Climate Damage: The Next Hit to Europe’s Public Finances
Someone will have to pick up the tab for the damage wrought by Europe’s increasingly volatile weather, and with the bulk of those economic losses uninsured, that will be the public purse unless immediate action is taken. This year’s wildfires …
People Moves: Lindberg Whistleblower Obusek to Retire After 30 Years With NCDOI
The North Carolina regulator who raised the first red flags about now-imprisoned insurance executive Greg Lindberg’s business practices has decided to retire after 30 years with the state Department of Insurance. Jackie Obusek, who has been chief deputy insurance commissioner …
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review
The Alabama Supreme Court has opened the window a little wider into insurance carriers’ claims-handling procedures, not only requiring them to be made available in some lawsuits but also to be shared with plaintiffs’ lawyers in similar litigation. The high …
A $100 Million Mall Reopening Is a Sign of LA’s Uneven Fire Recovery
There’s a flurry of construction in Pacific Palisades, more than a year and a half after a wildfire ravaged the Los Angeles enclave in the most destructive blazes in Southern California history. There’s also a lot of frustration. At the …
Pennsylvania Imposes New Rules to Set Up AI Data Centers in State
Pennsylvania Governor Josh Shapiro on Tuesday signed an executive order that would require companies setting up AI data centers in the state to meet environmental and transparency safeguards and secure local community approval for the projects. The state has become …
Luigi Mangione’s State Murder Trial Postponed Indefinitely
Luigi Mangione’s New York State murder trial in the killing of UnitedHealthcare CEO Brian Thompson, which was slated to begin Sept. 8, has been postponed indefinitely as his lawyers seek to have the case thrown out on double jeopardy grounds …
People Moves: Aon CFO Reese Steps Down After 2 Years, Succeeded by Virana in Interim Role; Miller Bermuda Taps Gallagher’s Vickers as Senior Director, Property
This edition of International People Moves details appointments at the brokers Aon and Miller Bermuda. A summary of these new hires follows here. Aon CFO Reese Steps Down After 2 Years, Succeeded by Virana in Interim Role Insurance broker Aon …
Trump Agencies to Set Crypto Policy as Bill Stalls, Limiting Industry’s Gains
As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations. Deep-pocketed crypto companies …
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims
A federal judge in New York has dismissed a racketeering lawsuit by ride-sharing firm Uber against several injury law firms, doctors and pain clinics alleging they conspired to extract inflated auto insurance claims payments through staged accidents, unnecessary surgeries and …
Mississippi Revokes 59 Agents’ Licenses for Residency Misrepresentation
The Mississippi Insurance Department has revoked the licenses of 59 insurance producers after they reportedly gave false information about their residences and then failed to show for a hearing. “The evidence is clear, these agents don’t live in Mississippi. They …
Police Looking for Additional People in Virginia University Shooting
Authorities were seeking additional people who fired weapons during a shooting at Virginia State University that left five people wounded, police said Sunday, as a 19-year-old suspect remained in custody and investigators sought to unravel what happened. Investigators were trying …
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl
Three Texas homeowners filed a federal racketeering lawsuit last week alleging that the Texas Windstorm Insurance Association fraudulently reduced claim estimates for properties damaged by Hurricane Beryl. The lawsuit, filed in the U.S. District Court, Southern District of Texas, alleges …
Iran Threatens to Go on Offensive in Strait of Hormuz if Diplomacy Fails
Iran has decided to shift its policy from defensive to “fully offensive” due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday. Progress towards …
West Virginia Flood Threat Rises After Deadly Indiana Storms
The threat of flooding shifted east into West Virginia and Kentucky on Monday as Indiana began recovering from storms that killed at least six people and produced some of the state’s worst deluges in decades. Flood warnings and watches covered …
The Great Modern Train Robbery: Thieves Steal $200 Million a Year
The train was sitting just outside a depot in Memphis when the bandits made their move. Emerging from a black Kia Soul under the cover of darkness, the three men clambered on top of CSX Corp. railcars. They broke the …
Picasso Etching Stolen From Wisconsin Art Gallery Found in Vacant Apartment
Bill DeLind thought the Picasso print that was stolen from his Milwaukee gallery in 2018 was gone forever. But then police called last week and asked him to look at an artwork that a local landlord found while cleaning out …
People Moves: Brown & Riding Adds Hasan to National Property Practice
Brown & Riding announced Omar Hasan has joined its National Property Practice. Hasan brings nearly two decades of industry experience and specializes in complex commercial property placements and solutions for middle-market and large commercial accounts. Hasan is known for his …
Amazon Reinstates Binding Arbitration, Bars Class-Action Lawsuits
Amazon on Friday reinstated binding arbitration for its U.S. customers while also barring them from seeking class-action lawsuits, making it more difficult for users to address grievances in court. In emails on Friday, Amazon said the changes are effective immediately …
Ohio City to Pay $4.7M to Family of Teenager Killed by Police
Officials in Akron, Ohio, have fired a police officer who shot and killed 15-year-old boy while also announcing Friday that the city has agreed to pay $4.75 million to the teen’s family. The settlement, which still needs a judge’s approval, …
Rival AI PACs Spend Big in Florida to Sway Trump’s Governor Pick
The artificial-intelligence industry’s political machines battling each other over how to regulate the technology are trying a new tactic in Florida after fighting in primary elections across the US: joining together to make multimillion-dollar bets on the same candidate. Two …

