Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insurance Corp. officials said this week. “Rate reductions are …

California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Services, Inc. LTD., doing business as Fortrex (PSSI). The suit, …

Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s pro-Palestinian protests. Harvard …

Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 …

First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North America commercial, International commercial, and global personal—recorded $525 million in catastrophe-related charges in Q1 2025, compared to $106 million for …

Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House voted 246-164 to …

The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the US Supreme Court rebuffed a Republican bid to derail such legal efforts. …

Bennett Enterprises Inc., doing business as Ralphie’s Sports Eatery Company, will pay $125,000 and provide other relief to settle a race, disability and retaliation discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According …

Texas Health and Human Services Commission late Wednesday began notifying another 33,529 recipients of state benefits that their private information had been improperly accessed. The latest announcement comes as the state agency continues to investigate a series of breaches by …

Despite federal policy uncertainty stunting growth prospects, US clean hydrogen industry leaders at the BloombergNEF summit see one bright spot: Texas. President Donald Trump’s tariffs are impacting the industry as are the murky fate of federal tax credits and the …

Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the …

MIAMI (AP) — A federal judge told attorneys for the state of Florida on Tuesday that an order freezing the enforcement of a new state immigration law absolutely applies to all of the state’s local law enforcement agencies, despite a …

TALLAHASSEE, Fla. (AP) — Florida is poised to become the second state to ban fluoride in public drinking water, overriding the concerns of dentists and public health advocates who say the mineral is a safe, effective way to protect people …

SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role. For the past decade, Caldwell has served …

First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and improvement over 95.5 a year ago during …

Florida’s Senate late Wednesday refused to go along with a prevailing-party attorney-fee amendment to a phosphate mine bill, likely leaving it dead for 2025 as the legislative session nears the end. The amendment to Senate Bill 832, approved by the …

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance product in the Nordic region. Coalition’s offerings are available in Denmark as of May 1, 2025, and will become available in …

The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International’s utility equipment as the possible cause, according to the company’s chief executive officer. Edison, meanwhile, is conducting its …

Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a boutique management and professional liability wholesale broker, and then later …

Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based First Capital Financial Services and its affiliate First Capital Wealth Management. Terms of the transaction were not disclosed. First Capital is a financial advisory firm providing wealth management, risk …