Los Angeles, US West Brace for Second Bout of Record March Heat
Los Angeles and the U.S. Southwest are set for a second record heat wave in two weeks as temperatures soar, potentially straining electric grids, melting snowpack and raising health risks. Tuesday’s high in downtown Los Angeles is forecast to reach …
POSTED MARCH 17, 2026 6:49 PM |
SEC Preparing to Scrap Quarterly Reporting Requirement, WSJ Reports
The U.S. Securities and Exchange Commission is preparing a proposal to scrap the requirement for companies to report their earnings every quarter and giving them the option to share results twice a year, the Wall Street Journal reported on Monday. …
POSTED MARCH 17, 2026 4:01 PM |
TDI Names Tapp as Deputy Commissioner of Consumer Protection Division
The Texas Department of Insurance (TDI) announced Matthew Tapp as deputy commissioner of its Consumer Protection Division. Tapp will oversee the division, which helps Texans resolve insurance questions and complaints and protects consumers by overseeing agent and adjuster licensing. The …
POSTED MARCH 17, 2026 3:28 PM |
Illinois Commercial Bakery Cited for Worker Safety Violations
The U.S. Department of Labor has cited a Chicago, Illinois-based commercial bakery for repeatedly exposing employees to safety hazards after a worker suffered a broken arm in September 2025 when clearing dough from a machine while working on the production …
POSTED MARCH 17, 2026 3:24 PM |
Corpus Christi City Council to Address Looming Water Crisis
As drought tightens its grip on South Texas, city leaders in Corpus Christi are expected to deliver what could be the most sobering update yet on the region’s water supply outlook. At Tuesday’s city council meeting, officials are expected to …
POSTED MARCH 17, 2026 3:21 PM |
DUAL North America Names Ashby CEO
DUAL Group announced the the appointment of Ed Ashby as chief executive officer, DUAL North America, effective March 23. Ashby will lead the U.S. business from New York, reporting to Richard Clapham, CEO, DUAL Group. Ashby joins from Axis, where …
POSTED MARCH 17, 2026 3:13 PM |
Howden Announces Leadership Changes for Regional Restructuring
Howden, the London-based insurance broking group, announces leadership appointments and regional structure changes, aiming to better serve clients and insurer partners. Howden said the changes will more closely align expertise and shape the business to bring all of its growing …
POSTED MARCH 17, 2026 2:48 PM |
Facing Suit From Former Employer, Parrish Appointed Howden CEO, Americas
Howden said Michael Parrish has been appointed CEO, Americas in a move the broker said would align better for clients. “Howden Americas, under Mike’s leadership, will bring together the exciting new retail broking operations in the US with our fast-growing …
POSTED MARCH 17, 2026 2:32 PM |
Tennessee Minors Sue Musk’s AI System, Alleging it Generated Sexual Images of Them
Three Tennessee plaintiffs, including two minors, sued Elon Musk’s xAI on Monday, alleging that it knowingly designed its Grok image generator to let people create sexually explicit content by using real photos of others. The lawsuit, filed in the San …
POSTED MARCH 17, 2026 2:12 PM |
‘Zombie’ Second Mortgages Spur New Battles in California, Maryland
In a room outside the Maryland State Senate chamber last winter, consumer advocates were meeting privately with lawmakers to explain how borrowers were losing their homes over “zombie” loans, old second mortgages that they hadn’t heard from lenders about in …
POSTED MARCH 17, 2026 2:00 PM |
Tornadoes, High Winds Leave Damage Across Parts of the Southeast
From Alabama to North Carolina, tornadoes and probable tornadoes ripped a roof off a warehouse, damaged homes and left many without power across the Southeast. News sites reported that a confirmed tornado, with winds of 85 mph, struck an air-conditioning …
POSTED MARCH 17, 2026 1:55 PM |
Woman Admits Stealing Checks From Builder and Maryland Automobile Insurance Fund
A Crofton, Maryland woman has pleaded guilty in two separate felony theft schemes, according to Attorney General Anthony G. Brown. On Monday in Anne Arundel County Circuit Court, Carolyn Rae Aldridge admitted to stealing a combined total of $185,296.28 during …
