Trump Withholding $40.6M From California Over Truck Driver English Rules
The Trump administration said Wednesday it is withholding $40.6 million from California in federal transportation funding for failing to comply with truck driver English proficiency rules. The U.S. Transportation Department had warned California, Washington state, and New Mexico in August …
POSTED OCTOBER 15, 2025 9:44 PM |
Illinois Sues State Farm for Refusal to Release Homeowners’ Insurance Data
The State of Illinois is suing State Farm for refusing to provide nationwide homeowners’ insurance data at the request of the Illinois Department of Insurance (IDOI). Attorney General Kwame Raoul filed the lawsuit on Oct. 14 on behalf of Director …
POSTED OCTOBER 15, 2025 7:15 PM |
UK Sanctions Russia’s Lukoil and Rosneft, Targets Shadow Fleet
Britain targeted Russia’s two largest oil companies, Lukoil and Rosneft, and 44 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues. Lukoil and Rosneft were designated under …
POSTED OCTOBER 15, 2025 4:38 PM |
People Moves: The Mutual Group Names Troy as CEO
The Mutual Group, LLC announced Tom Troy as Chief Executive Officer, effective January 5, 2026. Troy has over 30 years of experience at several major insurance carriers, including senior leadership roles at some of the largest and most well respected …
POSTED OCTOBER 15, 2025 4:34 PM |
Credit Suisse Bondholders Given Fresh Hope by Swiss Court Ruling
A Swiss court has given fresh hope to Credit Suisse bondholders who sought damages after their investments were wiped out when UBS Group AG rescued the bank in a government-brokered deal over two years ago. The complainants, some 3,000 investors, …
POSTED OCTOBER 15, 2025 4:19 PM |
People Moves: Miller Taps Menn From Intact/RSA as Head of France; Aon UK Promotes Beverely as Chief Broking Officer, Gleeson as Head of Products
This edition of International People Moves details appointments at the re/insurance brokers Miller and Aon in the UK. A summary of these new hires follows here. Miller Taps Menn From Intact/RSA as Head of France Miller, the London-based independent specialist …
POSTED OCTOBER 15, 2025 4:05 PM |
Texas Ag Commissioner at Odds with USDA Over Screwworm Control Methods
USDA slaps down Texas Agriculture Commissioner Sid Miller over New World Screwworm Kate McGee and Berenice Garcia, The Texas Tribune October 14, 2025 Texas Agriculture Commissioner Sid Miller is trading barbs with the Trump Administration over its response to a …
POSTED OCTOBER 15, 2025 3:59 PM |
Stellantis to Invest $13B in the US, Focused on Midwest Plants
Stellantis STLAM.MI announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, …
POSTED OCTOBER 15, 2025 3:54 PM |
Specialist Risk Group Acquires Wholesale Team From Lockton
Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired a new wholesale team from Lockton. SRG said the move further strengthens SRG’s London market capability and expands its specialist proposition across its existing subsidiaries Miles Smith, CBC …
POSTED OCTOBER 15, 2025 3:38 PM |
Alliant Expands Transportation Risk and Cross-Border Expertise in Texas
Alliant Insurance Services acquired Texas Insurance Agency in Laredo, one of the U.S.’s busiest international trade ports, specializing in cross-border trucking risk and insurance; as well as McAfee Insurance Agency in Mabank, a leading insurance service provider in East Texas. …
POSTED OCTOBER 15, 2025 3:30 PM |
UK Is Making It Easier to Assess Public Flood-Defense Funding
The UK is making it easier for flood defense projects to access public funds as climate change increases the risk to homes. On Tuesday, the government announced changes to the way that funds are allocated to protect homes from river, …
POSTED OCTOBER 15, 2025 3:23 PM |
North Carolina Plan Wipes Out $6.5B in Medical Debt for 2.5M People
More than 2.5 million North Carolina residents are getting over $6.5 billion in medical debt eliminated through a state government effort that offered hospitals extra Medicaid funds from Washington if they gave low- and middle-income patients the financial relief and …
POSTED OCTOBER 15, 2025 3:15 PM |
Semi-Trailer Crash Into Van Kills 7 on Northeast Georgia Highway
Seven people were killed in a fiery crash on a highway in Georgia on Monday afternoon when a semi-trailer struck a van and it burst into flames, according to law enforcement. The semi-trailer was following too close to the Dodge …
POSTED OCTOBER 15, 2025 3:07 PM |
