WR Berkley Reports Q3 Net Income Decrease, Operating Income Up
Third quarter 2026 net income at W.R. Berkley Corp. decreased about 12.7% compared to the same period a year ago to about $446 million. However, operating income for the second quarter was $456.5 million, up from $440.2 million during the …
California Adds Voluntary Review Before Insurers File Rate Applications
Insurers seeking personal and commercial lines rate changes in California can go through a voluntary review process that makes the California Department of Insurance’s initial rate analysis public before they formally file rate applications. California Insurance Commissioner Ricardo Lara on …
Industry Panel Highlights Challenges in Selling Cyber Insurance to SMEs
Small- and mid-sized businesses hear and read the same news everyone else does. Awareness of cyber risk isn’t the problem. But after years of insurers market trying to crack this nut, these businesses aren’t buying the right coverage. The disconnect …
A Repair Estimate Is Not Necessarily a Notice of Bad Faith in Louisiana
A Louisiana property insurer receives a contractor’s estimate for far more than it paid after a hurricane. Sixty days pass. The insured files suit and seeks bad faith penalties. Did the estimate start the cure period under Louisiana’s Act 3? …
BNSF Railway Sued for Firing Employee Because of Their Disability
BNSF Railway Company violated federal law when it fired an employee because of his disability after he requested a reasonable accommodation, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to the lawsuit, the employee, who has …
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes
The Villages, a 57,000-acre Florida retirement community, is looking to issue almost $180 million in high-yield debt to finance more homes. Built for residents at least 55 years old, the Villages has about 170,000 people, making it the largest community …
Amazon and AEP Explore 960-Megawatt Nuclear Project in Indiana
American Electric Power Co. is working with Amazon.com Inc. to evaluate plans for a 960-megawatt nuclear plant in Indiana using a new reactor design, a project that would rely on unproven technology while potentially advancing efforts to promote next-generation fission. …
Service Member Dies After Rappelling Fall at College Football Game
A military service member has died after he fell hard as he rappelled from the ceiling to midfield before a University of Texas at San Antonio football game where the military was honored. Nellis Air Force Base Public Affairs said …
Fisherman Killed by 12-Foot Alligator at Central Florida Lake
A 71-year-old man fishing on the shore of a Florida lake was killed Friday by a nearly 12-foot alligator, the second fatal attack reported this year. Steven Hamilton of Winter Garden was standing on the shore of Lake Apopka at …
Former Portfolio Manager Sues Fidelity After Leaving for Michael Dell’s Family Office
A former semiconductor fund manager at Fidelity Investment Management has sued its parent company FMR, claiming it refused to pay him a “multimillion-dollar” compensation package after he joined DFO Management, the family office of billionaire Dell Technologies founder Michael Dell. …
TDI Unveils Transparency Tool Showing Why Auto Policies are Declined
The Texas Department of Insurance (TDI) has introduced a tool that gives drivers insight into why personal auto insurance policies in their area were declined, canceled, or not renewed. The page also shows the number of cars with insurance policies …
NTSB Investigating Plane Crash in Wisconsin That Killed 6
Six people, including one child, died Tuesday night in a plane crash in Wisconsin after the pilot reported that ice was building up on the wings as he flew through a thunderstorm, according to authorities. The six-seat, single-engine plane was …
Ohio AG Sues Home-Improvement Companies for Allegedly Scamming Customers
Ohio Attorney General Andy Wilson this week filed separate lawsuits against two home-improvement companies that allegedly took down payments from consumers but failed to provide the services promised or performed subpar work. One lawsuit seeks to help nine consumers who …
Taiwan to Fund $4 Billion Texas Complex for AI, Nvidia Partners
Taiwan plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. and other AI hardware makers in the country. The initiative is starting with …
Burned by Fire, Malibu’s Million-Dollar Mansions Face a New Threat: El Niño
Duke’s Malibu has endured one disaster after another. The famed restaurant perched over the Pacific narrowly survived last year’s Palisades Fire, though smoke left it badly damaged. Five weeks later, a mudslide forced it to close for 13 months. Last …
As French Supermarkets Try to Restock, They Are Told Cyberattack May Be Ongoing
France’s cybersecurity authority has warned that a cyberattack targeting supermarkets may still be ongoing as stores restocked Wednesday after the attack sent refrigerator temperatures soaring, raising concerns about the security of vital food supply chains. The agency said Tuesday night …
Travelers Reports Solid Underwriting, Record Investment Income for Q3
Travelers Insurance reported continued solid underwriting and historic investment income for the third quarter along with higher catastrophe losses. “It was another in a run of successful quarters, with very strong underwriting performance across all three segments and a record …
West Virginia Fire Commission Says State Really Needs More Firefighters
Staffing at fire departments is the top issue cited in the newly released Fire Prevention and Control plan by the West Virginia Fire Commission. The plan states that staffing issues plague both paid and volunteer fire departments, leading to dangerous …
Florida Wins Key Ruling Allowing it to Enforce Law on Social Media Use by Kids
The state of Florida won a key court decision this week that allows it to enforce a ban on social media accounts for kids under 14 and other restrictions. The law was one of the most restrictive in the U.S. …
Roller Coaster Death Puts Spotlight on Safety of Ever-More Thrilling Rides
The horrific death of a man who was ejected from a Six Flags roller coaster in Georgia is drawing attention to the safety of amusement park rides that have become increasingly faster and steeper in their quest for the biggest …

