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INSURANCE NEWS
LA Fire Victims Suing City Utility for Billions Win Major Ruling
The water and power utility that serves the city of Los Angeles must face hundreds of lawsuits faulting its response to the massive 2025 wildfire that leveled one of the city’s premier seaside neighborhoods and caused tens of billions of …
Marsh Risk Launches Excess Casualty Facility for US Digital Infrastructure
Marsh Risk, a business of broker Marsh, announced the launch of Nimbus Casualty, a new insurance facility providing clients with excess general liability protection during the construction phase of US-based digital infrastructure projects. The facility offers up to $75 million …
Pritzker to Halt Data Center Tax Perks as Power Bills Soar
Illinois Governor JB Pritzker is seeking to temporarily halt incentives for data centers in a bid to contain soaring power bills. Pritzker, a Democrat seeking his third term as governor, wants to implement a two-year moratorium on new state-issued tax …
Explosive Wildfires Surge Through Oklahoma Panhandle and Kansas
A fast-moving wildfire on Oklahoma’s panhandle has doubled in size as it presses into Kansas, as firefighters contend with days of dry heat and gusting winds across the Great Plains. The Ranger Road Fire had consumed more than 280,000 acres …
Texas Sues Dow, Alleging Water Pollution Violations at Chemical Plant
The Texas Attorney General’s office filed a lawsuit last week against Dow Chemical Co., North America’s largest chemical manufacturer, describing hundreds of water pollution violations from its industrial complex on the rural Gulf Coast in Seadrift. While the state’s 46-page …
District of Columbia Seeks Federal Help for Potomac River Sewage Spill
District of Columbia Mayor Muriel Bowser has requested federal support as the region continues to deal with a January 19 pipe break that sent sewage flowing into the Potomac River northwest of Washington. Bowser has asked for a Presidential Emergency …
Georgia Supreme Court Disbars Workers’ Comp Attorney for Taking Client Funds
The Georgia Supreme Court this week disbarred a workers’ compensation claimants’ attorney after in investigation alleged that he had forged clients’ signatures and kept almost $160,000 in settlement proceeds for his own use. Bryan Matthew Pritchett, of Chamblee, had been …
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows
Insurtech Lemonade reported a fourth quarter 2025 net loss of about $21.7 million compared with a loss of about $30 million during the same time in 2024. Revenue and gross profit increased 53% and 73%, respectively, versus Q4 2024. However, …
Edison Is Slashing Top Executive Bonuses After Deadly LA Fire
Edison International is cutting top executive bonuses by 40% to reflect the impact of the devastating Los Angeles-area wildfire that killed 19 people and damaged or destroyed more than 10,000 structures. The decision follows a hard season for Edison’s Southern …
Palantir Gets Partial Win in Fight With Ex-Workers at AI Startup
A judge agreed with Palantir Technologies Inc. that a trio of former employees likely violated confidentiality and non-solicitation agreements in founding their artificial intelligence startup but stopped short of halting their work at the new company, Percepta. Palantir sued Percepta …
Markets/Coverages: BluNiche Launches Pharmaceutical Product Recall Insurance
BluNiche, the London-based product recall specialist MGA, announced the launch of its Pharmaceutical Recall Insurance product, expanding its portfolio to provide dedicated coverage for the pharmaceutical sector. The new offering provides comprehensive recall protection for pharmaceutical companies, contract manufacturers, contract …
India to Decide on Russia Oil Tanker Insurance Firms in Days
The Indian government must decide in the next few days whether to keep allowing a handful of Russian companies to insure tankers when they deliver oil to the Asian nation. The process comes at a time when New Delhi is …
