INSURANCE NEWS
APCIA’s 2026 Agenda to Combat Legal System Abuse, Protect Insurance Affordability
The American Property Casualty Insurance Association (APCIA) announced its 2026 advocacy priorities, underscoring APCIA’s mission to advance private competitive markets to ensure access to affordable personal and commercial insurance protection. “APCIA’s mission statement reflects our unwavering dedication to safeguarding consumers …
Deadly Train Derailment in Mexico Hits Priority Rail Project
A train derailment in southern Mexico that killed 13 and injured dozens more is presenting President Claudia Sheinbaum with a fresh test to hold her government accountable. The Sunday accident hit a major rail line that was revamped and operated …
Ryanair Hit by €256 Million Fine in Italy Travel Agency Spat
Ryanair Holdings Plc was fined nearly €256 million ($302 million) by Italy’s antitrust watchdog for allegedly using an “abusive strategy” to thwart customers who booked through travel agencies. The Rome-based competition authority said Europe’s most popular airline imposed barriers such …
Coupang Offers $1 Billion Compensation for Data Breach Victims
Coupang is offering compensation worth more than $1 billion to all customers affected by South Korea’s biggest-ever data breach. The country’s biggest online retailer said on Monday it would soon start offering vouchers worth up to 50,000 won ($35) to …
China Fires Rockets Toward Taiwan in War Games Simulating Blockade
China fired rockets into waters off northern and southern Taiwan on Tuesday and deployed new amphibious assault ships alongside bomber aircraft and destroyers on the second day of its most extensive war games, a rehearsal for a blockade of the …
Longtime Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain
Tom Bodett, who for nearly four decades told travelers in radio and TV ads that at Motel 6 “we’ll leave the light on for you,” settled his lawsuit accusing the motel chain of using his name and voice without permission …
Grand Jury Declines to Indict Man in Shooting That Killed Teen at Ky. State University
A grand jury has declined to indict the father of two Kentucky State University students who was charged with murder in an on-campus shooting that killed one student and critically injured another. In a social media post after the Tuesday …
Stepbrother Suspect in Cruise Ship Death Says He Doesn’t Remember Anything
A 16-year-old boy being investigated in the death of his stepsister on a Carnival cruise ship last month has no recollection about what happened, according to text message exchanges between his parents filed in a custody court case in Florida. …
Board Calls for US Steel to Address Safety Issues as It Rebuilds Site of Fatal Explosion
The Chemical Safety and Hazard Investigation Board (CSB) has issued interim safety recommendations in connection with the agency’s ongoing investigation into the August 11, 2025, fatal explosion at U.S. Steel’s Clairton Coke Works facility in Pennsylvania. Although the CSB’s investigation …
People Moves: Igarashi Joins Alliant’s Western Region Benefits Team
Jaycy Igarashi joined Alliant Insurance Services as senior vice president within its employee benefits group. Based in Irvine, Igarashi has more than a decade of experience, most recently serving as a partner in employee benefits at The Baldwin Group. He …
Howden US Tells Judge Brown & Brown Employees Fled Due to ‘Mistreatment’
In a Christmas court filing, Howden US filed its response to a request by rival Brown & Brown for a temporary restraining order, saying the recent exodus of Brown & Brown employees to Howden US was “caused entirely by Brown’s …
CompSource Mutual Earns A Rating From AM Best
AM Best has affirmed CompSource Mutual Insurance Company’s Financial Strength Rating (FSR) of A (Excellent) with a Stable outlook. AM Best is the preeminent insurance credit rating service. CompSource Mutual is Oklahoma’s premier workers’ compensation provider. These rating renewals reflect …