INSURANCE NEWS

Trump Insists Iran Deal Is Close After Scrapping New Strikes

President Donald Trump pulled back threatened military strikes against Iran, a stark reversal that came just hours after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure. US forces had already pounded Iran …
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People Moves: CRC Specialty Names Levy National ExecPro Leader; GEICO Names Foy CFO; Geller to Lead Wholesale Financial Lines at AXIS

CRC Specialty Names Levy National ExecPro Leader CRC Group appointed Florence Levy as national ExecPro leader. She will lead the continued growth and development of CRC Specialty’s ExecPro practice. She will work closely with brokers, carrier partners, and company leadership. …
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Supreme Court Shields Investment Funds From Shareholder Lawsuits

The US Supreme Court shielded funds from some investor lawsuits, ruling that an 86-year-old federal statute doesn’t authorize shareholders to sue over bylaws and management decisions. Voting 6-3, the justices on Thursday blocked activist investors from suing 11 closed-end funds, …
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South Korea Fines Coupang Record $409 Million for Data Breach

A South Korean regulator fined the country’s largest e-commerce platform, owned by US-listed Coupang Inc., a record 624.7 billion won ($409 million) for a wide-ranging cyber-intrusion that escalated into a diplomatic tiff with the US. The Personal Information Protection Commission’s …
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Markets/Coverages: Distinguished Programs Expands Into Reinsurance Led by DiPaola

Distinguished Programs, a national managing general agent (MGA) and insurance program manager, has expanded into the reinsurance market with the addition of Distinguished Reinsurance. The new platform has launched with its first group focused on property reinsurance, led by Frank …
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Motorists Sue NY County Over 1.6 Billion License Plate Scans

A coalition of civil rights groups on Tuesday asked a state judge to order one of New York’s largest suburban counties to stop its deployment of nearly 600 license plate readers, calling it a warrantless and “indiscriminate surveillance system” that …
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California Company Paying $3.3M to Resolve False Claims Allegations

California medical providers and their medical director have agreed to pay $3.3 million to settle allegations they submitted claims to healthcare programs and commercial insurers for services that weren’t provided or supervised. San Francisco-based Circle Medical Care of California, Circle …
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Nebraska Settles With Company Regarding Overpriced COVID Tests

Nebraska Attorney General Hilgers announced a $4.87 million multistate settlement with GS Labs that resolves claims that the testing company overcharged patients, unlawfully charged administrative fees, and failed to deliver timely COVID-19 test results. The multistate coalition investigated a number …
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Union Bay Acquisition Acquires Michigan-Based Arlington Agency

Union Bay Acquisition, an aggregator of insurance agencies, has acquired the assets of Arlington Agency, Inc., based in Livonia, Michigan. Terms were not disclosed. This is Union Bay’s eighteenth acquisition, and fifth in the state of Michigan. Arlington Agency offers …
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Tesla’s Robotaxi Falls Short With Long Waits and Stalled Rides

When Elon Musk kicked off Tesla Inc.‘s quarterly earnings call in July 2025, robotaxis were top of mind. The carmaker had just launched its automated ride-hailing service several weeks earlier in Austin, to glowing early reviews from the hand-picked crop …
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Texas Governor Candidates Start Over Corpus Christi Water Woes

Corpus Christi’s impending water crisis — and delayed action by city leaders — has become an issue in the race for Texas governor, with Gov. Greg Abbott threatening a state takeover of the city and his Democratic opponent, Gina Hinojosa, …
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People Moves: Willis Re Names Former Guy Carpenter Exec Fletcher as CEO of Bermuda; Aon’s Reinsurance Solutions Announces Retirement of Thofern as CEO for Germany

This edition of International People Moves details appointments at Willis Re and Aon’s Reinsurance Solutions business. A summary of these new hires follows here. Willis Re Names Former Guy Carpenter Exec Fletcher as CEO of Bermuda Willis Re, an international …
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