Illinois Passes Legislation to Give Insurance Department Oversight of Rate Changes
Illinois lawmakers this week passed a pair of bills that gives the insurance department the authority to review homeowners and auto rate filings to determine whether they are excessive. The insurance industry has heavily opposed the legislative measures, warning that …
POSTED MAY 29, 2026 4:45 PM |
Kentucky Food-Color Plant Was ‘Catastrophe Waiting to Happen,’ CSB Says
A Kentucky food-coloring manufacturer made a number of missteps and was not equipped to prevent the 2024 runaway chemical reaction that killed two workers and caused millions of dollars in damage to the plant and surrounding neighborhoods. That was the …
POSTED MAY 29, 2026 3:39 PM |
Corpus Christi Focuses on Delaying Looming Water Crisis
Five straight years of record heat, sporadic rainfall and divided leadership has Corpus Christi in danger of becoming the first U.S. city to run short of water. Only rain — lots of it — can keep the coastal city from …
POSTED MAY 29, 2026 3:30 PM |
Reinsurers Bring Strong Risk Appetite to Florida’s June Renewals: Guy Carpenter
Legal reforms, improved building resilience, and disciplined underwriting have combined to restore confidence in the Florida re/insurance market – leading to increased capacity as well as improved terms and pricing during the June reinsurance renewals, according to Guy Carpenter. Since …
POSTED MAY 29, 2026 3:17 PM |
Americans Doubt Countries Will Do Enough to Tame Climate Change
Climate change is in the background this US election year as high prices, conflict in the Middle East, AI and other issues take center stage. But that doesn’t mean the public has forgotten about it. More than half of Americans …
POSTED MAY 29, 2026 3:15 PM |
Ships Attacked in Strait of Hormuz This Week, Chevron CEO Says
Several vessels transiting through the Strait of Hormuz have been attacked in recent days, underscoring the “very real” risks that remain for shipowners in the Persian Gulf whether or not a peace accord is signed, Chevron Corp. Chief Executive Officer …
POSTED MAY 29, 2026 1:52 PM |
Number of Deaths Rises in Washington Paper Mill Explosion
At least eight people are confirmed dead, and authorities believe there are three more bodies they have yet to reach at the site of the paper mill explosion in Longview, Washington. Two people had previously been pronounced dead, bringing the …
POSTED MAY 29, 2026 1:48 PM |
Viewpoint: Somali Piracy Is Back – Fueled by Political Turmoil, Aid Cuts and Iran War
On the evening of April 26, the Egyptian merchant vessel Sward was hijacked by armed men a few miles off the Somali coast. It was steered towards an anchorage near the port of Garacad in Puntland, a semi-autonomous state in …
POSTED MAY 29, 2026 1:31 PM |
Extreme Heat Could Cost Germany up to $131 Billion by 2030, Analysis Shows
Extreme heat could cost Germany up to $131 billion by 2030 and shave up to 3% off economic output if recent heat wave patterns persist, an analysis from Allianz Trade showed on Thursday. Germany faces losses of up to $131 …
POSTED MAY 29, 2026 12:47 PM |
People Moves: Davis & Towle Names Kneeland, Promotes Cole in Commercial Lines
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, appointed John Kneeland as commercial lines manager and promoted Sherri Cole to assistant commercial lines manager. Both positions are effective June 1. Kneeland brings extensive insurance industry experience to Davis …
POSTED MAY 29, 2026 12:35 PM |
Insurance Australia Settles in Greensill Federal Court Case
Insurance Australia Group Ltd. said it has agreed to a settlement of proceedings brought by Greensill Bank AG and its insolvency administrators. IAG said the settlement won’t have a material impact on its financial position, according to a statement on …
POSTED MAY 29, 2026 12:17 PM |
Massachusetts Man Hid Payroll to Skirt Taxes, Lower Workers’ Compensation Costs
A Massachusetts man pleaded guilty in federal court in Boston this week to payroll tax avoidance and workers’ compensation insurance fraud, prosecutors reported. According to the U.S. attorney’soffice, Henry Lam, of Lowell, used cash payments to employees to hide his …
POSTED MAY 29, 2026 12:09 PM |
Google Engineer Charged With Insider Trading on Polymarket
