EPA Watchdog Finds Nation’s Most Toxic Sites Are Vulnerable to Flooding, Wildfires
About 100 of the nation’s most contaminated toxic waste sites are in areas prone to flooding and wildfires, a potential public health threat to millions of Americans in surrounding communities, the internal watchdog at the U.S. Environmental Protection Agency has …
Viewpoint: Why Brokers Struggle to Navigate Data Complexity and What to Do About It
The insurance industry relies on data to assess and price risks, and to develop products that meet policyholders’ needs. Insurance agencies and brokerages collect data about customers and their risks, and this data in turn is exchanged with underwriters to …
People Moves: Lockton Expands California Footprint in Life Sciences
Lockton has expanded its presence in California across the evolving life sciences sector, hiring Cristina Varner as senior vice president and life sciences practice leader for the West region. Varner has more than 25 years of experience in the life …
People Moves: Patriot Growth Names Bowie National Cyber Leader
Patriot Growth Insurance Services, headquartered in Fort Washington, Pennsylvania, named Jason Bowie as national cyber practice leader. Bowie has more than 15 years of experience in the insurance brokerage industry, with a background in cyber liability, errors & omissions (E&O), …
Judge Says Penn Must Turn Over Information on Jewish Employees to EEOC
A federal judge on Tuesday ordered the University of Pennsylvania to hand over records about Jewish employees on campus to a federal agency as part of an investigation into antisemitic discrimination but said it did not have to reveal any …
California Drought, Wildfire Risks Grow as Snow Falls Short
California is heading into its dry season with just a fraction of the snow it typically has across its highest peaks at the end of its winter months, raising the prospects of drought across the most populous U.S. state. Statewide, …
Man Charged in Phony Vehicle Accident Reporting Scheme
Pennsylvania Attorney General Dave Sunday announced charges against a York County man accused of buying scrapped vehicles at a bargain, insuring them, and reporting accidents that never happened to receive lucrative insurance payouts. Taofiq Salami, of York Haven, has been …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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