SpaceX Sued for Alleged Home Damage in South Texas
A group of 80 South Texas plaintiffs are suing Elon Musk’s aerospace company SpaceX, alleging its rocket testing caused “massive” sonic booms that damaged their houses repeatedly over a two-year period. The lawsuit was filed in the U.S. Southern District …
POSTED MAY 04, 2026 6:00 AM |
CISA Weighs Cutting Deadlines to Fix Digital Flaws Amid Worries Over AI
U.S. cybersecurity officials are considering sharply shorter deadlines for fixing critical flaws in government IT systems, amid concerns hackers could exploit them using artificial‑intelligence tools such as Anthropic’s Mythos, people familiar with the matter said. The move, which has not …
POSTED MAY 04, 2026 5:15 AM |
Misclassification Costs Workers, Social Insurance
As many as 10–30% of employers misclassify workers at an enormous cost to both workers and social insurance systems. New analysis from the National Employment Law Project, focusing on state-level reports on employee misclassification, estimates that social insurance systems can …
POSTED MAY 04, 2026 5:12 AM |
KBRA Assigns Issuer Rating to Universal, as Q1 Results Mark ‘Fantastic’ Start to 2026
KBRA, the Kroll Bond Rating Agency, has assigned a BBB issuer rating to Universal Insurance Holdings, along with a BBB credit rating, ahead of the Florida insurance holding company’s refinance of $100 million in unsecured notes. The ratings are slightly …
POSTED MAY 04, 2026 5:03 AM |
Berkshire CEO Abel Says Insurance Becoming Increasingly Competitive
Berkshire Hathaway reported improved first-quarter performance from the conglomerate’s insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. “The reality is that … as our insurance business softens, we cannot realize the value we should for …
POSTED MAY 04, 2026 5:03 AM |
SC Bill Would Change ‘Free’ Windshield Replacement and Give DOI More Authority
Under a bill poised to win approval in the South Carolina legislature, the decades-old practice of letting many drivers automatically enjoy relatively painless windshield replacements may soon disappear. House Bill 4817, titled the “Insurance Rate Reduction and Policy Holder Protection …
POSTED MAY 04, 2026 5:02 AM |
People Moves: Alliant Adds McCarter to Employee Benefits Team in Denver
Denver, Colorado-based Rachel McCarter joined Alliant Insurance Services as vice president within its employee benefits group. In this role, she will partner develop and implement benefits services designed to drive value and enhance employee engagement. McCarter has worked with clients …
POSTED MAY 04, 2026 5:00 AM |
Mayor Mamdani Pushes to Shrink New York Business Tax Credit
New York City Mayor Zohran Mamdani is delaying the city’s $127 billion budget as he pressures the state to limit a tax credit used by hedge funds, private equity firms and other businesses. Mamdani and City Council Speaker Julie Menin …
POSTED MAY 04, 2026 5:00 AM |
RI Settles With Deloitte for $12M Over 2024 Ransomware Attack on Benefits System
Rhode Island Governor Dan McKee announced that the state has finalized a settlement agreement with Deloitte Consulting LLP related to the December 2024 cybersecurity incident that shuttered the state’s benefits administration site, RIBridges. In February 2025, Deloitte, the services provider …
POSTED MAY 04, 2026 5:00 AM |
Maui Fire Lawsuit Payouts Are Near, but Few Will Break Even
Leslie Clark isn’t counting on money from the Maui wildfire settlement to help rebuild her family home near Front Street in Lahaina. Worrying about something out of her control “is not good for your health,” said Clark, 62, who lost …
POSTED MAY 04, 2026 5:00 AM |
Inszone Acquires Arkansas’ Mena Insurance Agency
Inszone Insurance Services announced the acquisition of Mena Insurance Agency, Inc. This strategic acquisition brings a century-old institution and an experienced team into the Inszone organization, further expanding its footprint in Arkansas. Founded in 1911 by H.G. McLafferty, Mena Insurance …
POSTED MAY 01, 2026 4:27 PM |
Protective Life to Acquire P/C Specialty Insurance Carrier Obsidian
In a rare crossing of insurance lines, Alabama-based Protective Life Insurance Co. is moving to expand into property/casualty lines by acquiring Obsidian Insurance Holdings, Inc., a New York-based property, casualty and specialty insurance platform. The companies say the acquisition will …
POSTED MAY 01, 2026 3:40 PM |
Charlie Crist Is Running for St. Petersburg Mayor
