Bill Introduced to ‘Transform’ The California FAIR Plan
A bill to initiate reforms to the California FAIR Plan that include changes to customer service and claims, and added transparency was introduced on Monday. Assembly Bill 1680, the Make It FAIR Act, authored by Assemblymember Lisa Calderon and sponsored …
POSTED FEBRUARY 02, 2026 9:06 PM |
Historic Fishing Community Mourns 7 Lives Lost in Another Tragedy at Sea
The U.S. Coast Guard’s Northeast Division is investigating the sinking of the commercial fishing vessel Lily Jean off the Massachusetts coast and subsequent loss of seven lives last week. At 6:50 a.m., on January 30, the Coast Guard responded to …
POSTED FEBRUARY 02, 2026 8:32 PM |
Cluster of Quakes Felt Around San Francisco Bay, Including An M4.2
A cluster of earthquakes in the San Francisco Bay Area early Monday including a magnitude 4.2 temblor was felt by thousands. The United States Geological Survey reported more than two dozen different quakes. The largest was a M4.2 east of …
POSTED FEBRUARY 02, 2026 5:43 PM |
Rokstone Launches Commercial Agriculture and Farm Property Program
Rokstone Agriculture, part of the International Speciality (Re)Insurance MGA Rokstone, has announced the launch of its new U.S. non-admitted Commercial Agriculture and Farm & Ranch Property Program. Available in all U.S. states, except Alaska and Hawaii, and excluding wind is …
POSTED FEBRUARY 02, 2026 5:01 PM |
Novacore Acquires Texas’ CP Insurance Associates
Novacore, the specialty insurance managing general agent (MGA) formerly the U.S. commercial division of NSM Insurance Group, announced it has entered into a definitive agreement to acquire CP Insurance Associates, a Texas-based insurance services agency specializing in lender-placed insurance, investor …
POSTED FEBRUARY 02, 2026 4:54 PM |
Cannabis is Here to Stay, Texas Lawmakers Say
Cannabis is here to stay in Texas, lawmakers and industry leaders said last week, as efforts to ban consumable hemp are losing steam. However, figuring out how to regulate the market remains a glaring problem that lawmakers will likely address …
POSTED FEBRUARY 02, 2026 4:49 PM |
FMIG Acquires Illinois’ Downs Insurance Agency
First Mid Insurance Group (FMIG) announce its acquisition of Downs Insurance Agency in Decatur, Illinois. The transaction closed on January 12, 2026. The acquisition supports FMIG’s continued growth strategy across central Illinois and expands its presence in the Decatur market. …
POSTED FEBRUARY 02, 2026 4:47 PM |
Zurich Reveals Beazley Stake After UK Insurer Spurns Bid
Zurich Insurance Group AG disclosed a 1.5% stake in Beazley Plc, about two weeks after the UK specialty insurer rejected the industry giant’s latest takeover approach. The Swiss company now holds about 8.87 million shares of the London-listed firm, or …
POSTED FEBRUARY 02, 2026 4:33 PM |
NHTSA Expands Probe Into About 1.3 Million Ford Pickups Over Transmission Issues
The National Highway Traffic Safety Administration said on Monday it had expanded a safety-related investigation into 1.27 million Ford F-150 pickup trucks following reports of unexpected downshifts with rear-wheel lockup. The investigation covers vehicles from the 2015–2017 model years, NHTSA …
POSTED FEBRUARY 02, 2026 4:21 PM |
‘Moltbook’ Social Media Site for AI Agents Had Big Security Hole
A buzzy new social network where artificial intelligence-powered bots appear to swap code and gossip about their human owners had a major flaw that exposed private data on thousands of real people, according to research published on Monday by cybersecurity …
POSTED FEBRUARY 02, 2026 4:07 PM |
Georgia City Warns Against Drinking Tap Water After Atlanta Airport Fuel Spill
A town south of Atlanta advised its residents on Friday not to drink their tap water after a fuel spill at Atlanta’s airport may have contaminated the Flint River. The city of Griffin, whose water system serves more than 20,000 …
POSTED FEBRUARY 02, 2026 3:45 PM |
Record-Breaking Cold Hits South, Leaving Snow, Accidents and Crop Damage
Record-breaking cold gripped the Southeast this weekend, bringing heavy snow to parts of Tennessee and North Carolina, canceling flights across the region and threatening citrus crops in Florida. News outlets reported that at least 44 daily temperature records may be …
POSTED FEBRUARY 02, 2026 3:31 PM |
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage
A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called “bump-up” exclusion in denying coverage for a settlement in a securities lawsuit. Late last month the Delaware Supreme Court affirmed a ruling …
