Instacart to Pay $60 Million in FTC Consumer Protection Case
Grocery delivery firm Instacart will pay $60 million to refund consumers who were deceived into enrolling in the company’s subscription service, Instacart+, the US Federal Trade Commission said. The consumer protection agency said the company that operates Instacart, Maplebear Inc., …
POSTED DECEMBER 23, 2025 6:57 AM |
Check it Twice: Holiday Cargo Theft Events Up 82% Since 2020
Keep an eye on that sleigh, Santa—holiday cargo theft events increased 82% between 2020 and 2024. “The holiday period creates conditions criminals exploit—reduced oversight, facility closures, and high-value freight moving on compressed schedules,” said Keith Lewis, vice president of operations …
POSTED DECEMBER 23, 2025 6:32 AM |
Markets/Coverages: Risksmith Launches New DIC Earthquake Program
Specialty managing general underwriter Risksmith Insurance Services announced the launch of its new difference in conditions (DIC) earthquake insurance program. Built for large, complex and true excess & surplus property exposures, the program offers flexibility, deep technical expertise and underwriting …
POSTED DECEMBER 23, 2025 6:29 AM |
Former CEO of Nonprofit P/C Statistical Agent Sentenced for Stealing Millions
A former chief executive officer of a statistical agent that compiles data from insurance companies for state insurance departments has been sentenced on charges related to her theft of millions of dollars from the organization. According to court records out …
POSTED DECEMBER 23, 2025 6:10 AM |
People Moves: CRC Adds New Brokers in Nashville, Birmingham
CRC Specialty, an independent wholesale specialty insurance distributor, named two new brokers in its Southeast operations. Ron Bussey will be a senior broker based in Nashville, focused on casualty insurance placements for large and middle-market clients, the company said in …
POSTED DECEMBER 23, 2025 6:01 AM |
People Moves: XPT Specialty Hires Corrado; NFP Appoints Favale; Jencap Adds Edge
XPT Specialty Hires Corrado as Personal Lines Insurance Broker XPT Specialty, headquartered in New Haven, Connecticut, hired Joseph Corrado as a personal lines insurance broker. Corrado has experience in portfolio oversight, agency partnerships and the Northeastern U.S. insurance landscape. Corrado …
POSTED DECEMBER 23, 2025 6:00 AM |
California Braces for String of Storms Bringing Rain and Snow
It’s going to be a wet Christmas in California, where a series of storms is about to dump as much as 10 inches (25 centimeters) of rain this week. An atmospheric river is already drenching San Francisco and the Bay …
POSTED DECEMBER 23, 2025 6:00 AM |
Twice Injured Firefighter Loses Second Workers’ Compensation Claim
A Delaware firefighter who twice suffered a workplace injury has been denied workers’ compensation benefits for his second claim because of the way he settled his first claim. He was denied compensation for the second injury because it was judged …
POSTED DECEMBER 23, 2025 6:00 AM |
Alliant Named Broker for New York MTA’s $2 Billion Subway Project
Alliant Insurance Services reported that it was chosen by New York’s Metropolitan Transportation Authority (MTA) as the insurance broker for Phase 2 of the Second Avenue Subway project, a $2 billion project that was begun in 2025 and is expected …
POSTED DECEMBER 23, 2025 6:00 AM |
Los Angeles Angels Settle Lawsuit With Family of Late Pitcher
The Los Angeles Angels reached a confidential settlement Friday with the family of late pitcher Tyler Skaggs after a lengthy trial that detailed drug use by players. The two-month trial centered on whether the Angels bore responsibility for Skaggs’ 2019 …
POSTED DECEMBER 23, 2025 6:00 AM |
Louisiana Man Sentenced for Multi-State Vehicle Theft Scheme
A Louisiana man was sentenced this month to 115 months in federal prison for his involvement in an alleged multi-state vehicle theft. U.S. District Judge Brian A. Jackson sentenced Christopher Don Byerley, age 45, of Broussard, Louisiana following his convictions …
POSTED DECEMBER 22, 2025 5:39 PM |
Texas Lawmakers Fight Against Federal Interference in State AI Regulations
An executive order by President Donald Trump may bring Texas into conflict with the federal government over a new state law regulating the use of artificial intelligence. Trump signed an executive order last week that threatens to cut off federal …
POSTED DECEMBER 22, 2025 4:45 PM |
Stonetrust Workers’ Comp Expands Into North Carolina
