TIMBY Specialty Launches Warehouse Legal Liability Coverage
Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party property. With limits up to $5 million per location, WHLL offers options covering additional …
In Tesla’s Wake, More Big Companies Propose Voting ‘Dexit’ to Depart Delaware
In the coming weeks, investors in nine public companies worth at least $1 billion each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found. …
People Moves: Roberts Joins Alliant in Boston; MEMIC Promotes Amoateng and Finn
Paul Roberts joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Boston, Massachusetts, the consultant has expertise in employee benefits, risk management and retirement consulting to service a diverse national …
New York Sues Capital One for Cheating Savings Depositors
Capital One was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of cheating depositors with its flagship “high interest” savings accounts out of millions of dollars in interest. The lawsuit followed the U.S. Consumer …
LA County Wildfire Alert Mistakenly Sent to Millions Due to Tech Glitch
A technological glitch caused an emergency alert to be mistakenly sent to millions of Los Angeles County residents in January rather than only those in the proximity of a wildfire, according to a congressional report. The mistaken alert on Jan. …
Waymo Recalls 1,200 Self-Driving Vehicles After Minor Collisions
Alphabet’s Waymo is recalling more than 1,200 self-driving vehicles to update software and address risks of collisions with chains, gates and other roadway barriers after U.S. auto safety investigators opened a probe last year. The recall affects 1,212 Waymo vehicles …
More Than 200 Firefighters Battled Warehouse Blaze in Baltimore. No Injuries Reported
More than 200 firefighters battled a massive blaze that broke out at a west Baltimore warehouse, disrupting Amtrak service in the area and prompting officials to move dozens of area residents. Commuter rail service was canceled Tuesday amid fears the …
Report: California Workers’ Comp Combined Ratio Highest in 14 Years
Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California …
Business Moves: Insurtech wefox to Sell Italian Businesses to PE Firm J.C. Flowers
German Insurtech wefox has agreed to sell its Italian businesses, wefox MGA S.r.l. and wefox Services Italy S.r.l., to U.S. private equity firm J.C. Flowers & Co. Financial details of the deal were not disclosed. Founded in 2015, wefox has …
Missouri Lawsuit Filed Against Natural Gas Company Over Fatal Home Explosion
Missouri’s attorney general sued a natural gas company Monday over the explosion of a home in a small town that killed a 5-year-old boy, accusing the utility of violating a state safety law. Attorney General Andrew Bailey’s lawsuit came less …
Texas AG Secures $60M Judgment in Pollution Case
Texas Attorney General Ken Paxton last week announced a judgment of more than $60 million against David Polston and his companies, Inland Environmental and Remediation, Inland Recycling, and Boundary Ventures, for allegedly dumping pollutants in Texas waterways and lands. In …
Judge Recommends Approving 17% State Farm Rate Hike in California
It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Seligman recommended approval …
At Least 10 Sickened in Listeria Outbreak Linked to Prepared Foods
At least 10 people in the U.S. have been sickened in a listeria outbreak linked to ready-to-eat food products, and a producer is voluntarily recalling several products, federal officials said. The U.S. Food and Drug Administration said Saturday that federal, …
1 Killed, 32 Injured in Bus Vs. SUV Crash on LA Area Freeway
One person was killed and 32 people were injured, including two critically, when a tour bus and a sport utility vehicle collided on a Los Angeles area freeway, officials said. The lone occupant of the SUV died after the vehicle …
Florida OIR Fines Centauri Specialty for Unappointed Adjusters, Other Issues
Sarasota-based Centauri Specialty Insurance, now part of Arbol’s Lilypad Insurance Holdings, used non-appointed adjusters in the wake of Hurricane Ian in 2022 and has agreed to pay a $100,000 fine to Florida regulators. A market conduct examination by the Florida …
Maine Weighs What to Do When Religion Collides With Auto Insurance
Maine lawmakers today are expected to consider a measure that would allow followers of the Mennonite religion to self-insure for motor vehicle insurance. Rep. Steve Foster (R-Dexter) introduced the bill on behalf of his Mennonite constituents who say insurance violates …
Four Hondurans Indicted in Florida on $89M Workers’ Comp, Tax Avoidance Charges
A grand jury in Orlando last week indicted four Honduran nationals for allegedly operating an off-the-books cash payroll scheme for construction workers that defrauded workers’ compensation insurers and avoided payroll taxes. Iris Villafranca, Mario Flores, Osman Zapata, and Cristofer Oseguera …
Court Hears Small Business Bid to Block Trump Tariffs
Five American small businesses asked a U.S. court on Tuesday to halt President Donald Trump‘s “Liberation Day” tariffs, arguing that he overstepped his powers by declaring a national emergency to impose across-the-board taxes on imports from nations that sell more …
Markets/Coverages: CRC’s Starwind Specialty Launches 4 Programs
Starwind Specialty Insurance Services, a CRC Group company, said it has launched four insurance programs — Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis. Starwind Environmental, led by Program President Mike Padula, delivers solutions including …
Georgia Insurance Commissioner King Joins Race for Ossoff’s U.S. Senate Seat
Inflammatory Congresswoman Marjorie Taylor Greene won’t, but Georgia Insurance Commissioner John King will run for the U.S. Senate now held by Democrat John Ossoff. King, a former police chief in Georgia, was appointed to the insurance commissioner job in 2019 …

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