POSTED FEBRUARY 02, 2026 3:19 PM |
Markets/Coverages: Willis Returns to Light and Recreational General Aviation Market
Willis, a WTW business, has announced its return to the light and recreational general aviation market after a 30-year absence, marking a significant milestone in the company’s ongoing commitment to providing industry-leading insurance solutions. The move has been enabled by …
POSTED FEBRUARY 02, 2026 11:42 AM |
UN Nuclear Watchdog Discusses Risks to Ukraine’s Nuclear Safety After Russian Strikes
The U.N. atomic watchdog’s board held a special session Friday to discuss risks to nuclear safety in Ukraine as concerns mount that relentless Russian attacks on its energy infrastructure pose an increasing danger of a nuclear accident. The urgent meeting …
POSTED FEBRUARY 02, 2026 10:32 AM |
Dutch Regulator to Probe Roblox Over Risks to Minors
The Netherlands’ consumer protection regulator ACM has launched an investigation into U.S. gaming platform Roblox over potential risks to underage users in the European Union, it said on Friday [Jan. 30]. The regulator said it will assess whether Roblox is …
POSTED FEBRUARY 02, 2026 9:14 AM |
India’s GIFT City Attracts Lloyd’s and Other Global Reinsurers, Sources Say
Some of the world’s biggest reinsurers, including Lloyd’s of London, are seeking Indian regulatory approval to operate in a low-tax city set up in the prime minister’s home state to try to rival other international financial hubs, two sources said. …
POSTED FEBRUARY 02, 2026 8:58 AM |
Trafigura Wins $600 Million Nickel Fraud Lawsuit Against Businessman Gupta
Trafigura won its London lawsuit against Indian businessman Prateek Gupta over fake nickel cargoes on Friday, with London’s High Court ruling in favor of the commodities trader. Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent “Ponzi scheme” in …
POSTED FEBRUARY 02, 2026 8:15 AM |
Bitcoin’s Break Below $80,000 Signals New Crisis of Confidence
Price, relevance, conviction — Bitcoin is bleeding all three. The world’s largest cryptocurrency slipped below $76,000 in thin weekend trading, dropping about 40% from its 2025 peak and revisiting levels last seen in the aftermath of the “Liberation Day” tariff …
POSTED FEBRUARY 02, 2026 6:20 AM |
Federal Trade Commission Warns Law Firms About DEI Hiring
The U.S. Federal Trade Commission said on Friday it had written to 42 law firms warning them about diversity, equity, and inclusion hiring, which it described as potentially unfair and anticompetitive. President Donald Trump’s administration has eliminated DEI-related programs in …
POSTED FEBRUARY 02, 2026 6:11 AM |
Open-Source AI Models Vulnerable to Criminal Misuse, Researchers Warn
Hackers and other criminals can easily commandeer computers operating open-source large language models outside the guardrails and constraints of the major artificial-intelligence platforms, creating security risks and vulnerabilities, researchers said on Thursday. Hackers could target the computers running the LLMs …
POSTED FEBRUARY 02, 2026 6:03 AM |
Charges Dropped Against ‘Poster Boy’ Florida Contractor Accused of Insurance Fraud
Almost three years ago, in May of 2023, a circuit court judge in Lee County, Florida, sharply criticized a restoration contractor, accusing him of concealing the true cost of condominium roof work in an assignment-of-benefits claim with Tower Hill insurance. …
POSTED FEBRUARY 02, 2026 6:02 AM |
Delaware’s Supreme Court Slashes Legal Fees in Tesla Director Pay Lawsuit
The Delaware Supreme Court handed Tesla a victory on Friday, slashing by more than $100 million the legal fees owed to shareholder lawyers who successfully sued directors at Elon Musk‘s electric car company for overpaying themselves. The court said Tesla …
POSTED FEBRUARY 02, 2026 6:00 AM |
Man Charged With Murder in New York City High-Rise Gas Explosion
A deadly gas explosion in a New York City high-rise last weekend was traced to an intruder who disconnected a stove to steal and sell it, prosecutors said Thursday. The suspect, Samuel Calderon, was being held without bail after his …
POSTED FEBRUARY 02, 2026 6:00 AM |
Rapaport Reappointed as Virginia Workers’ Compensation Commissioner
The Virginia Workers’ Compensation Commission reappointed Commissioner Robert A. Rapaport to serve an additional six-year term as a commissioner of the Virginia Workers’ Compensation Commission. Rapaport was originally appointed to the commission in 2017. Before his appointment, Rapaport practiced law …
POSTED FEBRUARY 02, 2026 6:00 AM |