Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens
The devastation from Hurricane Melissa came into focus after the record-setting storm moved past Jamaica, Haiti and Cuba with at least 33 deaths and almost $8 billion of damage in its wake. Across the Caribbean, the storm’s powerful winds have …
POSTED OCTOBER 30, 2025 8:57 AM |
EverPeak Launches Workers’ Comp in Arkansas
EverPeak Insurance announced the launch of its workers’ compensation solution in Arkansas. “Arkansas is powered by its small business community, and we recognize the critical need for accessible, reliable, and high-quality workers’ compensation coverage right here in the state,” said …
POSTED OCTOBER 30, 2025 5:33 AM |
Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
Independent adjusters’ claims that some Florida insurance companies had tampered with their damage estimates continue to trickle through courthouses and state agencies, with final resolutions far from certain or still months or years in the future. The latest developments include: …
POSTED OCTOBER 30, 2025 5:01 AM |
Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
Predictions marketplace Kalshi Inc. sued New York’s gaming commission, saying the state agency is overstepping its authority by attempting to regulate sports-betting operations that fall exclusively under federal jurisdiction. In a lawsuit filed Monday in Manhattan US District Court, Kalshi …
POSTED OCTOBER 30, 2025 5:00 AM |
People Moves: Aspire Promotes Alam to Chief Financial Officer
Aspire General Insurance Services promoted Bilal Alam to chief financial officer. Alam has been with Aspire since January 2023, joining the firm as chief information officer and most recently serving as chief risk officer, where he oversaw the risk, actuarial, …
POSTED OCTOBER 30, 2025 5:00 AM |
Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student
A former assistant principal at a Virginia elementary school ignored multiple warnings that a 6-year-old student had a gun in the hours before he shot his teacher, an attorney for the teacher said Tuesday as trial opened in the woman’s …
POSTED OCTOBER 30, 2025 5:00 AM |
SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …
POSTED OCTOBER 29, 2025 8:18 PM |
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
Starr, a global investment and insurance organization, announced it has entered a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines data and analytics with underwriting expertise. Financial terms of the transaction were not been …
POSTED OCTOBER 29, 2025 6:33 PM |
South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
A new class-action lawsuit, if successful, could require the California owner of former military munitions bunkers near Edgemont to pay more than $17 million to people who rent the so-called igloos for use as homes or shelters to protect them …
POSTED OCTOBER 29, 2025 4:53 PM |
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
A Florida appeals court today struck down the $200 million verdict against John’s Hopkins All Children’s Hospital in the Maya Kowalski negligence lawsuit, a case that had gained worldwide attention and was the subject of a Netflix documentary. “The trial …
POSTED OCTOBER 29, 2025 4:44 PM |
Fermi Orders Four Big Nuclear Reactors in Texas
Fermi Inc. has signed deals to begin production of four big nuclear-power reactors that would be used for a private data center grid campus in the Texas Panhandle. Shares rose as much as 9% after the announcement and a slew …
POSTED OCTOBER 29, 2025 4:38 PM |
Lawsuit Leads to Surrender of Texas Physician’s License over Gender-Affirming Care
A Dallas pediatrician has surrendered her medical license, a year after becoming the first target of a law that banned providing gender-transitioning hormones to minors. Last October, Texas Attorney General Ken Paxton filed a lawsuit against adolescent medicine physician May …
POSTED OCTOBER 29, 2025 4:29 PM |
People Moves: Alliant Names Lapinski to Employee Benefits Group
Alliant announced the hiring of John Lapinski as Senior Vice President in its employee benefits group. Based in Michigan, Lapinski will serve a diverse client base throughout the Midwest with a focus on plan design, compliance, cost management, and employee …
