit Guilt in Bribe Scheme to Get Drunk Drivers off Hook
- W.R. Berkley Posts Record Year With Q4 Net Income Up 45%
- NYC Scraps ‘Solvent’ Requirement in Revised Taxi Insurance Rules
- Texas Reports 564 Fatal Occupational Injuries in 2023, Down Slightly From Prior Year
- Kansas Cattle Farms Fined for Clean Water Act Violations
- Data Centers and Large Users Strain Texas Power Grid
- Southern California Edison Asked by Investigators to Preserve Gear at LA’s Eaton Blaze
- Ohio Residents Push Back Against $850K Bond to Appeal Derailment Settlement
- Merck’s $8 Billion Cancer Vaccine Faces First US Jury Trial
- Florida Authorities Investigating After Trooper Shoots Suspect at Ocala Hospital
- Mangrove, Another New Property Insurer, Enters Florida Market
- California Storm Raises Mudslide Risk, Closes Interstate
- Generali Global Corporate & Commercial Enters Launches Business Unit in India
- South Korea’s Preliminary Jeju Air Crash Report Focuses on Bird Strike
- Trump Proposes ‘Getting Rid of FEMA’ While Touring Disaster Areas
- Rhode Island Undertakes Phased Relaunch of Breached RIBridges Benefits Portal
- People Moves: Chubb’s Westchester Names Leaders of Three New Business Practices
- Climate Change Makes Fierce Winter Storms Like Éowyn Even Stronger
- Sweden Seizes Ship Suspected of Sabotage in Baltic Sea
- Update: Auditors Get Tougher Guidelines on Judging Firms’ Environmental Claims
- Trump Administration Halts Environmental Litigation, Sidelines Lawyers: Sources
- FTC Has Bipartisan Support for Merger Cases, Outgoing Chief Says
- Two Workers Injured in Explosion at Cannabis Facility
- PayPal Pays $2 Million Cybersecurity Settlement to New York Regulator
- Sky Zone in Washington Fined for Overworking Teens
- Maryland Man Convicted in $20 Million Insurance Fraud Scheme
- LA Wildfires by the Numbers: Insured Losses, Total Losses, Ratings, Rates
- Fitch Revises Mercury’s Outlook to Negative
- ZestyAI Approved in Minnesota
- Trump Administration Reviewing US Automatic Emergency Braking Rule
- Kansas Department of Insurance Recovers $11.8M in 2024
- Crop Trader Declares Force Majeure Along US Gulf During Rare Southern Snow
- Texas Asks Wall Street Firms for Details About DEI Efforts
- Specialist Risk Group Acquires Ecclesia Group’s Assets in Netherlands and Belgium
- Digital Lloyd’s Syndicate Ki Becomes Separate Company Within Fairfax Group
- Where Homeowners Rates Are Rising—and Who Is Raising Them Most
- LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch
- New York Obtains $1.065B Judgment Against Accused Predatory Lender
- French Families Sue TikTok Over Teen Suicides They Say Are Linked to Harmful Content
- Murdoch’s News Group Settles With Prince Harry, Leaving Questions Unanswered
- ‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
- Storm Éowyn Leaves Thousands Without Power, Grounds Flights
- US Health Agencies Cancel External Meetings, Travel After Trump Admin Directives
- MLB Orders Employees to Return to Office Five Days a Week
- Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama
- Florida, Louisiana Sugarcane Could Be Hurt by Winter Storm but Citrus Was Spared
- J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
- OSHA Cites Contractor in Death of Worker Who Fell From Boston Theater Scaffold
- People Moves: MEMIC Promotes Holbrook; XS Brokers Hires Dawson
- People Moves: CIWA Names New Executive Board and Incoming Members
- Purdue Pharma, Sacklers Reach $7.4B National Opioid Settlement
- Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America
- Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
- Moody’s Expects LA Wildfires to Increase Property Insurance Costs Across State
- Oklahoma Commissioner Unveils OKReady Grant Program Launch Details
- People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment
- Roller Derby League Loses Bid to Temporarily Block Ban on Trans Athletes
- Ohio Pastor Found Guilty for Violating City Fire Code by Sheltering Homeless
- Markets/Coverages: Descartes Launches Parametric Tornado Coverage for Solar Farms
- People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group
- KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B
- Cargo Theft Surges to Record Levels in 2024
- New Wildfires Erupt in California, Forcing Thousands to Evacuate
- Sky Betting Illegally Collected Gambler’s Data, Court Rules
- OPTIS: 2024 Insurance Agency M&A Down 10%, Highlighted by 3 Large Deals
- Highstreet Expands Again With Acquisition of Winder Insurance in Georgia
- Worst Snowstorm in 130 Years Plunges US South Into Frigid Chaos
- Banks Have Unfair Edge Over Insurers in M&A Race: NN CEO Says
- Everest Group Names Williamson as Permanent Chief Executive Officer
- Storm Éowyn Set to Bring ‘Weather Bomb’ to UK and Ireland
- People Moves: Scully Appointed President of Automobile Insurers Bureau
- China Guides Mutual Funds, Insurers to Invest More in Stocks
- Dutch Willing to Help Insurers Invest in Defense, Minister Says
- India Widens Approvals for Russian Insurers After Oil Sanctions
- Insurtechs’ Approach to Wildfire Insurance: Part III – Faura
- Does Florida’s 15-Year Roof Age Rule Discourage More Wind-Resistant Products?
