Insurance

Australia is bracing for catastrophic fire risk in parts of Victoria on Friday as the country swelters through its worst heat wave since the Black Summer bushfires in the summer of 2019 and 2020. Temperatures rose above 45C (113F) in …

A US lawmaker is proposing legislation that would require manual door releases in new cars, a move to address growing safety concerns with the type of electrically powered handles popularized by Tesla Inc. The measure from Representative Robin Kelly, an …

Nestle’s recall of some batches of infant nutrition products has widened beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa, a tally from the company and national food safety statements show. No illnesses have yet …

A German pension fund whose foray into private markets led to losses that totaled half of the fund’s assets has begun legal proceedings against its former auditor, an adviser and its own managers to recover the damages. The fund known …

The California Commission on Health and Safety and Workers’ Compensation elected CHSWC Commissioner Nicholas Roxborough as the chair of the commission for 2026. Roxborough is the managing partner of Roxborough, Pomerance, Nye & Adreani, LLP. He specializes in representing insured …

Berkshire Hathaway said Jan. 6 that it raised the salary of new Chief Executive Greg Abel to $25 million, far exceeding the $100,000 annual salary that his predecessor Warren Buffett accepted for more than four decades. Abel, 63, became chief …

Germania Insurance announced the placement of its first catastrophe bond, issued through Handshake ReLtd., as part of the company’s broader reinsurance and capital management strategy. The transaction became effective Jan. 1, 2026. The catastrophe bond provides $100 million of per …

The MEMIC Group announced the successful closing of its acquisition of The Dakota Group, including Risk Administration Services, Inc. and its affiliated service companies. The strategic combination positions MEMIC as the third-largest multi-state workers’ compensation specialist in the United States, …

A bill that promises legislative reform in California to speed up disaster recovery for homeowners and renters through improved insurance coverage and expanded consumer protections was introduced on the anniversary of the Los Angeles wildfires. The Disaster Recovery Reform Act, …

The U.S. seized an empty Russian-flagged, Venezuela-linked oil tanker in the Atlantic Ocean on Wednesday as part of President Donald Trump’s aggressive push to dictate oil flows in the Americas and force Venezuela’s socialist government to become an ally. After …