Insurance
Two Years in, Ortiz Steps Down as CEO of Florida Re
Alvaro Ortiz, the CEO of Tampa-based Florida Insurance and Reinsurance Co. since it was formed in 2024, has resigned from the fledgling company without a public explanation or indication of what comes next. “After careful consideration, I have made the …
Read More California Utility Says It’s Offered $750M in Program for Eaton Fire Victims
Southern California Edison announced that more than $750 million has been offered through its Wildfire Recovery Compensation Program to compensate people impacted by one of the massive 2025 Los Angeles wildfires. The company said there’s continued interest in its voluntary …
Read More Federal Appeals Court Rules New Jersey’s Assault Weapons Ban Is Unconstitutional
A federal appeals court ruled Friday that New Jersey’s bans on assault firearms and magazines that can hold more than 10 rounds are unconstitutional. This is the first time a federal appeals court has struck down a state ban on …
Read More Iran Renews Attacks on Gulf States After Another Night of US strikes
Iran launched more attacks on Washington’s Gulf allies on Saturday after a seventh straight night of U.S. strikes targeting Iranian military sites including logistics facilities, escalating the war one week after a ceasefire fell apart. Kuwait came under sustained attack, …
Read More New Flooding Haunts Texas Hill Country a Year After Historic Disaster
Soyla Reyna stood outside Calvary Temple Church, taking a momentary respite from hours of manning the flood displacement shelter at her home church in Kerrville on Thursday. “A lot of it was unbelievable,” she said as the rain outside the …
Read More Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Second quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly from severe storms, were $518 million compared with $927 million for …
Read More Air Taxi Service Across Parts of Florida Moving Closer to Reality
The long-awaited future moved a little closer to the present this week when officials in Kissimmee, Florida, unveiled new infrastructure to support an air taxi/flying car service in coming years. “We will go from the Orlando area to Tampa within …
Read More Texas Floods Kill Two, More Storms Forecast for Overnight
Mandatory evacuations across the Texas Hill Country are underway as life-threatening flash floods wreck bridges and roads with more heavy rain expected overnight. A wide swath of Texas is forecast to receive as much as eight inches (20 centimeters) of …
Read More People Moves: Canopius Hires Brown as Head of US Claims; World Insurance Names Milord Chief Broking Officer
Canopius Group, headquartered in Chicago, Illinois, hired Melanie M. Brown, who will join the business on August 3 as head of U.S. claims. She will report to the incoming Canopius Group Chief Claims Officer Steve Parry. Brown has extensive experience …
Read More Florida Man Charged With $159,000 in Fraudulent Insurance Claims
A central Florida man who has been cited for numerous traffic violations and who was once sued by State Farm in an auto accident subrogation case, has been charged with submitting more than $159,000 in fraudulent health insurance claims. Two …
Read More