When it comes to systemic cyber risks, cybersecurity experts rated Internet of Things (IoT) devices and large language models (LLMs) as the most immediate emerging risk areas of concern. That finding came from a recent CyberCube and Munich Re survey …

Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former policyholders. The corporation’s quarterly 10Q filing with the …

A federal judge says Rhode Island’s gun permit system, which requires residents to show “a need” to openly carry a firearm throughout the state, does not violate the Second Amendment. In a ruling handed down Friday, U.S. District Judge William …

An Idaho man pleaded guilty to one count of felony insurance fraud in connection with a workers’ compensation claim following an investigation led by the DOI’s Fraud Investigation Unit that showed he illegally collected benefits. Mark Chafin, of Post Falls, …

Second quarter underwriting income in AIG’s General Insurance segment increased 46% compared with last year, to $626 million. The unit—North America commercial, International commercial, and global personal—recorded $170 million in catastrophe-related charges in Q2 2025, compared with $330 million for …

California’s biggest legal marijuana grower said nine of its employees were detained in a federal immigration raid last month that netted hundreds of arrests, and that the business has ended its relationship with two labor contractors that supplied its farmworkers. …

A climate nonprofit is planning to revive a key federal database tracking billion-dollar weather disasters that the Trump administration formally stopped updating in May. The database — which was produced by the National Oceanic and Atmospheric Administration — is set …

The New Hampshire Insurance Department (NHID) has approved an average 6.1% reduction in voluntary workers’ compensation loss costs effective January 1, 2026. The assigned risk pool for risks not insured in the voluntary market will see a reduction of 5.4%. …

HSS Security, LLC, a company that provides security services to hospitals in Texas, will pay $35,000 and provide other relief to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced last …

Mercury Insurance is partnering with Liberty Mutual Insurance on a plan to provide coverage for thousands of California Safeco Insurance customers impacted by a shift in Liberty Mutual’s California personal lines product strategy. The companies say that Liberty Mutual will …

Michigan Democratic Governor Gretchen Whitmer told President Donald Trump that his tariffs are having a negative effect on her state’s flagship auto industry during a closed-door meeting at the White House. Whitmer, a possible 2028 presidential candidate, made the case …

Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …

Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Monday night, following Tesla’s …

A Michigan financial advisor was charged with four counts of insurance fraud, each a four-year felony, Attorney General Dana Nessel announced last week. Todd Bernstein, 67, of Birmingham, was arraigned on July 30 before Magistrate Julie Nelson-Klein in the 48th …

U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months. Corporations have doubled the number of …

The Mayo Clinic violated federal law when it refused to grant a security guard’s request for a reasonable religious accommodation to its mandatory COVID-19 vaccination policy, and instead threatened to fire the employee, effectively forcing him to receive the vaccine …

The Insurance Council of Texas (ICT) has named Gerald F. Ladner as the 2025 recipient of the Raymond Mauk Leadership Award. The award will be presented Sept. 17 during the ICT Property & Casualty Insurance Symposium in Austin. Established in …

The financial information and academic performance of Columbia University students and alumni were stolen in a recent breach, according to a Bloomberg News review of some of the pilfered data. The data includes bank account and routing numbers, student loan …

After dozens of Democratic Texas House members fled the state on Sunday to deny Republicans the quorum they need to pass new congressional maps aimed at securing more GOP seats, many other bills are now at risk of dying. State …