People Moves: TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions; MGA Augmented Names Overall From Atrium as Head of Underwriting
This edition of International People Moves details appointments at the specialty insurer Tokio Marine Kiln and the MGA Augmented UW. A summary of these new hires follows here. TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions Tokio Marine …
POSTED NOVEMBER 18, 2025 5:44 PM |
Motive, GEICO Partner to Improve Safety and Lower Premiums for Commercial Fleets
GEICO and fleet management company Motive have partnered to improve drive safety and drive down insurance prices for commercial fleets. Motive’s artificial intelligence-powered operations platform integrates fleet management, spend management, equipment and temperature monitoring, compliance, and workforce management in one …
POSTED NOVEMBER 18, 2025 5:12 PM |
Registration Deadline for Louisiana Fortify Homes Program Grants Extended
The registration deadline for the current round of Louisiana Fortify Homes Program (LFHP) grants has been extended to 5 p.m. on Thursday, Nov. 20, due to the national Cloudflare outage on Tuesday, the Louisiana Department of Insurance said. Homeowners who …
POSTED NOVEMBER 18, 2025 4:51 PM |
Kansas Man Sentenced for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced a Johnson county man has been sentenced to 12 months of probation for insurance fraud. Macario Butler, age 28, pleaded guilty on November 7, 2025 in Johnson County District Court to one misdemeanor count …
POSTED NOVEMBER 18, 2025 4:40 PM |
Fatigue Crack Caused a Keystone Pipeline Oil Spill in North Dakota, Operator Says
A fatigue crack in the Keystone Pipeline led to an oil spill in North Dakota earlier this year that released thousands of barrels of oil onto farmland, according to the pipeline operator. In a quarterly report released Thursday, South Bow …
POSTED NOVEMBER 18, 2025 4:32 PM |
Firefighters Battle Blaze at Texas Decommissioned Power Plant
Firefighters in southeastern Texas were battling a blaze at a decommissioned power plant that sent large plumes of smoke into the air on Sunday and local officials warned area residents to avoid the smoke. The fire broke out at the …
POSTED NOVEMBER 18, 2025 4:15 PM |
APCIA: House Judiciary Committee Must Pass Litigation Funding Disclosure Reforms
The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills schedule for markup today by the House Judiciary Committee. Committee member Rep. Darell Issa, R-Calif., in February introduced the Litigation Transparency Act of 2025 (HR 1109) …
POSTED NOVEMBER 18, 2025 4:00 PM |
Trump Administration Considers Moving FEMA to Texas, Report Says
The Trump administration is weighing whether to relocate the Federal Emergency Management Agency to Texas and tap the state’s top emergency official to lead it, Politico reported Monday, citing two former senior FEMA officials. In February, Trump interviewed Nim Kidd, …
POSTED NOVEMBER 18, 2025 3:56 PM |
Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
A worldwide outage at the network of cybersecurity firm Cloudflare Inc. has been resolved after several hours of disruption on Tuesday. The outage had taken down the websites for everything from the chief US energy regulator, ChatGPT, the New Jersey …
POSTED NOVEMBER 18, 2025 3:42 PM |
CVS Settles for $18.2M Over California False Claims Act Violations
CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between …
POSTED NOVEMBER 18, 2025 2:42 PM |
Estimate to Rebuild Baltimore’s Key Bridge Doubles to $5 Billion
The price tag for rebuilding Baltimore’s Francis Scott Key Bridge is now more than double what officials estimated in 2024 right after the bridge was struck by a container shop and collapsed. The Maryland Transportation Authority (MDTA) yesterday updated the …
POSTED NOVEMBER 18, 2025 1:34 PM |
Property Cat Reinsurance MGA, Bobcat Re, Launched in US by Former K2 CAT Execs
A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. Jackson from Safepoint. Headquartered in Tampa and with an …
POSTED NOVEMBER 18, 2025 1:29 PM |
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC
