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INSURANCE NEWS
Indiana Woman Pleads Guilty to Defrauding Elderly Victim of More Than $500K
An Indiana woman has pleaded guilty to wire fraud for her role in a six‑year scheme that targeted and financially devastated an elderly victim Shayna Williams, 51, of Westfield, was involved in a car accident with an elderly woman. Following …
AM Best Assigns Credit Ratings to Arkansas’ WoodStar Reciprocal Exchange
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to WoodStar Reciprocal Exchange (WoodStar), based in Little Rock, Arkansas. In addition, AM Best has assigned a Long-Term Issue Credit …
Antares’ CEO Michael van der Straaten Dies at 58
Antares, the specialist global re/insurance group, announced the death of its chief executive officer Michael van der Straaten. “It is with great sadness that we announce that Michael van der Straaten, CEO of Antares, passed away unexpectedly this weekend following …
Michigan Sues Water Services Company for Allegedly Submitting False Safe Reports
Michigan Attorney General Dana Nessel has filed a civil lawsuit against the president of water services provider Douglas Environmental for allegedly violating the Natural Resources and Environmental Protection Act (NREPA). Nessel contends that Brian Powell submitted false reports that did …
Texas Contractor Cited After Worker Dies in Elementary School Crawl Space
The U.S. Department of Labor has cited a building contractor and a staffing company for safety violations after a worker suffered fatal injuries while operating a mini-excavator beneath an elementary school in Converse, Texas. The department’s Occupational Safety and Health …
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls
Waking up in a Waymo comes as a shock. Ditto Kasendar remembers soft music drifting from the robotaxi’s speakers as he rode home late at night from a friend’s birthday party last year. The next moment, Los Angeles firefighters were …
After Biden Denied Alabama Coal Waste Bid, Trump Reverses Course
The Environmental Protection Agency on Monday proposed to approve Alabama’s application to take over issuing certain coal waste permits from the agency, part of a trend under President Donald Trump to transfer more authority from the federal government to states. …
Meta Used AI to Target Workers With Medical Conditions for Layoffs, Lawsuit Claims
Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs. The lawsuit, filed …
Russia Accuses Ukraine of Terrorism in Sea of Azov as Kyiv Opens New Front in War
Russia on Tuesday accused Ukraine of terrorism over its escalating attacks on shipping in the Sea of Azov, a route that handles about a quarter of its grain exports. Ukrainian drones hit 11 Russian vessels in the Sea of Azov …
States Sue to Block Paramount’s $110 Billion Warner Bros Discovery Deal
California and 11 states sued to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television. The lawsuit filed in Oakland federal court, …
Enterprise Risk Associates Buys up Florida-Based Insurance Solutions of America
Enterprise Risk Associates, the New York-based insurance brokerage that has focused on expansion through agency acquisitions, said it has acquired Insurance Solutions of America, headquartered in Oviedo, Florida. ISOA was founded in 2007 by Scott Lugering and Amber LaSota. It …
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success
The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year for the first time. According to a new report …
