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INSURANCE NEWS
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens
Record-breaking heat and drought have fueled the world’s worst ever start to a wildfire year, as climate change and a developing El Niño threaten to push extreme weather to new heights. Over the first four months of this year, more …
Ex-NFL Player Sentenced to 16 Years in Prison for $200M Medicare Fraud Scheme
Rufus French, a former NFL player who starred at Ole Miss, was sentenced last week to over 16 years in prison for orchestrating a years-long scheme to scam government agencies out of nearly $200 million by selling patient information and …
Polluters to Win Protection Against Legal Action in New Zealand
New Zealand’s government plans a law change to prevent private legal action against greenhouse gas emitters, arguing cases have created business uncertainty and deterred investment. The amendment will impact current and future proceedings before the courts, including a case brought …
Peace Deal Hopes Fade After Trump Rejects ‘Garbage’ Iran Counterproposal
Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the …
Netflix Sued by Texas for Allegedly Spying on Children, Addicting Users
Netflix NFLX.O was sued on Monday by Texas Attorney General Ken Paxton, who accused the streaming company of spying on children and other consumers by collecting their data without consent, and designing its platform to be addictive. Texas said that …
Iran Says It’s Deployed Mini Subs in Contest to Control Hormuz
Iran says it’s deployed small submarines to act as an “invisible guardian” of the Strait of Hormuz amid a series of rejected peace deals between Tehran and the US. The Islamic Republic has at least 16 of the Ghadir-class midget …
Judge to Review Musk, SEC Settlement Deal in Twitter Stake Case
A federal judge is asking for more information about a proposed settlement between Elon Musk and the US Securities and Exchange Commission, after the billionaire agreed to pay $1.5 million to end a lawsuit alleging he waited too long to …
US Asks to Keep Collecting Trump’s New Tariffs After Court Loss
The Trump administration asked the US trade court to pause a ruling that declared the president’s latest 10% global tariffs unlawful while the government appeals, meaning importers would keep paying the levies while the legal fight continues. In a 2-1 …
Viewpoint: When Coverage Isn’t Enough: Where 831(b)s Fit in on Business Continuity
Across the insurance landscape, a familiar tension is playing out. Interest in captives and alternative risk solutions is rising, even as many small and mid-size businesses still miss the basics when premiums spike, disasters hit, or litigation arises. The result …
NYC Moves Closer to Rent Freeze Promised by Mayor Mamdani
New York City’s Rent Guidelines Board voted to set a 0% to 2% range for rent increases for roughly one million stabilized apartments, putting Mayor Zohran Mamdani’s pledged freeze within reach. The nine-member panel approved the preliminary range for one-year …
Oregon Democrats Improved Roads, But Now Their Gas Tax Goes Before Voters
Appealing to voters’ anxieties about the soaring cost of living is central to Democrats’ messaging in their hopes of big wins in this year’s midterm elections. In Oregon, a question on the primary ballot is complicating that strategy. The Democratic-controlled …
Frontier Jet Hit And Killed Pedestrian on Denver Runway
A Frontier Airlines passenger jet struck and killed a pedestrian on a runway at Denver International Airport during a planned takeoff for Los Angeles late on Friday, the airport said in a statement. The Frontier flight reported striking an individual …