Alphabet Chief Executive Sundar Pichai said no company would be unscathed if the artificial intelligence boom collapses, as soaring valuations and heavy investment in the sector fuel concerns of a bubble. Pichai said in an interview with the BBC published …
POSTED NOVEMBER 18, 2025 9:33 AM |
World Is Off Course on Pledge to Slash Heat-Trapping Methane
The world remains far behind global commitments to slash methane, according to a United Nations assessment that underscores the need for rapid, aggressive work to stifle emissions of the super pollutant. Fulfilling a pledge by roughly 160 nations to cut …
POSTED NOVEMBER 18, 2025 8:36 AM |
AI-Induced Psychosis: The Danger of Humans and Machines Hallucinating Together
On Christmas Day 2021, Jaswant Singh Chail scaled the walls of Windsor Castle with a loaded crossbow. When confronted by police, he stated: “I’m here to kill the queen.” In the preceding weeks, Chail had been confiding in Sarai, his …
POSTED NOVEMBER 18, 2025 8:03 AM |
Chubb Insurance Malaysia Files for Malaysia IPO
Chubb Insurance Malaysia Bhd has filed for an initial public offering on Bursa Malaysia to sell 300 million existing shares, or 30% of its issued capital, via an offer for sale by its sole shareholder, Chubb INA International Holdings, according …
POSTED NOVEMBER 18, 2025 7:19 AM |
Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal
Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H. Lane said he will sign off on Purdue’s …
POSTED NOVEMBER 18, 2025 6:47 AM |
Wall St Regulator to Consider Crypto Token Classification, Chair Says
The head of the U.S. Securities and Exchange Commission said the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities. “In the coming months, I anticipate that the Commission will …
POSTED NOVEMBER 18, 2025 6:19 AM |
Biggest NJ Health Insurer to Pay $100 Million in Whistleblower Suit
Horizon Blue Cross Blue Shield of New Jersey agreed to pay $100 million to resolve allegations that the health-insurance company had ripped off taxpayers by overpaying for care, in a pact made public on Friday. The settlement with New Jersey …
POSTED NOVEMBER 18, 2025 6:02 AM |
Kentucky Scrapyard Workers Describe UPS Plane Crash That Destroyed Their Business
Supervisor Adam Bowman was loading metal onto a truck at a scrapyard just south of the Louisville, Kentucky, airport when he heard what he first thought was a transformer explosion and quickly realized was more horrific. “I turned around and …
POSTED NOVEMBER 18, 2025 6:02 AM |
Florida Approves 6.9% Average Cut in Workers’ Comp Rates But Roofers Are Worried
Florida’s insurance commissioner has approved a 6.9% average decrease in workers’ compensation rates for the voluntary market for 2026, marking the ninth straight year of rate cuts in the state. The average rate reduction will be for new and renewal …
POSTED NOVEMBER 18, 2025 6:02 AM |
Walgreens to Pay $500,000 for Overcharging at Vermont Checkouts
Walgreens has agreed to pay $500,000 to settle claims of overcharging at its stores in Vermont — including in one instance where an item rang at the register $23 higher than its shelf price, the state Attorney General’s Office said …
POSTED NOVEMBER 18, 2025 6:01 AM |
NJ NAACP, Latino Groups Say Regulators Aid Discrimination in Auto Insurance Rates
The New Jersey NAACP and two Latino groups last week filed suit against the state Department of Banking and Insurance, charging that the agency encourages discrimination in auto insurance rates by allowing insurers to use drivers’ education and employment levels …
POSTED NOVEMBER 18, 2025 6:01 AM |
Brockovich Group Sues Over LA Fire Alert Failure in 18 Deaths
A communications contractor for Los Angeles County was blamed in a lawsuit for 18 deaths in a January wildfire over its alleged failure to evacuate residents in the path of the inferno. Genasys Inc. was accused of “digital redlining” for …
POSTED NOVEMBER 18, 2025 6:00 AM |
FEMA Chief Resigns After Six Months, Criticism Over Floods
The Trump administration’s top official at the Federal Emergency Management Agency, David Richardson, resigned on Monday after about six months on the job. Richardson had no emergency management experience when he took on the role. He came to FEMA from …
POSTED NOVEMBER 17, 2025 8:00 PM |