INSURANCE NEWS
People Moves: RT Specialty Names Jacob as President of RT Connector
RT Specialty, the wholesale brokerage division of Ryan Specialty, announced that it has promoted Will Jacob to president, RT Connector, effective immediately. Jacob is based in Chicago. Jacob has been with Ryan Specialty for nearly 10 years and was most …
US Brings Criminal Charges Over Collapse of Baltimore Bridge
The U.S. government has filed charges against two Singapore firms and an Indian ship superintendent for criminal conspiracy and obstruction relating to the crash of the cargo ship Dali that caused Baltimore’s Key bridge to collapse in March 2024, killing …
Orion180 Expands in Salt Lake City
Orion180 Insurance is opening a new service center in Salt Lake City, Utah. The office will serve as a hub for customer experience, inside sales, claims intake and technology support operations. The expansion is Orion180’s third major facility. Orion180 chose …
Waymo Recalls Robotaxis After Vehicle Drove on a Flooded Road
Waymo is recalling thousands of robotaxis to fix a software issue that could cause the autonomous vehicles to drive on flooded roads. The recall affects 3,791 vehicles equipped with the company’s fifth- and sixth-generation automated-driving system, according to documents posted …
Nearly 7M Cars Have Unfixed Backup Camera Recalls: CARFAX
Recalls related to backup cameras have risen sharply, up by more than a million since the start of the year, according to CARFAX data. Nearly 7 million vehicles on U.S. roads have unfixed recalls on their backup camera system, which …
Brown & Brown Wins Temporary Injunction Against Howden
Brown & Brown late last week received a measured victory when a Minnesota judge granted the broker a temporary restraining order against rival broker Howden US, who stands accused of taking hundreds of employees from Brown & Brown. According to …
Family of FSU Mass Shooting Victim Sues OpenAI in Federal Court in Florida
The family of a man killed in a 2025 mass shooting at Florida State University has filed a lawsuit against OpenAI in a U.S. court, claiming the shooter was aided by ChatGPT in planning the attack. The family of Tiru …
NJ High Court Blocks Double Recovery of Future PIP Medical Benefits
New Jersey car accident victims cannot recover future medical expenses in a personal injury trial if the expenses do not exceed the state’s $250,000 no-fault personal injury protection (PIP) coverage limit, the New Jersey Supreme Court has ruled in a …
Munich Re Flags Up to €2.5 Billion Private Credit Exposure
Munich Re said it has investments of as much as €2.5 billion ($2.9 billion) in private credit, an asset class that has been facing fund redemptions and scrutiny of underwriting standards. Private credit “is about 1% of the asset portfolio …
Uncertainty Over Hantavirus Spread Complicates Efforts to Contain Cruise Ship Outbreak
Passengers from the Hondius cruise ship are being repatriated under a patchwork of measures that reflect uncertainty over how this strain of hantavirus spreads, complicating efforts to contain the deadly outbreak. Some passengers are being placed in biocontainment units, notably …
Viewpoint: Here’s How to Bring Cross-Border Growth, Regional Systems Under Control
Cross-border insurance programs are both commercially attractive and operationally demanding. Acquiring new businesses, adding geographies, teams, products, lines of business, and partners is a real opportunity for growth. But most insurance platforms are traditionally optimized for local taxes, language, currency, …
Worst Start to Wildfire Season Raises Alarm as El Niño Threatens
Record-breaking heat and drought have fueled the world’s worst ever start to a wildfire year, as climate change and a developing El Niño threaten to push extreme weather to new heights. Over the first four months of this year, more …