- People Moves: Washington Insurance Commissioner Kuderer Adds to Executive Staff
- Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim
- Ash Left Behind by LA Wildfires Might Be Toxic, Experts Warn
- Crown Stolen from Virgin Mary Statue at Philadelphia Church
- Microsoft’s LinkedIn Sued for Disclosing Customer Information to Train AI Models
- Flow Specialty Says Its AI Agent Passed RPLU Exams
- South Dakota Bill to Protect Farms From Spying Could Limit Access to Data
- Highstreet Acquires Missouri’s Siebert Agency
- Texas Regulators Overhaul Oilfield Waste Rule
- Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B
- Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads
- Travelers Posts 28% Increase in Q4 Net Income
- Wildfire-Risk Models Are Struggling to Predict LA-Style Fires
- Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says
- People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit
- Tennessee to See Another Drop in Average Workers’ Comp Costs This Year
- People Moves: Arch Promotes Thompson to Offshore Energy Underwriting Manager; WTW Names Mamone as Head of Tech Delivery and Strategy
- Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion
- Citigroup Must Face New York Lawsuit Over Handling of Fraud Scams
- Trump Puts Federal DEI Staff on Paid Leave as Cuts Take Shape
- AXA XL Supports UK’s First Development-Stage Accelerator for Climate Tech Businesses
- Storm Éowyn Set to Hit UK With Damaging Winds and Heavy Rains
- EU Is Set to Shrink ESG Reporting Rules Amid French Demands
- Six Years Post Fatal Disaster, Mines Start Global Waste-Dam Body
- South Korea to Change Airport Design After Deadly Jeju Air Crash
- Houthis Say US and UK Ships Can Safely Take Red Sea Passage
- People Moves: Allianz Commercial Names Region Heads of Property, Financial Lines; New Leadership Roles at Resilience
- Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle
- Alliant Employees Blocked From Soliciting Former MMA Clients
- Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene
- New York Proposes Plan to Stabilize Broken Taxi Insurance Market
- Hawaii Fireworks Injuries Comparable to Those Seen on Battlefield, Doctor Says
- Connecticut Resiliency Plan Includes Flood Insurance, History Notification Mandate
- Washington House Flippers Fined $116K Over Asbestos Removal Rules
- New Orleans Landscaper Ordered to Pay $319K in Back Wages
- Tropolis Acquires 4 Agencies in Midwest
- LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag
- Trump Curtails Protections Around Diversity, LGBTQ Rights
- Florida Snowman: As Ice and Snow Come to the State, DeSantis Declares Emergency
- Trucordia Acquires Rusty Healy Agency in Mississippi
- US Upgrades Probe Into Emergency Braking Issues in Certain Honda Vehicles
- FEMA Transfers $758M in US Flood Program Risk to 27 Private Reinsurers
- Kaplansky Insurance Buys 3 Massachusetts Agencies
- Generali, BPCE to Form Europe’s Second-Largest Asset Manager
- People Moves: SCOR UK Promotes Mummé-Young to CUO; QBE Taps Allianz’s Marega for New Role as European Product Manager, Professional Indemnity
- Southern Taiwan Hit by 6.4 Magnitude Quake, TSMC Evacuates Some Factories
- UK’s Reeves to Meet Key Financial Services Sectors
- EEOC Sues Two Automakers, Alleging Discrimination and Harassment
- Walgreens Ignored Red Flags in Dispensing Opioids, US Says
- Michigan Adult Care Company to Pay $170K in EEOC Lawsuit
- Extreme Cold and Record Snowfall to Test Texas Power Grid
- Insurtechs’ Approach to Wildfire Insurance: Part I – Delos
- North Carolina Settles on 15% Increase in HO Rates
- Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork
- Rainbow Gets $8M Series A Funding to Expand Small Business Offerings
- New Jersey Officials Cleared of Wrongdoing in Menendez Corruption Case
- Poll: Two-Thirds of Northwest Drivers Feel Comfortable Driving in Snow And Ice
- New York, New England Surplus Lines Insurance Groups Merge
- World Insurance Associates Acquires Business Contractors Insurance in California
- Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B
- City of London’s Tallest Tower Fully Leased With RiverStone International Deal
- Four Canadian Banks Quit Climate Group as Exodus Begun by Wall Street Picks Up
- Red Sea Trade Route to Remain too Risky Even After Gaza Ceasefire: Industry Executives
