France Fines Russia-Linked Oil Tanker in Shadow Fleet Crackdown
France will release a tanker after hitting it with a multimillion-euro fine for flouting European sanctions on Russian oil, following its seizure in the Mediterranean Sea last month. The Grinch will leave French waters after “paying several millions of euros …
Asbestos Lawsuits Prompt Vanderbilt Minerals to File Bankruptcy
Vanderbilt Minerals, which mines materials used in industrial products, filed for bankruptcy after its cash flow was overwhelmed by an increase in lawsuits that accuse the company of once selling items contaminated by asbestos. The firm, which denies that its …
EU Ill-Prepared for Worsening Climate Change, Advisers Say
The European Union is not prepared for worsening climate change and should urgently step up its investments to protect people and infrastructure from mounting floods, wildfires and severe heatwaves, its independent advisers said on Tuesday. Climate change has made Europe …
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer
Private equity firms EQT AB and Vitruvian Partners are working with advisers as they explore strategic options for their investment in cyber insurer CFC, according to people familiar with the matter. The buyout group has appointed Evercore Inc. and Goldman …
Florida Pool Safety Bills Moving to Address Record Number of Drowning Deaths
The 2026 regular session of the Florida Legislature may not make significant changes to the state’s property insurance statutes. But it could become known as the “water safety” session that approved measures aimed at reducing drowning deaths in the state—bills …
Judge Says Exxon Mobil Can Sue California AG for Defamation Over Recycling
A federal judge rejected California Attorney General Rob Bonta’s bid to dismiss Exxon Mobil’s lawsuit accusing him of defamation in criticizing the oil giant’s advanced plastics recycling initiatives. U.S. District Judge Michael Truncale rejected Bonta’s claim he was immune from …
SterlingRisk Acquires Transportation Specialist ASZ International
Insurance broker SterlingRisk of Woodbury, New York announced the acquisition of ASZ International, Inc., a Westchester County, N.Y. agency specializing in transportation risks. The transaction became effective February 1, 2026. As part of the transaction, ASZ principals Marc Zettl and …
States Reliant on Colorado River Failed to Meet New Consensus Deadline
The seven Western states that depend on the Colorado River missed a deadline for the second time Saturday to agree on a plan addressing record drought and water shortages. Arizona Gov. Katie Hobbs, California Gov. Gavin Newsom and Nevada Gov. …
Judge Dismisses Charges Against 3 Officers Accused of Mistreating Prisoner
A Connecticut judge last Friday dismissed criminal charges against three current and former New Haven police officers who were accused of mistreating prisoner Richard “Randy” Cox after he was paralyzed in the back of a police van in 2022. Judge …
4 People Die in Small Plane Crash Near Ski Resort
Four people are dead after a small plane crashed Friday on a mountain near the Colorado ski resort community of Steamboat Springs, authorities said. An Epic E1000, a six-seat turboprop plane, crashed around 12:20 a.m. with four people on board, …
California Insurance Commissioner Unveils Intervenor Reform Regulations
California Insurance Commissioner Ricardo Lara is pushing a change to the state’s long-standing intervenor regulations, which enable groups to intervene in rate hearings. Lara on Friday released the amended text of proposed regulations for the intervenor and Administrative Hearing Bureau …
Experian Launches Insurance Marketplace App on ChatGPT
Experian announced the launch of the Experian Insurance Marketplace app on ChatGPT, introducing its insurance comparison platform to OpenAI’s audience, to help consumers find auto insurance. In the Feb. 13 announcement, Experian said the move is “a significant advancement in …
Houston-Area Developer Reaches $68M Settlement With Texas, Feds
The owners of Colony Ridge, a Houston-area developer accused of running a predatory lending scheme that deceived Latinos, agreed to a sweeping legal settlement that will require them to invest in law enforcement and infrastructure on their properties and tighten …
King Risk Acquires Georgia-Based Hanc Group Agency
Gainesville, Florida-based King Risk Partners has acquired the Hanc Group, an insurance agency that serves the Korean-American community and others in north Georgia, King Risk announced this week. Rick Han, owner of Alpharetta-based Hanc Group, said in a news release …
ZestyAI Provides AI-Driven Risk Analytics for Marsh McLennan Agency
ZestyAI said Marsh McLennan Agency has adopted its risk analytics to enhance risk assessments for a small segment of its high-net-worth clients with catastrophe-prone properties. The provider of AI-powered property and climate risk analytics said its Z-Fire, Roof Age, and …
Kansas Man Sentenced for Insurance Fraud, Forgery
Kansas Insurance Commissioner Vicki Schmidt announced a Reno County man has been sentenced to 21 months in prison for insurance fraud, making false information, and forgery. Larry Wilson, aged 54, pleaded guilty on December 11, 2025, in Reno County District …
Enstar Group Acquires Michigan’s AF Group
Enstar Group Limited, global insurance and reinsurance group backed by investment vehicles managed by affiliates of global investment firm Sixth Street, announced it has entered into a definitive stock purchase agreement to acquire 100% of the shares of Accident Fund …
Three People Suffer Burns at Exxonmobil Facility in Texas, Media Report
Three contract workers suffered burns while working on transport operations at the ExxonMobil XOM.N facility in Beaumont, Texas, KDFM and other media reported late on Thursday. The KDFM report cited a statement from ExxonMobil, which said the contract workers were …
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’
American International Group (AIG) made substantial progress in artificial intelligence within the last year, and its outcomes and capabilities are more than previously predicted. The insurer during an Investor Day less than a year ago presented the potential benefits from …
TVA Now Ready to Reverse Plans on Closing Two Coal-Fired Power Plants
The nation’s largest public utility says it now would prefer to keep operating two coal-fired power plants it had planned to shutter, changing course before a meeting of its board, which has a majority of members picked by the coal-friendly …



