INSURANCE NEWS
Alabama DOI Expands Policy Cancellation, Nonrenewal Prohibitions
Property insurers in Alabama will no longer be able to cancel or non-renew policies because of natural disasters or because of losses that don’t affect that line of business, the Alabama Department of Insurance announced in a recent bulletin. Personal …
QBE Insurance Sponsors US$400M Catastrophe Bond via Bridge Street Program
QBE Insurance Group announced it has closed a new catastrophe bond, which provides the re/insurer with $400 million of collateralized reinsurance cover for named storms and earthquakes in the US and earthquakes in Australia and New Zealand. This deal marks …
US Justice Department Using Fraud Law to Target Companies on DEI, WSJ Reports
The Trump administration has launched investigations into the use of diversity initiatives in hiring and promotion at major U.S. companies, the Wall Street Journal reported. Google and Verizon are among a list of companies that have received Justice Department demands …
Abundant Reinsurance Capacity Accelerates Market Softening During 1/1 Renewals
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the January 1, 2026 renewals, according to a report issued by Guy Carpenter, the reinsurance business of Marsh. Carpenter described a “softening market shaped by capital growth, …
Father of NASCAR Great Hamlin Killed in NC House Fire That Destroyed Home
The father of longtime NASCAR driver Denny Hamlin died from a house fire and his mother was left in critical condition after the blaze consumed the couple’s home near Charlotte. Multiple news outlets reported that the 3,700-square-foot house in Stanley, …
Colorado Faces $24M Funding Cut for Illegal Commercial Driver’s Licenses
The head of the U.S. Department of Transportation threatened to withhold $24 million in federal funding from the state of Colorado for what he described as a slow response to a major violation of federal commercial driver’s license regulations. Transportation …
Texas Camp’s Reopening Draws Outrage, but Some Families Want to Return
Patrick Hotze’s three daughters made it home safe from Camp Mystic after July’s catastrophic floods that killed 25 campers and two teenage counselors. He attended some of the funerals and says he understands the outrage over the Texas camp’s plan …
Verisk Pulls Plug on $2.4 Billion AccuLynx Deal After FTC Review Delay
Data analytics firm Verisk said it pulled the plug on its planned $2.35 billion acquisition of roofing software maker AccuLynx, pinning the termination on a regulatory review delay. Verisk said the decision follows a notification from the U.S. Federal Trade …
Nuclear Developer Proposes Using Navy Reactors for Data Centers
A Texas power developer is proposing to repurpose nuclear reactors from Navy warships to supply the US grid as the Trump administration pushes to secure massive amounts of energy for the artificial intelligence boom. HGP Intelligent Energy LLC filed an …
‘Bomb Cyclone’ Knocks Out Power to Thousands in Northern US
A winter storm that brought intense winds and rapidly falling temperatures to the Northern US including New York has left more than 200,000 customers without electricity. A weather pattern known as a “bomb cyclone” because of large drops in air …
Funding Cuts Put America’s Consumer Watchdog on the Brink of Collapse
When Bianca Jones, a 33-year-old special education teacher in Memphis, Tennessee, decided a couple of years ago that she wanted to buy a house, she started digging into her Experian credit report. She was shocked by what she found. Her …
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup
A shipment of lobster meat worth $400,000 that was being held in a Massachusetts cold storage facility never made it to the Costco stores in the Midwest where it was supposed to be delivered. Instead, it appears it was stolen …