California Insurance Commissioner Race Has Diverse Field, With ‘Insurance Crisis’ at Center of Platforms
The race for the California Insurance Commissioner post has drawn 11 candidates covering several parties, and backgrounds that include two insurance agents, a former broker, a state legislator and a former state legislator. Addressing the state’s “insurance crisis,” which took …
Amwins Partnering With Vivere on California FAIR Plan Wrap Product
Amwins and Vivere have partnered to launch a California FAIR Plan Wrap product. Developed by Vivere and distributed through Amwins, the product offers comprehensive coverage and fast quotes to the entire portfolios of California FAIR plan insureds, including commercial and …
Iran Shows Off its Control Over Strait After Collapse of Peace Talks
Iran flaunted its tightened grip over the Strait of Hormuz on Thursday with video of its commandos storming a huge cargo ship, after the collapse of peace talks that Washington had hoped would open the world’s most important shipping corridor. …
Labor Department Unveils Proposal on Contract, Franchise Worker Pay
President Donald Trump’s administration on Wednesday moved to make it more difficult to hold companies liable when their contractors or franchisees violate federal wage laws. The U.S. Department of Labor unveiled a proposed rule that would narrow the circumstances in …
Lawsuit Accuses JetBlue of Using Customers’ Personal Data to Raise Air Fares
JetBlue has been sued in a proposed class action claiming it uses customers’ personal data to set ticket prices, after its response to a social media post raised concern that the carrier employed “surveillance pricing” to make flying more expensive. …
Midwest Soybean Farmers Face Financial Struggles Amid Rising Costs
Strong winds whipped around Doug Bartek, a fifth-generation farmer, as he headed into a grain bin to shovel soybeans onto a conveyor chute. The 60-year-old was anxious at the onset of the spring planting season, rattling off the long list …
‘The Arms Race Is On’: Chubb’s Greenberg on Mythos, Middle East
When it comes to Anthropic’s Mythos as friend or foe, Chubb CEO Evan G. Greenberg said the “arms race is on.” Speaking during a conference call to discuss first quarter earnings, Greenberg told analysts Anthropic’s Mythos artificial intelligence model has …
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says
Last year was a much better year for the once-distressed Florida insurance market, as direct written premium rose, policyholder surplus levels climbed, and the average combined ratio for carriers improved by a stunning 22 points, Gallagher Re reported this week. …
Drought and Wildfires Pose Threat to U.S. Cattle Ranchers
It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle — and that’s not an easy ask. For a host of reasons, Hatzenbuhler and …
AM Best Upgrades Credit Rating of Louisiana Farm Bureau
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “bbb” (Good) of Louisiana Farm Bureau Insurance Company …
France Probes Weather Data Tampering After Surge in Polymarket Bets
France’s forecasting office flagged suspected tampering with weather sensors at the country’s largest airport and referred the case to police, after detecting unusual readings alongside heavy betting on a popular prediction market. Automated temperature readings taken at Meteo France’s weather …
New Jersey Lawmakers Weigh Future of New Flood Rules
A joint legislative panel took more than four hours of testimony on a proposal to rescind and amend controversial flood rules approved on Gov. Phil Murphy’s last day in office. The discussion was spurred by a resolution sponsored by Senate …
West Virginia Chemical Facility Reaction Kills 2, Injures 20
Two workers were killed and 20 others, including first responders, were injured when a chemical reaction went awry at a silver recovery facility in West Virginia. The reaction and leak happened Wednesday at the Catalyst Refiners plant near Institute, about …
Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Insurance Risk
A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers. Euler ILS Partners, an alternative investor formed …
PwC Pays $166 Million to Settle HK Evergrande Audit Probe
PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …
Beazley Shareholders Approve Zurich’s $10.9 Billion Cash Takeover
London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting held earlier in the day. The acquisition, which follows a series of …
Viewpoint: Middle Market Businesses Are Cutting Costs – But May Be Increasing Risks
When I talk with our agents that serve middle market clients, the same themes consistently emerge: middle market businesses are optimistic, but they’re also fatigued and looking for more than traditional risk transfer from their insurance partners. Many owners are …
People Moves: Goldie to Oversee Nationwide’s Management Liability, Cyber Teams; Former FIO & NAIC Exec. Joins The Council; Smallcombe Appointed CUO, Ascot US
Bobbie Goldie to Oversee Nationwide’s Private Company Management Liability, Cyber Liability Teams Nationwide is tapping insurance industry veteran Bobbie Goldie to oversee the insurance and financial services company’s private company management liability and cyber liability teams. She’ll assume that role …
State Farm Paid a ‘Hail’ of a Lot of Claims in 2025
Providing its annual report of hail-related claims, State Farm said that it paid out $5.6 billion nationally for such claims in 2025, and $1.4 billion in Texas alone. The giant insurer’s report on hail claims includes a list of the …
Roblox Settles With Three States For $35.8 Million Over Child Safety
Roblox Corp. has reached settlements with attorneys general in three states over child-safety protections. As part of the deals, the video game company pledged to curb dangerous interactions on its platform, according to statements from the offices of the attorneys …
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