Pet Insurance, Agents Gets a Shorter Leash Under Bill DeSantis Signed Into Law
Pet insurance is considered property insurance, and pet coverage and pet wellness programs will soon face new regulations and disclosure requirements under a bill signed into law by Florida Gov. Ron DeSantis. House Bill 655, approved with no opposition in …
Everglades Restoration Aims to Protect Florida Keys, Water, State Economy
ISLAMORADA, Fla. (AP) — The Everglades is more than just swamps, fan boats and alligators — and restoration efforts impact more than the land between Florida’s east and west coasts. Florida Bay, a body of water located between the southern …
WEF Launches Probe Into Founder Schwab Over Whistleblower Allegations
The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman. The announcement came a day after the 87-year-old Schwab said he was …
Report: California’s New Vehicle Market Outlook Clouded by Tariffs
New vehicle registrations in California rose 8.3% in the first quarter of 2025 compared with the same period a year earlier, putting the state above a nationwide 4.6% increase in a buying surge that may have been driven by consumers …
Lawmakers Urge FAA to Address Safety Issues at Washington Airport After Incidents
Three senior Democratic lawmakers on Tuesday urged the Federal Aviation Administration to address significant safety issues at Reagan Washington National Airport and maintain reduced air traffic after a series of troubling incidents. Representatives Rick Larsen and Steve Cohen and Senator …
People Moves: Vermont Mutual’s Clark Named Io International Group Post
Vermont Mutual Senior Executive Assistant Paula Clark was recently named regional vice president of the International Association of Insurance Professionals (IAIP), announced at the Region I 2025 Conference held in Hasbrouck Heights, New Jersey. IAIP is a community committed to …
A ‘Low-Attention Disaster,’ Mountain Fire Survivors Recover in LA’s Shadow
The ashes of Hatim Naim’s burned home lie just a few dozen miles west of the Los Angeles areas destroyed by January’s Palisades and Eaton fires. But because the Mountain Fire, which destroyed 182 houses and other structures in Ventura …
Viewpoint: California’s Latest Insurance Privacy Bill Would Add Layer of Regulation
California lawmakers are once again turning their attention to consumer privacy—this time with a laser focus on the insurance sector. At a moment when insurance companies are already navigating a minefield of data privacy laws, the newly proposed Senate Bill …
Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves
U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with President Donald Trump’s administration over its rapid-fire and sweeping efforts to sidestep federal regulations on oil, gas and coal development. The preparations will pose …
British Food and Clothing Group M&S Discloses Cyber Incident
Britain’s Marks & Spencer said on Tuesday it has been managing a cyber incident over the past few days, and had made some temporary changes to its store operations. The more than 140-year-old clothing and food company said it is …
Wildfire Losses Drop Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’
First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarter …
IMF Slashes Global Outlook as White House Says Trade Talks Pick Up Pace
Worldwide economic output will slow in the months ahead as U.S. President Donald Trump’s steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington seeking deals with …
UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers
United Kingdom’s Admiral Group has agreed to sell its U.S. insurance business — Elephant Insurance Co. and Elephant Insurance Services— to the private investment firm J.C. Flowers & Co. for an undisclosed cash consideration. Headquartered in Richmond, Virginia, Elephant is …
Inszone Acquires Missouri’s Davidson Insurance Agency
Inszone Insurance Services announced its recent acquisition of Davidson Insurance Agency Group, LLC. Located in Missouri, Davidson Insurance Agency has proudly served local businesses, families, and individuals since its founding in 1970, building a reputation for personalized and comprehensive insurance …
California Workers’ Comp Board OKs Higher Pure Premium Rate Filing
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B: Aon
Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to …
AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …
ALKEME Acquires Michigan’s Crawford Insurance Group
ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …
Capital Farm Credit Acquires Two Texas Agencies
The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …
Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust
Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …