Latest News & Insights

Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation

Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which is designed …

DOJ Sues California to End Enforcement of Emissions Standards for Trucks

The U.S. Justice Department said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks. The DOJ said it filed two complaints this week in federal courts against the California Air …

Banking’s Ailing Climate Coalition Loses Ground in Europe

Inside the world’s largest climate coalition for banks, there’s speculation that an exodus led by Wall Street could be about to spread to the European Union. The Net-Zero Banking Alliance, an organization dedicated to decarbonizing global finance, may be facing …

Ohio’s Roehr Insurance Partners With Higginbotham

Higginbotham announced it has partnered with Roehr Insurance, one of the largest property and casualty insurance agencies in Cincinnati, Ohio. The partnership grows Higginbotham’s presence in the Midwest and provides Roehr with expanded resources to support both clients and employees. …

OpenAI’s Sam Altman Expects to Spend ‘Trillions’ on Infrastructure

OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money. “You …

Texas Economy Slowing Amid Trade Policies and Immigration Crackdown

All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas. The report on the Fed’s recent Texas Business …

Texas Students Injured in School Bus Rollover Crash

A Texas school bus carrying more than 40 students on Wednesday rolled over after veering off a rural road on the first day of class, injuring multiple students, authorities said. At least one person has life-threatening injuries, while two others …

Chicago Launches Flood-Warning System as Rainstorms Intensify

Nedra Sims Fears still remembers the night years ago when her family home in Chicago flooded, sparking an electrical fire. Her father woke her up and rushed her outside into the pouring rain as smoke filled the rooms of their …

New Mexico Governor Declares State of Emergency in County Afflicted by Crime

The governor of New Mexico declared a state of emergency in response to violent crime and drug trafficking across a swath of northern New Mexico, including two Native American pueblo communities. The emergency declaration by Gov. Michelle Lujan Grisham makes …

Aon Accused of Contributing to Collapse of Startup Vesttoo

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified. A …

Alabama DOI Posts New Data Call on Liability Insurance

The Alabama Department of Insurance wants new data on how liability coverage affects insurance claims costs. In a bulletin posted Thursday, Commissioner Mark Fowler said the department has issued a data call to carriers of personal and commercial auto, personal …

West Virginia Will Finally Study How to Protect Communities After 2016 Floods

Nearly a decade after the deadly 2016 floods, West Virginia officials are moving forward with a study to look at flood mitigation measures across the Kanawha River Basin. Last month, Gov. Patrick Morrisey announced that the state will work with …

Wanted: Tesla Autopilot Operators. $25-$30/Hour. Plus Family-Building.

Are you a “highly motivated self-starter” who wants to drive an “engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training” purposes? This role requires a “high level of flexibility, strong attention to detail, …

Accenture to Buy Australian Cybersecurity Firm CyberCX for Reported $650 Million

Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). A wave of devastating cyberattacks has battered …

PE Firm B.P. Marsh Invests in New Collateralized Reinsurer to Support Growth of XPT

B.P. Marsh & Partners Plc, the specialist private equity investor, announced it is investing in a new collateralized reinsurer that aims to support growth in its long-time investee company XPT Group, the U.S. wholesale insurance broking and underwriting agency platform. …

NFL Cannot Force Black Coach’s Racial Claims Into Arbitration, Says Appeals Court

The National Football League cannot force Minnesota Vikings defensive coordinator Brian Flores’ racial bias claims into an arbitration controlled by the league, a federal appeals court ruled on Thursday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals …

Toxic Spill at China-Owned Zambian Mine 30 Times Worse Than Estimated

The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. At least 1.5 …

Delivery Drones May Soon Take Off With New FAA Rule

Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts. Yet the long-promised technology has been slow to take off in the United States. More than six years after the …

Softening Continues for Most Commercial P/C Lines in Q2, Says CIAB

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7%–down from the average increase of 4.2% from the first three months of 2025. …

Third Point’s Dan Loeb Wins Vote to Turn London-Listed Fund Into Reinsurer

Dan Loeb has won a vote to turn his UK investment trust into a life and annuity reinsurance company, defying a fierce backlash from some shareholders. A majority of investors backed a plan for London-listed Third Point Investors to acquire …

Rising La Niña Odds Point to More Hurricanes in the Atlantic

The world may be about to shift into a La Niña weather pattern, a development that would increase the risk of storms in the Atlantic as the height of hurricane season approaches there. Forecasters at the US Climate Prediction Center …

Florida Peninsula Files for 8.4% Cut in HO Rates, 12% Drop in Condo Owners’

Florida Peninsula Insurance Co., the ninth-largest property insurance carrier in the state with some 189,000 policies in force, announced it had filed for some of the largest rate decreases since landmark legislative changes were enacted two years ago. The Sarasota-based …

Son Cashed Mom’s Workers’ Compensation Checks After She Died

A Port Jervis, New York man recently entered a guilty plea to charges he collected more than $42,000 in workers’ compensation benefits issued to his deceased mother. New York State Inspector General Lucy Lang announced the July 31 guilty plea …

Brightstone Specialty Acquires RMS Hospitality and Fortis Risk

Michigan-based Brightstone Specialty Group announced its acquisition of RMS Hospitality Group and its affiliated claims firm, Fortis Risk Solutions, from RMS Insurance Brokerage, LLC. The acquisitions expand Brightstone’s presence in the franchise food, hospitality and restaurant sectors. RMS Hospitality Group …

Philadelphia Police Officer Wins Delayed Workers’ Compensation Claim for PTSD

A Philadelphia police officer who was severely beaten by a robbery suspect in 2017 has won his right to add a psychological injury to his already settled workers’ compensation claim for physical injuries suffered in the incident. The officer’s employer, …

NFL Appealing Nevada High Court Ruling Allowing Gruden’s Lawsuit to Proceed

The NFL will appeal the Nevada Supreme Court’s ruling that former Las Vegas Raiders coach Jon Gruden can proceed with his lawsuit and not go through the league for arbitration. The league will request a rehearing from the same court …

3 Firefighters Hurt as Fire Burned Historic Buildings in Salt Lake City Nightlife Hub

A blaze that started in a restaurant kitchen injured three firefighters and scorched century-old buildings in Salt Lake City’s nightlife hub, officials said. Firefighters were dispatched to a cooking fire at the London Belle Supper Club on Monday night and …

Texas Crime Labs Say They Need More Resources for a THC Ban

As Texas lawmakers debate whether to regulate or ban THC products, officials with the state’s crime labs say they don’t have the resources currently to enforce whatever law is passed. “From a crime lab perspective, mercifully, we don’t have a …

Milwaukee Area Recovers From Record Rain and Flooding

The Milwaukee area began drying out Monday after weekend rain hit unofficial records in Wisconsin of more than 14 inches (36 centimeters) in less than 24 hours, leading multiple rivers to flood at record-high levels, washing out vehicles, flooding basements …

Union Pacific Train Cars Derail Near Texas Town, No Injuries Reported

Thirty-five cars of a Union Pacific train derailed Tuesday afternoon near a small Texas town, officials said. No injuries were reported and no evacuations have been ordered following the afternoon derailment, Union Pacific spokeswoman Robynn Tysver said. News footage showed …