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INSURANCE NEWS
O’Reilly Auto Parts Sued For Disability Discrimination at Michigan Facility
O’Reilly Auto Enterprises, LLC, doing business as O’Reilly Auto Parts, a national auto parts retailer operating more than 6,500 stores throughout the United States, Puerto Rico, Mexico and Canada, violated federal law by failing to reasonably accommodate a disabled employee …
Heavy Texas Rain Pushes Corpus Christi Water Emergency Into 2027
Corpus Christi, the leading crude-export hub in the US, is no longer facing an imminent emergency after heavy rain and tropical storms replenished reservoirs that had been depleted by years of drought. The South Texas coastal city had projected it …
Markets/Coverages: CFC Embeds Affirmative AI Cover in Product Portfolio
Specialist insurer CFC said it is responding to customer demand with updates to embed affirmative AI coverage within its portfolio. The rollout introduces clear, explicit AI-related language to eliminate ambiguity across seven key policies to ensure customers have certainty around …
Software Buyout King Orlando Bravo Attempts an AI-Era Reboot
Orlando Bravo was quick to see the disruptive potential of software, making a series of lucrative bets on the sector that turned him into a billionaire and transformed the buyout shop he leads, Thoma Bravo, into an industry powerhouse. Now, …
King Risk Partners Acquires Massachusetts Agency
Florida-based King Risk Partners has continued its expansion in New England with the acquisition of Perry Insurance Agency of North Andover, Massachusetts. Perry Insurance Agency is an independent insurance agency that offers personal insurance, commercial insurance, and liability coverage options. …
US Supreme Court Scales Back Roundup Cancer Lawsuits
The U.S. Supreme Court reined in thousands of lawsuits pursued in state courts accusing Bayer of failing to warn users that the active ingredient in its Roundup weedkiller causes cancer, handing a major legal victory on Thursday to the German …
Clyde & Co Survey Shows Rapid Escalation of AI, Geopolitical Risks
Technology is moving extremely fast, and a recent Clyde & Co survey of global business leaders has found that associated risks are weighing heavily. According to the law firm’s latest Corporate Risk Radar, 86% of leaders—CEOs, CFOs, COOs, general counsel, …
Week-Long LA Warehouse Fire That Impacted Air Quality and Businesses Knocked Down
A fire near downtown Los Angeles that has affected the health of nearby residents and caused businesses economic harm for more than a week was knocked down Wednesday night, fire officials said. A fire at a 491,000-square-foot cold storage warehouse …
London Faces Huge Financial Cost Tied to Rising Heat, Mayor Says
London’s efforts to deal with rising temperatures come at a considerable financial cost that will require the city to turn to private investors for help, the mayor of the UK capital said. Instead of being a “future threat,” extreme heat …
Florida-Based Safepoint Withdraws IPO Just as it Was Expected to Launch
Florida-based Safepoint Holdings, parent company of Safepoint Insurance and Manatee Insurance Exchanged has filed to withdraw its initial public offering plans in the U.S., the Florida insurer said on Wednesday. The withdrawal comes even as the IPO market has picked …
Thousands Feared Dead After Two Major Earthquakes Hit Venezuela
Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and setting off powerful aftershocks. A magnitude 7.2 earthquake hit about 160 …
Guy Carpenter Combines UK Property and Casualty, London Europe Ops
Guy Carpenter, a business of Marsh, said it is uniting its UK Property and Casualty and London Europe teams under one leadership structure, effective at the start of 2027. Leon Janeke will lead the combined UK Property and Casualty and …
