Viewpoint: How Climate Change Is Creating Uninsurable Areas Across Europe
As climate change makes extreme weather events more intense and frequent, “uninsurable areas” are becoming increasingly common. They are a clear demonstration that insurance – the mechanism through which modern societies deal with all kinds of risk – is structurally …
M&A Lawyer Pleads Not Guilty to Leading Insider-Trading Ring
A former mergers and acquisitions lawyer with top firms including Latham & Watkins and Goodwin Procter pleaded not guilty to charges that he led a massive insider trading ring that made tens of millions of dollars in illegal profits. Nicolo …
Warmer World Means Bigger Hail and More Damage, Study Finds
Warming global temperatures will probably mean more hailstorms with larger and more damaging hailstones, a study published in a prestigious, peer-reviewed journal predicts, echoing troubling trends identified in by other data sources. “Here we show a 36.5%–42.1% increase in global …
People Moves at Alfa, Alliant in the Southeast
Alfa Insurance, one of the largest property insurers in Alabama, named David Bailey senior vice president of claims, effective this week. Bailey, who recently served as regional vice president, takes over from Bryan Hubbard, who retired after 36 years at …
Florida Supreme Court Posts New Rule on AI Hallucinations in Court Filings
Artificial intelligence hallucinations, also known as “AI slop,” have become such a concern in court filings that the Florida Supreme Court has issued new statewide rules designed to hold attorneys more accountable. The rules, which take effect June 15, will …
Report Calls for Transparency, Modernization of Washington Fire Scoring Bureau
Lack of transparency in property protection classifications from a state rating bureau is one of the biggest concerns from people involved with fighting fires in Washington, a new report from the Washington state Office of the Insurance Commissioner shows. The …
People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors
Pharmacists Mutual Insurance Group announced the appointment of Felix Gallagher, PharmD, as Chair of its Board of Directors. Gallagher succeeds Sue Sutter, who has served as Board Chair since 2024 and concludes 21 years of service on the Board. Gallagher …
Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast
Firefighters responding to reports of a gas leak at a Dallas apartment complex had already arrived and were preparing to evacuate residents when the building exploded in a massive fireball, killing three people and injuring several more, the city’s fire …
Corpus Christi Considers Building Desalination Plant
Corpus Christi City Council is set to discuss Tuesday whether to revive a controversial and ambitious endeavor to build a desalination plant to convert seawater into drinkable water — a project the council rejected nine months ago over high costs …
Illinois Night Club to Pay $200K in Sex and Race Discrimination Case
Admiral Theatre, Inc., an exotic dance club providing adult entertainment services, will pay $200,000 and furnish other relief to settle a lawsuit for sex and race discrimination and retaliation filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal …
Bus Hits Cars in Virginia, Killing 5 Massachusetts People and Injuring 34
A bus crashed into vehicles slowing for a work zone on Interstate 95 in Virginia early Friday, killing five people and injuring dozens, including the driver, authorities said. The crash happened at about 2:35 a.m. on southbound I-95 in Stafford …
Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Illinois lawmakers this week passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry has heavily opposed the legislative measures, warning that …
Kentucky Food-Color Plant Was ‘Catastrophe Waiting to Happen,’ CSB Says
A Kentucky food-coloring manufacturer made a number of missteps and was not equipped to prevent the 2024 runaway chemical reaction that killed two workers and caused millions of dollars in damage to the plant and surrounding neighborhoods. That was the …
Corpus Christi Focuses on Delaying Looming Water Crisis
Five straight years of record heat, sporadic rainfall and divided leadership has Corpus Christi in danger of becoming the first U.S. city to run short of water. Only rain — lots of it — can keep the coastal city from …
Reinsurers Bring Strong Risk Appetite to Florida’s June Renewals: Guy Carpenter
Legal reforms, improved building resilience, and disciplined underwriting have combined to restore confidence in the Florida re/insurance market – leading to increased capacity as well as improved terms and pricing during the June reinsurance renewals, according to Guy Carpenter. Since …
Americans Doubt Countries Will Do Enough to Tame Climate Change
Climate change is in the background this US election year as high prices, conflict in the Middle East, AI and other issues take center stage. But that doesn’t mean the public has forgotten about it. More than half of Americans …
Ships Attacked in Strait of Hormuz This Week, Chevron CEO Says
Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer …
Number of Deaths Rises in Washington Paper Mill Explosion
At least eight people are confirmed dead, and authorities believe there are three more bodies they have yet to reach at the site of the paper mill explosion in Longview, Washington. Two people had previously been pronounced dead, bringing the …
Viewpoint: Somali Piracy Is Back – Fueled by Political Turmoil, Aid Cuts and Iran War
On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in …
Extreme Heat Could Cost Germany up to $131 Billion by 2030, Analysis Shows
Extreme heat could cost Germany up to $131 billion by 2030 and shave up to 3% off economic output if recent heat wave patterns persist, an analysis from Allianz Trade showed on Thursday. Germany faces losses of up to $131 …



