INSURANCE NEWS
The Best Climate Adaptation Methods Are Surprisingly Simple
As the effects of a hotter planet rack up more damages and health issues for people in exposed regions, the conversation around climate change is shifting from how to curb it to how to adapt to it. A new report …
Judge Rejects Business Group’s Challenge to Trump’s $100,000 H-1B Visa Fee
A federal judge on Tuesday rejected a challenge by the largest U.S. business lobby group to President Donald Trump’s $100,000 fee on new H-1B visas for highly skilled foreign workers, saying it fell under his broad powers to regulate immigration. …
Missouri Faces Legal Battle with China Over Pandemic Compensation
Missouri’s top prosecutor said China is suing after the state pressed federal officials for help collecting on a roughly $25 billion court judgment related to the COVID-19 pandemic. Attorney General Catherine Hanaway said in a news release that China is …
Zombie Ship Shows US Targeting Darkest Corner of Oil Fleet
A 27-year-old crude tanker that was supposedly scrapped in 2021 is due to reach Venezuela late this week, according to ship-tracking data, in the latest example of how the South American country keeps its embattled oil industry alive. The tanker …
Areawide Insurance Advisors Joins Leavitt Group Texas Select
Areawide Insurance Advisors has joined Leavitt Group Texas Select, strengthening the agency’s presence in the Bryan and College Station area with the added resources of Leavitt Group, a national brokerage. Mike Kilgore, owner of Areawide Insurance Advisors, will continue to …
South Texas Homebuilders Warn ICE Arrests Have Upended Industry
One morning in mid-November, Mario Guerrero, the executive director of the South Texas Builders Association, was checking a group chat when a video of federal agents detaining people from a construction site popped up. He watched the video of Immigration …
Explosion at Nursing Home in Pennsylvania Kills Two, Injures Others
An explosion at a Pennsylvania nursing home that caused the building to collapse and took the lives of two people and injured about 20 others is under investigation. The explosion occurred at Bristol Health & Rehab Center in Bristol Township …
Georgia Regulators Approve Huge Electric Generation Increase for Data Centers
Georgia’s only private electric utility plans to increase power capacity by 50% after state regulators on Friday agreed 5-0 that the plan is needed to meet projected demand from data centers. It would be one of the biggest build-outs in …
Massachusetts Approves Reorganizations, Mergers for Andover Companies
Massachusetts regulatory officials have approved a plan of reorganizations and mergers for two domestic mutual insurers, Merrimack Mutual Fire Insurance Co. and Cambridge Mutual Fire Insurance Co. The plan calls for a reorganization of each mutual as a domestic stock …
People Moves: Great Bay Insurance Group Makes Leadership Changes
The Great Bay Insurance Group, headquartered in West Atlantic City, New Jersey, named Brian S. Schleider executive vice president and chief financial officer. Schleider joined the group in March 2020 as chief financial officer. He has 35 years of industry …
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration
You’re just about as likely to find a commercial P/C underwriter or actuary who is unconcerned about the increased use of AI in insurance as you are to find one that’s afraid of being replaced by AI. That’s what a …
The Rise of Deepfake Cyberbullying Poses a Growing Problem for Schools
Schools are facing a growing problem of students using artificial intelligence to transform innocent images of classmates into sexually explicit deepfakes. The fallout from the spread of the manipulated photos and videos can create a nightmare for the victims. The …