Homeowners Facing Big Deductibles? Mission Says it Has a Buyback Plan for That
It’s not unusual in today’s housing market to own a home valued at $1 million or more. It’s also not that rare for the insurance coverage on a high-end home to carry a $100,000 wind deductible. Mission, a group of …
New York Construction Firm to Pay $1.4M to Workers for Violating Their Rights
A New York City construction firm will pay $1.5 million to settle charges that it violated state workers’ compensation laws, retaliating against injured workers, and failing to address sexual harassment in the workplace. New York Attorney General Letitia James announced …
Florida Jury Awards Jack Nicklaus $50M in Defamation Suit vs. His Former Company
A south Florida jury on Monday awarded golfing legend Jack Nicklaus $50 million in a lawsuit in which he charged that his former company and business partners tried to harm his reputation. The Palm Beach Circuit Court jury did not …
World Acquires Wisconsin’s Green Bay Insurance Center
World Insurance Associates announced that it acquired the business of Green Bay Insurance Center of Green Bay, Wisconsin. Terms of the transaction were not disclosed. Founded in 1968, Green Bay Insurance Center is a full service agency located in Green …
Rockford Mutual Launches Commercial Auto in Michigan
Rockford Mutual Insurance Company (RMIC) announced the official launch of commercial auto coverage in Michigan, effective immediately. With this latest addition, RMIC now offers a complete suite of commercial insurance products to Michigan independent insurance agents, reinforcing our commitment to …
Louisiana Judge Invalidates Permit for LNG Facility, Orders Review of Climate Impact
A Louisiana judge has tossed out a key permit for a liquefied natural gas facility that won approval from President Donald Trump’s administration, ordering a state review of how the facility’s planet-warming emissions would affect Gulf Coast communities vulnerable to …
Florida AG Issues Criminal Subpoenas for Roblox, Says Platform Puts Children at Risk
Two weeks after the Kentucky attorney general filed suit, Florida Attorney General James Uthmeier said his office is issuing criminal subpoenas to Roblox Corp., calling the video gaming platform a “breeding ground for predators” that puts children at risk. In …
State Officials Say New Rules, Delays for FEMA Grants Put Disaster Response at Risk
State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing risk to …
New Hampshire Youth Centers Seeking Coverage for Child Abuse Claims Sue Insurer
Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage for child abuse lawsuits filed against them. Philadelphia Indemnity Insurance Co., the insurer for Mount Prospect Academy and the Vermont …
Amazon Says All Cloud Services Restored After 15-Hour Outage
Amazon Web Services, the world’s largest cloud provider, resolved the issues that plagued its services for about 15 hours on Monday, an episode that highlighted how much of the internet is dependent on the operations of a single company. In …
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market …
Poland, Romania Foil Russian Exploding Parcels Plot, Warsaw Says
Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to Ukraine. European officials have previously …
People Moves: Lockton Re Taps Aon’s Bell as Head of Aviation; Canopius Hires Webber From Trans Re as Head of Reinsurance London
This edtiion of International People Moves details appointments at Lockton Re and Canopius Re. A summary of these new hires follows here. Lockton Re Taps Aon’s Bell as Head of Aviation Lockton Re, the reinsurance business of independent insurance broker …
Fire at Airport Cargo Complex Disrupts Bangladesh’s Garment Exports
A massive fire at the import cargo complex of Dhaka airport has caused extensive damage to goods and materials belonging to major garment exporters, with losses and impacts on trade likely to run into millions of dollars, industry leaders said …
Operation Underway to Salvage LPG Tanker MV Falcon After Explosion in Gulf of Aden
An operation was underway on Monday to salvage the liquefied petroleum gas tanker MV Falcon, which remains on fire and adrift in the Gulf of Aden following an October 18 explosion on board, maritime security sources said. The Cameroon-flagged vessel …
Insurance Agency M&A Picks Up in Q3 but Down for the Year: OPTIS
The pace of insurance agency mergers and acquisitions picked up during the third quarter of 2025 but as of Sept. 30, M&A is down 7% this year compared to last year. According to investment banking and financial consulting firm OPTIS …
A 7-Minute Louvre Heist Leaves Behind DNA and Dropped Crown
It took just seven minutes for robbers armed with disc grinders to get in and out of the world-famous Louvre museum in Paris with a stash of royal necklaces, tiaras and earrings. They left the nearby 140-carat “Régent” diamond untouched, …
KKR, Quadrantis to Acquire Minority Stake in Hong Kong’s Peak Re
KKR & Co. and Quadrantis Capital agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance Co. KKR and Quadrantis will hold about 11.3% and 1.8% of Peak Re, respectively, after the deal is completed, according to a statement Tuesday, …
‘Massive Legal Siege’ Against Social Media Companies Looms
Thousands of plaintiffs’ complaints, millions of pages of internal documents and transcripts of countless hours of depositions are about to land in US courtrooms, threatening the future of the biggest social media companies. The blizzard of paperwork is a byproduct …
Shutdown Stalemate Brings IPO Holdouts Off the Sidelines
Companies on deck to go public in the US are powering forward with unconventional IPO plans despite the lingering government shutdown, taking many on Wall Street by surprise. Travel software startup Navan Inc. and electric plane-maker Beta Technologies Inc., two …