New Hampshire Approves 6.1% Workers’ Comp Rate Cut for 2026
The New Hampshire Insurance Department (NHID) has approved an average 6.1% reduction in voluntary workers’ compensation loss costs effective January 1, 2026. The assigned risk pool for risks not insured in the voluntary market will see a reduction of 5.4%. …
Texas Security Services Provider to Settle Sex Discrimination Lawsuit
HSS Security, LLC, a company that provides security services to hospitals in Texas, will pay $35,000 and provide other relief to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced last …
Mercury Insurance and Safeco Insurance to Transition California Customers and Agents
Mercury Insurance is partnering with Liberty Mutual Insurance on a plan to provide coverage for thousands of California Safeco Insurance customers impacted by a shift in Liberty Mutual’s California personal lines product strategy. The companies say that Liberty Mutual will …
Michigan Governor Confronts Trump on Tariff Hit to Auto Industry
Michigan Democratic Governor Gretchen Whitmer told President Donald Trump that his tariffs are having a negative effect on her state’s flagship auto industry during a closed-door meeting at the White House. Whitmer, a possible 2028 presidential candidate, made the case …
California Workers’ Comp Rating Bureau Says Recent Rate Declines Flattened
Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …
Third Point UK Investors Should Reject Reinsurance Deal, ISS Says
Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …
Tesla, Musk Sued by Shareholders Over Robotaxi Claims
Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Monday night, following Tesla’s …
Michigan Financial Advisor Charged With Insurance Fraud
A Michigan financial advisor was charged with four counts of insurance fraud, each a four-year felony, Attorney General Dana Nessel announced last week. Todd Bernstein, 67, of Birmingham, was arraigned on July 30 before Magistrate Julie Nelson-Klein in the 48th …
Companies Spending Record Amounts to Protect Executives as Threats Rise
U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months. Corporations have doubled the number of …
Mayo Clinic Sued for Allegedly Forcing Security Guard to Get Vaccination
The Mayo Clinic violated federal law when it refused to grant a security guard’s request for a reasonable religious accommodation to its mandatory COVID-19 vaccination policy, and instead threatened to fire the employee, effectively forcing him to receive the vaccine …
Ladner Named Recipient of ICT’s Raymond Mauk Leadership Award
The Insurance Council of Texas (ICT) has named Gerald F. Ladner as the 2025 recipient of the Raymond Mauk Leadership Award. The award will be presented Sept. 17 during the ICT Property & Casualty Insurance Symposium in Austin. Established in …
Hacked Columbia University Data Includes Banking Numbers, GPAs
The financial information and academic performance of Columbia University students and alumni were stolen in a recent breach, according to a Bloomberg News review of some of the pilfered data. The data includes bank account and routing numbers, student loan …
Flood Relief, THC Regulation in Limbo After House Democrats Leave Texas
After dozens of Democratic Texas House members fled the state on Sunday to deny Republicans the quorum they need to pass new congressional maps aimed at securing more GOP seats, many other bills are now at risk of dying. State …
Forceful Arrest of Student Shows Benefits of Recording Police Actions
A video that captured the brutal arrest of a Black college student pulled from his car and beaten by officers in Florida has led to an investigation and calls for motorists to consider protecting themselves by placing a camera inside …
Third Child Dies a Week After Barge-Sailboat Crash in Miami
MIAMI (AP) — The U.S. Coast Guard says a third child has died nearly a week after a barge struck and sank a boat during a sailing camp near Miami. All six people on the sailboat were pulled from the …
Florida Judge Blocks State Agency for Citizens Claims Disputes, But Insurer Appeals
A Florida judge temporarily halted Florida’s Citizens Property Insurance Corp. from sending claims disputes to a state arbitration agency, but a notice of appeal by Citizens automatically suspended the judge’s order. Hillsborough County Circuit Judge Melissa Polo said the homeowner’s …
Lemonade Posts Another Quarterly Loss but Car Growth Continues
Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …
California Wildfire Burns 72,460 Acres, Threatens Hundreds of Structures
A wildfire in California that covers two counties, and prompted evacuation orders and threatened hundreds of structures, has grown to 72,460 acres. The fire is threatening more than 870 structures, according to CalFire. At least three people have been injured …
People Moves: Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End; Aon Promotes Laing and Moore in Reinsurance Leadership Team
This edition of International People Moves details appointments at Berkley Re UK and Aon. A summary of these new hires follows here. Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End W. R. Berkley Corp. announced the appointment …
Rotten Wood, Poor inspections Led to Deadly Maine Schooner Mast Collapse
Rotten wood and poor inspections appear to have played roles in the collapse of the mast of a historic Maine schooner in an accident that killed one person and injured several others, the U.S. Coast Guard said in a report …

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