GEICO leadership said this week that the company is working with Florida policyholders after a snafu inadvertently alerted people that their driver licenses had been suspended. The auto and property insurance company did not reveal details about what happened, only …

The California Department of Motor Vehicles on Tuesday adopted new regulations for autonomous vehicles, allowing manufacturers to test and deploy heavy-duty driverless vehicle technology on the state’s roads. Related: Tesla Avoids California Sales Halt Over Autopilot Marketing The new regulations …

A workers’ compensation claim has turned into accusations that the billionaire frontrunner in the Georgia governor’s race, a health care executive who has vowed to deport more immigrants, hired illegal immigrants to work on his property. Republican Rick Jackson, founder …

Industry executives who described insurance and reinsurance markets as “rational” in the not-so-distant past are now using words like “dumb” and “bizarre” to characterize soft-market competitor moves happening faster than expected, and in unusual places. W. Robert Berkley, Jr., chief …

Newport Specialty Partners, a new specialty insurance platform backed by Lovell Minnick Partners, announced that it has acquired Complex Coverage, Inc. (CCI), a managing general agency focused on homeowners and personal lines coverage in New York. The transaction is Newport’s …

An appeals court has reversed an $8.2 million defamation verdict awarded to Alabama politician Roy Moore, who sued a super PAC over a 2017 political ad detailing misconduct accusations against him. The panel of the 11th U.S. Circuit Court of …

The war in Iran is fueling a resurgence in maritime piracy off the coast of Somalia, according to a European Union naval force patrolling the region. There have been at least three confirmed hijackings in the past week alone, with …

Japan and Korea insurers have shown unprecedented demand for M&As and strategic investments overseas in the past few years, targeting opportunities in both developed and emerging markets. While insurers from these two Asian economies have nuanced appetites and different capital …

Prime Minister Keir Starmer’s decision last month to let the British military board ships of Russia’s so‑called “shadow fleet” has had no clear impact on the number passing through UK waters, a Reuters analysis shows. In the month after Starmer’s …

Abilene builder Gene Lantrip is on the front lines of Texas’ population boom, but a new force is making it harder to finish construction on homes. Data centers are poaching the electricians he needs to install light switches and wiring …

Ascendri Insurance Services, a new managing general agency, has launched to address high-value risks in catastrophe-exposed markets. Starting in California, Ascendri will provide excess & surplus homeowners coverage for homes with insured values up to $10 million, targeting a segment …

Fast-moving storms pummeled parts of the Midwest with hail, strong wind and heavy rain Monday, flooding streets, stranding commuters and downing many trees, including one in western Michigan that landed on a man and killed him. More than 56 million …

New research studies from the American Medical Association (AMA) reveal many physicians face a significant risk of being sued during their careers. The ever-present risk of lawsuits—even when no error occurred—and high medical liability insurance premiums have contributed to a …

A bipartisan effort is underway in the Senate with the introduction of a bill to extended the federal terrorism risk insurance program for seven years. A federal backstop for terrorism risk was first initiated late in 2002 by the Terrorism …

OxyContin maker Purdue Pharma was sentenced on Tuesday to $5.5 billion in fines and penalties stemming from its 2020 guilty plea to charges of deceiving government regulators and paying kickbacks to doctors to boost opioid sales. The sentencing in New …

Air traffic controller staffing at LaGuardia airport on the night an Air Canada jet collided with a fire truck may have violated the facility’s procedures by combining roles before midnight, according to a document seen by Reuters. The crash at …

New Jersey’s insurance and banking regulators on Tuesday defended their push for a roughly 18% hike in their budget for the next fiscal year, a request that comes even as Gov. Mikie Sherrill has said she is seeking to close …

XPT Specialty hired Travis Hirschi as a producer and branch manager and Kristin Miller as an underwriter in its Salt Lake City, Utah, office. Hirschi and Miller will work with retail agents to support hard-to-place and non-standard commercial risks across …

Jet fuel exports from Asia to California are at the lowest point in at least a decade, adding another pressure point to a burgeoning air travel crunch on the West Coast stemming from the war on Iran. With two days …

A tornado-producing thunderstorm left at least two people dead in northern Texas and displaced at least 20 families, with many homes sustaining major damage, authorities said Sunday. At least one person was killed and numerous homes were damaged Saturday night …