A Google software engineer was charged with insider trading on Polymarket, where he allegedly made more than $1 million betting on one of last year’s most popular Internet searches. Michele Spagnuolo was charged in a complaint unsealed Wednesday in federal …
POSTED MAY 29, 2026 11:38 AM |
Trump Files Fresh $10 Billion Suit Over WSJ’s Epstein Story
President Donald Trump filed a new version of his $10 billion libel lawsuit against the Wall Street Journal and its parent company News Corp. over an article about his alleged close ties to Jeffrey Epstein, after an earlier version of …
POSTED MAY 29, 2026 11:18 AM |
Pollution and Forever Chemicals Threaten Health of Michigan’s Rivers
Michigan may be known as the Great Lakes state, but most of its residents have a river to thank for their hometown’s existence. “Just looking at settlement patterns in Michigan tells us a lot about how important our rivers are,” …
POSTED MAY 29, 2026 6:48 AM |
Ohio to Halt Data Center Tax Credits as Opposition Grows
Ohio will pause incentives for future data center projects, following a directive from the governor to halt the tax credits while a committee studies the impact of the projects on the state’s economy. The pause is not a complete ban …
POSTED MAY 29, 2026 6:40 AM |
Tesla Reveals Its Texas Robotaxi Fleet Is Dwarfed by Waymo’s
Tesla Inc. has just 42 vehicles operating as robotaxis in Texas almost a year after Elon Musk launched the service, a small fraction of the fleet commanded by rival Waymo. The official count was revealed for the first time in …
POSTED MAY 29, 2026 6:36 AM |
People Moves: The Hartford Names Ilias Head of US Ocean Marine
The Hartford has named Allan Ilias as head of Ocean Marine, U.S., and global practice leader, effective June 1. Ilias replaces Tony Plutino, who is retiring. He will report to Rick Ciullo, The Hartford’s head of Global Specialty U.S. Retail. …
POSTED MAY 29, 2026 6:09 AM |
Cyberattacks, Inflation Lead List of Top Risks for Business Leaders: The Hartford
Cyberattacks and inflation are tops among concerns for business leaders, according to a recent survey from The Hartford. The insurer’s 2026 Risk Monitor report is based on a survey of 500 U.S. midsize and large business. Results put both cyber …
POSTED MAY 29, 2026 5:18 AM |
Anthropic Plans Wide Release of Mythos-Level AI Models in Weeks
Anthropic plans to widely release new artificial intelligence models in the coming weeks with cybersecurity capabilities comparable to Mythos, a technology the company previously said was too dangerous to make available to the general public. The company said Thursday that …
POSTED MAY 29, 2026 5:11 AM |
Temu Fined €200 Million by EU Over Dangerous Toys, Chargers
Temu, the Chinese e-commerce giant, was fined €200 million ($232 million) by the European Union for failing to stop sales of unsafe baby toys and chargers on the platform. The European Commission, which polices EU rules targeting tech firms, said …
POSTED MAY 29, 2026 5:10 AM |
NHTSA Opens Probe Into Nearly 115,000 Rivian Vehicles
The U.S. National Highway Traffic Safety Administration said on Thursday it has opened a preliminary probe into 114,922 Rivian vehicles over an issue with the rear toe link. The issue relates to the company’s R1S and R1T electric vehicles. The …
POSTED MAY 29, 2026 5:07 AM |
Florida’s Property Tax Plan Risks Charging Fees for ‘Everything’
Palm Beach can count on its billionaires to keep picking up the tab for schools, firefighters and parks if Florida slashes property taxes. Many other local governments will have a tougher time making up the difference. After more than a …
POSTED MAY 29, 2026 5:02 AM |
Florida Comp Costs Are on the Rise. End to Physician Dispensing May Help
Florida, like most states, has seen more than a decade of annual decreases in workers’ compensation average rates. But costs may no longer be falling, thanks in part to higher wages and escalating medical payments, a new study from the …
POSTED MAY 29, 2026 5:01 AM |
California Drivers Arraigned for Insurance Fraud in Staged Crash Scheme
Four Southern California drivers were arraigned in an alleged staged collision scheme tied to coordinated insurance fraud. The collisions reportedly endangered an innocent driver. The defendants are: Jhoiner Rodriguez Celis, 31, of Anaheim; Melissa Cervantes De La Torre, 30, of …
POSTED MAY 29, 2026 5:00 AM |