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INSURANCE NEWS
New York, Northeast Will See Temperatures Soar This Week
New York City and the Northeast will see temperatures surge this week as another wave of sultry weather shifts across the eastern US and southern Canada. Temperatures are forecast to top 90F (32C), potentially peaking at 98F in Central Park …
Meta Expands Louisiana Data Center to 5 Gigawatts, Investment Crosses $50B
Meta META.O said on Monday its data center in Richland Parish, Louisiana, will expand to 5 gigawatts of compute capacity, with investment in the project increasing to more than $50 billion. The planned data center, known as Hyperion, was earlier …
Appeals Court Revives Private Lawsuits Linking Tylenol to Autism
A federal appeals court on July 13 revived more than 500 private lawsuits against Tylenol maker Kenvue over the painkiller’s alleged link to autism. The 2nd U.S. Circuit Court of Appeals in Manhattan said a district court judge improperly excluded …
Oklahoma Opens Next Round of Grants for Fortified Roof Program
The Oklahoma Insurance Department is opening the next round of applications for the Strengthen Oklahoma Homes Grant Program on Monday, July 13, with grants awarded on a first come, first served basis. Homeowners can apply beginning at 12:00 p.m. CST …
Police Officer Sentenced for Role in Insurance Fraud Conspiracy With Other Officers
A federal judge in Maryland has sentenced a former Anne Arundel County police officer for his role in an auto-insurance fraud scheme that involved several other officers. Jaron Earl Taylor, of Ft. Washington, Maryland, was sentenced to three years of …
Ryan Specialty Underwriting Mangers Names Smith as CEO of Ryan Specialty Renewables
Ryan Specialty Underwriting Managers, the underwriting management division of Ryan Specialty, announced the appointment of Jeff Smith to CEO of newly created Ryan Specialty Renewables effective immediately. Ryan Specialty Renewables is RSUM’s managing general underwriting practice focused on the global …
Mile Auto Acquires Georgia’s Insurance House
Mile Auto, an AI-driven MGA, announced its acquisition of Insurance House, Inc. effective as of July 1, 2026. With nearly $100 million in annual premium, the combined organization serves more than 55,000 policyholders and 1,600 independent insurance agencies across 10 …
Trump Says US Reinstates Blockade of Strait of Hormuz After New Clashes With Iran
President Donald Trump said on Monday the United States was reinstating its blockade of Iranian shipping in the Gulf and would ensure the Strait of Hormuz stays open after the two sides exchanged more missile and drone attacks. The latest …
Missouri Flooding Leaves One Dead, Forces Evacuation of Summer Camp
A woman was found dead in Missouri on Saturday after heavy rainfall battered parts of the state the previous day, forcing numerous emergency rescues and evacuations, including at a summer camp with more than 200 children. Several other states also …
Markets/Coverages: Marsh Launches US Lead Umbrella Casualty Facility
Marsh Risk said it has launched launched MLOne, a US lead umbrella casualty facility designed to deliver stronger protection and clearer claims coordination for clients operating in an increasingly litigious environment. Designed to sit above any primary casualty program, MLOne …
Seafarers Attacked in Strait of Hormuz Sue Shipping Company in Thailand
Three former crew members of a Thai cargo ship struck in the Strait of Hormuz in March filed a lawsuit Friday against the vessel’s operator over labor rights violations and unfair dismissal. The ship, the Mayuree Naree, was hit by …
Low Water Hampers Rhine River Shipping in Germany, Transport Costs Rise
Low water levels in a current heatwave are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany, increasing costs for freight transport, commodity traders said on Monday. Shallow water means vessel operators are imposing surcharges on …
