A collision involving a tanker carrying jet fuel for the U.S. military and a container ship off Britain’s coast is an unusual incident that raises questions over what went wrong despite safety measures in place, three shipping and insurance sources …

Lloyd’s this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. The company revealed the losses …

Multiple brush fires that burned across a wooded area of Long Island over the weekend were accidentally caused by a family’s attempt to make s’mores, Suffolk County police said Monday. Commissioner Kevin Catalina said detectives traced the cause to a …

More than half of ransomware claims in 2024 started with threat actors compromising perimeter security appliances, according to a new report from Coalition. In its Cyber Threat Index 2025, the insurance provider reported that 58% of claims began with such …

Atlanta-area-based Oakbridge Insurance, one of the largest privately owned agencies in the Southeast, named John Ledyard chief operating officer and executive vice president. Ledyard spent almost 11 months at Higginbotham, a Texas-based insurance brokerage and agency, much of that time …

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its reinsured subsidiary Granwest Property & Casualty. …

U.S. Secretary of Health and Human Services Robert Kennedy Jr. directed the Food and Drug Administration on Monday to revise safety rules to help eliminate a provision that allows companies to self-affirm that food ingredients are safe. This would increase …

The owner of a Rhode Island asbestos abatement training center who falsified documents attesting individuals paid for, attended, and successfully completed an Environmental Protection Administration (EPA)-approved abatement training program has been sentenced to two years’ probation, announced Acting United States …

For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental, and the market largely catered to established patterns of risk and pricing. This stability, however, has been disrupted recently, with …

The Girl Scouts have been sued by consumers over the alleged presence of “heavy metals” and pesticides in its popular Thin Mints and other cookies. A proposed class action was filed on Monday night in the Brooklyn, New York federal …

Texas First Insurance announced the promotions of Jerry Blystone to Chief Executive Officer and Bryan Burkhart to President. Having celebrated 100 years in business earlier this year, these promotions position the independent insurance agency for continued growth and success over …

The Justice Department on Friday celebrated its decision to drop a federal lawsuit against a Louisiana petrochemical plant accused of worsening cancer risks for residents in a majority-Black community, saying the dismissal showed that officials are “delivering on President (Donald) …

Four Wisconsin voters whose ballots were not counted in the November presidential election initiated a class-action lawsuit Thursday seeking $175,000 in damages each. The voters were among 193 in Madison whose ballots were misplaced by the city clerk and not …

World Insurance Associates LLC reports it acquired the business of Archambault Insurance Associates of Putnam, Connecticut in December. Terms of the transaction were not disclosed. Archambault was founded in 1928 by Joseph A. Archambault. Today the third-generation, family-owned, full-service agency …

AM Best has assigned Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Ratings of “a-” (Excellent) to Previsor Insurance Company (Centennial, Colo., MEM Protect Insurance Company, MEM Shield Insurance Company and MEM Secure Insurance Company. The outlooks assigned …

A new law in South Dakota prohibiting the use of eminent domain to acquire land for carbon capture pipelines raises questions about the viability of a proposed 2,500 mile (4,023-kilometer) project snaking through five Midwest states. Summit Carbon Solutions, the …

Consumers lost more than $12.5 billion to fraud in 2024, which represents a 25% increase over the prior year, according to newly released Federal Trade Commission data. The FTC said while the number of fraud reports remained stable at about …

A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …

Five years ago, Melanie Richburg used a roll of duct tape, a HEPA filter and a portable fan to draw contaminated air out of a hospital room where patients were tested for the coronavirus. Now, as the state’s largest measles …

Florida’s Citizens Property Insurance Corp. is planning to move its Jacksonville office, due in part to security concerns at its current downtown location where more than 800 employees have worked for the last 10 years. The Citizens Board of Governors …