Farmers Looks to Make it Easier for Consumers to Understand Insurance
Farmers Insurance has launched a new initiative designed to make insurance easier to understand and more transparent for consumers. Farmers said the enterprise-wide effort reflects its continuing commitment to helping consumers better understand their options so they can make more …
Cover Genius Raises $100M in Capital From Vista Credit Partners
Cover Genius, the insurtech for embedded insurance, said on July 15 it raised $100 million in capital, backed by Vista Credit Partners, a subsidiary of Vista Equity Partners. The raise ups the business to a $1.9 billion valuation, said Cover …
Progressive Q2 2026 Net Income Up 4%
Second quarter 2026 net income at Progressive Corp. increased 4% compared to the same period a year ago to about $3.3 billion. Progressive reports results monthly. Net income for June was down 31% to about $779 million. The Mayfield Village, …
Florida Regulators Mulling New Rules on Market Conduct Exams, Reporting
Florida regulators are considering three rule changes, one on how market-conduct examinations are triggered, one on an expanded claims-dispute mediation system, and one that would require certain quarterly reports even when the insurer has not engaged in the type of …
New Jersey Insurance Agents Are Not Exempt From Consumer Fraud Act: High Court
The New Jersey Supreme Court has ruled unanimously that insurance brokers, producers, and agents are not entitled to a professional exemption from liability under the state’s Consumer Fraud Act (CFA). The court found that “extending the learned professional exception to …
Risk Theory Launches Jupiter Platinum Home E&S Product in California
Risk Theory Insurance Services launched Jupiter Platinum Home, a primary excess and surplus product for high-net-worth homeowners in California. The program, with capacity from Amherst Specialty Insurance, is built for homes with a $750,000 dwelling limit up to $25 million …
Busy Wildfire Season in West Tests Fire Bosses as They Juggle Resources
It’s already been a deadly year for firefighters, and authorities have been putting resources where they can more quickly pounce on wildfires before they get out of hand and increase the possibility of additional loss of life and property. Fire …
PG&E Says Power Shutoffs Required in California on Wildfire Risk
PG&E Corp. warned that power shutoffs will be required on Wednesday and Thursday in three California counties as dry conditions and gusty winds increase fire risks. PG&E is taking steps to preemptively shut off electricity to homes and businesses in …
FDA Sued for Allowing Unauthorized Vaping Products
A coalition of public health organizations, pediatricians and parents sued the U.S. Food and Drug Administration on July 14, challenging a new policy that allow some manufacturers to sell vapes and nicotine without the legally required license. The lawsuit, filed …
UK Steps Closer to Creating ‘Internationally Competitive’ Captive Market
The UK has lagged behind many of its insurance market competitors in that it does not have a not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish their captives overseas, …
Indiana Woman Pleads Guilty to Defrauding Elderly Victim of More Than $500K
An Indiana woman has pleaded guilty to wire fraud for her role in a six‑year scheme that targeted and financially devastated an elderly victim Shayna Williams, 51, of Westfield, was involved in a car accident with an elderly woman. Following …
AM Best Assigns Credit Ratings to Arkansas’ WoodStar Reciprocal Exchange
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to WoodStar Reciprocal Exchange (WoodStar), based in Little Rock, Arkansas. In addition, AM Best has assigned a Long-Term Issue Credit …
Antares’ CEO Michael van der Straaten Dies at 58
Antares, the specialist global re/insurance group, announced the death of its chief executive officer Michael van der Straaten. “It is with great sadness that we announce that Michael van der Straaten, CEO of Antares, passed away unexpectedly this weekend following …
Michigan Sues Water Services Company for Allegedly Submitting False Safe Reports
Michigan Attorney General Dana Nessel has filed a civil lawsuit against the president of water services provider Douglas Environmental for allegedly violating the Natural Resources and Environmental Protection Act (NREPA). Nessel contends that Brian Powell submitted false reports that did …
Texas Contractor Cited After Worker Dies in Elementary School Crawl Space
The U.S. Department of Labor has cited a building contractor and a staffing company for safety violations after a worker suffered fatal injuries while operating a mini-excavator beneath an elementary school in Converse, Texas. The department’s Occupational Safety and Health …
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls
Waking up in a Waymo comes as a shock. Ditto Kasendar remembers soft music drifting from the robotaxi’s speakers as he rode home late at night from a friend’s birthday party last year. The next moment, Los Angeles firefighters were …
After Biden Denied Alabama Coal Waste Bid, Trump Reverses Course
The Environmental Protection Agency on Monday proposed to approve Alabama’s application to take over issuing certain coal waste permits from the agency, part of a trend under President Donald Trump to transfer more authority from the federal government to states. …
Meta Used AI to Target Workers With Medical Conditions for Layoffs, Lawsuit Claims
Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs. The lawsuit, filed …
Russia Accuses Ukraine of Terrorism in Sea of Azov as Kyiv Opens New Front in War
Russia on Tuesday accused Ukraine of terrorism over its escalating attacks on shipping in the Sea of Azov, a route that handles about a quarter of its grain exports. Ukrainian drones hit 11 Russian vessels in the Sea of Azov …
States Sue to Block Paramount’s $110 Billion Warner Bros Discovery Deal
California and 11 states sued to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television. The lawsuit filed in Oakland federal court, …
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Comunicados de prensa más recientes
Gran Caimán, 18 de diciembre de 2024.
St. Kitts y Nieves, 6 de diciembre de 2024. El Gobierno de Honduras recibió un pago de US$4.665.090 dentro de los 14 días de un evento de exceso de lluvia que afectó a ese país durante el período del 14 al 19 de noviembre de 2024.
Granada, 30 de julio de 2024. Tras el paso del huracán Beryl, Grenada Electricity Services Limited (GRENLEC) recibió un pago de seguro de US$9.323.275 del CCRIF.
Gran Caimán, Islas Caimán, 23 de julio de 2024.
