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INSURANCE NEWS
Michigan Health Care Provider to Pay $41K in Race Discrimination Lawsuit
Mid-Michigan Home Health & Hospice, L.L.C., a private in-home health care provider to clients throughout central Michigan, will pay $41,137 and provide other relief to settle a race discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission …
Americans Reject Use of AI for Medical and Coverage Decisions
Most Americans don’t want artificial intelligence making decisions about their medical care and insurance, according to a new Pew Research Center report. While Americans are generally open to AI use in healthcare for tasks like translating, 60% of the 3,488 …
People Moves: Specialty Program Group Adds Dearing as SVP of SPG ExecuPro
Specialty Program Group has added Victoria “Vicky” Dearing as senior vice president of SPG ExecuPro, the Eecutive & Professional Liability solution within SPG Wholesale. Dearing brings more than 45 years of insurance industry experience, including over three decades specializing in …
People Moves: Brown & Riding’s National Management & Professional Liability Practice
Matthew Allen has joined Brown & Riding‘s national management & professional liability practice. Allen has over 15 years of industry experience and specializes in D&O, EPL, fiduciary, and crime coverage for private and nonprofit organizations, and professional and cyber liability …
Erie CEO NeCastro Steps Down Early; Bolash Named Interim Leader
Erie Insurance President and CEO Tim NeCastro, who announced in February that he would be retiring at the end of the year, stepped down today. The company statement said NeCastro “has decided to conclude his tenure with Erie earlier due …
Legacy Specialist RiverStone Enters ILS Market; Completes QBE Loss Portfolio Transfers
RiverStone International, the Bermuda-based legacy acquisition specialist, announced two major loss portfolio transfer (LPT) reinsurance deals, including its first involving the insurance-linked securities (ILS) market. The ILS transaction, announced on Oct. 30, involved the reinsurance of portfolios associated with funds …
Binance Hackers Used Fake Job Interviews in $6.3 Billion Heist
Binance Holdings Ltd. said Tuesday that the hackers behind a $6.3 billion heist used social engineering techniques including fake job interviews, as well as malicious software, in the most detailed report yet on how the incident unfolded. Binance, which attributed …
Schools, Faith Groups, Libraries Step Up As Disaster Aid Becomes a Political Lottery
Four tornadoes tore across southwest Michigan in early March 2026, killing four people. They were the state’s deadliest natural hazards in decades. Gov. Gretchen Whitmer asked the Federal Emergency Management Agency for assistance to cover uninsured and underinsured losses. FEMA …
Learjet May Have Broken Up Before Fatal Florida Crash, NTSB Says
US air safety investigators said there are early indications the Learjet 60 that crashed in Palm Beach, Florida, on Sunday had broken up before impacting the ground, killing all nine people on board and injuring at least one person on …
Vantage Launches Facultative Reinsurance Business, Names Pickard as President
Vantage Group Holdings Ltd., the Bermuda-based re/insurer, announced the launch of its Facultative Reinsurance line of business, led by industry executive Lisa Pickard, who has joined Vantage as president of Facultative Reinsurance. This expansion marks a key milestone in Vantage’s …
Berkshire-Owned Utility’s Wildfire Lawsuits Head to Oregon Supreme Court
The Oregon Supreme Court will on Tuesday review a verdict that could expose Berkshire Hathaway’s PacifiCorp utility to tens of billions of dollars of potential damages over its role in four Oregon wildfires in 2020. Oregon residents and business owners …
UK Must Expect AI-Powered Attack on Critical Infrastructure Within Two Years: Report
Britain should be prepared for an AI-powered cyberattack on its critical national infrastructure in the next two years, the UK’s National Cyber Security Centre said on Tuesday, adding that China was likely the best equipped to conduct such operations. Richard …