INSURANCE NEWS
Smoke From LA Warehouse Fire Affecting Residents, Businesses
Smoke continues to billow from a fire at a massive warehouse in Los Angeles, drawing complaints about air quality from residents and interrupting nearby businesses. A fire at a 491,000-square-foot cold storage warehouse located near homes in Boyle Heights continues …
Trouble at Surfside Began Weeks Before Deadly Condo Collapse, Final Report Finds
The deadly destruction of a Florida beachfront condominium actually started weeks before it collapsed into a pile of rubble in the middle of the night, killing 98 people on June 24, 2021, but the building had been vulnerable from the …
Rhode Island Opens Window to Civil Courts for Child Victims of Sexual Abuse
Rhode Island has joined more than two dozen other states that have enacted laws expanding access to civil courts for child victims of sexual abuse. Governor Dan McKee signed legislation amending the statute of limitations for child victim claims of …
Oman Opens Temporary Strait of Hormuz Shipping Routes, Says No Tolls Will Be Charged
Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region. …
Recent Floods Show Michigan Residents are Vulnerable to Flood Insurance Gaps
Tom and Diane Peterman tried to buy flood insurance when they moved to their retirement home on the shores of Black Lake 14 years ago but were told it wasn’t available. John Solum was told he wasn’t in a flood …
Aviva to Rebrand Lloyd’s Syndicate Probitas 1492 as ‘Aviva Syndicates’
Aviva, the UK-based insurer, announced it will rebrand Probitas 1492 as “Aviva Syndicates” marking a significant milestone in the integration of its Lloyd’s platform into Aviva’s Global Corporate & Specialty (GCS) business. The rebrand will see the syndicate operate fully …
Ship Insurers Set for Major Claims From Iran War, Allianz Says
The insurance industry is set to face significant claims for ships that were damaged during the Iran war, according to Allianz SE. The company said in its annual safety and shipping review that it had already received such claims stemming …
Fire tracking App Used by Millions Expands to Help Monitor Dangerous Floods
When a fire broke out a few miles from his Altadena, California, home the evening of Jan. 7, 2025, Matt Blea and his family needed to make a crucial decision: Should they stay home, or evacuate? A friend who did …
EU to Escalate Meta Probe Into Addictive Design That Hooks Kids
The European Union is set to ramp up an investigation into Meta Platforms Inc. that alleges its products are addictive to children, as the bloc increases regulatory pressure on the US social media company. The EU’s executive branch, the European …
Trump Orders US to Speed Quantum Adoption, Boost Cyber Defenses
President Donald Trump signed executive orders June 22 aimed at accelerating quantum research, laying the groundwork for federal agencies to adopt the technology and strengthen US defenses against cyberattacks. The orders would boost the US “as the world leader in …
How Insurers Know When It’s Time to Scale AI
After several years of experimentation with generative AI and machine learning, many carriers have moved beyond asking whether AI has a role in insurance. Instead, they’re grappling with a different question: How do organizations know when an AI pilot is …
Russia’s Wiki Warfare Tries to Distort Reality, Documents Show
Russian influence operators called it Project 2026. The plan wasn’t just to spread fabricated stories on social media platforms. It outlined efforts to create an alternative information ecosystem. Leaked documents from a private Russian agency reviewed by Bloomberg News reveal …