Record Drought Sparks Worries About Fires, Water Supply and Food Prices
Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the …
POSTED APRIL 22, 2026 5:13 AM |
Claim Severity Trends for Medical Malpractice ‘Stand Out’: S&P GMI
Casualty claims are becoming more expensive at a faster rate, but medical professional liability stands out as one casualty line where compounding factors are turning severity deterioration into a heightened risk. According to an S&P Global Market Intelligence report, written …
POSTED APRIL 22, 2026 5:02 AM |
MS High Court Weighs in on Woman Taken for Organ Donation But Was Still Alive
It’s been called one of the most unusual medical malpractice cases and one that has raised questions for organ donors, organ recovery centers and their insurance carriers. Paula Denison, age 57, was taken to the emergency room at Anderson Regional …
POSTED APRIL 22, 2026 5:01 AM |
New York Claims Coinbase and Gemini Titan Prediction Markets Are Illegal Gambling
New York’s attorney general sued Coinbase Financial Markets COIN.O and Gemini Titan GEMI.O on Tuesday, claiming their prediction markets violate state laws against illegal gambling. In petitions filed in state court in Manhattan, Attorney General Letitia James said Coinbase and …
POSTED APRIL 22, 2026 5:00 AM |
Tesla’s California Sales Slide Deepens as Hybrids Displace EVs
Tesla Inc. saw a steep drop in vehicle registrations in California as consumers in the Golden State increasingly embrace hybrid vehicles. Tesla’s first-quarter registrations declined 24% in the state compared with the prior-year period, according to a report released Tuesday …
POSTED APRIL 22, 2026 5:00 AM |
People Moves: SterlingRisk Promotes Waterman to Deputy CEO, Beres to COO
SterlingRisk, headquartered in Woodbury, New York, promoted Marci Waterman, Esq., to deputy chief executive officer, and appointed John S. Beres as chief operating officer (COO). Waterman joined SterlingRisk in 2013 and served as COO for nearly a decade. In addition …
POSTED APRIL 22, 2026 5:00 AM |
Federal Judge Blocks Trump Actions Stymieing Wind, Solar Projects
A federal judge on Tuesday blocked President Donald Trump’s administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects. Chief U.S. District Judge Denise Casper …
POSTED APRIL 22, 2026 5:00 AM |
New York Lawmakers Revive Bill to Curb Distressed Sovereign Debt Lawsuits
New York state lawmakers have reintroduced legislation that would curb some investors’ ability to buy distressed sovereign debt and sue for full repayment, a move that would reshape the legal landscape for sovereign international bonds. The proposal would amend the …
POSTED APRIL 22, 2026 5:00 AM |
LA Wildfire Survivors Could Face Another Blow From Taxes on Settlement Payouts
Thousands of survivors of the 2025 Eaton Fire in Altadena, California, have elected to accept an upfront settlement from the utility accused of causing it, forgoing future litigation for a faster payment that could help them rebuild or relocate. Related: …
POSTED APRIL 22, 2026 5:00 AM |
UK Says Iran, China Drive Regular Significant Cyberattacks
Hackers linked to foreign governments are now behind the majority of “nationally significant” cyberattacks targeting the UK, the country’s top cybersecurity official is set to warn. Richard Horne, chief executive officer of the National Cyber Security Centre, or NCSC, is …
POSTED APRIL 22, 2026 4:54 AM |
Microsoft Must Face $2.8 Billion UK Lawsuit Over Cloud Computing Licenses
Microsoft must face a mass lawsuit alleging it overcharged thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, a London tribunal ruled on Tuesday. Competition lawyer Maria Luisa Stasi is …
POSTED APRIL 22, 2026 4:29 AM |
Chubb Q1 Net Income Increases 74% on Fewer Catastrophe Losses
First quarter 2026 net income at insurer Chubb was up more than 74% compared to the same period in 2025, with property/casualty underwriting income up 306%. Net income for the first three months finished at $2.3 billion. Underwriting income was …
POSTED APRIL 22, 2026 4:07 AM |
Amish Mother and 6 Children Killed in Explosion and Fire at Pennsylvania Home
An Amish woman and her six children ranging in age from 3 to 11 were killed in a swift-moving house fire after an explosion that shook nearby houses in rural northcentral Pennsylvania, authorities said. Firefighters responding to a report of …
