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INSURANCE NEWS
A Super Yacht Armada Came to Miami, Leaving a Marine Graveyard in Its Wake
Not far from the super yachts docked outside the island palaces of Miami’s new billionaire class, smaller boats abandoned by people who couldn’t afford them languish in Biscayne Bay. Since October, Miami Beach police have identified and removed about 140 …
Venezuela Seeks Quake Survivors as Death Toll Hits 589
The death toll from twin earthquakes that rocked Venezuela rose to at least 589 with nearly 3,000 more injured, as rescue teams desperately clear away rubble to reach trapped victims. The powerful 7.2 and 7.5 earthquakes struck within a minute …
Florida Citizens Clarifies What is ‘Comparable Coverage’ in HO, DP Policies
Carriers making takeout offers for Florida Citizens Property Insurance policies have often run into a question: What exactly constitutes “comparable coverage?” That has posed some issues in Citizens’ personal lines clearinghouse platform, the Florida Association of Insurance Agents’ Dave Newell …
Texas Landowners Grapple With a Raft of Gas Pipelines
In 2022, Ty and Leslie Eggemeyer received a notice in the mail that would shape the next four years of their lives. Their nearly 4,000-acre wildlife resort in Lampasas County — featuring everything from giraffes to wildebeests and gazelles — …
Tesla Settles Lawsuit Over Deadly Crash Involving Full Self-Driving
Tesla Inc. has quietly resolved a lawsuit stemming from a fatal 2023 crash that precipitated a defect investigation into the carmaker’s automated-driving technology. The collision involved 71-year-old Johna Story, who had stepped out of her vehicle on an Arizona highway …
Missouri Lawsuit Alleges Snapchat’s Failures Led to Rape of Minor
The parents of a girl who was raped when she was 12 years old by an adult stranger she met on Snapchat have sued its parent company, Snap, and the attacker in Missouri state court. The lawsuit filed Wednesday claims …
Camp Mystic, Where Texas Floods Killed 28, Files Bankruptcy
Camp Mystic, the Texas girls youth camp where 28 people were killed in flash floods last summer, has filed for bankruptcy. The company filed for Chapter 11 in the Southern District of Texas on Wednesday, listing assets of between $1 …
Deadly Neglect Lawsuits and Fines Follow Ohio Nursing Home Chain
A pressure ulcer slowly tore open a hole in the skin over Sam Frank Ray’s tailbone, leaving his raw bone exposed over weeks to the infection that eventually killed him, according to a lawsuit his family filed late last year. …
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask
Insurance and reinsurance executives speaking at a recent industry conference said there were few surprises during midyear 2026 reinsurance renewals—with past overreactions on price hikes explaining this year’s declines. “The question that’s going to be super relevant is: Where are …
Why the Trump Administration Is Defending Musk’s xAI Data Centers in Court
A lawsuit over unpermitted gas turbines used to power adata center for Elon Musk’s company xAI Corp. and its AI assistant Grok has become an unexpected test for the US government’s authority over air pollution. The US Department of Justice …
Mamdani Delivers Rent Freeze in Milestone for New York City Tenants
New York City’s Rent Guidelines Board voted to freeze rents for roughly one million stabilized apartments, handing Mayor Zohran Mamdani a major political victory and delivering on a central promise that launched him to City Hall. The board voted 7-1 …
Fire Extinguished at Monroe Energy’s Jet Fuel Refinery in Pennsylvania
A fire was extinguished in a process unit pump room at Monroe Energy’s 190,000-barrel-per-day refinery in Trainer, Pennsylvania, on Thursday, the company said in a statement. The exact cause of the fire is unclear at this time, the company said, …