Former Florida governor and U.S. Rep. Charlie Crist is seeking yet another office, this time running for mayor of his hometown of St. Petersburg. Crist, 69, has been a Republican, a Democrat and an independent during his political career. He …
POSTED MAY 01, 2026 3:23 PM |
Trader Mercuria Sues Baltic Exchange Over Hormuz Freight Losses, Court Filing Shows
Commodity trader Mercuria is suing the Baltic Exchange, the world’s top provider of benchmark shipping indices, over losses it said were caused by oil tanker pricing data that did not account for the effective closure of the Strait of Hormuz, …
POSTED MAY 01, 2026 3:12 PM |
Tenn. Detective Facing Charges of Burning His Own Car, Filing False Insurance Claim
An arraignment has been rescheduled for a former sheriff’s detective in Tennessee who is charged with setting fire to his own vehicle and filing a fraudulent insurance claim. Daniel Lee Garrett, 44, who until recently was with the Scott County …
POSTED MAY 01, 2026 3:05 PM |
US House Passes Farm Bill After Scrapping Pesticide Language Opposed by MAHA
The U.S. House of Representatives on Thursday passed its version of a five-year farm bill after stripping a provision opposed by the “Make America Healthy Again” movement that would have blocked some lawsuits against pesticide makers. The House passage shows …
POSTED MAY 01, 2026 3:01 PM |
FDA Says Testing Reveals Domestic Infant Formula Supply Is Safe
The U.S. Food and Drug Administration on April 29 said tested samples of infant formula available in the country contained very low levels of contaminants, confirming that the nation’s supply is safe for consumption. The agency tested more than 300 …
POSTED MAY 01, 2026 2:25 PM |
Trucordia Acquires Paradiso Insurance of Connecticut
Trucordia reported it has acquired Paradiso Financial and Insurance Services in Stafford Springs, Connecticut. Paradiso offers auto, home, life, business and specialty lines insurance. Joining Trucordia will give Paradiso’s team and clients access to more carrier relationships, shared resources, and …
POSTED MAY 01, 2026 2:00 PM |
LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …
POSTED MAY 01, 2026 1:58 PM |
Manufacturing Industry Top Target of Costly Cyberattacks: Report
A review of five years’ of proprietary claims data revealed just how vulnerable manufacturers are to cyberattacks and the high cost of disruptions, according to Resilience, which found more than 90% of total incurred losses in its manufacturing portfolio were …
POSTED MAY 01, 2026 1:05 PM |
New Hampshire Ups DUI Test Refusal Penalty
New Hampshire Governor Kelly Ayotte recently signed into law an increase in the penalty for drivers who refused a breath alcohol test when stopped on suspicion of driving under the influence (DUI). Senate Bill 620 increases the administrative license suspension …
POSTED MAY 01, 2026 12:30 PM |
People Moves: Howden Re Expands Cyber Reinsurance Team With 5 New Hires; Zurich Promotes McBride to Newly Created Role as Head of International Construction
This edition of International People Moves details appointments at Howden Re and Zurich Insurance Group. A summary of these new hires follows here. Howden Re Expands Cyber Reinsurance Team With 5 New Hires Howden Re, the global reinsurance, capital markets …
POSTED MAY 01, 2026 11:19 AM |
Markets/Coverages: Marsh Risk’s D&O Facility Offers Unlimited ‘Any One Claim’ Cover
Marsh Risk, a business of insurance broker and risk advisor Marsh, announced that its Marsh Alpha directors and officers (D&O) insurance facility now offers unlimited claims on a single, unrelated basis as standard. Marsh Alpha, which provides protection for individual …
POSTED MAY 01, 2026 10:36 AM |
Arch Insurance EU Launches Europe Property Operations, While Opening Milan Office
Arch Insurance EU announced the launch of its European property operations, alongside the opening of a new office in Milan writing accident & health, cargo & logistics, fine art & specie, general liability and property, effective immediately. This development marks …
POSTED MAY 01, 2026 10:12 AM |
Iran War Is ‘Supercharging’ Clean Energy Transition, UN Climate Chief Says
The Iran war is “supercharging” the world’s shift to renewable energy, as countries scramble to reduce their exposure to volatile oil and gas markets, the U.N. climate secretary said on Thursday. The U.S.-Israeli war with Iran has upended oil and …
POSTED MAY 01, 2026 9:02 AM |