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INSURANCE NEWS
Trump Administration Stalled a Survey of PFAS in Wastewater, Former EPA Officials Say
The Trump administration has stalled a study that would help regulators understand which industries dump harmful forever chemicals with their wastewater, according to two former agency officials who were involved in its development. A public notice shows the first of …
Amazon Accused in Lawsuit of Systematic Discrimination Against Pregnant Employees
Amazon.com was sued on Sept. 8 in a proposed nationwide class action accusing the retailer of systematically discriminating against thousands of pregnant employees, including by firing some it claimed took too much time off. According to a complaint filed by …
Intense Los Angeles Heat to Send State’s Power Demand Soaring
California faces a short but sharp rise in temperatures that will boost electricity demand as unusually warm nights offer little relief. Heat advisories will cover much of California’s coast and Central Valley, including the Bay Area and Los Angeles, through …
Washington Commanders Player Scores Workers’ Compensation Win
The Washington Commanders football team has failed to block a workers’ compensation claim in Maryland by a former defensive tackle injured at the team’s training facility in Virginia just three days after he was signed by the team. In 2024, …
People Moves: Conduit Hires Former Aspen Exec Dunleavy as CEO; Eckert Steps Down
Bermuda’s Conduit Holdings, the ultimate parent company of Conduit Re said Neil Eckert, its CEO and executive director will step down on Match 1, 2027. Former Aspen executive Christian Dunleavy will become the new CEO and join the board as …
Insured Loss Estimates Top $600M From Washington Fires, Testing New Commissioner
The wildfires that plagued Washington for nearly half the summer put new Insurance Commissioner Patty Kuderer and her office to a test. Kuderer has been in office for over a year-and-a-half. However, she’s relatively new considering her predecessor, Washington Commissioner …
TrueNorth Launches Property Program for Aging Community Associations and Apartments
TrueNorth Companies announced a new property program designed to help community associations and apartments owners, including affordable housing and student housing properties, secure broad coverage at a competitive price. As buildings get older, they lose access to standard insurance markets. …
People Moves: Church Mutual Names Parisi as VP – Head of Finance and FP&A
Church Mutual Insurance Company has named Ben Parisi vice president, head of finance operations and financial planning and analysis. Parisi will lead finance operations, expense management, procurement, payroll, financial planning and analysis, and management reporting. He will report to Daniel …
People Moves: Obusek Hired by Examination Resources as a Senior Manager
A longtime North Carolina insurance regulator, the woman who initially flagged billionaire Greg Lindberg’s raiding of his insurance companies’ reserves, plans to join an examination firm as a senior manager. Jackie Obusek, who spent 30 years with the North Carolina …
AI Could Pose ‘Existential’ Risk to Humanity, UN Rights Chief Warns
U.N. rights chief Volker Turk warned on Monday that artificial intelligence could pose a threat to humanity, and pledged to press AI firms to reduce risks that his office said included disruptions to services, communications and democratic systems. He called …
A $320 Million Hack Exposes the Cracks in Crypto’s Plumbing
The $320 million hack of the Bitcoin-linked Liquid Network is another dent to crypto’s reputation as the industry tries to convince banks and institutional investors that digital assets can become part of mainstream financial infrastructure. The damage extends beyond the …
Five Dead After Amazon Plane Overran Runway at Miami Airport
An Amazon cargo plane barreled off a runway at Miami International Airport on Sunday, killing at least five people and injuring five others as it struck vehicles and was engulfed in flames, authorities said. The aircraft overran the runway around …