Stonetrust Commercial Insurance, a workers’ compensation carrier based in Louisiana, has expanded into North Carolina, bringing to 13 the number of states in the Southeast and Midwest the company writes in. Stonetrust said in a statement that it is now …
POSTED DECEMBER 22, 2025 4:17 PM |
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases
The 79-year-old former CEO of a health care software firm was sentenced to 15 years in prison after he was convicted of more than $1 billion in fraud tied to falsely billing Medicare for durable medical equipment and other items. …
POSTED DECEMBER 22, 2025 3:55 PM |
People Moves: Chubb Overseas General Promotes DePeters to Lead Commercial Insurance, Specialty; BMS Taps Emkes From Lockton as Director of Commercial D&O
This edition of International People Moves details appointments at Chubb Overseas General Insurance and BMS Group. A summary of these new hires follows here. Chubb Overseas General Promotes DePeters to Lead Commercial Insurance, Specialty Chubb announced that John DePeters has …
POSTED DECEMBER 22, 2025 3:50 PM |
Uber Safety Chief to Depart in Latest Executive Shakeup
The Uber Technologies Inc. veteran overseeing its safety operations is set to depart, setting off a second round of executive changes this year at a time when the rideshare giant is being scrutinized in court over the measures it takes …
POSTED DECEMBER 22, 2025 3:05 PM |
AI, Cyber insurance and Climate Change Are Key Insurance Themes for 2026: GlobalData
Artificial intelligence (AI), cyber insurance, and climate change/natural catastrophes are the three themes that will have the biggest impact on the insurance market in 2026, according to an annual prediction from GlobalData, the London-based data and analytics company. “Insurers that …
POSTED DECEMBER 22, 2025 3:04 PM |
NTSB Unclear Who Was at Controls in Jet Crash That Killed Biffle and 6 Others
Federal investigators are trying to figure out why a business jet carrying retired NASCAR driver Greg Biffle and six others tried to return to a North Carolina airport just after takeoff but plowed into light poles and a tree line …
POSTED DECEMBER 22, 2025 2:46 PM |
Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics
A federal appeals court ruling last week could potentially help insurers find out who is truly behind litigation financing and medical clinics that are said to participate in auto accidents and insurance fraud. But more legislation is needed in many …
POSTED DECEMBER 22, 2025 2:31 PM |
Climate Insurance Gap Is Widening – Leaving Marginalized Canadians Behind
Every year, extreme weather events wreak havoc across Canada, disrupting the lives of tens of thousands. Financial losses from these events have surged, surpassing $7 billion in 2024, due in part to climate change, asset accumulation and more people living …
POSTED DECEMBER 22, 2025 1:46 PM |
Happy Holidays: 18,000 Delawareans Have Their Medical Debt Eliminated
Delaware Governor Matt Meyer reported results of Delaware’s medical debt elimination initiative, with nearly $19 million in medical debt abolished for more than 18,000 citizens thus far. The effort is supported by a $500,000 item in the 2026 fiscal year …
POSTED DECEMBER 22, 2025 1:18 PM |
Private Credit Ratings Face Fresh Scrutiny From Global Watchdogs
The private credit industry is facing fresh scrutiny from top global regulators over some of the ratings being assigned to debt in the $1.7 trillion market, people familiar with the matter told Bloomberg News. The Financial Stability Board, which monitors …
POSTED DECEMBER 22, 2025 1:06 PM |
Swiss Court Admits Indonesian Islanders’ Climate Case Against Cement-Maker Holcim
A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim, which alleges the company is doing too little to cut carbon emissions and hence contributing to global warming. Four residents of the …
POSTED DECEMBER 22, 2025 12:48 PM |
UK Suspects Chinese Involvement in Foreign Office Cyberattack
The UK Foreign Office was hacked in October in an attack that British officials suspect was carried out by Chinese state-backed actors. The breach was first reported by the Sun newspaper, which said that a Beijing-linked group had accessed thousands …
POSTED DECEMBER 22, 2025 12:15 PM |
Denmark Blames Russia for Cyberattacks on Utility That Left Houses Without Water
Russia carried out cyberattacks against infrastructure and websites in Denmark in 2024 and 2025, Danish authorities say in a new assessment published this week describing new cases not previously reported. Moscow was responsible for “destructive and disruptive” cyberattacks on a …
POSTED DECEMBER 22, 2025 11:35 AM |