Dairy Giants Rush to Recall Infant Formula After Expanding Contamination Scare
Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula after a contamination scare that began with Nestle widened on Wednesday to French groups Danone and Lactalis. The recalls highlight how a single compromised …
POSTED JANUARY 22, 2026 7:29 AM |
Water ‘Bankruptcy’ Era Has Begun for Billions, Scientists Say
A new era has begun of “global water bankruptcy,” with humans depleting freshwater systems to the point they can’t recover, according to a new United Nations report. Three-quarters of the world’s population — about 6.1 billion people — now live …
POSTED JANUARY 22, 2026 7:09 AM |
Trump Backs Down on Greenland Tariff Threats, Rules Out Use of Force
U.S. President Donald Trump abruptly stepped back on Wednesday from threats to impose tariffs as leverage to seize Greenland, ruled out the use of force and suggested a deal was in sight to end a dispute over the Danish territory …
POSTED JANUARY 22, 2026 6:56 AM |
AI Company Eightfold Sued for Helping Companies Secretly Score Job Seekers
Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued for allegedly compiling reports used to screen job applicants without their knowledge. The lawsuit filed in California on …
POSTED JANUARY 22, 2026 6:34 AM |
People Moves: Crawford & Company Launches New Structure, Names Hoberman CEO of US Operations; Converge Appoints Altman CTO
Crawford & Company Announces New Operating Divisions, Appoints Hoberman CEO of US Operations Crawford & Company, headquartered in Atlanta, has announced a new global operating structure. Effective Jan. 1, Crawford operates under two divisions – U.S. Operations and International Operations. …
POSTED JANUARY 22, 2026 6:26 AM |
Pace of Insurance M&A Lagged in 2025 With No ‘Mad Dash’: OPTIS
Insurance agency mergers & acquisitions were down 12% in 2025, compared with 2024. According to investment banking and financial consulting firm OPTIS Partners, there were 695 insurance agency deals in 2025. There were 787 deals in 2024. Despite an uptick …
POSTED JANUARY 22, 2026 6:09 AM |
Falls Were Most Common Safety Violation in Washington for 20th Straight Year
Falls from heights were the most cited serious workplace safety violation by the Washington State Department of Labor & Industries for the 20th straight year. In the past four months, L&I issued $1.4 million in fines to five construction companies …
POSTED JANUARY 22, 2026 6:00 AM |
What A Community Foundation Learned Spending $100M After The LA Fires
When fires broke out across Los Angeles on Jan. 7, 2025, Miguel Santana grasped the magnitude of the catastrophe befalling his hometown sooner than most — he flew over the blazes, twice. Climbing above the LA basin on his way …
POSTED JANUARY 22, 2026 6:00 AM |
Texas Braces for Arctic Mix of Snow, Sleet, and Freezing Rain
Texans are bracing for a harsh winter storm that’s expected to plunge the entire state into subfreezing temperatures starting Friday, bringing an arctic mix of snow, sleet and freezing rain. Frigid air is blowing in from northern Canada, and according …
POSTED JANUARY 22, 2026 6:00 AM |
New Jersey Extends Licensing, Insurance Mandate to All E-Bikes
In one of his final acts in office, New Jersey Governor Phil Murphy signed legislation into law to expand regulation of motorized bicycles to include all classes of electric bikes. The measure (S4834/A6235) updates the classification, regulation, licensing, insurance and …
POSTED JANUARY 22, 2026 6:00 AM |
Gryphon Holdings Acquiring PrimeOne Insurance Company
Gryphon Holdings has entered into an agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. PrimeOne will operate as a core underwriting platform under the Gryphon umbrella. With PrimeOne, Gryphon’s integrated platform will include: MGA incubation …
POSTED JANUARY 22, 2026 6:00 AM |
Appeals Court Allows for Separate Loss-of-Consortium Damages
A Missouri spouse can collect loss-of-consortium damages separate from her husband’s underinsured-motorist benefits, a federal appeals court ruled. The 8th U.S. Circuit Court of Appeals concluded that an Auto-Owners Mutual Insurance Company auto policy was poorly drafted. Therefore, its ambiguity …
POSTED JANUARY 21, 2026 5:45 PM |
People Moves: Howden Launches US Cyber Practice
