Volvo Cars Recalls Over 413,000 US Vehicles Due to Rearview Camera Issue
Swedish automaker Volvo Cars is recalling 413,151 vehicles in the United States over an issue with the rearview camera, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday. The software will be updated by a dealer or through …
POSTED JANUARY 08, 2026 5:29 PM |
Markets/Coverages: CFC Offers Customer BI for SMEs; Amwins SRU Launches Primary Construction Casualty Program
Specialist insurer CFC, said it launched a new extension to its Cyber Proactive Response cover for small- to medium-sized enterprises. Customer business interruption responds to contingent business interruption (BI) events, delivering protection for SMEs facing financial loss as a result …
POSTED JANUARY 08, 2026 5:20 PM |
Google, AI Firm Settle Florida Mother’s Lawsuit Over Son’s Suicide
Alphabet’s Google and artificial-intelligence startup Character.AI have agreed to settle a lawsuit from a Florida woman who alleged a Character chatbot led to the suicide of her 14-year-old son, according to a Jan. 7 court filing. The filing said the …
POSTED JANUARY 08, 2026 4:45 PM |
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris
The value of the 10 highest class-action settlements in 2025 exceeded $70 billion for the first time ever. In fact, the total was nearer to $80 billion across all areas of litigation, according to law firm Duane Morris. For the …
POSTED JANUARY 08, 2026 4:36 PM |
Storm Goretti to Hit Europe With Heavy Snow, Violent Winds
A winter storm is set to lash northern Europe with hurricane-force winds, along with heavy rain and snow as it moves through the region late on Thursday and Friday. Storm Goretti is expected to gather energy as low pressure deepens …
POSTED JANUARY 08, 2026 4:23 PM |
Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme
A federal judge sentenced a Pembroke Pines insurance broker to almost three years in prison and millions of dollars in restitution for leading a scheme that fraudulently enrolled thousands of people—many of them homeless—in Affordable Care Act health insurance plans. …
POSTED JANUARY 08, 2026 4:21 PM |
Two Killed in South Carolina When Scissor Lift Hit Power Lines
Two utility workers in North Charleston were killed when the scissor lift they were using struck live power lines, causing a fire. Local news outlets reported that witnesses said the 25-year-old men, working at night Jan. 6, did not have …
POSTED JANUARY 08, 2026 3:14 PM |
Duffy Pulls $160 Million From California Over Truck Licenses
The U.S. Department of Transportation is withholding about $160 million from California after the state delayed canceling thousands of commercial driver’s licenses that regulators say were issued illegally. Transportation Secretary Sean Duffy said Wednesday that the Federal Motor Carrier Safety …
POSTED JANUARY 08, 2026 2:49 PM |
Newsom Plans Crackdown on Corporate Homebuying in California
California Gov. Gavin Newsom will call for a crackdown on institutional investors buying up homes in the state during a speech Thursday, following a similar announcement by President Donald Trump. Newsom plans on saying he will work with local legislators …
POSTED JANUARY 08, 2026 2:44 PM |
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
“Sustainable value creators” among the 100 largest property/casualty insurance carriers generated more than twice as much of their value through underwriting than through investment activities over a 20-year study period, according to a new analysis from ACORD. In addition, in …
POSTED JANUARY 08, 2026 2:33 PM |
Bridge Specialty Acquires Pennsylvania Wholesale Broker
Bridge Specialty Group, a subsidiary of Florida-based Brown & Brown, Inc., has acquired the assets of Shoemaker & Besser, a managing general agent and wholesale insurance brokerage located in York, Pennsylvania. The announcement said that Shoemaker & Besser team will …
POSTED JANUARY 08, 2026 2:01 PM |
Progressive Approved for Personal Auto Rate Decreases in Louisiana
Louisiana Insurance Commissioner Tim Temple has approved Progressive Security Insurance Company’s request for a 6.6% average rate decrease on its over 270,000 private passenger auto insurance policyholders and Progressive Paloverde Insurance Company’s request for a 4% average decrease on its …
POSTED JANUARY 08, 2026 10:00 AM |
Blenheim Partnerships Launches Specialty Trade-Related MGA
