The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved robust earnings growth in 2023 and 2024 exceeding their cost of capital. This is largely attributed to …

No place is more vulnerable to hurricanes in the 50 U.S. states than the Florida Keys. The chain of islands celebrated by singer Jimmy Buffett in his odes to tropical escapism is surrounded by water, jutting out 120 miles southwesterly …

A lawsuit filed by the parent company of Florida-based Trident Reciprocal Exchange charges that the insurer’s former CEO and co-founder secretly funneled more than $400,000 to her and her husband’s accounting firm for computer services that turned out to be …

Canadian property and casualty insurer Definity Financial’s $2.4 billion purchase of Travelers Cos.’ Canadian business could spur a wave of consolidation in Canada’s insurance sector, its CEO said. The deal announced Tuesday will establish Definity as the fourth-largest property and …

Hawaii’s governor signed legislation this week that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and other consequences of climate change. The signing, which comes nearly two …

The federal Occupational Safety and Health Administration (OSHA) has reached a settlement agreement with a New Jersey commercial bakery where an employee suffered partial finger amputations in 2023. The company, Valenti’s Bakery, has agreed to pay a $180,000 penalty and …

Homeowners in California and Oregon in high-risk wildfire areas can earn discounts on insurance premiums through a new certification program to take mitigation steps to reduce risk. Mercury Insurance partnered with the Insurance Institute for Business and Home Safety to …

Joint law enforcement operations in Bakersfield, Oakland, and San Bernardino have made 6,727 arrests, recovered 4,842 stolen vehicles and confiscated 313 dangerous firearms, according to an announcement from Gov. Gavin Newsom’s office. The ongoing joint law enforcement operations took place …

Third Generation Joins Sgroi Lawley Group LLC Timothy Sgroi joined the team at Sgroi Lawley Group LLC, headquartered in Seneca, New York. Timothy Sgroi is the son of partner Patrick Sgroi and represents the third generation of the Sgroi family …

Premiere Rehab (doing business as Infinity Rehab), a rehabilitation and therapy service provider with locations in 18 states, including Minnesota, has agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. …

Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be …

President Donald Trump green-lit disaster relief for eight states on Friday, assistance that some of the communities rocked by natural disasters have been waiting on for months. The major disaster declaration approvals allow Arkansas, Iowa, Kansas, Missouri, Mississippi, Nebraska, Oklahoma …

This edition of International People Moves details appointments at Fidelis Insurance Group and Everest Group. A summary of these new hires follows here. Fidelis Insurance Group Promotes Greenwood as Chief Underwriting Officer for Bermuda Fidelis Insurance Holdings Ltd., the Bermuda-based …

An auto mechanic was sentenced to 33 months in prison and ordered to repay $1.37 million to his victims for defrauding a Missouri customer, among others, the U.S. Attorney’s Office, Eastern District of Missouri announced last week. Beginning in November …

As the US heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it’s …

Four years after it was founded, Florida-based Slide Insurance plans to go public. The holding company for the Tampa-headquartered company, which has more than 343,000 policies in Florida, last week filed registration paperwork with the U.S. Securities and Exchange Commission. …

On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high levels …

Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more than US$1 billion. Rising geopolitical …

Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal charges for two fatal crashes of its 737 Max jets more than six years ago. The settlement was disclosed in …

For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation’s largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construction permit …