Southwestern Japan Prepares for Powerful Typhoon Bavi; Taiwan Expects Deluge of Rain
A large and powerful typhoon approached a remote chain of islands in Japan’s southwest on Friday, prompting authorities to warn of violent winds, torrential rain, landslides and flooding in what could be the region’s most destructive storm in years. Typhoon …
US to Explore Allowing Driverless Cars Without Steering Wheels
The head of the top US auto safety regulator said the agency “absolutely” will consider ending requirements that driverless cars include steering wheels, a potential boon for Tesla Inc. and other robotaxi companies rethinking traditional vehicle design. “If you’re developing …
Catastrophic Storms to Test China’s Resilience in 2026, Scientists Warn
The floodwaters that ravaged southern China this week look set to expand to other provinces with the imminent arrival of Super Typhoon Bavi, with scientists warning extreme weather would only grow more frequent this year. The expected weather systems will …
Europe’s Financial Stability Watchdog Examining Private Credit Risks, Adviser Says
The EU’s financial stability watchdog is examining the risks private credit poses to the region’s banks and economy, one of its advisers said, and may recommend regulators be given greater direct oversight of the $3.1 trillion shadow lending industry. Richard …
El Niño Likely Strongest in 75 Years, US Forecasters Say
The weather-roiling El Niño that emerged across the Pacific last month has continued to build and will likely be one of the strongest in more than 75 years, the US Climate Prediction Center said. Sea surface temperatures of 1C (1.8F) …
Viewpoint: Second-Hand Risk – The Growing Threat of Used Equipment in Data Centers
As data center construction accelerates across the U.S. and globally, the conversation has rightly focused on environmental impact and land use. But there is a less viable risk accumulating in the supply chain that we believe risk managers would do …
Conspiracies, Lies and US Influencers Drive UK Street Violence
When he saw the video, Luqman Saeed knew what was coming. A lecturer at Ulster University in Belfast, he’s spent more than a decade studying how conflicts start and how people are driven to radical ideologies and violent ends. He …
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting
The Florida Supreme Court just made it a little easier for workplace assault victims to claim workers’ compensation benefits, even if it can’t be proven that an attack was work-related. The high court on Thursday overturned a 2023 ruling from …
Two Florida Industry Veterans Launch Growth Platform for Agencies
Two veteran Florida insurance agency owners have launched a growth platform for agencies, aimed at helping them build better businesses, carrier relationships and lead generation. Kingdom Growth Partners, based in Jacksonville, is led by David Wilson, national director with American …
WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium
Incurred losses and expenses in California workers’ compensation in calendar year 2025 were $15.7 billion, or 102% of earned premium, up from 99% of earned premium in 2024. The Workers’ Compensation Insurance Rating Bureau of California released the 2025 California …
NY Fed Says Mid-Atlantic Firms Aren’t Done Passing on Tariff Costs
Many Mid-Atlantic U.S. businesses aren’t done raising prices due to President Donald Trump’s slate of import tax increases, new research from the Federal Reserve Bank of New York, released on Wednesday, said. “Our latest regional business surveys reveal that nearly …
Trucordia Acquires Assets of Dominion Insurance Services in California
Trucordia acquired the assets of Dominion Insurance Services Inc. in California. Dominion is a boutique brokerage with a specialty focus in lawyers professional liability and other professional liability lines. Related: Trucordia Acquires Illinois’ Hecht-Stout Insurance Agency Trucordia is the group …
Illinois Governor Signs AI Regulation Bill That Aims to Mitigate Risks
Gov. JB Pritzker signed artificial intelligence legislation modeled after similar bills in California and New York on Monday, furthering a push for a state-driven national framework in lieu of federal regulations. “Congress and the president ought to be passing similar …
Texas Lawmakers Continue Push to Ban TCH Products
The Texas Senate Committee on Health and Human Services held a public hearing Tuesday to gather information that will shape future legislation on THC products sold in the state. Lawmakers made arguments against THC that harkened back to the days …
Q&A With NYC Mayor and Officials on Structurally Compromised Midtown Building
The following is an unedited transcript provided by New York City of a July 7, 2026 press conference with Mayor Zohran Kwame Mamdani, Fire Commissioner Lillian Bonsignore, Fire Department Chief John Esposito, and Buildings Commissioner Ahmed Tigani concerning the unstable …
Some War Insurers Advise Shipowners to Pause Hormuz Voyages After Attacks: Sources
Some war underwriters have advised shipping companies to pause voyages through the Strait of Hormuz while others are reviewing their policy terms after renewed vessel attacks threatened a return to war between Iran and the U.S., insurance industry sources said …
AM Best Revises Outlook to Stable for Brotherhood Mutual
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Brotherhood Mutual Insurance Company …
Wisconsin Residents Affected by April Storms Eligible for FEMA Aid
Wisconsin residents affected by the April storms that brought severe flooding and tornadoes to the state can apply for FEMA aid. Affected individuals in Bayfield, Brown, Buffalo, Jackson, Jefferson, Juneau, Kenosha, Manitowoc, Marathon, Milwaukee, Outagamie, Racine, Rock, Sauk, Vernon, Washington, …
NYC to Publicly Identify Buildings Testing Positive for Legionnaires’ Bacteria
New York City is taking the unprecedented step of publicly identifying buildings on the Upper East Side where cooling towers test positive for the bacteria causing Legionnaires’ disease. Buildings with positive initial tests are also being ordered to immediately drain, …
Changes in Policy Language, Provisions Suppressing Claim Volume, Report Shows
U.S. claim volume fell 8.9% from last year, with total claims dipping 13.1% below the five-year average, despite several large catastrophe events, said a new report. Changes in policy language and policy provisions are a big factor in suppressing the …