POSTED OCTOBER 29, 2025 4:23 PM |
Florida Jury Awards $20 Million in J&J Talcum Powder Mesothelioma Lawsuit
A jury in Fort Lauderdale on Tuesday awarded $20 million to the family of a physician who died in 2022, finding that his mesothelioma was caused by his longtime use of Johnson & Johnson talcum powder. Internal company documents and …
POSTED OCTOBER 29, 2025 3:46 PM |
Verisk Misses Quarterly Revenue Estimates, Trims 2025 Revenue Forecast
Verisk Analytics cut its annual revenue forecast on Wednesday and reported third-quarter revenue below Wall Street estimates, as mild weather conditions weighed on demand for the data analytics firm’s property claims estimating tool. The company’s shares fell as much as …
POSTED OCTOBER 29, 2025 2:58 PM |
Aviva Ventures Backs Indico Data’s Insurance Operations AI
Boston-based Indico Data, which offers AI-based automation for insurance operations, has received an investment from Aviva Ventures, the corporate venture capital fund for Aviva, one of the UK’s largest insurers. The amount of the investment was not disclosed. As part …
POSTED OCTOBER 29, 2025 2:58 PM |
Rebuilding Begins After Drenching Rains Flood Parts of Central, South Florida
Intense rains that stalled over Central Florida unleashed nearly 20 inches (508 millimeters) of rain in 24 hours, triggering dangerous flash floods that stranded cars and inundated roadways, leaving some closed to traffic into Monday. Forecasters said the colossal amount …
POSTED OCTOBER 29, 2025 2:27 PM |
Vietnam Logs Five Feet of Rain in One Day, Nearing World Record
Widespread flooding across central Vietnam killed at least nine people and damaged more than 100,000 homes in the tourist hubs of Hue and Da Nang, as the Southeast Asian nation endures another bout of extreme weather. Rainfall in the city …
POSTED OCTOBER 29, 2025 2:23 PM |
Administration Backs Off Bid for Atlantic Oil Drilling, But Gulf Still on Table
The Trump administration is ruling out selling offshore oil and gas leases along the US East Coast, after its initial plan for auctioning them drew alarm from Republican strongholds in the Southeast. The shift in thinking comes after the White …
POSTED OCTOBER 29, 2025 2:02 PM |
US Appeals Court Revives $2.5 Billion Opioid Lawsuit in West Virginia
A U.S. appeals court on Tuesday revived a $2.5 billion lawsuit against drug distributors accused of contributing to an opioid addiction crisis in West Virginia communities, overturning a 2022 victory at trial by the largest drug suppliers in the U.S. …
POSTED OCTOBER 29, 2025 1:47 PM |
Court Dismisses Securities Fraud Charges Against Fashion Designer Cole’s Brother
The brother of designer Kenneth Cole says he was vindicated on Monday by a federal appeals court’s decision to overturn his criminal fraud conviction. Neil Cole said he’s been fighting over a decade to clear his name after federal authorities …
POSTED OCTOBER 29, 2025 1:44 PM |
Uber Taking on Waymo in San Francisco With Lucid, Nuro Robotaxis
Uber Technologies Inc. is preparing to offer driverless rides on vehicles developed by Lucid Group Inc. and Nuro Inc. in the San Francisco Bay Area for the first time next year, thrusting the company into direct competition with Waymo’s robotaxi …
POSTED OCTOBER 29, 2025 1:37 PM |
Arthur J. Gallagher & Co. Acquires Safe T Professionals in Arizona
Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business. Anna Martinez, Joshua Martinez and their team will remain in their current location under the direction of Jim Bond, …
POSTED OCTOBER 29, 2025 1:17 PM |
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports
Hurricane Melissa made landfall in Jamaica as a powerful category 5 storm – a record for the Caribbean island nation — which brought storm surge, torrential rain, strong winds and massive damages. Making landfall near New Hope, Jamaica, at 1 …
POSTED OCTOBER 29, 2025 12:36 PM |
Hurricane Melissa Makes Cuba Landfall After Lashing Jamaica
Hurricane Melissa made landfall in Cuba less than a day after it became the strongest recorded storm to strike Jamaica, where it left hundreds of thousands without power and forced hospitals to evacuate. Melissa crossed the coast in eastern Cuba …
POSTED OCTOBER 29, 2025 10:25 AM |