- EU Plans Ban on ‘Forever Chemicals’ in Consumer Products
- Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule
- Wisconsin’s Rural Mutual and Badger Mutual Finalize Affiliation Agreement
- Cleveland City Files Lawsuit to Prevent Browns’ Move to Suburban Dome
- Deere & Co. Accused of Forcing Farmers to Use Authorized Dealers for Equipment Repair
- CFPB Finds Properties May be Underinsured in Non-Coastal Flood Zones
- Texan Insurance Acquires J&M
- General Motors Settles With FTC Over Sharing Driver Data
- P/C Market Profit Improvement Expected to Continue Through 2026: Triple-I, Milliman
- Los Angeles Pushes to Rebuild Homes Fast, Despite Wildfire Danger
- NC Court Says Mother Can Sue Trooper After Student Killed in Ride-Along
- Trump’s Miami Resort Wins Approval for $3 Billion Condo Project
- People Moves: Arch Insurance Int’l Promotes Senior Leaders in Casualty Team; Markel Taps Chubb’s Jordan as Casualty Claims Manager in Australia
- Smoke, Coverage Issues Cloud Wildfire Forecast: $35-$45B Losses Insured
- Seibels Bruce, One of the South’s Oldest Insurance Companies, Closes its Doors
- Damaging Megadroughts Are Spreading Around the World
- France Steps Up Checks After Foot-and-Mouth Outbreak in Germany
- Broker Juniper Re Enters London With Industry Veteran Hawke at Helm
- South Korea’s Crashed Jet Reveals Bird Feathers in Both Engines
- Tanker Under US Sanctions Discharges Oil at Chinese Port: LSEG Data
- Maritime Sources Expect Houthis to Halt Red Sea Attacks After Gaza Deal
- Cyber Insurance Market to Expand as Risks Evolve: Gallagher
- Actuary Group Forecasts Climate Change to Have Massive GDP Hit Without Policy Action
- FBI Warned Agents It Believes Phone Logs Hacked Last Year
- One Call Names Mendez CEO, Alliant Adds VP Cassidy in Florida
- King Risk Adds to SW Florida Presence with Bruce Hendry Agency
- School Employee Kicked 25 Times in 11 Days Denied Workers Compensation
- Perdue Farms to Pay $4 Million For Letting Children Work Hazardous Jobs
- California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline
- Damages Upheld for Man Whose Ex-Girlfriend Shared Nude Photo Without Permission
- MGIS Extends Specialized Disability Insurance to Advanced Practice Clinicians
- Moody’s Says LA Fire May Pose Risk to Southern California Edison
- Insurance Council of Texas Provides Expert Tips for Winter Weather
- People Moves: Bigglestone Named Acting Commissioner in Vermont; Protecdiv Welcomes Skowronski; DellaTorre Joins Alliant
- Holmes Murphy Expands In Des Moines With Second Location
- Minnesota Staffing Firm to Pay $300K for Discriminatory Hiring Practices
- Extreme Cold From NY to Texas Threatens to Topple Records
- Michigan Little Caesars Franchisee to Pay $26K in Child Labor Violations
- White House Aims to Bolster Cybersecurity With Last-Minute Order
- Will California’s FAIR Plan Have Enough Cash for Its Wildfire Claims?
- A Los Angeles Actuary on Lessons From the Palisades Fire
- DOJ Reports $2.9B Recovered in False Claims Act Litigation
- Jack Daniel’s Parent Firm to Cut Workforce, Close Barrel Plant in Kentucky
- New West Virginia Governor Axes DEI and Enacts Vaccine Exemptions on Day One
- Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’
- Family of Alabama Man Killed by Police Will Get $750,000 Settlement
- Maine Town’s Plan to Remove Two Dams Includes Marina Insurance Measure
- Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
- Bayer Faces Billions in Payouts for Decades-Old Toxic Mess
- People Moves: Lloyd’s Names AIG Veteran Baugh as Council Member; White Bear Managers Taps Former Castel Bloodstock Underwriters Woodward and Long
- Lloyd’s Syndicate AEGIS London Launches Portfolio Solutions Division
- Extreme Ocean Heat Breaks Records in 2024, Creating 2 Mysteries to Solve
- Family Seeks Record $2.6 Billion After Fatal Helicopter Crash
- Reeves’ Pressure on UK Watchdogs Spooks Financial Crisis Veterans
- An Increase in Identity Theft, Cybercrime Predicted in 2025
- People Moves: NAMIC Promotes Cotto to Counsel of Federal and Political Affairs
- Economists Say Los Angeles Fire to Have Limited National Economic Impact
- Generali Near Deal With Natixis for Asset Management Venture
- Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations
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