Grange Insurance’s Carter Joins Board of Nonprofit Invest
InvestSM, an educational nonprofit administered by the Independent Insurance Agents & Brokers of America (Big I) announced that Nicole Carter, vice president of personal lines sales, strategic distribution and agent experience at Grange Insurance, has joined the Invest board of …
POSTED DECEMBER 11, 2025 3:27 PM |
Abbott Presses Congress for Legal Shield Over Preemie Baby Formula Lawsuits
The company that makes one of the two most widely used brands of formula for premature babies is threatening to stop. That is, unless US health officials and Congress help protect it from lawsuits related to infant deaths allegedly tied …
POSTED DECEMBER 11, 2025 3:06 PM |
Florida Jury Returns $779M Verdict for Family of Security Guard Killed at Gambling Cafe
A Gadsden County, Florida, jury awarded $779 million, believed to be a record for the county near Tallahassee, to the family of a security guard who was killed at what was called an illegal internet gambling café in 2023. Ben …
POSTED DECEMBER 11, 2025 2:56 PM |
Tricolor Trustee Files Suit in Texas for Auto Dealer’s Collapse
Bankrupt subprime auto dealer Tricolor Holdings is preparing to sue the company’s founder for allegedly masterminding a massive fraud that led to the company’s collapse into bankruptcy, according to a court filing. Daniel Chu is already facing probes by the …
POSTED DECEMBER 11, 2025 2:40 PM |
Louisiana Insurance Commissioner OKs SureChoice, Elevate Homeowners Rate Drops
Louisiana Insurance Commissioner Tim Temple approved SureChoice Underwriters Reciprocal Exchange and Elevate Reciprocal Exchange’s requests for a 7.5% average rate decrease on the carriers’ more than 73,000 homeowners policyholders and 17,000-plus dwelling policyholders. Related: Why Reciprocal Insurance Exchanges Are Back …
POSTED DECEMBER 11, 2025 2:29 PM |
Westfield Specialty to Launch Luxembourg Subsidiary, Expanding Into Company Market
Westfield Specialty International announced its intention to expand its business from a Lloyd’s-only vehicle into the company market. Subject to regulatory approval, Westfield Specialty will launch a Luxembourg subsidiary and use this platform to underwrite risks on company paper alongside …
POSTED DECEMBER 11, 2025 2:27 PM |
Industry Trade Associations Throw More Support Behind FEMA Reform
The American Property Casualty Insurance Association and the National Association of Mutual Insurance Companies were among a handful of organizations to send a letter to federal lawmakers in support of a bill to reform the Federal Emergency Management Agency. In …
POSTED DECEMBER 11, 2025 1:52 PM |
AXA Warns on Data Center ‘Gambles’ as Private Credit Risks Rise
French insurer AXA SA said it’s exercising greater caution on the artificial intelligence build-out when backing financing for the sector, amid growing awareness of emerging risks in private markets. “We are convinced of the medium-term trend, but we want to …
POSTED DECEMBER 11, 2025 1:35 PM |
Enterprise Risk Associates Gets $150M From Macquarie to Fund Agency Acquisitions
Enterprise Risk Associates (ERA), an insurance brokerage platform focused on mergers and acquisitions of independent insurance agencies, announced it has received an investment from Macquarie Capital Principal Finance that will provide up to $150 million to support ERA’s acquisition strategy. …
POSTED DECEMBER 11, 2025 1:17 PM |
Coupang CEO Resigns After Online Retailer Hit by Massive Data Breach
South Korea’s biggest online retailer Coupang said on Wednesday that CEO Park Dae-jun has resigned, taking responsibility for a huge data breach at the company that has triggered a growing backlash in Asia’s fourth-largest economy. Coupang “deeply apologizes for causing …
POSTED DECEMBER 11, 2025 12:35 PM |
Over 30 Sanctioned Ships in Venezuela at Risk After US Tanker Seizure
More than 30 U.S.-sanctioned oil vessels doing business in Venezuela could face punishment by Washington after the Coast Guard seized a supertanker carrying Venezuelan crude for export, according to shipping data. The seizure, announced by President Donald Trump on Wednesday, …
POSTED DECEMBER 11, 2025 8:50 AM |
US Seizes Sanctioned Oil Tanker Off Coast of Venezuela, Trump Says
The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, a move that sent oil prices higher and sharply escalated tensions between Washington and Caracas. “We’ve just seized a tanker on …
POSTED DECEMBER 11, 2025 8:15 AM |
DOJ Stops Monitoring Houston Illegal Dumping in Retreat From Environmental Justice
The U.S. Justice Department has withdrawn from an agreement with the city of Houston to curb illegal dumping in Black and Latino neighborhoods, part of the Trump administration’s broad dismantling of environmental justice initiatives. Federal authorities quietly ended the monitoring …
POSTED DECEMBER 11, 2025 6:48 AM |
OpenAI Warns New Models Pose ‘High’ Cybersecurity Risk
OpenAI on Wednesday warned that its upcoming artificial intelligence models could pose a “high” cybersecurity risk, as their capabilities advance rapidly. The AI models might either develop working zero-day remote exploits against well-defended systems or assist with complex enterprise or …
POSTED DECEMBER 11, 2025 6:29 AM |
Driverless Taxis Are Heading to UK, but Who’s Liable When Something Goes Wrong?
