AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. The outlooks assigned …

A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five Midwest states. Summit Carbon Solutions, the …

Consumers lost more than $12.5 billion to fraud in 2024, which represents a 25% increase over the prior year, according to newly released Federal Trade Commission data. The FTC said while the number of fraud reports remained stable at about …

A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …

Five years ago, Melanie Richburg used a roll of duct tape, a HEPA filter and a portable fan to draw contaminated air out of a hospital room where patients were tested for the coronavirus. Now, as the state’s largest measles …

Florida’s Citizens Property Insurance Corp. is planning to move its Jacksonville office, due in part to security concerns at its current downtown location where more than 800 employees have worked for the last 10 years. The Citizens Board of Governors …

Eight people were injured over the weekened when a driver plowed a vehicle into a CarMax location in the Los Angeles area. Two people were critically hurt at the dealership in Inglewood, while the other six had minor injuries, Los …

Nirvana Insurance Secures $80M for Trucking Insurance AI Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round, valuing the company at nearly $850 million. The round was led by General Catalyst with continued support …

NASHVILLE, Tenn. (AP) — A fiery small plane crash in Tennessee last year that killed a Canadian family of five was most likely the result of an error by the father, who was piloting the plane, according to a National …

The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to block five Democratic-led states from pursuing lawsuits accusing major oil companies of deceiving the public about the role fossil fuels have played in …

French households, businesses and local authorities will face soaring costs for insurance if the country fails to adapt to a changing climate, the government said Monday. The cost of climate disasters may double in the 30 years through 2050, reaching …

Bayer has told U.S. lawmakers it could stop selling Roundup weedkiller unless they can strengthen legal protection against product liability litigation, according to a financial analyst and a person close to the matter. Bayer has paid about $10 billion to …

Arthur J. Gallagher & Co. announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers Inc., dba Philinsure, following a minority investment in the business. Terms of the transaction were not disclosed. Philinsure is a commercial …

The cockpit voice recorder was not working on a medical transport plane that killed seven people when it plummeted into a Philadelphia neighborhood in January and likely had not been functioning for several years, the National Transportation Safety Board said …

Brazilian state-run insurance firm Caixa Seguridade said late on Sunday it had filed for a follow-on share offering that will comprise a secondary sale of stock owned by controller Caixa Economica Federal. The move was widely expected since the company …

Citigroup Inc. was fined 500,000 Swiss francs ($568,000) by Switzerland’s stock exchange regulator for failures after a London staffer’s fat-finger trade caused a flash crash in European stocks in 2022. The total value of the erroneous trades executed on the …

Arthur J. Gallagher & Co. reported that it has received a second request for information from federal officials relating to its proposed $13.45 billion acquisition of AssuredPartners, Inc. Gallagher said it is actively responding to the request and expects that …

Ex-Tropical Cyclone Alfred weakened to a tropical low and was still lingering off the coast of Brisbane on Saturday afternoon, sparing Australia’s third-biggest city from any major damage. The storm still threatens to bring high winds and flooding to an …

The country’s preeminent federal fire training academy canceled classes, effective immediately, on Saturday amid the ongoing flurry of funding freezes and staffing cuts by President Donald Trump’s administration. The Federal Emergency Management Agency announced that National Fire Academy courses were …

Just as several other U.S. states are bragging about the growing number of captive insurers domiciled there – and are making changes to attract more captives – Alabama regulators have declared a temporary moratorium on those types of insurance companies. …