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INSURANCE NEWS
Business Interruption Claims Arising From the Middle East Conflict
The current conflict in the Middle East has been as disruptive commercially as it has been geopolitically. Many businesses operating in the region are suffering from a combination of sharp demand declines, blocked routes to market, surging input costs, and …
Scam Messages Are Offering Ships Safe Transit Through Hormuz, Security Firm Warns
Fraudulent messages promising safe passage through the Strait of Hormuz in exchange for cryptocurrency have been sent to some shipping companies whose vessels are stranded west of the waterway, Greek maritime risk management firm MARISKS has warned. The U.S. has …
Record 165 GW of Wind Power Capacity Added in 2025, Led by China, Report Says
The global wind industry installed a record 165 gigawatts of new capacity last year, up 40% from 2024 and mostly driven by China, a report by the Global Wind Energy Council said, adding this still lagged the pace needed to …
Trump signs order to speed review of psychedelics
President Donald Trump on Saturday directed his administration to speed up reviews of certain psychedelic drugs, including ibogaine, which recently has been embraced by combat veterans and conservative lawmakers despite having serious safety risks. Ibogaine and other psychedelics remain banned …
Supreme Court Rebuffs Challenge to Class-Action Status of Bank Collusion Suit
The U.S. Supreme Court declined on Monday to hear a bid by Bank of America and seven other major financial institutions to prevent American cities from banding together in a $12 billion class action accusing them of artificially inflating interest …
Tariff Refund System Launches as Thousands of Companies File Claims
The refund system set up to allow companies to recover illegally collected tariffs from the U.S. government went live on Monday as thousands of companies rushed to file claims. “So far, so good” – though the system is a little …
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic?
The final tally for the 2025 Atlantic hurricane season ended up including eight tropical storms, one category 4 hurricane (Gabrielle) and three category 5 hurricanes (Erin, Humberto, Melissa). Only one event, Hurricane Imelda, fell into the intensity classes sometimes described …
Woman Allegedly Took Disability Benefits From Conn. Job While Working Another in Mass.
A Massachusetts woman has been arrested and charged with illegally collecting workers’ compensation benefits while being employed at a storage facility in Connecticut. The Connecticut Chief States Attorney’s office reported that Mackenzie Coonan, of Rutland, Massachusetts, was arrested by inspectors …
California Commissioner Advances Proposal to Overhaul Intervenor Process
California Insurance Commissioner Ricardo Lara and the California Department of Insurance are continuing to try and revamp the state’s intervenor process, in which groups or people are paid for intervening in rate hearings. Lara and the CDI submitted the Intervenor …
People Moves: Swingle Collins & Associates Appoints Curtis as CEO
Swingle Collins & Associates announced the appointment of Dan Curtis as Chief Executive Officer, effective March 31, 2026. In conjunction with the appointment, Founder and CEO Frank Swingle will transition to the role of Executive Chairman, where he will continue …
Low-Producing Oil Wells Cause Headaches for Texans
Some Texas oil wells gush hundreds of barrels of oil a day. But many are like the wells on Jackie Chesnutt’s ranch in West Texas that only trickle out a couple barrels a month. Chesnutt, a retired engineer, claims the …
Destructive Winds and Tornadoes Leave Trail of Damage Across Midwest
A trail of damaged homes and buildings dotted a wide swath of the U.S. on Saturday after a burst of destructive winds and reported tornadoes tore off roofs, uprooted trees and rendered rural roads impassable with debris. No deaths were …
