People Moves: Burns & Wilcox Promotes Leaders Nationwide
Burns & Wilcox, headquartered in Farmington Hills, Michigan, transitioned several of its professionals into new leadership positions. Sam Carson, formerly vice president, operations, is now vice president & managing director with responsibilities for the Burns & Wilcox offices in Chicago, …
Poll: Most Americans Believe Cities Will Be Lost to Rising Sea Levels
Many Americans believe climate change climate change is likely to cause some cities to be lost to rising sea levels, and they also expect mass displacement of people and serious damage to the global economy, a new poll shows. A …
France Boards Russia-Linked Oil Tanker in Shadow Fleet Move
France’s navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude. The operation was carried out on the high seas, with the support …
Egan-Jones Ratings No Longer Recognized by Bermuda Regulator
Egan-Jones Ratings Co. has been removed from the Bermuda Monetary Authority’s list of recognized credit ratings providers, according to recent guidance from the watchdog. The regulator is no longer listing Egan-Jones among the ratings providers that can inform an insurer’s …
Big North European Investors Reassess US Exposure as Geopolitical Risk Mounts
Big Northern European investors are increasingly wary of the risks of holding U.S. assets in the face of geopolitical tensions, pensions chiefs told Reuters, a sign of a broadening shift away from the world’s biggest financial market. A top investment …
Commercial Lines Market Overall Remains Firm, Says Ivans
Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to fourth quarter 2025 results of the Ivans Index. “The commercial insurance market remains firm overall, though renewal trends suggest it is gradually moving off the …
AI Data Center Boom Risks Roiling Global Carmaker Supply Chains
The auto sector is bracing for yet another potential supply chain disturbance, this time spurred by the rush to build data centers that train and develop artificial intelligence models. A shortage of memory chips caused by the data center boom …
20,000 AI Users at Travelers Prep for Innovation 2.0; Claims Call Centers Cut
Days after announcing a deal to equip 10,000 engineers and data scientists at Travelers with AI assistants, the insurance company’s leader detailed “differentiating domain expertise” around data and technology, which fuel long-term profit growth for the insurer. Travelers Chief Executive …
Security First Latest Florida Insurer to Roll Back HO3 Rates
Hot on the heels of a significant rate cut in December, Florida’s Security First Insurance has announced another average decrease for one of its homeowners products. The use-and-file decrease will average about 5.2% for the carrier’s Signature+ HO3 policies, a …
Washington Bill Granting Restitution to Insurance Consumers Passes State Senate
A bill to provide restitution to policyholders harmed by their insurer or agent passed the Washington Senate on Wednesday on a 29 to 20 vote. The bill, sponsored by Insurance Commissioner Patty Kuderer and sponsored by Senator Adrian Cortes (D–Battle …
Relation Insurance Acquires PT Business Solutions in California
Relation Insurance Services has acquired the assets of PT Business Solutions in South Pasadena, California. PT Business Solutions is a provider of employee benefit, HR, payroll, workers’ compensation and group retirement plans. The agency has been serving clients since 2003. …
New Jersey Announces $16 Million More in Medical Debt Relief
In the state’s seventh round of medical debt relief, outgoing Governor Phil Murphy announced that nearly 14,000 New Jersey residents will see almost $16 million in medical bills abolished. The relief is a result of the state’s ongoing partnership with …
Estee Lauder Sued by Beauty Tech Startup for Alleged Theft
Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travelers in hotels. In a complaint filed on Friday night in …
People Moves: EverPeak Insurance Names Kranz President; Arrowhead Intermediaries Appoints Davis as CMO; Owens Joins Alliant as SVP
EverPeak Insurance Names Kranz President EverPeak Insurance created a unified leadership team headed by Kathy Kranz. Kranz most recently served as interim COO at EverPeak. She previously served a long tenure as CFO of Pinnacol Assurance. The new EverPeak Insurance …
Texas Officials Say State Is Ready for Winter Storm
Nearly five years after Winter Storm Uri sparked widespread power outages and killed hundreds of Texans, officials and residents are once more girding for a round of severe winter weather that will blanket large parts of the state. Dangerously cold …
Kentucky DOI Warns Agents to Be Careful Giving Investment Advice
The Kentucky Department of Insurance is reminding insurance agents to be careful when advising clients on securities transactions. State law requires that investment advisors be registered with the state. And when an insurance agent advises a consumer to “sell, surrender, …
People Moves: Cottingham & Butler Names Hessling President; Blessing Named Office President of CRC Group Kansas City Operation
Cottingham & Butler Names Hessling President Cottingham & Butler, headquartered in Dubuque, Iowa, named Mike Hessling as president. Hessling joins Cottingham & Butler from Gallagher Bassett, where he served as CEO of North America. As president, Hessling develops and executes …
Pennsylvania Blocked $227.9 Million in P/C Insurance Hikes in 2025, Says Regulator
The Pennsylvania Insurance Department (PID) said it saved residents $227.9 million by blocking proposed property/casualty insurance premium increases from taking effect in 2025. Through the rate review process in 2025, PID reported that its review of property/casualty (P/C) rate filings …
Appeals Court Allows for Separate Loss-of-Consortium Damages
A Missouri spouse can collect loss-of-consortium damages separate from her husband’s underinsured-motorist benefits, a federal appeals court ruled. The 8th U.S. Circuit Court of Appeals concluded that an Auto-Owners Mutual Insurance Company auto policy was poorly drafted. Therefore, its ambiguity …
People Moves: Howden Launches US Cyber Practice
Howden today announced the launch of a U.S. cyber practice, with Juliet White hired as head of cyber and Lou Botticelli as cyber brokerage leader. Since May 2022, White has been head of cyber at E&O at Vantage Risk Cos. …