Howden today announced the launch of a U.S. cyber practice, with Juliet White hired as head of cyber and Lou Botticelli as cyber brokerage leader. Since May 2022, White has been head of cyber at E&O at Vantage Risk Cos. …
POSTED JANUARY 21, 2026 5:44 PM |
Outlook on Reinsurance Has Changed; Pre-2023 Property Pricing Is Back: AM Best
AM Best’s outlook for the global reinsurance segment is no longer positive, the rating agency announced Monday, citing the uptick in property reinsurance price drops and concerns about casualty reinsurance loss trends. The outlook is now stable, AM Best said …
POSTED JANUARY 21, 2026 5:38 PM |
Risk Advisory Zurich Resilience Solutions Starts Data Center Practice
Zurich Resilience Solutions (ZRS), a risk advisory and engineering service and part of Zurich Insurance, announced the formation of a specialized Data Center Risk Advisory practice, which brings together more than 100 expert risk engineers with experience supporting complex data …
POSTED JANUARY 21, 2026 4:51 PM |
Kalshi Cannot Operate Sports-Prediction Market in Massachusetts, Judge Rules
A Massachusetts judge on Tuesday ruled prediction-markets operator Kalshi cannot let state residents bet on sports through its online platform, after the state’s attorney general accused it of running afoul of gaming regulators. Suffolk County Superior Court Judge Christopher Barry-Smith …
POSTED JANUARY 21, 2026 4:34 PM |
Snowstorm Sparks 100-Vehicle Pileup in Michigan
More than 100 vehicles smashed into each other or slid off an interstate in Michigan on Monday as snow fueled by the Great Lakes blanketed the state. The massive pileup prompted the Michigan State Police to close both directions of …
POSTED JANUARY 21, 2026 3:54 PM |
Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon
Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015, said …
POSTED JANUARY 21, 2026 3:31 PM |
Consumer Group Got $1.4M Intervening in California Rate Filings, CDI Says
California Department of Insurance data show one consumer advocacy group earned $1.4 million in fees last year from a program that pays people and advocates to intervene in rate hearings. Consumer Watchdog received $1,427,280.80 in fees from the state’s inventor …
POSTED JANUARY 21, 2026 3:28 PM |
Travelers Q4 Net Income Up 20% on Underwriting, Lower Catastrophe Losses
Fourth quarter 2025 net income at The Travelers Cos. increased about 20% compared with the same period a year ago, to about $2.5 billion. Underwriting, lower catastrophe losses, and more favorable prior year reserve development bolstered financial results for the …
POSTED JANUARY 21, 2026 3:27 PM |
Wells Fargo to Move Wealth Headquarters to West Palm Beach
Wells Fargo & Co. is moving the headquarters for its wealth-management business to West Palm Beach, becoming the first big bank to run that operation from the heart of the wealth boom in South Florida. The San Francisco-based firm signed …
POSTED JANUARY 21, 2026 3:18 PM |
New Regulations for Texas Hemp Industry Approved
New regulations for the consumable hemp industry were approved by the Texas Alcoholic Beverage Commission on Tuesday, concluding the agency’s involvement in a yearlong effort to more tightly regulate the products in the state. The rules change little for the …
POSTED JANUARY 21, 2026 3:01 PM |
Texas Faces Freeze While Weekend Snow Risks Rise in New York
A massive winter storm will sweep across a huge swath of the US starting Friday, freezing Texas before roaring up the East Coast, where New York City and Boston are seeing a strong chance of heavy snow by Sunday. Air …
POSTED JANUARY 21, 2026 2:56 PM |
Trucordia Continues Expansion With Acquisition of Florida Insurance Inc.
Trucordia, ranking in the top 20 largest U.S. insurance brokerages, has again expanded its reach, this time with the acquisition of Florida Insurance Inc. in Dunedin, near Tampa. Trucordia, based in Lindon, Utah, offers commercial and personal lines and employee …
POSTED JANUARY 21, 2026 2:24 PM |
Insurtech Lemonade Starts Autonomous Car Product With Tesla’s Data
Insurtech Lemonade said it has launched Lemonade Autonomous Car insurance, and will begin with a technical collaboration with Tesla that gives the insurer access to vehicle data. For starters, Lemonade said the new offering cuts per-mile rates for Tesla’s full …
POSTED JANUARY 21, 2026 1:58 PM |