NJ Wildfire Update: 50% Contained; High Spread Risk Today; Suspect in Custody
At a time when firefighters are battling one of the worst wildfires in New Jersey’s history, there is an increased risk for rapid fire spread this afternoon across portions of the Garden State and eastern Pennsylvania, according to the National …
People Moves: 3 Key Exec Roles Filled in Everest Wholesale Business; Willis Appoints Merker to Lead P/C Broking Sales
Everest of Warren, New Jersey, made three key leadership appointments to the company’s U.S. wholesale business, Everest Evolution. Matt Meserole has been named head of excess casualty, overseeing the strategic direction and underwriting performance of the Everest Evolution Excess Casualty …
More Americans Breathe Unhealthy Air Due to Wildfires, Extreme Heat
Around 156 million Americans, nearly half of the US population, now live in areas with unhealthy levels of air pollution, part of a trend toward declining air quality as climate change-related extreme weather events like wildfires occur more frequently. That’s …
World’s Biggest Companies Have Caused $28 Trillion in Climate Damage: Study
The world’s biggest corporations have caused $28 trillion in climate damage, a new study estimates as part of an effort to make it easier for people and governments to hold companies financially accountable, like the tobacco giants have been. A …
Baloise Says Main Shareholder Patria Buys 9.35% Stake Ahead of Helvetia Merger
Baloise on Friday said that Patria Genossenschaft had acquired a 9.35% stake in the Swiss insurer, which this week announced plans to merge with competitor Helvetia. Patria is Helvetia’s main shareholder. The shares were acquired from Cevian Capital, Baloise said, …
Forecast Calls for Wildfires to Burn More Land Across US This Year
A Long-range forecast predicts wildfires will burn more land across the U.S. this year, with a potentially active spring in places and a build up into summer.
Dog Bite Claims Soar in Frequency and Cost: Report
Insurers in the U.S. paid out about $1.6 billion in dog-related injury claims in 2024, according to data compiled by the Insurance Information Institute (Triple-I) and State Farm. The number of dog bite and related injury claims last year totaled …
Florida Class Action Targets Litigation Funding Firm Over Data Breach
Third-party litigation financing have become big business across the country, much to the chagrin of businesses and insurance companies that have faced multi-million lawsuit verdicts. But now one Florida-based litigation funding firm, which has loaned money to plaintiffs in a …
People Moves: Virginia’s Workers’ Comp Commission Names Two Deputy Judges
The Virginia Workers’ Compensation Commission Names Two New Deputy Commissioners The Virginia Workers’ Compensation Commission (VWCC) has named two new deputy commissioners, Frederick T. Schubert II and Christopher R. Wilson. Schubert and Wilson will serve as administrative law judges under …
Medical Evaluator Demand Grows in California Workers’ Comp System
The number of qualified medical evaluators in California’s workers’ compensation system has increased since 2019, but the demand for their services has overtaken this growth, a new analysis shows. Between 2019 and 2024, the number of state-certified evaluators increased by …
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with the matter. India’s shipping ministry is considering applications from Sberbank Insurance, which …
New Jersey Sues RealPage, Claiming Collusion With Landlords Drives Up Rents
New Jersey sued the property management software company RealPage, accusing it and 10 of the state’s largest landlords of conspiring to drive up residential rents, violating federal and state antitrust laws and New Jersey consumer fraud laws. The complaint filed …
Why New York and New Jersey Are at Risk of Spring Wildfires
The wildfire scorching southern New Jersey ignited despite a series of downpours in recent weeks — and the region is ripe for more blazes. April’s rains didn’t soak into the ground enough to prevent the fire from erupting at the …
Two Sentenced for Roles in Catalytic Converter Theft Ring
Prosecutors in Connecticut announced sentencing of two men involved in catalytic converter theft and trafficking. Alexander Kolitsas, 31, of Wolcott, was sentenced in Hartford to 60 months in prison, followed by two years of supervised release, for operating a catalytic …
Texas-Based Insurtech Steadily Secures $30M Series C Round
Steadily, a provider of landlord insurance in the U.S., announced $30 million in Series C funding led by Two Sigma Ventures at a $355 million valuation. Steadily serves 18 million individual rental property owners who collectively own the majority of …
Insurance Industry Charitable Foundation Establishes Minnesota Chapter
The Insurance Industry Charitable Foundation, a nonprofit organization dedicated to helping communities and enriching lives, recently announced the establishment of the IICF Minnesota Chapter, part of the IICF Midwest Division. Based in Minneapolis and serving the Twin Cities region, this …
Texas Farmers Fear Proposed Legislation Could Devastate Hemp Economy
Andrew Hill, who studied and farmed hemp in California before it was legal in Texas, was a keynote speaker at the state’s first-ever agricultural hemp expo in Dallas in 2019. Amid considerable hype and excitement that followed the recent federal …
Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive
A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers’ information and then selling that data to Progressive. The lawsuit alleges that Toyota and Connected Analytic Services (CAS) collected …
Delta Plane Catches Fire at Orlando Airport in Latest Incident for Airline
ORLANDO, Fla. (AP) — A Delta Air Lines airplane caught fire on Monday before it was supposed to take off at a central Florida airport, forcing the evacuation of passengers, airport officials said. There were no reports of any injuries …
Minnesota Senior Living Facility Fined $73K for Pregnancy Discrimination
White Pine Senior Living, an assisted living facility in Minnesota, has agreed to pay $73,000 and provide other equitable relief to settle a pregnancy discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). According to the …