As California’s wildfire insurance crisis drives homeowners to the state’s insurer of last resort, wealthy areas such as Beverly Hills, Malibu and Bel Air make up an increasingly large portion of the liability exposure — a dynamic that experts fear …

Insurance companies cannot invoke “overriding public policy” in order to refuse to defend insured hotel owners and managers accused of enabling and profiting off of sex trafficking of minors, even though the state has criminalized such trafficking. “[N]either an insurer’s …

Tokyo-based food producer and distributor Nichirei Corp. says it will fully resume operations this week after a cyber attack disrupted its food delivery services, affecting clients nationwide including Kentucky Fried Chicken Japan. Shipments of frozen food handled by Nichirei’s logistics …

Three oil tankers loaded with Saudi crude for China and India made U-turns in the Red Sea on Tuesday, heading towards the Suez Canal rather than braving the Yemeni coast at the sea’s mouth following a warning from Yemen’s Iran-aligned …

Private equity firms seeking to buy European insurers must show they can support policyholders for the long term rather than pursuing a quick profit, Europe’s insurance watchdog said. Petra Hielkema, chair of the European Insurance and Occupational Pensions Authority (EIOPA), …

Lloyd’s of London said former Chief Executive Officer John Neal breached its compliance rules after failing to disclose a close relationship that could have been perceived as creating a potential conflict of interest. An investigation found that Neal failed to …

The families of two men who discovered through DNA tests that they were switched at birth 38 years ago are accusing a North Dakota hospital of robbing them of the lives they were supposed to lead. Kyle Bylin discovered his …

Swift-moving floodwater destroyed or heavily damaged 135 homes in Kerr County, Gov. Greg Abbott said Monday from Kerrville after taking a helicopter survey of affected areas and receiving a briefing by state and area officials. Water that surged over the …

It’s no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. Three ISO exclusions have garnered more interest from carriers, …

A federal judge in San Francisco on Monday signed off on artificial intelligence company Anthropic’s landmark $1.5 billion settlement of a class action lawsuit brought by a group of authors who accused it of misusing their books to train its …

Europe’s status as the planet’s fastest-warming continent is becoming a serious drag on its economic prospects. The region, where temperatures are rising at a pace that’s roughly twice the global average, can no longer afford to ignore the economic impact …

Amgen reached a $74 million settlement of a lawsuit accusing the biotechnology company of waiting too long to disclose that it might owe the Internal Revenue Service $10.7 billion for underreporting six years of taxes. A preliminary settlement of the …

Applicants hoping to become insurance agents in Georgia may soon be able to start work even if they don’t ace the license exam. The state Office of Commissioner of Insurance will hold a hearing next week on proposed changes to …

WVU Health Systems knew for years that employees were stealing highly addictive drugs. A federal settlement shows the medical system didn’t take enough steps to report and stop the problem. Between 2017 and 2024, drugs were disappearing inside the WVU …

The Justice Department is investigating whether Harvard University is allowing Chinese donors to create scholarships that exclude American students, adding to the barrage of federal inquiries the Trump administration has opened in its battle against the Ivy League school. Justice …

In America’s EV stronghold, another type of vehicle is rapidly gaining ground. Hybrids accounted for almost one in every four automobiles registered in California in the second quarter, according to newly released data from the California New Car Dealers Association. …

Arizona vehicle thefts continued to fall in the first half of 2026, down 24% in year-to-year thefts compared with the first half of 2025, the Arizona Automobile Theft Authority reported. AATA reported that for the first six months of 2026, …

Arthur J. Gallagher & Co. announced that its U.S. wholesale brokerage, binding authority and programs division, Risk Placement Services, Inc. (RPS), has acquired Greensburg, Pennsylvania-based W.N. Tuscano Agency, Inc. Tuscano is a managing general agency (MGA) and wholesale insurance broker …

Texas and Louisiana are facing a dangerous combination of stormy weather and extreme temperatures as Tropical Storm Bertha sweeps across the Gulf Coast during a heat wave. Bertha is expected to bring a life-threatening storm surge and as much as …

This edition of International People Moves details cyber appointments at Liberty Mutual Reinsurance and Tokio Marine. A summary of these new hires follows here. Liberty Mutual Re Names Spurgeon as Global Head of Cyber Reinsurance Liberty Mutual Reinsurance Group (LM …