Florida Congresswoman Indicted on Charges of Misusing $5M in FEMA Funds
A federal grand jury in Miami has indicted U.S. Rep. Sheila Cherfilus-McCormick and others, charging that they used federal disaster relief funds for her 2021 Congressional campaign. Federal prosecutors said Cherfilus-McCormick, 46, and her brother, Edwin Cherfilus, 51, of Miramar, …
POSTED NOVEMBER 20, 2025 4:31 PM |
People Moves: IQUW Taps Munich Re’s Gregory as Reinsurance Underwriter; The Fidelis Partnership Names Dlugosch From Swiss Re as Group Head of Aviation
This edition of International People Moves details appointments at IQUW and The Fidelis Partnership. A summary of these new hires follows here. IQUW Taps Gregory From Munich Re as Underwriter in London Reinsurance Team Specialty insurer and reinsurer IQUW announced …
POSTED NOVEMBER 20, 2025 4:19 PM |
Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline
Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In …
POSTED NOVEMBER 20, 2025 4:11 PM |
Trucordia Acquires Eberle Insurance in Arkansas
Trucordia acquired Eberle Insurance in Arkansas. Eberle Insurance is an independent insurance agency serving Sherwood and the greater Central Arkansas region, including nearby Little Rock. Trucordia is the group name for an insurance brokerage headquartered in Lindon, Utah. The firm …
POSTED NOVEMBER 20, 2025 4:10 PM |
Insurance IPOs Hit 20-Year High on Wall Street
Insurance companies’ first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump’s trade war. Predictable cash flows and resilient business model gave private equity firms …
POSTED NOVEMBER 20, 2025 3:54 PM |
Florida Takes Steps to Put Recreational Marijuana on the Ballot Next Year
Florida elections officials have taken early steps under pressure from activists to advance a proposed initiative to legalize recreational marijuana to next year’s ballot, legal filings show. The procedural move comes after the campaign behind the issue, Smart & Safe …
POSTED NOVEMBER 20, 2025 3:51 PM |
Belgian Farmer Sues French Energy Giant for Damage Caused by Climate Change
A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by climate change, in the latest lawsuit by environmental activists against big energy companies. Ahead of the …
POSTED NOVEMBER 20, 2025 3:46 PM |
Zurich, Arrowsight Camera-Coaching Pilot Slashes NYC Workers’ Compensation Claims
A three-year pilot program using video surveillance and coaching at New York City construction sites led to a more than 50% drop in workers’ compensation claims frequency and enhanced jobsite safety. According to insurer Zurich North America, Zurich Resilience Solutions …
POSTED NOVEMBER 20, 2025 3:45 PM |
Court Pauses California Law Requiring Companies to Report Climate-Related Financial Risk
A U.S. appeals court paused a California law set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially. Another new law requiring major companies to annually disclose their …
POSTED NOVEMBER 20, 2025 2:57 PM |
Europe’s Cold Snap Puts Thousands of New Heat Pumps to the Test
The Arctic cold snap hitting Europe this week will be a test for thousands of Polish families that in recent years replaced coal furnaces with solar panels and heat pumps to heat their homes. Temperatures are expected to drop to …
POSTED NOVEMBER 20, 2025 2:30 PM |
Major Music Labels Strike Deals With New AI Streaming Service
The world’s largest music companies have licensed their works to a music startup called Klay, which is building a streaming service that will allow users to remake songs using artificial intelligence tools. Klay is the first music AI service to …
POSTED NOVEMBER 20, 2025 1:52 PM |
Karen Read Claims ‘Gross Misconduct’ by State Police Shielded Real Killers
Karen Read, who was found not guilty of charges in the death of her boyfriend, has filed a lawsuit accusing members of the Massachusetts State Police and several others of targeting her and shielding the real killers. Read walked out …
POSTED NOVEMBER 20, 2025 1:44 PM |
Australia Banking Regulator Warns on Elevated Risks From Abroad
Risks to Australia’s financial system from overseas are heightened and current geopolitical volatility will remain for some time, according to the nation’s banking regulator. While the country is well-placed to absorb potential shocks, the resilience could be eroded if institutions …
POSTED NOVEMBER 20, 2025 11:15 AM |
Former New China Life Insurance Chair Gets Suspended Death Sentence for Corruption
