Louisiana Plans $1.1B Investment in New Orleans Land Bridge Restoration
There’s an increasingly narrow strip of New Orleans marshland that hardly anyone lives on, but without it, hundreds of thousands of people will face far greater risks from storms and floods. The area, commonly called the New Orleans Land Bridge, …
Texas State Fire Marshal’s Office Probes Deadly Residential Fire in Odessa
The Texas State Fire Marshal’s Office (SFMO) said it is investigating a residential fire in Odessa that resulted in the death of one firefighter and injured six others. Firefighters from Odessa Fire Rescue and West Odessa Volunteer Fire Department were …
APCIA Tells Michigan Senate to Oppose Bill Mandating Auto Rate Reductions
A Michigan Senate Committee this week advanced a bill that would mandate auto insurance premium reductions of at least 10% without reduced benefits, Sen. Jeff Irwin (D-Ann Arbor) authored SB 328, which he says will lower car insurance premiums for …
People Moves: Donegal & Michigan Insurance Promotes Faber to Regional VP as Veenstra Retires
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, and its member company, Michigan Insurance Company, promoted Rob Faber to regional vice president of the group’s Greater Midwest region. Faber succeeds Melissa Veenstra, who will retire on July 2. Faber joined the …
People Moves: HDI Global US Appoints Salmon Head of Cyber Underwriting; AXA XL Names Giordano Global Chief Underwriting Officer
HDI Global US Appoints Salmon as Head of Cyber Underwriting Corporate and specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Jill Salmon as head of cyber underwriting at HDI Global U.S. Salmon will play a key part in …
Trump Says Illegal Immigration Increased Car Insurance but Experts Say Otherwise
President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor’s time in the White House for a prior increase. In a Monday post on Truth Social, …
Flood Insurance Gap Will Squeeze Local Governments and Homeowners, Moody’s Says
The flood insurance gap in the United States is big and it’s not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to increasing rainfall amounts, stronger storm …
IMA Latest to Sue Howden Over Alleged Employee Poaching
Howden is being sued again, this time by IMA Financial Group. IMA said in a federal lawsuit filed in U.S. District Court in Oregon that its former employer, Alexander Hamilton, allegedly conspired with Howden US to “orchestrate the coordinated resignation …
Dali Engineer Reaches Deferred Prosecution Deal Over 2024 Key Bridge Collapse
The chief engineer of the cargo ship Dali that destroyed Baltimore’s Francis Scott Key Bridge in a March 2024 collision that killed six construction workers reached a deferred prosecution agreement, the government said on Thursday. The Justice Department said Karthikeyan …
People Moves: ZestyAI Names Friend CFO and Ross SVP; Alliant Names Ackerman VP
ZestyAI Names Friend CFO and Ross SVP, Client Development ZestyAI appointed David Friend as chief financial officer and John Ross as senior vice president of client development. Both executives have decades of experience in insurance and enterprise technology. Friend has …
Meta Lobbies Congress for Protection From Child-Harm Lawsuits: Reuters
Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with the …
Conn. Extends Uninsured Motorist Coverage to State’s Transportation Workers
Governor Ned Lamont has signed a memorandum of understanding with the state employee union requiring the state to extend uninsured and underinsured motorist coverage to Connecticut Department of Transportation (CTDOT) employees who maintain roads and highways. The agreement with the …
Inszone Acquires Webtec Insurance Services in Colorado
Inszone Insurance Services acquired Webtec Insurance Services Inc. Webtec is a specialized insurance agency primarily focused on auto and homeowners insurance. Originally based in California, which remains the bulk of its business, the agency later relocated its home base to …
Mangione Drops Psychiatric Defense Bid for New York Murder Case
Luigi Mangione, the man accused of gunning down a health insurance executive on a Manhattan sidewalk, is for now withdrawing plans to introduce evidence at trial that he was undergoing an extreme mental health crisis at the time of the …
Zurich Sees Data Center Boom Spurring Insurance Securitization
The level of investment into data centers globally may soon make it necessary for insurers involved to begin selling securitization products to spread the risk among a broader pool of investors, according to Zurich Insurance Group AG. “I do anticipate …
People Moves: Sunstar Names Hearst as EVP, National Growth and Sales Strategy
Sunstar Insurance Group announced the appointment of Brad Hearst as executive vice president, national growth and sales strategy. Hearst brings extensive insurance-industry leadership experience in driving organic growth, developing high-performing sales organizations and building disciplined sales processes that deliver measurable …
Wastewater Leak Under Texas Church Parking Lot Causes Millions in Damage
An old oil well sprang back to life under the parking lot of the First Baptist Church of Grandfalls in April. Over the next eight days, more than 1.5 million gallons of toxic wastewater flowed out of the earth, according …
Major Hack Campaign Against Fortinet Devices Hits Prominent Organizations
Researchers say a sweeping hacking campaign targeting devices made by Fortinet has led to compromises across the internet, with evidence of password theft at Fortune 500 companies and government agencies in more than 15 countries. Most of the affected devices …
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows
California homeowners pay 41% below the national average for homeowners insurance, a study from LendingTree shows. LendingTree’s State of Home Insurance: 2026 report, which is based on rates publicly sourced from insurer filings, shows California homeowners paid an average of …
People Moves: Fortegra, Alabama DOI Put New Faces in Key Roles
Fortegra Group, the Jacksonville-based parent company of specialty insurers, named Anthony Katz, a longtime actuary, as senior vice president for reserving. Katz will lead Fortegra’s team of actuaries, overseeing reserving, credit insurance, statistical reporting and compliance with the new IFRS …
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