How US-Israeli War on Iran Is Upending Global Business
The U.S.-Israeli war with Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts. Below …
POSTED MARCH 09, 2026 4:31 PM |
People Moves: Mosaic Builds Financial Institutions, Professional Liability Teams
Mosaic Insurance, headquartered in Hamilton, Bermuda, made leadership hires to finpro lines across North America. In New York City, John Soular joined the company as senior vice president, miscellaneous professional liability. With more than 20 years of experience in professional …
POSTED MARCH 09, 2026 4:00 PM |
Edison Utility Defeats Shareholder Lawsuit Over LA Wildfires
The parent company of Southern California Edison won the dismissal of a lawsuit alleging it defrauded shareholders prior to the January 2025 Los Angeles-area wildfires by assuring it had significantly reduced the risk of losses from such catastrophes. Shareholders accused …
POSTED MARCH 09, 2026 3:58 PM |
Federal Appeals Court Denies Workers’ Compensation Claim for Cannabis Edibles
A construction worker who was permanently disabled on the job has been denied workers’ compensation coverage for cannabis-infused edibles prescribed by his doctor. The Second Circuit Court of Appeals has upheld the denial on the grounds that marijuana’s classification as …
POSTED MARCH 09, 2026 3:43 PM |
People Moves: AXA XL Taps QBE’s Weaver to Lead Energy, UK & Lloyd’s; Aon Re Names Attard Head of Analytics; BHSI Appoints AIG’s O’Broin for Transactional Liability
This edition of International People Moves details appointments at AXA XL, Aon Reinsurance, and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. AXA XL Taps QBE’s Weaver as Head of Energy, UK & Lloyd’s AXA …
POSTED MARCH 09, 2026 3:36 PM |
Tennessee’s The Plateau Group is Now Lumos Insurance
After 45 years under the name The Plateau Group, the Tennessee-based multi-line insurer now has a new name: Lumos Insurance. The rebranding is the culmination of a multi-year modernization effort on corporate governance and capitalization, the company said in a …
POSTED MARCH 09, 2026 3:18 PM |
Ohio AG Sues Contractor Accused of Scamming Residents
Ohio Attorney General Dave Yost last week filed a lawsuit against a contractor accused of soliciting Northeast Ohio residents for new roofs and siding replacement, only to ghost customers after accepting over $188,000 in payments. The lawsuit, filed on March …
POSTED MARCH 09, 2026 3:06 PM |
Miami Developer Indicted in Alleged $85M Fraud Scheme
A prominent Miami real estate developer could face years in prison after he was indicted last week on charges of leading a massive fraud scheme that allegedly diverted investor funding, deceived lenders and evaded taxes. Rishi Kapoor, 42, who until …
POSTED MARCH 09, 2026 1:55 PM |
State Farm’s 17% California Homeowners Rate Hike to Remain Under New Agreement
The California Department of Insurance, State Farm, Consumer Watchdog agreed on rate request from the carrier to raise homeowners rates. The interim rate of 17% will remain in place, meaning there will be no additional impact to policyholders beyond the …
POSTED MARCH 09, 2026 1:47 PM |
Austin Shooting Response Raises Fresh Questions About Self-Driving Cars
A viral image from the March 1 shooting in downtown Austin — an autonomous vehicle blocking an ambulance from reaching the scene where a gunman fatally wounded three people and injured 15 others — has put a spotlight on driverless …
POSTED MARCH 09, 2026 1:40 PM |
Authorities Search Debris After Suspected Tornadoes Kill 6 in Michigan, Oklahoma
Authorities searched through rubble and debris in southern Michigan on Saturday after suspected tornadoes tore through the region and killed four people, including a 12-year-old boy, during powerful storms also blamed for two deaths in eastern Oklahoma. First responders from …
POSTED MARCH 09, 2026 1:35 PM |
Live Nation Reaches Settlement With DOJ in Antitrust Case
Live Nation Entertainment has reached a proposed settlement with the U.S. Justice Department in an antitrust case targeting its dominance in the live‑events industry, according to a court hearing on Monday. In the same hearing, it was disclosed that Live …
POSTED MARCH 09, 2026 1:29 PM |
Greek Oil Tanker Exits Hormuz Shipping Strait With Signal Off