The former chairman of New China Life Insurance, Li Quan, was sentenced to death with a two-year reprieve on corruption charges by a court in the Chinese province of Shandong, national broadcaster CCTV reported on Wednesday. Li’s case adds to …
POSTED NOVEMBER 20, 2025 10:48 AM |
Missouri to See Small Increase in Workers’ Comp Rates in 2026
The Missouri Department of Commerce and Insurance (DCI) announced that workers’ compensation rates will increase slightly for employers for 2026. The National Council on Compensation Insurance (NCCI) proposed a slight 1.3% increase for 2026 workers’ compensation loss costs, marking only …
POSTED NOVEMBER 20, 2025 9:00 AM |
People Moves: The McGowan Companies Appoints Pitonyak as VP of National Programs
The McGowan Companies, headquartered in Fairview Park, Ohio, appointed Lauren Pitonyak as vice president of national programs. Pitonyak has over 14 years of experience in the insurance industry. From 2011 to 2019, she served at Aon Affinity in Hatboro, Pennsylvania, …
POSTED NOVEMBER 20, 2025 8:00 AM |
Texas Hemp Regulation Proceeds Despite Federal Restriction
The Texas Alcoholic Beverage Commission moved forward on Tuesday with its efforts to regulate the sale of consumable hemp products as questions swirled around the future of the industry due to federal restrictions on the products approved by Congress last …
POSTED NOVEMBER 20, 2025 7:00 AM |
Louisiana Commissioner Approves Rate Decreases for About 12K Allstate Auto Policies
Approximately 12,000 Louisiana Allstate customers will soon see a decrease in their auto insurance premiums. Louisiana Insurance Commissioner Tim Temple announced last week he has approved rate decreases for two Allstate subsidiaries. Temple approved Allstate North American Insurance Company’s (ANAIC) …
POSTED NOVEMBER 20, 2025 7:00 AM |
Indiana AG Sues Apartments Owners Over Alleged Uninhabitable Conditions
Indiana Attorney General Todd Rokita filed a civil lawsuit against the owners and property managers of Lake Castleton Apartments in Indianapolis, alleging that they have systematically failed to repair critical systems such as air conditioning and plumbing. Further, the landlords …
POSTED NOVEMBER 20, 2025 7:00 AM |
The Art of Negotiation: Benchmark, Bundle, Trade
“Everything is a negotiation,” says leadership expert John Burrows. Whether you’re working on a multimillion-dollar M&A deal, arguing for a better salary during a job offer, or simply trying to choose where to order takeout for your family dinner, “we’re …
POSTED NOVEMBER 20, 2025 6:39 AM |
People Moves: Marinello Named ReSource Pro Senior Director, Partnerships; United Risk Makes Additions to Leadership Team
Marinello named ReSource Pro Senior Director, Partnerships and Advisory ReSource Pro, headquartered in New York City, appointed Rob Marinello as senior director of partnerships and advisory. Marinello will spearhead the expansion and formalization of the company’s partnership program. Marinello has …
POSTED NOVEMBER 20, 2025 6:31 AM |
Trump Urges Congress to Block State-Level AI Regulation
President Donald Trump called on Congress to pass a federal standard governing oversight of artificial intelligence and warned that varied regulation at the state level risked slowing the development of an emerging technology that’s critical to the US economy. In …
POSTED NOVEMBER 20, 2025 6:08 AM |
Florida Judge Orders Citizens’ Arbitration to Continue, Clashing With Other Order
The legal battle over Florida’s property insurer of last resort’s use of a state agency to hear claims disputes in arbitration took new turns this week, prompting one policyholder attorney to note that a move designed to reduce courtroom time …
POSTED NOVEMBER 20, 2025 6:01 AM |
Families Sue Air Ambulance Company Over 2 Deaths in Philadelphia Crash
The families of two of the eight people killed earlier this year when an air ambulance crashed in Philadelphia filed a lawsuit on Monday, claiming the medical air transport company and others negligently caused their deaths. The wrongful death case …
POSTED NOVEMBER 20, 2025 6:00 AM |
King Risk Partners Buys Acacia Insurance in Massachusetts
Florida-based national insurance agency King Risk Partners announced its continued expansion into the New England market through the acquisition of Acacia Insurance, an independent agency located in Waltham, Massachusetts. Acacia Insurance provides personal and commercial insurance solutions, including coverage for …
POSTED NOVEMBER 20, 2025 6:00 AM |