Volvo, State Farm Partner on Point-of-Sale Auto Insurance
There has been another announcement of a relationship between insurance and an auto manufacturer. State Farm and Volvo are collaborating to provide Volvo customers across the U.S. with access to car insurance options when they buy a car. Volvo customers …
POSTED OCTOBER 15, 2025 2:47 PM |
IMF Warns of Elevated Risk of ‘Disorderly’ Global Market Correction
Global markets are too comfortable with risks, including trade wars, geopolitical tensions and yawning government deficits, which, combined with already overpriced assets, increase the chance of a “disorderly” market correction, the International Monetary Fund said on Tuesday. Underscoring the IMF’s …
POSTED OCTOBER 15, 2025 2:26 PM |
Delaware Supreme Court Hears Musk’s $56 Billion Pay Package Appeal
Elon Musk’s lawyers will urge the Delaware Supreme Court on Wednesday to restore his $56 billion pay package from Tesla, as one of the biggest corporate legal battles enters its final stage nearly two years after a lower court judge …
POSTED OCTOBER 15, 2025 2:21 PM |
1 Dead, 2 Missing And Dozens Rescued After Remnants of Typhoon Lashed Alaska
One person was dead and two were missing in western Alaska after the remnants of Typhoon Halong over the weekend brought hurricane-force winds and ravaging storm surges and floodwaters that swept some homes away, authorities said. More than 50 people …
POSTED OCTOBER 15, 2025 1:55 PM |
SIAA Launches New Data Driven AI Tool to Boost Agency, Carrier Growth
The agency network, SIAA, today announced the launch of a new artificial intelligence optimization platform called SIAA NXT, a platform that combines a suite of solutions and services designed to help members and partners connect and grow in an increasingly …
POSTED OCTOBER 15, 2025 1:10 PM |
New Hampshire’s Davis & Towle Acquires Tassey Group
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, has acquired Tassey Group Insurance in Berlin, which is about 115 miles north of Concord. Davis & Towle also announced the merger of Tassey Group with Davis & Towle affiliate …
POSTED OCTOBER 15, 2025 12:09 PM |
8 Auto Insurance Providers to Pay New York $19M Over Data Breaches
New York State is securing more than $19 million in penalties from eight auto insurance providers for violations of the state’s cybersecurity regulation. Department of Financial Services (DFS) Superintendent Adrienne A. Harris said that inadequate cybersecurity controls allowed hackers to …
POSTED OCTOBER 15, 2025 11:56 AM |
US Sanctions Online Scammers Who Stole Billions From Victims
The Trump administration sanctioned more than a hundred companies and individuals in Southeast Asia linked to online investment scams that have fleeced US victims of billions of dollars in recent years. The Treasury Department — in collaboration with the UK …
POSTED OCTOBER 15, 2025 7:38 AM |
People Moves: Chamberlain to Lead Nationwide’s Small Commercial Operations; Duck Creek Gains New CEO in Former PowerSchool CEO Gulati
Chamberlain Named Small Commercial Operations and Service Solutions Leader Nationwide has tapped Joe Chamberlain to lead its small commercial operations and service solutions organization. Chamberlain has over 30 years of underwriting and operations leadership experience in the insurance industry. Most …
POSTED OCTOBER 15, 2025 6:38 AM |
Government Shutdown Threatens US Home Sales in Flood-Prone Areas: Report
A shutdown of the U.S. government could hinder the accessibility of insurance coverage to prospective homeowners in flood-prone areas, and cost the already struggling housing market billions of dollars in delayed contract closings, data showed on Tuesday. The report from …
POSTED OCTOBER 15, 2025 5:24 AM |
Viewpoint: Strong In-House Claims Functions Help Build Trust in MGA Sector
The managing general agent (MGA) market is in the spotlight as one of the most agile and innovative arrows of growth for the insurance sector. But as with any arrow, direction and precision matter. Fired without the right discipline, it …
POSTED OCTOBER 15, 2025 5:15 AM |
Agents Struggle to Find Capacity, Meet Customer Timing Expectations: Survey
A new property/casualty insurance industry survey report reveals some of the key challenges that independent agents are facing, including providing quotes within customers’ expected time frames—or finding insurance capacity at all in some areas. Almost nine-out-of-10 agents surveyed by First …
POSTED OCTOBER 15, 2025 5:11 AM |