People Moves: Chaucer Taps Carpenter’s Loh as CEO Singapore; Price Forbes Singapore Names Carpenter’s Heath as Head of Reinsurance and Wholesale
This edition of International People Moves details appointments at Chaucer Group and Price Forbes Singapore. A summary of these new hires follows here. Chaucer Taps Carpenter’s Loh as CEO Singapore, AXA XL’s Bryan to Lead Reinsurance APAC Chaucer Group, the …
POSTED JANUARY 13, 2026 10:10 AM |
Door of Swiss Bar Where 40 Died in Fire Was Locked, Says RTS
A service door that might have offered a second escape route at the Swiss bar where a deadly fire claimed 40 lives on New Year’s Eve was locked at the time of the incident, one of the managers told Swiss …
POSTED JANUARY 13, 2026 9:38 AM |
Markets/Coverages: Berkshire (BHSI) Expands Casualty Lines in Italy
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of primary casualty policies for national and multinational risks in Italy. “We are pleased to launch our modular, proprietary primary casualty solution, expressly designed to meet our customers’ need for simplicity, clarity …
POSTED JANUARY 13, 2026 9:18 AM |
Factbox: Elon Musk’s Grok Faces Global Scrutiny for Sexualized AI Deepfakes
Governments and regulators from Europe to Asia are cracking down on sexually explicit content generated by Elon Musk’s xAI chatbot Grok on X, launching probes, imposing bans and demanding safeguards, in a growing global push to curb illegal material. Here …
POSTED JANUARY 13, 2026 8:54 AM |
BBC Defends Documentary Targeted by Trump in $10 Billion Suit
The British Broadcasting Corp. signaled some of its defenses against President Donald Trump’s $10 billion defamation lawsuit, telling a judge that the documentary at the center of the case was fair despite a misleading edit of one segment. The BBC …
POSTED JANUARY 13, 2026 8:08 AM |
Wildfires, Storms Fuel 2025 Insured Losses of $108 Billion: Munich Re Report
Global insured losses from natural disasters fell to $108 billion last year, Munich Re said in a report on Tuesday. That compared with an inflation-adjusted $147 billion in 2024, the German reinsurer said, as the U.S. mainland avoided hurricanes for …
POSTED JANUARY 13, 2026 7:44 AM |
Schrager Hampson Aviation Acquires Delaware’s Einstein Insurance
Schrager Hampson Aviation Insurance Group (SHAIG) announced the acquisition of Einstein Insurance Inc., an aviation insurance agency based in New Castle, Delaware, Einstein Insurance Inc. became part of Schrager Hampson Aviation Insurance Agency, a division of SHAIG, on January 1, …
POSTED JANUARY 13, 2026 6:34 AM |
Experian: AI Agents Could Overtake Human Error as Cause of Data Breaches
Artificial intelligence continues to be at the center of Experian’s annual breach forecast for 2026, with the scope, frequency and cost of cyber incidents heavily influenced by the technology. AI makes its way into many of the predictions in Experian’s …
POSTED JANUARY 13, 2026 6:30 AM |
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits
Florida property-casualty insurance leaders have said they are not expecting big changes from the Legislature’s 2026 regular session that begins today, given the much-touted impact that 2022 reforms have already had on excessive litigation costs in recent years. But one …
POSTED JANUARY 13, 2026 6:01 AM |
Supreme Court Rejects Challenge to $2.46B Boy Scouts Sex Abuse Settlement
The U.S. Supreme Court declined on Monday to hear a challenge to the Boy Scouts of America’s landmark $2.46 billion settlement of sex abuse claims in a case involving a group of abuse survivors who wanted to pursue lawsuits against …
POSTED JANUARY 13, 2026 6:01 AM |
Judge Lets Orsted Resume Rhode Island Offshore Wind Project Halted by Trump
A federal judge on Monday cleared Danish offshore wind developer Orsted to resume work on its nearly finished Revolution Wind project, which U.S. President Donald Trump’s administration halted along with four other projects last month. The ruling by U.S. District …
POSTED JANUARY 13, 2026 6:00 AM |
Ex-Insurance Agent Sentenced for 2 Fraud Counts Faces Additional Charges
A Baltimore County judge sentenced Michael C. Okolo, of Parkville, Maryland, to six months incarceration for two counts of insurance fraud and one count of obstruction of justice. A jury found Okolo guilty of those charges on December 4 last …
POSTED JANUARY 13, 2026 6:00 AM |
Experts Wary of Privacy, Liability From AI Health Gadgets at CES in Nevada
Health tech gadgets displayed at the annual CES trade show make a lot of promises. A smart scale promoted a healthier lifestyle by scanning your feet to track your heart health, and an egg-shaped hormone tracker uses AI to help …