Blenheim Partnerships, part of the White Bear Group, today announces the launch of its specialty trade-related managing general agency. The MGA is backed by Blenheim Underwriting alongside other well-known markets, including some Lloyd’s syndicates. The launch follows the appointment of …
POSTED JANUARY 08, 2026 8:34 AM |
Octave Ventures’ Statera Gets Approval to Be Lloyd’s Managing Agent
Statera Managing Agency Ltd. announced it has received regulatory approval to act as a Lloyd’s managing agent. Statera will manage Syndicates 4242 and 1416, which currently underwrite specialty risks produced through its strategic relationship with Octave Ventures, a division of …
POSTED JANUARY 08, 2026 8:15 AM |
Intruder Causes $28K in Damage at Vice President Vance’s Ohio Home
A man who broke windows at Vice President JD Vance’s Ohio home and caused other property damage was detained early Monday, the U.S. Secret Service said. William D. DeFoor, 26, is facing federal charges for allegedly damaging government property, engaging …
POSTED JANUARY 08, 2026 8:00 AM |
German Minister Says EU Must Take Legal Steps to Stop Grok’s Sexualized AI Photos
The EU Commission must take legal action to stop the “industrialization of sexual harassment” taking place on Elon Musk’s social media platform X, Germany’s media minister, Wolfram Weimer, told Reuters on Tuesday. With his comments, Weimer joins a chorus of …
POSTED JANUARY 08, 2026 7:42 AM |
Australian State Faces Catastrophic Fire Risk From Heat Wave
Australia is bracing for catastrophic fire risk in parts of Victoria on Friday as the country swelters through its worst heat wave since the Black Summer bushfires in the summer of 2019 and 2020. Temperatures rose above 45C (113F) in …
POSTED JANUARY 08, 2026 6:25 AM |
Tesla Door Design Is Targeted by New US Automotive Safety Bill
A US lawmaker is proposing legislation that would require manual door releases in new cars, a move to address growing safety concerns with the type of electrically powered handles popularized by Tesla Inc. The measure from Representative Robin Kelly, an …
POSTED JANUARY 08, 2026 6:06 AM |
Nestle Infant Formula Recall Widens to Africa, the Americas and Asia
Nestle’s recall of some batches of infant nutrition products has widened beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa, a tally from the company and national food safety statements show. No illnesses have yet …
POSTED JANUARY 08, 2026 6:05 AM |
German Dentists’ Fund Sues Advisers Over €1.1 Billion Loss
A German pension fund whose foray into private markets led to losses that totaled half of the fund’s assets has begun legal proceedings against its former auditor, an adviser and its own managers to recover the damages. The fund known …
POSTED JANUARY 08, 2026 6:04 AM |
People Moves: Roxborough Named 2026 CHSWC Chair
The California Commission on Health and Safety and Workers’ Compensation elected CHSWC Commissioner Nicholas Roxborough as the chair of the commission for 2026. Roxborough is the managing partner of Roxborough, Pomerance, Nye & Adreani, LLP. He specializes in representing insured …
POSTED JANUARY 08, 2026 6:00 AM |
4 Injured in Nursing Home Explosion File Negligence Lawsuit
Four people hurt when an explosion ripped through a Pennsylvania nursing home two weeks ago sued the facility and a natural gas utility this week, claiming their negligence was to blame. Two workers at Bristol Health & Rehab Center LLC, …
POSTED JANUARY 08, 2026 6:00 AM |
Orsted’s NY Wind Project Challenges US Suspension of Lease
Orsted A/S filed a legal challenge to the Trump administration’s order to halt construction of its offshore wind project near New York. In a complaint filed Tuesday in federal court in Washington, Orsted’s Sunrise Wind unit is seeking a preliminary …
POSTED JANUARY 08, 2026 6:00 AM |
Berkshire Hathaway Raises New CEO Abel’s Salary to $25 Million
Berkshire Hathaway said Jan. 6 that it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted for more than four decades. Abel, 63, became chief …
POSTED JANUARY 08, 2026 6:00 AM |
Germania Insurance Places First Cat Bond Through Handshake Re
Germania Insurance announced the placement of its first catastrophe bond, issued through Handshake ReLtd., as part of the company’s broader reinsurance and capital management strategy. The transaction became effective Jan. 1, 2026. The catastrophe bond provides $100 million of per …
POSTED JANUARY 07, 2026 8:30 PM |