Elon Musk Must Face Class Action Over Late Disclosure of Twitter Stake, Judge Rules
A federal judge on Tuesday said former Twitter investors who accused Elon Musk of defrauding them by waiting too long to disclose his initial investment in the social media company may pursue their case as a class action. The decision …
POSTED APRIL 01, 2026 4:25 PM |
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments
A Florida public adjuster, already facing prosecution for similar alleged misappropriation in 2024, now stands accused of diverting more than $600,000 in insurance settlements for homeowners hit by Hurricane Ian. Francisco Javier Chaparro-Araus, 46, of All Elements Public Adjusters in …
POSTED APRIL 01, 2026 3:52 PM |
Man Who Crashed Into Michigan Synagogue Was Inspired Hezbollah: FBI
An armed man who crashed his pickup truck into a major Detroit-area synagogue earlier in March was inspired by the Iran-backed militant group Hezbollah and had sought to inflict as much damage as he could on Jewish people, the FBI …
POSTED APRIL 01, 2026 3:51 PM |
AM Best Downgrades Credit Ratings of Cities and Villages Mutual
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “a-” (Excellent) of Cities and Villages Mutual Insurance Company based in Wauwatosa, Wisconsin. …
POSTED APRIL 01, 2026 3:47 PM |
Giuliani Fails to Get $10 Million Sexual Harassment Suit in New York Dismissed
A New York judge has ruled that former New York Mayor Rudy Giuliani must face a $10 million lawsuit accusing him of sexual assault, sexual harassment, and wage theft. Judge Nicholas Moyne, of the state Supreme Court for New York …
POSTED APRIL 01, 2026 3:27 PM |
Student Shoots a Teacher at Texas High School Before Fatally Shooting Self
A 15-year-old student shot a teacher at a Texas high school and then fatally shot himself Monday, according to authorities, who were still investigating what led to the early morning attack. No other injuries were reported at Hill Country College …
POSTED APRIL 01, 2026 3:05 PM |
Texas AG Sues Container Company Over Chemical Fire
Texas Attorney General Ken Paxton filed a lawsuit against Permian Basin Containers, LLC (“PBC”) and related entities for violations of Texas environmental laws and regulations after the company caused a catastrophic chemical fire in Odessa that endangered public health. Paxton …
POSTED APRIL 01, 2026 3:01 PM |
Iranian Missile Hit Oil Tanker in Qatari Waters, Qatar Says
An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defense ministry said. Qatar was targeted by three cruise missiles coming from Iran. Two were intercepted while the third hit …
POSTED APRIL 01, 2026 2:00 PM |
Update: Trump Says Iran Ceasefire Only Possible When Hormuz Reopens
US President Donald Trump said he’ll only consider a halt to attacks on Iran when the Strait of Hormuz is reopened, sowing further confusion about how long he’s prepared to continue the war. Iran’s “New Regime President” has asked the …
POSTED APRIL 01, 2026 1:38 PM |
North Korean Hackers Suspected in Axios Software Tool Breach
Axios, a tool widely used to develop software applications, was compromised overnight, introducing a vulnerability in a key part of the internet’s plumbing. Hackers were able to breach one of the few accounts that can release new versions of Axios …
POSTED APRIL 01, 2026 1:23 PM |
Russia and Ukraine Set to Intensify War as World Focuses on Iran
Vladimir Putin made a big deal of Russia’s success in seizing control of Kupyansk in eastern Ukraine late last year, even as Volodymyr Zelenskiy immediately challenged the claim by making a video address from the town. Now Russian forces are …
POSTED APRIL 01, 2026 12:58 PM |
Acrisure Completes Buy of MGA Vave From Canopius
Fintech Acrisure said it has completed it deal to acquire managing general agent Vave from its parent company, Canopius. Vave will continue to operate under its brand name and be a part of New York-based Acrisure Underwriting, a platform of …
POSTED APRIL 01, 2026 12:47 PM |
Vermont Defends Its Climate Superfund Law Against Trump Administration Lawsuit
Vermont’s effort to make fossil fuel companies pay for damage caused by climate change was tested Monday in a federal courtroom, where the state argued that two lawsuits challenging its groundbreaking 2024 law should be thrown out. Vermont became the …
POSTED APRIL 01, 2026 12:36 PM |
Viewpoint: How Will the Middle East War Affect the Insurance Sector?