POSTED APRIL 21, 2026 6:59 PM |
Newell Succeeds Founder Eknoian as World Insurance CEO
Brokerage World Insurance Associates announced John Newell will become chief executive officer, succeeding founder and long-time CEO Rich Eknoian. Most recently, Newell was chief commercial officer at Newfront, a technology-enabled specialty brokerage platform. There, he led business units across insurance, …
POSTED APRIL 21, 2026 6:35 PM |
Alabama Governor Signs New Captive Law That Could Help End DOI Moratorium
Alabama has a new law governing captive insurance companies, and supporters hope it will mean that state regulators will soon lift a moratorium on new captives in the state. “The law takes effect in June, so we’re hoping that maybe …
POSTED APRIL 21, 2026 4:47 PM |
Texas Speaker Seeks to Investigate Roblox Over Game Simulating Uvalde Shooting
Texas House Speaker Dustin Burrows on Monday targeted Roblox for alleged child endangerment, after learning the platform offered a simulation of the 2022 Uvalde mass shooting. Burrows instructed lawmakers to study ways to strengthen child safety and accountability for virtual …
POSTED APRIL 21, 2026 4:28 PM |
Gem State Insurance to Merge With Ohio Mutual
Ohio Mutual Insurance Group last week announced that it has reached an agreement to merge Gooding, Idaho-based Gem State Insurance as a subsidiary under Ohio Mutual Insurance Group’s mutual holding company structure, following unanimous votes by both organizations’ boards of …
POSTED APRIL 21, 2026 4:16 PM |
Family Sues Kansas Jail Over Inmate’s Death
Relatives of a jail inmate whom investigators determined died after a Kansas sheriff’s deputy shoved his knee into the cuffed man’s back for one minute and 26 seconds have filed a federal lawsuit. Attorneys for the family of Charles Adair …
POSTED APRIL 21, 2026 4:08 PM |
People Moves: IMA Names Caceres as SVP, National Energy Property Leader
IMA announced the appointment of Al Caceres as Senior Vice President, National Energy Property Leader, joining the firm’s Energy Practice to lead strategy and execution of the company’s energy property insurance business nationwide. With more than 20 years of underwriting …
POSTED APRIL 21, 2026 4:02 PM |
Markets/Coverages: Cowbell Launches Cyber Product for AI, Quantum Risks
Specialty cyber insurance provider Cowbell said it has launched Prime One, a non-admitted cyber insurance product designed for U.S. organizations with advanced digital risk profiles and annual revenues between $250 million and $1 billion. Prime One delivers up to $10 …
POSTED APRIL 21, 2026 3:26 PM |
MS Amlin Launches Lloyd’s Sub-Syndicate, Supporting Brokers With New Capacity
MS Amlin, the Lloyd’s global specialist re/insurer, has launched a new sub-syndicate to target innovative growth opportunities and provide greater flexibility and capacity for brokers. Named s1673, the sub-syndicate will support the growth of business written through MS Amlin’s recently …
POSTED APRIL 21, 2026 3:07 PM |
NIPR Warns Agents of Email Phishing Attempts
Beware, agents. That email from the National Insurance Producers Registry may not be legit. NIPR said it has learned of an active phishing email campaign referencing past-due invoices. The emails may look like they are from trusted sources such as …
POSTED APRIL 21, 2026 2:51 PM |
Seibert Agency in Tampa Acquired by Keyes Coverage
Keyes Coverage, part of Keystone Agency Partners, has acquired Seibert Insurance Agency in Tampa, expanding its western Florida presence with one of the better-known agencies in the area. “Joining Keyes Coverage is the right next step for our agency, our …
POSTED APRIL 21, 2026 1:55 PM |
Uber Loses Another Driver Sex Assault Trial; Jury Award Much Less
A federal jury on Monday said Uber should pay $5,000 to a woman who claimed she was sexually assaulted by a driver she booked through the app, as the company faces thousands of similar claims. The Raleigh, North Carolina jury …
POSTED APRIL 21, 2026 1:33 PM |
DC Water Facing Federal, State Lawsuits Over Potomac Sewage Spill
The state of Maryland and the federal government have filed separate civil lawsuits over the rupture of the sanitary pipeline known as the Potomac Interceptor that spilled more than 200 million gallons of untreated sewage into the Potomac River in …
POSTED APRIL 21, 2026 12:22 PM |