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INSURANCE NEWS
New Illinois Law Requires Insurance for High-Speed E-Bikes
Some Illinois e-bike riders will need to carry insurance starting in 2027 under a law signed this week by Governor JB Prtizker. The new law requires riders of e-bikes and e-motors capable of traveling over 28 mph to have a …
Ross Fire Grows Into One of Largest Wildfires on Record in North Texas
The Ross Fire has grown into one of the largest wildfires in the Dallas-Fort Worth area’s recorded history, scorching 85,000 acres across Palo Pinto and Jack counties in just three days. The fire, which began Monday near Palo Pinto, grew …
First US Phosphate Plant in Decades Planned Amid Global Conflict
Farm cooperative CHS Inc. and fertilizer producer OCP North America are proposing a $450 million phosphate fertilizer plant in Louisiana, bolstering domestic supplies as global conflicts have increasingly thwarted the flow of foreign crop nutrients. The proposed plant in Waggaman, …
Inszone Acquires Michigan’s Aviza Insurance Agency
Inszone Insurance Services announced the acquisition of Aviza Insurance Agency. The acquisition expands Inszone’s footprint in Michigan, welcoming a respected, community-rooted agency with deep expertise in farm, agribusiness, commercial, personal lines, and benefits into the Inszone network. Founded in 1966 …
Florida, Hit by Obamacare Drop-Off, Feels the Squeeze of Health Care Costs
Florida chef Elijah Button was chopping onions in June when his knife slipped and sliced his middle finger to the bone. It was his worst kitchen accident to date. But having given up his Affordable Care Act health insurance plan …
Tropical Storm Dolly Forms in the Atlantic, Not Named After Dolly Parton
Tropical Storm Dolly formed in the Atlantic far from land, making it the fourth named storm this season, forecasters said. The name is quite a coincidence, but has no connection to country music star Dolly Parton, who died this week. …
Florida AG Rejects Meta Settlement but Takes $1.2M From Deloitte Over DEI
Florida’s attorney general this week rejected the $18 billion settlement with Meta, calling it too soft on the social media giant formerly known as Facebook. Florida will pursue its own litigation against Meta. “The payouts to the states are peanuts …
Auto and Home Insurance Consumers Getting Used to Using AI: JD Power
“Just as we’ve seen with the internet and mobile apps, AI is rapidly becoming a critical conduit to key policy shopping, research and account management decisions among auto and home insurance customers,” said Tony Soloman, director, insurance intelligence at JD …
Meta Settlement Opens New Front in Global Fight Over Social Media Harm
Meta’s move to restrict teenagers’ use of social media in the U.S. shows companies have tools to better protect young people online, Australian officials said on Thursday, while in the Philippines, an official said the U.S. company had pledged to …
Romania Probes Cause of Black Sea Cargo Ship Sinking
A merchant ship caught fire and sank off the coast of Romania in the Black Sea on Thursday evening, likely after being hit, Romanian President Nicusor Dan and authorities said. The Romanian Border Police on Friday confirmed the fire on …
War in Iran Continues to Drive Interest in Renewables
Six months after US-Israeli strikes disrupted Middle Eastern fossil fuel production and turned the Strait of Hormuz into a naval battleground, the world is getting a fuller picture of how the Iran war has reshaped the economics of energy. A …
Police Reports Undercount Cellphone Use Before Crashes: Study
A new study drawing on telematics data confirms that far more drivers are using cellphones in the lead-up to crashes than is reflected in police reports, according to the Insurance Institute for Highway Safety. The data, derived from driver-enrolled safe-driving …