Driverless taxis are a bit like buses. You wait ages for one, and then a fleet arrives all at once. The US firms Waymo and Uber have both said their vehicles will be on the streets of London in 2026. …
POSTED DECEMBER 11, 2025 6:10 AM |
Crypto Traders Seek Out Extra Security as Kidnappings Rise
To maintain an edge in the volatile, non-stop world of cryptocurrency trading, it helps to be chronically online. Telegram, Discord and Reddit forums are full of investors swapping tips, memes and — when they get lucky — posting screenshots of …
POSTED DECEMBER 11, 2025 6:05 AM |
Viewpoint: Stable Operating Conditions Expected for European Insurers in 2026
Fitch Ratings’ outlook for the EMEA insurance sector is “neutral” for 2026, as Fitch expects the underlying operational and business conditions to remain mostly unchanged, compared to those in 2025. Core credit drivers trend in different directions but overall leave …
POSTED DECEMBER 11, 2025 6:03 AM |
Acrisure to Buy MGA Vave From Canopius
Acrisure said it is acquiring Vave, a managing general agent, from parent Canopius. Terms of the deal were not disclosed. Vave will continue to operate under its brand name, and its management team, led by CEO Marek Shafer, will continue …
POSTED DECEMBER 11, 2025 6:03 AM |
After Years of Pushing Rate Hikes, Florida’s Citizens Now Wants HO Rate Decrease
After years of asking for rate increases to help drive consumers to the private market and reduce its exposure, Florida’s Citizens Property Insurance Corp. is now asking for a rare decrease in homeowners’ rates. The corporation’s Board of Governors on …
POSTED DECEMBER 11, 2025 6:01 AM |
Oregon Contractor Fined $128K for Workers Safety Violations
The Oregon Occupational Safety and Health Division fined a Medford contractor $128,345 for safety violations after an inspection reportedly found the company exposed employees to multiple hazards, including a potentially deadly fall from heights. The division cited Shrader Homes Inc. …
POSTED DECEMBER 11, 2025 6:00 AM |
Senior Facility Owner and Inspector Sue Each Other Over Faulty Sprinklers in Deadly Fire
A safety inspection company and the owner of a Massachusetts assisted-living facility that was the site of a fire in July that killed 10 people are blaming each other for failing to address a faulty sprinkler system. Inspector Fire Systems …
POSTED DECEMBER 11, 2025 6:00 AM |
Insurance Leading Topic of Complaints to Oregon Regulator
In the most recent quarter, the Oregon Division of Financial Regulation received 1,422 complaints, and insurance continued to be the leading topic with 890 complaints. From July through September DFR helped recover $1,836,127. Credit union complaints were the next highest …
POSTED DECEMBER 11, 2025 6:00 AM |
Higginbotham Enters Indiana With Synergy Insurance Acquisition
Higginbotham has acquired Mishawaka, Indiana-based Synergy Insurance, giving the firm its first footprint in the state. Synergy Insurance Group is an independent insurance agency providing services to businesses and individuals across northern Indiana and southern Michigan. Higginbotham provides insurance, financial …
POSTED DECEMBER 10, 2025 7:05 PM |
Court Clerk in Murdaugh Trial Pleads Guilty to Showing Sealed Exhibits
The former court clerk in South Carolina who helped out with the murder trial of attorney Alex Murdaugh pleaded guilty Monday to criminal charges for showing sealed court exhibits to a photographer and lying about it in court. Former Colleton …
POSTED DECEMBER 10, 2025 5:59 PM |
Is a Mass. Auto Insurer Allowed to Refuse to Offer Coverage Due to Flood Warning?
Can an auto insurer in Massachusetts refuse to offer collision and comprehensive coverages during a flood warning despite a state law that makes it mandatory to offer such coverages? The industry and public are on the road to finding out. …
POSTED DECEMBER 10, 2025 5:10 PM |