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INSURANCE NEWS
Texas Supreme Court Rejects Lawsuit by Survivors of Uvalde School Shooting
The Texas Supreme Court on Friday rejected an appeal by Robb Elementary students and teachers who argued failures by the Department of Public Safety and Uvalde County contributed to a botched response to the 2022 shooting that killed 19 students …
ANV Agrees to Acquire Specialist MGA Assured Underwriting Group
ANV Group Holdings Ltd., a global insurance intermediary platform, announced it has entered into a definitive agreement to acquire Assured Underwriting Group Ltd. (AUG), a specialist MGA providing insurance-backed financial protection products to tour operators and the travel sector across …
Texas Industrial Facility Faces $3.5M in Fines for Safety Violations
The U.S. Department of Labor has proposed more than $3.5 million in fines against three companies after federal inspectors determined they failed to protect workers during post-emergency response cleanup after a chemical spill at the BWC Terminals industrial facility east …
Michigan Communities Fight to Address Lead in Drinking Water
Twenty-five Metro Detroit communities exceeded Michigan’s lead action level for drinking water since 2018, according to state compliance data analyzed by a drinking water engineer and reviewed by Planet Detroit. The communities all receive water treated by the Great Lakes …
People Moves: Intact Insurance Names Meleniclis as CTO
Intact Insurance announced the appointment of Rory Meleniclis as Chief Information Officer. In this role, he will lead the next phase of the company’s technology evolution across its global specialty lines business, with a focus on strengthening core systems, advancing …
Neptune Doubles Flood Policy Limits to $15 Million
Neptune Insurance, one of the largest private flood insurance providers, has doubled its policy limits on most types of coverage, including limits of up to $15 million on commercial and residential structures, the company announced. “Property values have continued to …
Supreme Court Rejects Bid to Review SEC’s Rescinded ‘Gag Rule’
The US Supreme Court refused to review the constitutionality of a now-rescinded Securities and Exchange Commission policy that forced people and companies settling enforcement cases to never publicly criticize or contest the Wall Street watchdog’s claims. The justices without comment …
Italy’s Former Railways Chief Starts 5-Year Jail Term for 2009 Disaster
The 72-year-old former head of Italy’s state railway company has begun a five-year jail term over a 2009 derailment that killed 32 people, in a case highlighting the issue of management liability and the snail’s pace of Italian justice. Mauro …
Four Dead in Kentucky Amid Flooding Caused by Heavy Rains
Four people have died due to flooding from thunderstorms in Kentucky, Gov. Andy Beshear said Saturday, and he declared a state of emergency with additional rainfall expected. Flash flood warnings were in effect Saturday for parts of Kentucky and Indiana …
Stalled US Permits Threaten $121 Billion in Wind and Solar Investment, Report Shows
Trump administration policies that have stalled permits for renewable energy projects are putting more than $121 billion of investment at risk and slowing development of wind, solar and storage capacity needed to meet rising power demand, according to a report …
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO
Private equity-backed insurance broker Hub International announced on Friday that it has confidentially filed for an initial public offering in the United States. The Chicago-based company was valued at $29 billion in its last funding round in 2025, led by …
Hormuz Traffic Drops Off as Vessel Attacks Raise Fresh Concerns
Commercial traffic through the Strait of Hormuz persisted at a reduced level after attacks on two ships raised fresh concerns about the ability and willingness of shipowners to traverse the waterway. A handful of vessels made open transits over the …
