Cheung Joins Island Insurance as VP of Operations, Data and Product Management Island Insurance named Michelle Cheung to its executive team as vice president overseeing the organization’s operations and data products management. Most recently, Cheung was the IT development manager …

Indiana Attorney General Todd Rokita on Tuesday announced a settlement with Progress Residential, LLC and Pretium Partners, LLC, one of the nation’s largest owners and operators of single-family rental homes, resolving allegations that the companies engaged in deceptive and unfair …

AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) for the members of Texas …

SpaceX plans to construct, own and operate a gas-fired power plant and super-compute facility at its company town in Starbase, Texas, according to a notice of a public hearing on the city’s website. The estimated investment for the initial phase …

AM Best is maintaining its stable outlook for the delegated underwriting authority enterprise (DUAE) segment, citing continued premium growth, strong demand for specialty expertise and technology, and a growing emphasis on underwriting discipline and governance. The segment recorded its fifth …

Climate negotiators from almost 200 countries will spend the next two weeks at an annual United Nations summit under a dark cloud of waning ambition to tackle rapidly rising global temperatures. The negotiating agenda at COP31, which opened Monday in …

Nearly 60% of scam cases handled by Allstate between January through September 2026 involved impersonation, according to stats provided by the insurer. Scammers posing as trusted people or organizations, such as banks, law enforcement agencies, delivery companies or family members, …

Property insurance claims from Hurricane Isaias have so far reached 68,000, totaling $736 million in losses, putting the Oct. 9 storm in line with Hurricane Sally, a minor storm that hit the same Panhandle area in 2020. The Florida Office …

Insurtech Lemonade reported a third quarter 2026 net loss of about $43.7 million compared with a loss of about $37.5 million during the same time in 2025. For the nine months ended Sept. 30, Lemonade has posted a net loss …

Independent insurance brokerage Ensurise, LLC announced that CIS Group has officially joined its organization. The merger was effective October 30, 2026. Terms were not disclosed. CIS Group, of Rockville, Maryland, is an independent insurance brokerage serving the Washington, D.C. metropolitan …

UK banks have begun trimming exposure to artificial intelligence as alarm mounts about a brutal correction in the sector, according to the Bank of England’s top supervisor. In her first interview since taking over the Prudential Regulation Authority in July, …

A billionaire tax that U.S. Senator Bernie Sanders and other progressives championed as an antidote to economic inequality and a potential model for the rest of the country was defeated in California, U.S. media projected. Proponents had estimated Prop 40 …

The number of measles cases in Pennsylvania reached 1,505 as of Monday, up 18 from the previous update on Friday, as the state battles its worst outbreak of the disease in years. Here are more details: Pennsylvania reported 73 new …

Fireworks AI, a popular startup that helps companies run artificial intelligence models, notified customers on Monday of a security breach in which their data was accessed, its second known hack in a matter of weeks. A Fireworks spokesperson said the …

Pennsylvania announced a $7.8 million settlement with Walmart for violations of the state’s Child Labor Act in what the Shapiro Administration said is the largest child labor enforcement action in Pennsylvania history. Investigations were triggered by reports of workers’ compensation …

Nvidia and Chief Executive Jensen Huang were sued on Oct. 9 in a proposed class action accusing them of defrauding shareholders by concealing Huang’s ties with a suspected Chinese spy. According to a complaint filed in federal court in San …

The US Justice Department sued Lyft, alleging the ride-hailing services provider discriminated against passengers with disabilities, including those who use service animals and mobility devices such as stowable wheelchairs. The lawsuit filed Oct. 9 seeks $53 million for individuals with …

Year over year, average U.S. commercial premium renewals for all major commercial lines of business are up except for workers’ compensation, according to the Ivans Index. Chicago-based Ivans recently released its latest index results, with commercial auto, business owners policy, …

British drugmaker GSK has settled lawsuits that accused Moderna’s COVID-19 vaccines Spikevax and mNEXSPIKE and RSV shot mResvia of infringing its patents, the companies said on Oct. 6. Moderna said in a press release that it settled GSK’s patent litigation …

The National Highway Traffic Safety Administration on Monday said it opened a preliminary evaluation into more than 1.2 million Ford vehicles over the accidental deployment of seat-mounted side airbags that caused serious burn injuries. NHTSA said it has received eight …