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INSURANCE NEWS
New Flooding Haunts Texas Hill Country a Year After Historic Disaster
Soyla Reyna stood outside Calvary Temple Church, taking a momentary respite from hours of manning the flood displacement shelter at her home church in Kerrville on Thursday. “A lot of it was unbelievable,” she said as the rain outside the …
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Second quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly from severe storms, were $518 million compared with $927 million for …
Air Taxi Service Across Parts of Florida Moving Closer to Reality
The long-awaited future moved a little closer to the present this week when officials in Kissimmee, Florida, unveiled new infrastructure to support an air taxi/flying car service in coming years. “We will go from the Orlando area to Tampa within …
Texas Floods Kill Two, More Storms Forecast for Overnight
Mandatory evacuations across the Texas Hill Country are underway as life-threatening flash floods wreck bridges and roads with more heavy rain expected overnight. A wide swath of Texas is forecast to receive as much as eight inches (20 centimeters) of …
People Moves: Canopius Hires Brown as Head of US Claims; World Insurance Names Milord Chief Broking Officer
Canopius Group, headquartered in Chicago, Illinois, hired Melanie M. Brown, who will join the business on August 3 as head of U.S. claims. She will report to the incoming Canopius Group Chief Claims Officer Steve Parry. Brown has extensive experience …
Florida Man Charged With $159,000 in Fraudulent Insurance Claims
A central Florida man who has been cited for numerous traffic violations and who was once sued by State Farm in an auto accident subrogation case, has been charged with submitting more than $159,000 in fraudulent health insurance claims. Two …
Rhine Rises After Rain, but Low Levels Continue to Hinder Shipping
Water levels on the Rhine in Germany have risen after rain in the south and are forecast to rise further in the coming days, the country’s inland navigation agency said on Friday, though shallow water continues to hinder shipping and …
New York Sues 3M, DuPont, Other Firms for Funding of PFAS Cleanup
New York’s attorney general sued several large chemical and agricultural companies on Thursday, alleging they knowingly sold harmful so-called forever chemicals used in cosmetics, non-stick cookware and other products. The lawsuit against 3M, DuPont de Nemours, The Chemours Company and …
Coca-Cola Suspends Fairlife Operations After Cyberattack
The Coca-Cola Co. said it had temporarily suspended production operations of its Fairlife milk in the US after an unauthorized third party gained access to some of its systems. The cyberattack was connected to a ransomware event, Coca-Cola said in …
West Hartford to Pay $20 Million to Settle Suit Over Kindergartener’s Death
The West Hartford Town Council voted unanimously on July 14 to approve a $20 million settlement of a lawsuit over the death of 5-year-old kindergartener Romeo D. Pierre Louis, who collapsed during recess at Charter Oak International Academy in 2022. …
Kentucky Jury Awards $104M Verdict Against Online ‘Ghost Gun’ Maker
A Kentucky jury has ordered the maker of a gun-building kit to pay $104 million in damages to the family of an 18-year-old who used a “ghost gun” to commit suicide in 2023. It was said to be the largest …
US, Iran Each Attack Infrastructure in Risky Escalation of Conflict
The United States struck bridges and an airport in Iran on Friday and Tehran responded by hitting a power and desalination plant in Kuwait, as the warring foes risked further escalation by expanding their targets to include infrastructure. In the …