A ship hauling a million barrels of Saudi crude sailed through the Strait of Hormuz in recent days, one of the first big tankers to leave the Persian Gulf since traffic through the chokepoint all but halted. The Shenlong tanker, …
POSTED MARCH 09, 2026 12:19 PM |
Asia’s Rich Having Second Thoughts on Dubai as War Rages
Many of Asia’s richest families are reconsidering their exposure to Dubai as the Iran war rattles the city that has attracted billions from across the region in recent years. Several consultants told Bloomberg News they are getting calls from clients …
POSTED MARCH 09, 2026 11:45 AM |
Airline Shares Battered, Airfares Surge as Iran War Intensifies
Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes. Oil prices were trading more …
POSTED MARCH 09, 2026 11:01 AM |
Zurich to Buy Generali’s Irish Unit for €337 Million in Cash
Zurich Insurance Group AG agreed to buy Assicurazioni Generali SpA’s RedClick unit for €337 million ($389 million) in cash to expand its non-life business in Ireland. The two companies announced the deal in separate statements Monday, confirming an earlier Bloomberg …
POSTED MARCH 09, 2026 9:58 AM |
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow
The Trump administration announced a $20 billion reinsurance program aimed at reviving shipping in the Strait of Hormuz, where traffic has all but stopped amid the US and Israeli attacks on Iran. The US International Development Finance Corp. said Friday …
POSTED MARCH 09, 2026 9:40 AM |
UK Banks Slammed by Flood Re’s CEO for ‘Ignoring’ Mortgage Risks
The UK’s flood insurer of last resort says the country’s mortgage banks aren’t doing enough to prepare for the risks facing homeowners across Britain. “Their assumption is they don’t need to do anything,” Perry Thomas, chief executive of Flood Re, …
POSTED MARCH 09, 2026 9:16 AM |
Trump Signs Order to Bolster Efforts to Combat Cybercrime
President Donald Trump signed an executive order Friday aimed at fighting cybercrime — including fraud and extortion — directing officials to identify robust tools to combat transnational criminal organizations preying on American families, businesses and infrastructure. The directive calls for …
POSTED MARCH 09, 2026 5:37 AM |
3 Big Questions Facing FEMA With Kristi Noem Out
President Donald Trump ousted Kristi Noem as head of the Department of Homeland Security, a move that will also have major implications for the nation’s top disaster agency. The Federal Emergency Management Agency, which falls under DHS, has been at …
POSTED MARCH 09, 2026 5:23 AM |
Liberty Mutual ‘Shifting From Fixing to Building’ in 2026, CEO Says
Liberty Mutual’s underwriting results across its businesses came in ahead of targets the company set three years ago when the business was unprofitable, the chief executive reported yesterday, also giving a sense of future strategies. “In 2026, a key focus …
POSTED MARCH 09, 2026 5:07 AM |
Study: AI May Be Tempering Insurer Hiring
The share of insurance companies planning to maintain their current staff size over the next 12 months has reached a 15-year high—while just 7% of insurers plan to reduce headcount in 2026. Aon and The Jacobson Group’s Q1 2026 Insurance …
POSTED MARCH 09, 2026 5:03 AM |
Georgia Appeals Court Reverses $345M Judgment Against Insurers in School Sex Abuse
Five insurance carriers cannot be expected to defend or indemnify a Georgia boarding school where child sexual abuse took place decades before the liability policies were written, the Georgia Court of Appeals has found in a ruling that reversed a …
POSTED MARCH 09, 2026 5:01 AM |
Plane That Crashed in Maine Spent Too Long on Runway After Deicing, NTSB Says
A private jet that crashed in Maine in January, killing all six people aboard, remained on the ground 8 minutes longer than it should have after receiving a deicing treatment in a snowstorm, according to a preliminary report issued Friday …
POSTED MARCH 09, 2026 5:00 AM |
Search Ends for Survivors After Fishing Vessel Sank Off Cape Cod, Killing 2
The search has been called off for any survivors after a commercial fishing vessel with two people aboard sank off Cape Cod, the U.S. Coast Guard said Friday. Coast Guard Sector Southeastern New England received a notification just before noon …
POSTED MARCH 09, 2026 5:00 AM |