The recent escalation of the Middle East war introduces geopolitical instability with potential long-lasting effects on commodities, financing conditions, global supply chains, and macro-credit conditions depending on the duration and scale of the conflict. S&P Global Ratings’ base case for …
POSTED APRIL 01, 2026 10:19 AM |
Bank of England Says Iran War Has Boosted Threats to Financial Stability
The Bank of England said on Wednesday that the Iran war had dealt “a substantial negative supply shock” to the world economy, increasing the danger that pre-existing threats to financial stability materialize. The BoE said the prospect of weaker growth …
POSTED APRIL 01, 2026 9:59 AM |
War Risks Insurers Win Bid to Appeal UK Ruling on Jets Lost in Russia
Insurers including Chubb, Fidelis and Lloyd’s were granted permission on Tuesday to appeal against a London court ruling in favor of the world’s largest aircraft lessor AerCap over jets stuck in Russia since its war on Ukraine. London’s High Court …
POSTED APRIL 01, 2026 9:08 AM |
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier
A venture-backed technology firm says it has built what it describes as the first U.S. insurance carrier designed to operate without human decision-making in its core functions, replacing traditional underwriting, agent interaction and claims adjudication with a unified artificial intelligence …
POSTED APRIL 01, 2026 6:03 AM |
NAIC Issues Nationwide Data Call to Homeowners Insurers
The National Association of Insurance Commissioners has issued a nationwide data call to insurers in order to get a better understand of the U.S. homeowners insurance markets. The data, intended to be collected at the ZIP code level, will help …
POSTED APRIL 01, 2026 5:24 AM |
US IPO Prospects in Limbo as War Dents Optimism Ahead of SpaceX
The companies that typically make up the backbone of the US initial public offering market are eyeing the Iran war for signs volatility could boil over and wreck their plans. For banks, there’s a ray of hope — that SpaceX’s …
POSTED APRIL 01, 2026 5:14 AM |
Agency Customer Rep and Miami Businessman Killed in Separate Boat Accidents
Boating accidents in crowded Biscayne Bay near Miami have claimed the lives of two Floridians, including a Miami insurance agency customer representative and the CEO of a medical conference services firm. Multiple news sources reported that Davide Veglia, 55, of …
POSTED APRIL 01, 2026 5:01 AM |
Tallahassee Hospital Drops Eviction Suit After Patient Finally Moves Out
A Florida hospital has dropped its lawsuit seeking to evict a patient who refused to vacate a room for months after she was discharged because, the hospital said, she finally left. Tallahassee Memorial Hospital filed the lawsuit this month requesting …
POSTED APRIL 01, 2026 5:01 AM |
Viewpoint: California’s Surplus Lines HO Market Driven by Access, Not Wildfire Risk
It’s been more than two years since I wrote an analysis based on Surplus Line Association of California insight and data for an Insurance Journal article forecasting that the state’s homeowners insurance market was entering a structural transition driven primarily …
POSTED APRIL 01, 2026 5:00 AM |
Delaware Judge Accused of Bias Reassigns Musk Cases
The chief judge on Delaware’s corporate court said she will reassign three cases involving Elon Musk to avoid unnecessary media attention after the billionaire entrepreneur complained that her activity on social media had shown bias against him. Chancellor Kathaleen McCormick …
POSTED APRIL 01, 2026 5:00 AM |
California AG Bonta Says Sable Restart Won’t Lower Oil Prices
The restart of some 50,000 barrels a day of oil production off the coast of California will have have “no impact” on oil prices, the state’s Attorney General said in an interview on Bloomberg Televison. Houston-based oil driller Sable Offshore …
POSTED APRIL 01, 2026 5:00 AM |
FAA Imposes Restrictions on Some Landings at San Francisco Airport
The Federal Aviation Administration said on Tuesday that it was imposing new safety restrictions at San Francisco International Airport that will limit some landings and lead to significant delays. The FAA said the airport will experience delays due to a …
POSTED MARCH 31, 2026 5:30 PM |