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INSURANCE NEWS
Illinois Governor Signs AI Regulation Bill That Aims to Mitigate Risks
Gov. JB Pritzker signed artificial intelligence legislation modeled after similar bills in California and New York on Monday, furthering a push for a state-driven national framework in lieu of federal regulations. “Congress and the president ought to be passing similar …
Texas Lawmakers Continue Push to Ban TCH Products
The Texas Senate Committee on Health and Human Services held a public hearing Tuesday to gather information that will shape future legislation on THC products sold in the state. Lawmakers made arguments against THC that harkened back to the days …
AM Best Revises Outlook to Positive for Illinois’ National Group
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of OMS National Insurance Company, …
Brown & Riding Launches National Private Client Practice
Brown & Riding this week announced the launch of its new national Private Client Practice, a specialty practice area focused on affluent personal lines risks. The practice is led by Courtney Kerr, a seasoned private client professional, and backed by …
People Moves: HDI Global US Names Chief Underwriting Officers
HDI Global (HDI) said it has strengthened its underwriting leadership team in the U.S. with the appointments of Bevan Greibesland as chief underwriting officer, specialty lines, and Bruce Griffin as chief underwriting officer, long tail lines. Greibesland joined HDI in …
Boston Joins Suits Against Social Media Giants Alleging Harm to Students
Mayor Michelle Wu announced that the city of Boston, on behalf of Boston Public Schools (BPS), has filed a lawsuit against Meta and other social media companies, including TikTok, Snapchat, and YouTube, alleging that these platforms deliberately target minors with …
Hormuz Ship Insurance Demand Drops as Owners Get Nervous
London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen, in a sign of growing caution from shipowners as the US and Iran exchange attacks. …
California Bill to Enable Insurers to Use Driver Telematics Is Making Its Way Through Legislature
A California bill to enable carriers to offer auto insurance discounts for good driving behavior in is making its way through state Legislature. Assembly Bill 311 would amend the state’s bedrock insurance law, Proposition 103. The bill, the Consumer Driving …
Honda’s Insurance Agency Operations Stall, Services ‘Paused’
About a year after launching, Honda Insurance Solutions is no longer in operation. Started as a licensed insurance agency for Honda and Acura owners in July 2025, Honda Insurance Services worked with brokerage VIU by HUB to offer quoting and …
Viewpoint: Insurance, Cyber Security Are Twin Pillars of Resilience for iGaming Industry
Executive summary: Once seen as niche, the iGaming, or the online gambling and sports betting industry, has come of age — now a regulated global market, expanding rapidly and attracting mainstream attention. In this article, Elizabeth Grima of the specialty …
Amwins and Dragoneer Consortium Reaffirm $5.3B Bid for Australia’s Steadfast
Australia’s Steadfast said on Thursday that Amwins Group and Dragoneer Investment had reaffirmed their takeover proposal valuing the insurance broker at A$7.7 billion ($5.34 billion), prompting a four-week extension of the exclusivity period. Here are some details: The consortium reaffirmed …
Hormuz Ship Traffic Grinds to Near Halt After US, Iran Strikes
Traffic through the Strait of Hormuz came to a near standstill on Thursday, after the US struck Iran for a second straight day as a fragile truce between the two sides looked increasingly shaky. Observable movements in the world’s most …