POSTED MARCH 17, 2026 12:21 PM |
IMO Chief Says Naval Escorts Won’t Guarantee Ship Safety Through Strait of Hormuz: FT
The head of the International Maritime Organization has said that naval escorts through the Strait of Hormuz will not “100 percent guarantee” the safety of ships attempting to transit the waterway, the Financial Times reported on Tuesday. Military assistance was …
POSTED MARCH 17, 2026 11:01 AM |
Middle East War to Intensify Soaring European Corporate Distress
The outbreak of hostilities in the Middle East and surging energy costs are expected to exacerbate soaring levels of financial distress among European corporates, according to Alvarez & Marsal Inc. Even before the US and Israel began their attacks on …
POSTED MARCH 17, 2026 8:44 AM |
Update: Hormuz Escape Route Suggests Ships Navigate on Iran’s Terms
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …
POSTED MARCH 17, 2026 8:10 AM |
Chicago Area’s $19 Billion Tax Bill Fuels Fight for Assessor Job
Chicago’s real estate industry has ignited a battle over a $19 billion tax bill that property owners say is holding back new construction and contributing to surging rents. Donors have poured $1.4 million in the past six months into the …
POSTED MARCH 17, 2026 8:00 AM |
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according to people involved in the market. The cost of coverage has leaped to about 5% of the value of a …
POSTED MARCH 17, 2026 7:48 AM |
Amazon Unit Withdraws From Drone Trade Group, Raises Safety Concerns
Amazon.com’s drone unit Prime Air is withdrawing from the Commercial Drone Alliance, taking issue with the industry trade group’s opposition to a regulatory proposal for detect-and-avoid systems to prevent drone collisions with crewed aircraft. In a previously unreported letter seen …
POSTED MARCH 17, 2026 5:15 AM |
Iran-Linked Hackers Take Aim at US, Other Targets, Raising Risk of Cyberattacks
Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos …
POSTED MARCH 17, 2026 5:14 AM |
People Moves: HW Kaufman Group Names Hattaway President of RB Jones; Rokstone Hires QBE North America Casualty Leader Lill
HW Kaufman Group Names Hattaway President of RB Jones RB Jones, a managing general underwriter providing specialty risk coverage solutions for brokers, agents and wholesalers, named Michael Hattaway as president. He will be based in New York City and report …
POSTED MARCH 17, 2026 5:13 AM |
AI Hyperscalers’ Shadow Borrowing Bolsters Private Credit Risks
Investment in AI infrastructure via off-balance sheet debt is increasing the exposure of insurers and private credit funds to hyperscalers, according to officials at the Bank for International Settlements. “Alongside traditional bonds, hyperscalers have turned to off‑balance sheet arrangements to …
POSTED MARCH 17, 2026 5:10 AM |
Florida Brownfield Development Bill Raising Concerns About Coverage, Litigation
Amid the last-minute scramble to move legislation before the non-budgetary session was set to end last week, Florida lawmakers quietly approved a bill that could open up more contaminated “brownfield” areas in south Florida to housing development. But the bill, …
POSTED MARCH 17, 2026 5:01 AM |
AM Best Revises Outlooks to Stable for Amica Group
AM Best reports it has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Co. and its …
POSTED MARCH 17, 2026 5:00 AM |
Insurer Wants Its $3.5M Back Because City Delayed Reporting Claims for 5 Years
The city of New Haven’s insurance company is insisting that the city pay back the $3.55 million the insurer paid to settle claims over a 2019 rooming house fire in which two people were killed. Pennsylvania Manufacturers Association Insurance Co. …
POSTED MARCH 17, 2026 5:00 AM |
Owners of Large California Tow Operation Charged in $6M Workers’ Comp Fraud Scheme
Owners of one of the biggest towing businesses in Southern California were arrested on multiple counts of felony insurance fraud. Bothers Mark Hassan and Ahmed Hassan were charged with underreporting employee payroll and paying parts of employees’ wages in cash …
POSTED MARCH 17, 2026 5:00 AM |