Howden has started offering war risk cargo insurance to cover vessels sailing through the Red Sea against drone and missile attacks as geopolitical tensions escalate in the region, the UK-based insurance broker told Reuters on Tuesday. The cost of insuring …

The economic drivers of the U.S. property/casualty (P/C) insurance industry are growing faster than the nation’s Gross Domestic Product (GDP) and are expected to gain further momentum in the event of Federal Reserve monetary rate cuts, according to the Insurance …

MGM Resorts International sued the Federal Trade Commission to stop an investigation into how it dealt with a cybersecurity attack last year. The company said the investigation deprives it of its fundamental due process rights and that FTC Chair Lina …

Cerebral Inc., a major U.S. provider of telemedicine mental health services, will likely have to pay $7 million in penalties and refunds to clients as part of a settlement with the Federal Trade Commission. The firm exposed the personal information …

Woodruff Sawyer promoted Dave Erickson to employee benefits practice leader. Most recently, he led Woodruff Sawyer’s employee benefits operations. Erickson has more than 15 years of experience in the employee benefits industry. Before joining Woodruff Sawyer in 2018, he was …

One of the East Coast’s largest auto recyclers and used parts suppliers has agreed to pay $868,000 in penalties related to 35 workplace safety violations at its Camden, New Jersey facility. The agreement with The Auto Store, operating as My …

Four railroads have asked federal appeals courts to throw out a new rule that would require two-person train crews in most circumstances, saying the mandate is arbitrary, capricious and an illegal abuse of discretion. The identical challenges of the Federal …

Donald Trump submitted evidence that the insurer providing his $175 million appeal bond in New York’s civil fraud case is financially capable of paying up if his legal challenge fails, after the state attorney general demanded more proof. Los Angeles-based …

Hours before leaving port, the massive container ship that caused the deadly collapse of a Baltimore bridge experienced apparent electrical problems, a person with knowledge of the situation told The Associated Press on Monday, the same day FBI agents boarded …

So-called forever chemicals have been found in water sources across New Mexico, according to recent studies by the U.S. Geological Survey and state environment officials. The federal agency detailed the findings last week, around the same day the U.S. Environmental …

Michaela Mendelsohn, who owns six El Pollo Loco locations serving grilled chicken and tacos in California, recently found herself raising managers’ pay by over 10% to more than $83,000 a year. With the state’s new law mandating a $20 minimum …

Scott Reinke joined Intact Insurance Specialty Solutions, headquartered in Plymouth, Minnesota, as chief underwriting officer for its transactional surety team. Reinke oversees surety’s commercial transactional book of business and their online surety bond platform. Reinke has over 20 years of …

Wild weather is sweeping the central US on Tuesday with tornado watches posted across parts of Nebraska and Kansas and an enhanced risk of severe thunderstorms later in Iowa, Missouri and Illinois, the National Weather Service said. At least one …

Jacobson Memorial Hospital Care Center, a critical access hospital in Elgin, North Dakota, will pay $45,000 and provide other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) retaliation lawsuit, the federal agency announced today. According to the lawsuit, …

In Texas, 49 public water utility systems have reported surpassing the U.S. Environmental Protection Agency’s first-ever limits for five “forever chemicals” in drinking water, according to data submitted to the federal agency. Experts say there are likely more since not …

Higginbotham has acquired Eagan Insurance of Metairie, Louisiana, in a move that extends Higginbotham’s presence to South Louisiana and the Mississippi Gulf Coast. “At Higginbotham, we just celebrated our 75th anniversary last year, so we understand the importance of connection …

Alabama-based CRC Group, a wholesale and specialty distributor and part of Truist Insurance Holdings, has shuffled its deck a bit, moving InsureTrust, a cyber coverage broker, from Starwind Specialty. Starwind was formed in 2021 with the combination of CRC Group’s …

King Insurance Partners, considered one of the fastest-growing U.S. brokerages, has added another producer to its lineup: The Dave Alton Agency, with offices in Greenville, Plymouth and Washington, North Carolina. The Alton agency, in business for two decades, offers homeowners, …

The U.S. cyber insurance line generated strong direct underwriting profits for the second straight year in 2023, but written premium volume has stalled amid renewed pricing pressure, according to a Fitch Ratings analysis. For standalone cyber coverage, the direct incurred …

Four people, including a Cuban-born former Major League Baseball player who earned more than $15 million in his playing career, have been charged with staging an auto accident and defrauding an insurance carrier. Yuniesky Betancourt, 42, who played nine seasons …