Ship Signal Jamming in Persian Gulf Worsens as Conflict Widens
Navigation signals from more than 900 vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, creating confusion in the shipping chokepoint as the fighting between Iran and Israel intensified. Starboard Maritime Intelligence and Bloomberg …
POSTED JUNE 16, 2025 8:37 AM |
Premium Insurance Demand Rises With Global Travel Disruptions
With flight cancellations, delays and other disruptions on the rise, leisure travelers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory services to limit risk. Since 2019, travel disruptions …
POSTED JUNE 16, 2025 8:07 AM |
Satanic Temple Accuses Iowa Officials of Religious Discrimination
The Satanic Temple Iowa on Tuesday filed a complaint accusing state officials of discriminating against the group because of its members’ religion, having denied them access to the state Capitol building for a December holiday display and event. The group’s …
POSTED JUNE 16, 2025 8:00 AM |
Carrier Management to Host ‘Demo Day’ for Homeowners Insurers June 18
Carrier Management is hosting the second event in a series of free “Demo Days”, designed to allow home insurers to experience rapid fire demos of cutting-edge risk tools. The latest online event offers insurance professionals risk assessment, prevention and intelligence …
POSTED JUNE 16, 2025 5:38 AM |
Federal Court Blocks CFPB Move to Scrap Racial Discrimination Settlement
A federal judge in Chicago on Thursday refused to allow the U.S. Consumer Financial Protection Bureau to vacate a racial discrimination settlement reached last year with a mortgage lender, finding there was no basis for granting an extraordinary request. The …
POSTED JUNE 16, 2025 5:18 AM |
Rate Growth Slows, Moving Violations Increase: The Road Ahead for Auto
The auto insurance market is shifting gears. Last year, the sector saw premium growth, lower retention rates and improved loss ratios, leading to a softening market and increased profitability. However, it’s a winding road, according to the 2025 annual LexisNexis …
POSTED JUNE 16, 2025 5:04 AM |
AM Best Downgrades Nonprofits Insurance Alliance Members in California, Vermont
AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a+” (Excellent) of the Vermont and California members of Nonprofits Insurance Alliance Group. …
POSTED JUNE 16, 2025 5:03 AM |
People Moves: Dann Joins The Liberty Company in California as Vice President
The Liberty Company Insurance Brokers hired Connor Dann as vice president, producer. Dann is based in Liberty’s Woodland Hills, California, office. In his new role, Connor focuses on expanding Liberty’s presence in key markets, particularly within the construction and real …
POSTED JUNE 16, 2025 5:00 AM |
Las Vegas Drywall Contractor Must Pay $824K in Wages, Damages
The U.S. Department of Labor recovered $824,276 in back wages and damages for 680 employees of a Las Vegas drywall contractor, which reported denied overtime pay to piece-rate and hourly workers. The department’s Wage and Hour Division investigated Spectrum Construction …
POSTED JUNE 16, 2025 5:00 AM |
Trump Denied Reconsideration of $5M Judgment in E. Jean Carroll Sex Abuse Case
A federal appeals court won’t reconsider its ruling upholding a $5 million civil judgment against President Donald Trump in a civil lawsuit alleging he sexually abused a writer in a Manhattan department store in the mid-1990s. In an 8-2 vote …
POSTED JUNE 16, 2025 5:00 AM |
Connecticut Hopes to Curb Auto Claims Arbitration by Shifting Cost to Insurers
Connecticut lawmakers have passed a measure to shift the cost of auto insurance arbitration hearings between claimants and insurers over damage claims to the insurance industry. Currently the department of insurance absorbs the average $3,075 cost to hold each of …
POSTED JUNE 16, 2025 5:00 AM |
Lawsuit Filed Over Jailhouse Killing of Deaf Man in Maryland
In the days before Javarick Gantt was strangled to death in jail, he was forced to share a cell with a first-degree murder suspect whose violent behavior had already alarmed his previous cellmate, according to a lawsuit filed Tuesday. Gantt, …
POSTED JUNE 16, 2025 5:00 AM |
Insurer USAA Expands Presence in Virginia With Purchase of Building
Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it expects to add 500 new jobs to the …
POSTED JUNE 13, 2025 6:00 PM |
People Moves: Beazley Taps Swiss Re’s Wunderlich as Head of Parametric Insurance; QBE Promotes Browne to UK Casualty Director
This edition of International People Moves details appointments at Beazley and QBE Insurance. A summary of these executive hires follows here. Beazley, headquartered in London, appointed Stefan Wunderlich as head of parametric insurance. Reporting to Richard Montminy, group head of …
POSTED JUNE 13, 2025 2:33 PM |
New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage
Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …
POSTED JUNE 13, 2025 2:06 PM |
California, 10 Other States Sue to Block Trump From Killing 2035 EV Rules
A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approved by …
POSTED JUNE 13, 2025 1:54 PM |
European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk
When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has …
POSTED JUNE 13, 2025 1:16 PM |
Families of People Killed in Georgia Ferry Dock Collapse Sue Companies That Built it
Relatives of seven people who drowned in waters off a Georgia island after a ferry dock walkway collapsed announced Wednesday they filed a lawsuit against the companies that designed and built it. Dozens of people were standing on the metal …
POSTED JUNE 13, 2025 1:15 PM |
JetZero to Build $4.7B Next-Gen Plane Plant in NC With Up to 14,500 Jobs
JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startup intends to …
POSTED JUNE 13, 2025 12:50 PM |
Ships Warned to Avoid Red Sea, Log Hormuz Voyages After Israel Hits Iran
Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel’s large-scale attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region. Iran has in the past …
POSTED JUNE 13, 2025 12:26 PM |
Regulators Are Harming UK as a Financial Center, Lords Warn
A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on banks and insurers, an influential group of parliamentarians found. The House of Lords Financial Services Regulation Committee said officials need …
POSTED JUNE 13, 2025 11:25 AM |
‘I Got Up and Ran’: How One Man Survived Plane Crash That Killed 241
As Air India Flight AI171 descended toward its doom on Thursday, Ramesh Vishwaskumar sat in the first row of economy class — headed for one of the most harrowing and luckiest moments of his life. After the Boeing Co. 787 …
POSTED JUNE 13, 2025 11:04 AM |
Update: Search for Answers Gathers Pace in Deadly Air India Crash
Investigators are combing the wreckage of Air India flight AI171 to determine what caused the Boeing Co. Dreamliner to crash on Thursday, killing all but one of the 242 people aboard and resulting in the deadliest aviation accident in more …
POSTED JUNE 13, 2025 10:32 AM |
Jury Awards $500K to Exploited Guatemalan Laborers in Michigan
A jury has awarded more than $500,000 to five men from Guatemala who said they were exploited and underpaid by a labor contractor that brought them to Michigan to plant and harvest fruit and vegetables. Much of the verdict last …
POSTED JUNE 13, 2025 9:00 AM |
People Moves: Feller Joins Huntington Insurance as Employee Benefits Senior Managing Director
Huntington Insurance Inc., headquartered in Columbus, Ohio, named Zack Feller as employee benefits senior managing director. Feller joins Huntington from Keystone, where he most recently served as president of employee benefits. Over his tenure at Keystone, he held multiple leadership …
POSTED JUNE 13, 2025 7:00 AM |