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INSURANCE NEWS
FBI Investigating Hackers’ Claims of Stealing Employee Data
The Federal Bureau of Investigation is probing hackers’ claims that they broke into the bureau’s systems and stole thousands of current and former employees’ data, the bureau said in a statement Sept. 23. A group known as ShinyHunters claimed responsibility …
Florida Farm Manager the Latest to Plead Guilty in Crop Insurance Fraud Probe
A southwest Florida farm manager could soon face years in prison and more than $3 million in restitution after he pleaded guilty to crop insurance fraud at one of Florida’s highest-profile farm operations. Mark Frisbie, 60, of Punta Gorda, pleaded …
Markets/Coverages: Munich Re Specialty Launches in Italy’s Primary Specialty Market
Munich Re Specialty announced it will offer commercial solutions in the Italian primary specialty insurance market, with its Italian headquarters in Milan. Munich Re Specialty intends to provide solutions to a range of clients from small-to-medium-sized enterprises, mid-market and upper …
Minnesota Agrivoltaics Project Mixes Farming and Solar Power
Winifred Sylvah picked a handful of plump cucumbers on a cold, wet September morning as raindrops trickled off rows of solar panels in the background. They’ve been a productive plant for Sylvah on a new plot of land at a …
Texas Rangers Pursuing Criminal Investigation Against Camp Mystic
The Texas Rangers appear to be pursuing criminal charges against Camp Mystic, saying in a search warrant affidavit they believe camp leadership committed crimes including manslaughter and criminally negligent homicide when 27 girls and counselors died in the July 4, …
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking
Florida’s insurance commissioner announced his office has approved four rate decreases on homeowner policies, averaging 7% and affecting 62,000 policies at renewal. And more rate cuts are on the way—further evidence that taking excessive litigation out of the equation has …
New Jersey Fines Data Center $1 Million Over Generators It Says Were Not Permitted
The New Jersey Department of Environmental Protection (DEP) announced that it is ordering a $1.07 million fine against the DataOne data center in Vineland for allegedly installing and operating 62 large natural-gas power generators without the requisite state permits. The …
Aon Announces New Reinsurance Leadership, Governance Structure in Germany
Insurance broker Aon plc announced a new leadership and governance structure for its Reinsurance Solutions business in Germany, effective October 1, 2026. Under the new structure, Phillip Esser has been appointed CEO of Reinsurance Solutions in Germany for Aon, based …
Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index
The rapid growth and lack of governance or regulation in the use of artificial intelligence has once again made cyber threats the top concern among businesses. According to the latest Risk Index from insurer Travelers, 58% of respondents said they …
Movie Theatre Chain Settles EEOC Disability Discrimination Suit
Multi-Cinema (AMC), a nationwide movie theatre chain, will pay $56,000 to settle a federal disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the federal agency announced. In addition to paying $56,000 under the two-year consent decree resolving …
Obscure UAE Firms Hold Key to Radiant’s $1 Billion in Assets
As creditors, counterparties and lawyers pore over the business of embattled commodity trader Radiant World, a low-rise office building in the emirate of Ajman, just north of Dubai, may contain one key piece of the puzzle. Milla Sky Trading, whose …
Hurricane to Threaten Hawaii With Flooding Over Weekend
Hawaii will be threatened by yet another hurricane over the weekend, after a tropical depression reformed to the south of the island chain. The depression, with winds of 35 miles (56 kilometers) per hour, is expected to strengthen into a …
