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Cargo Theft Surges 60% in 2025, $725M in Estimated Losses

1 day 3 hours ago
Newly revealed data highlights a surge in criminals targeting high-value freight and new theft locations pushing losses higher, according to Verisk CargoNet analysis. Estimated losses surged 60% from 2024 numbers to nearly $725 million, while confirmed cargo theft incidents increased …

People Moves: Coterie Appoints Seich as Chief Revenue Officer

4 days 18 hours ago
Coterie Insurance, a small business MGA, announced Mark Seich as the company’s new Chief Revenue Officer overseeing revenue strategy across distribution, agency engagement, marketing, and customer experience. Seich served as VP of Marketing & Distribution at The Philadelphia Contributionship, where …

Hot Sauce Company Sues Manufacturer Over Exploding Bottles

4 days 18 hours ago
A product liability dispute is bubbling between a popular salsa and hot sauces company and its manufacturer. Iowa-based Lola’s Fine Sauces alleges in a lawsuit that it lost several hundred thousand dollars after customers complained that Lola’s bottled products bubbled, …
Ezra Amacher

Prudential Japan Pledges Reforms After Widespread Misconduct

4 days 18 hours ago
Prudential Financial Inc.’s Japan insurance head vowed to bolster governance after revelations that improper actions by more than 100 current and former staff cost customers about $20 million. The chief executive officer of the unit, Kan Mabara, “deeply” apologized for …
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