Firefighters are making progress on the biggest wildfire in California this year. Containment has increased on the Madre Fire to 35%. The wildfire on the central coast of California has burned 80,603 acres, prompting evacuation orders and closing part of …

Florida Gov. Ron DeSantis last week put his signature on House Bill 5013, which ends one state-backed level of reinsurance and slashes another one, a move that could perhaps create a little more demand for private reinsurance coverage in the …

Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them under state law. The …

This edition of International People Moves details appointments at Liberty Specialty Markets in Luxembourg and the Insurance Industry Charitable Foundation in Canada. A summary of these new hires follows here. Liberty Specialty Promotes Fraigneau to President, Europe, as Sinz Retires …

In response to the catastrophic flooding impacting portions of Texas, Virginia Governor Glenn Youngkin announced the deployment on Monday of two Virginia swift water rescue Teams to assist in the ongoing recovery efforts. The deployment is at the request of …

Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer, Markel, Undercover offers a unique …

India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an …

Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver and the accompanying …

Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “Florida entered the mid-year …

Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European …

US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20 reports …

Yemen’s Houthi militants continued to pound a commercial ship in the Red Sea — hours after beginning an assault on the vessel that left crew missing — the latest sign that the Tehran-backed group is once again escalating its threat …

Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …

Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance commissioner last …

Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report seen as a precursor to a broader intervention to help keep coal-fired power plants from …

The Venetian Resort on the Las Vegas Strip must pay $850,000 and implement policy changes to settle a religious discrimination and retaliation lawsuit. The suit, filed by the U.S. Equal Employment Opportunity Commission, names the Venetian Las Vegas Gaming LLC …

State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agents arriving with a smile and …

In 2023, the Canada wildfires that incinerated more than 17 million hectares (42 million acres) of boreal forest were so hot they melted the paint on approaching fire trucks and smoldered underground all winter. That heat created vast columns of …

Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records or legally …

The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service …