FTX Lawsuit Against Tom Brady, Stephen Curry, Others Is Narrowed
A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX. The investors said the defendants …
Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say
Human-caused climate change intensified deadly rainfall in Arkansas, Kentucky, Tennessee and other states in early April and made those storms more likely to occur, according to an analysis released Thursday by the World Weather Attribution group of scientists. The series …
Citadel Lobbies for Four-Year Non-Competes in Home State of Florida
Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow four-year non-compete clauses and garden leaves in its home state, tightening employers’ hold on well-paid staffers and executives considering defection. The bill has cruised through the …
Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes
President Donald Trump’s immigration crackdown is making it harder for foreigners to buy and rent homes, threatening a key pillar of Miami’s half-decade-long economic boom. Miami, like much of the US, had already been seeing a real estate slowdown driven …
Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide
When quarterback Shedeur Sanders slid to the fifth round of the 2025 NFL Draft, many football fans were left shocked that the much-hyped University of Colorado product was passed over time and again. Now one fan is suing the NFL …
EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn
The European Union’s plan to slash the scope of new ESG regulations opens the door to a wave of litigation, as companies would no longer be required to act in a way that lives up to the bloc’s climate law. …
UK Sewage Crisis Leaves Beachgoers Sick and Frustrated
Charlie Clarke fell severely ill in late summer 2023 after a swim at Clevedon Marine Lake in southwest England while training for a Triathlon. The next day he collapsed on the street near his home and was taken to the …
How Does Food Safety Work, and What Cuts Has Trump Made?
Recent actions by President Donald Trump’s administration, including staff cuts at the Food and Drug Administration, have raised questions among consumers about food safety in the United States. Here is an explanation of how food safety inspection works in the …
Commercial Property Customers Cutting Insurance Corners Despite Risk
As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new Nationwide Agency Forward Commercial Lines Protection Survey surveyed commercial …
ALKEME Adds Maryland’s Becker Benefit Group
California-based insurance brokerage ALKEME announced its acquisition of Becker Benefit Group, an employee benefits agency based in Towson, Maryland. This marks ALKEME’s first acquisition in the state. Becker Benefit Group offers benefits, healthcare plan and risk management consulting for businesses …
People Moves: Cho Named Coalition’s Head of West; Pinnacol Names Awad to Board, Renews Terms for Absher and Oakley
Cho Named Coalition’s Head of the West Region Coalition Inc. named Manny Cho as head of its west region. Cho joins Coalition with over three decades of experience in the insurance industry, most recently serving as executive vice president of …
Lloyd’s Loses Bid to Avoid $800K in Prejudgment Interest
Lloyd’s of London has been told it must pay an extra $800,000 in prejudgment interest on a $2.5 million building fire loss payment to a community bank that it had wrongly denied coverage. A three-judge panel of the Massachusetts Appeals …
By 1 Vote, Pennsylvania House Passes Measure to Legalize Recreational Marijuana
The Pennsylvania House of Representatives on Wednesday narrowly passed a measure to legalize recreational use of marijuana with purchases permitted only through shops run by the state. The vote, 102-101, was largely along party lines with Democrats prevailing. The measure …
Hub Acquires Virginia’s Guru of Insurance
Global insurance broker Hub International Limited announced it has acquired the assets of EB Specialists Inc. dba Guru of Insurance. Guru of Insurance is an employee benefits firm located in King George, Virginia that provides clients in the region with …
NJ Diocese Will No Longer Oppose Investigation Into Sexual Abuse Allegations
The Catholic bishop of a New Jersey diocese said he would no longer oppose a state grand jury investigation of clergy sexual abuse that the church has been fighting behind closed doors in court for years. It’s not clear, however, …
Acting FEMA Chief Is Ousted After Less Than 4 Months
Less than a month before the start of hurricane season, the acting administrator of the Federal Emergency Management Agency has been fired. A spokesperson with FEMA offered no reason for the dismissal, but confirmed to Insurance Journal reports that Cameron …
LA Mayor Credits Trump on Fire Aid, Stays Wary on Immigration
Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly $1 billion budget shortfall, the long recovery from January’s wildfires, and preparations for two of the world’s largest sporting events …
Paragon’s Reel Media Acquires WISE Risk of Massachusetts
Connecticut-based Paragon Insurance Holdings announced that its specialty media and contingency platform, Reel Media Insurance Services, has acquired WISE Risk, a wholesaler for event-driven and specialty insurance products. WISE Risk, based in Needham, Massachusetts, is focused on the entertainment, sports, …
People Moves: Indiana Farm Bureau Insurance Promotes Zeilinga to Agency Manager
Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he was promoted to the role …
Liberty Mutual Q1 Net Income Down 33%
Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by the wildfires in California—were …