POSTED JANUARY 13, 2026 6:00 AM |
FAA Notice Warned of Slackline Before Deadly Arizona Helicopter Crash
Federal aviation records show that a week before a fatal helicopter crash, a notice was issued that a tightrope would be stretched across a mountainous area of Arizona, providing a warning for pilots to watch out for the temporary obstacle …
POSTED JANUARY 13, 2026 6:00 AM |
Sexual Assault Charges Dropped Against Former AIG Exec McElroy
Authorities in Vermont have dropped sexual assault charges against David McElroy, a former executive at American International Group (AIG). According to a document filed in Vermont Superior Court in Lamoille County, the state’s attorney for Lamoille County on Dec. 31, …
POSTED JANUARY 13, 2026 5:28 AM |
Michigan Auto Industry Faces ‘a Critical Time,’ Report Says
Michigan needs to confront risks to its $348 billion piece of the global automotive industry this year and move decisively toward keeping jobs, engineering and production in the state. That message comes from Glenn Stevens, executive director of statewide industry …
POSTED JANUARY 12, 2026 5:40 PM |
People Moves: Rockford Mutual Announces Leadership Transition
Rockford Mutual Insurance Company announced CFO Mark McWethy has decided to retire effective June 30, 2026. McWethy will continue to serve the company in an advisory capacity alongside two significant leaders being promoted into their new roles. Effective immediately, Tiffany …
POSTED JANUARY 12, 2026 5:27 PM |
Texas Staffing Agency to Settle EEOC Disability Lawsuit
Peak Performers, incorporated as St. Vincent de Paul Rehabilitation Services of Texas, Inc., an Austin-based staffing agency providing staffing and recruitment services for workers with disabilities, agreed to pay $160,000 to a disabled former employee and institute significant reforms to …
POSTED JANUARY 12, 2026 4:53 PM |
Texas Medical Marijuana Industry Sprouts New Businesses, Patients
After lawmakers blunted expansion for years, Texas’ medical marijuana industry is slated to see more marijuana operators coming online, current ones opening more facilities and more Texans enrolling in the program this year. In September, Texas officially rolled out the …
POSTED JANUARY 12, 2026 4:48 PM |
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching
Alliant Insurance Services is the latest to join a group of brokers suing new competitor Howden US over what it calls Howden’s “smash-and-grab” strategy to take teams from other brokers. The suit also names three former employees—Jessie Guerrero, Christina Murphy, …
POSTED JANUARY 12, 2026 4:22 PM |
Companies Work to Handle Safety Challenges of New Venezuelan Oil Exports: Sources
Oil companies aiming to participate in new exports of Venezuelan crude to the U.S. following the ouster of President Nicolas Maduro are in hasty discussions to find tankers and put together operations to transfer the crude safely from vessels and …
POSTED JANUARY 12, 2026 3:36 PM |
Business Moves: Nexus Acquires Medical Tourism MGA; SRG Buys North of England Broker Kennett; Jensten Buys 3 Brokers, Gaining 1st Entry in Scotland
Nexus Buys Medical Tourism MGA Sure Insurance Services Nexus Underwriting, the London-based MGA and a Brown & Brown subsidiary, announced it has acquired Sure Insurance Services, a leading provider of specialist solutions for the medical tourism industry. The deal has …
POSTED JANUARY 12, 2026 3:23 PM |
Data Centers Will Need $3 Trillion Through 2030, Moody’s Says
At least $3 trillion is set to flow into data-center-related investments over the next five years, capital that will rely on the might of multiple areas of the credit markets to provide, according to Moody’s Ratings. Trillions of dollars will …
POSTED JANUARY 12, 2026 2:56 PM |
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns
Eliminating state income taxes sounds great to many voters, but Republicans backing the push in multiple states still face questions about whether such big tax cuts can be made without raising other taxes or sharply cutting state funding for education, …
POSTED JANUARY 12, 2026 2:44 PM |
SC Lab and CEO to Repay $6.8M in Kickback Scheme Exposed by Whistleblower
A South Carolina medical testing laboratory and its CEO have agreed to repay more than $6 million for allegedly paying kickbacks to doctors in return for boosting lab testing referrals. The settlement resulted from a civil lawsuit brought by a …
POSTED JANUARY 12, 2026 2:35 PM |