New Regulations for Texas Hemp Industry Approved
New regulations for the consumable hemp industry were approved by the Texas Alcoholic Beverage Commission on Tuesday, concluding the agency’s involvement in a yearlong effort to more tightly regulate the products in the state. The rules change little for the …
Texas Faces Freeze While Weekend Snow Risks Rise in New York
A massive winter storm will sweep across a huge swath of the US starting Friday, freezing Texas before roaring up the East Coast, where New York City and Boston are seeing a strong chance of heavy snow by Sunday. Air …
Trucordia Continues Expansion With Acquisition of Florida Insurance Inc.
Trucordia, ranking in the top 20 largest U.S. insurance brokerages, has again expanded its reach, this time with the acquisition of Florida Insurance Inc. in Dunedin, near Tampa. Trucordia, based in Lindon, Utah, offers commercial and personal lines and employee …
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data
Insurtech Lemonade said it has launched Lemonade Autonomous Car insurance, and will begin with a technical collaboration with Tesla that gives the insurer access to vehicle data. For starters, Lemonade said the new offering cuts per-mile rates for Tesla’s full …
Japan’s TEPCO Restarts Nuclear Reactor for First Time Since Fukushima Disaster in 2011
Tokyo Electric Power Co. (TEPCO) Wednesday restarted a reactor at the Kashiwazaki-Kariwa nuclear power plant after inspections were completed, its first such move since the Fukushima disaster in 2011. TEPCO put online the 1.36 gigawatt (GW) reactor No. 6, one …
Experts Can Testify About Suspected J&J Talc Products’ Cancer Link
In a victory for thousands of women suing Johnson & Johnson over claims that the company’s baby powder and other talc products caused their ovarian cancer, a court-appointed special master recommended on Tuesday that they be allowed to present testimony …
EU ‘Fully Prepared’ to Hit Back Over Trump’s Greenland Tariffs
The European Union is ready to strike back at Donald Trump over his tariff threats as he seeks to take Greenland, European Commission President Ursula von der Leyen said, toughening her rhetoric against the US president. “We are at a …
CEO Revenue Confidence Hits 5-Year Low: PwC Survey
Only three in 10 chief executives are confident in their companies’ revenue growth prospects over the next year, the lowest level in five years, according to a global survey by professional services group PwC released on Monday. The annual survey …
PE Firm TowerBrook Takes Stake in Insurance Claims Company MSA Mizar
Investment firm TowerBrook is acquiring a majority stake in MSA Mizar, an insurance claims management services provider, marking its first deal in Italy since it opened an office in Milan last year. MSA Mizar’s existing investor Columna Capital and the …
Viewpoint: Inside the Machinery of Medical Abuse in Liability Claims
Within the realms of general liability (GL) and workers’ compensation (WC) insurance lines, medical abuse is often considered in narrow terms — excessive treatment, unnecessary surgeries, inflated bills. While such behaviors are indeed problematic, a wider spectrum of medical abuse …
Battle Between Applied Systems and Comulate Escalates With New Antitrust Lawsuit
The battle between Applied Systems and Comulate has taken a new turn with a new federal antitrust lawsuit from Comulate. Late last year the competitors in the insurance technology market traded litigation. Applied Systems sued Comulate on allegations that Comulate …
Allianz Executive Pushes EU to Pressure US With Market Volatility
European policymakers should fuel market turbulence to pressure US President Donald Trump to back down from his Greenland claim, according to a senior executive at Allianz Global Investors. “If I were an adviser to some European governments, I would say …
Bermuda Re/Insurers to See U/W Profit Drop; M&A Returns as Organic Growth Wanes
Bermuda-based re/insurers monitored by Fitch are expected to see a drop in underwriting profit in 2025, reporting an average combined ratio of 92%, up from 90.7% in full-year 2024, the ratings agency said. For the first nine months of 2025, …
Alabama DOI Report Shows Litigation Is Up, Raising Liability Costs and Rates
A new report from the Alabama Department of Insurance shows claims litigation and big verdicts are on the rise in the state, inflating loss costs for insurers and putting upward pressure on auto and commercial liability premiums. “…The average paid …
World Insurance Acquires Jersey Coast Insurance
World Insurance Associates reported it has acquired the business of Jersey Coast Insurance of Margate City, New Jersey. Terms of the October 1.2025 transaction were not disclosed. Jersey Coast Insurance offers both personal and commercial lines of insurance; specializing in …
Kaiser Permanente Affiliates Paying $556M to Resolve False Claims Act Allegations
An integrated healthcare consortium headquartered in Oakland, California, that are affiliates of Kaiser Permanente agreed to pay $556 million to resolve allegations that they violated the False Claims Act by submitting invalid diagnosis codes for their Medicare Advantage Plan enrollees. …
Judge Allows Virginia Offshore Wind Project to Restart in Another Setback for Trump
A federal judge on Friday cleared U.S. power company Dominion Energy to resume work on its Virginia offshore wind project, the third legal blow this week to President Donald Trump’s anti-offshore wind agenda. Judge Jamar Walker of the U.S. District …
Appeals Court Asks Arizona Justices to Define ‘Fortuitous Loss’
What constitutes a fortuitous loss in Arizona? That’s the question the 9th U.S. Circuit Court of Appeals has asked the Arizona Supreme Court to answer to resolve a commercial property damage dispute. The circuit court is seeking clarity from the …
Oregon Baby Still Battling Botulism After ByHeart Formula Exposure
A Portland, Oregon, boy is struggling to recover from infant botulism after drinking contaminated ByHeart baby formula donated through a program that aims to help poor and homeless families. Ashaan Carter, now 10 months old, was hospitalized twice and remains …
NHTSA Opens Probe Into About 600,000 GM Vehicles Over Engine Failure Issue
The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query into about 597,571 vehicles from General Motors over engine failure. The recall affects GM vehicles equipped with a L87 6.2L V8 gas engine that experienced …
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