INSURANCE NEWS
Stonetrust Workers’ Comp Expands Into North Carolina
Stonetrust Commercial Insurance, a workers’ compensation carrier based in Louisiana, has expanded into North Carolina, bringing to 13 the number of states in the Southeast and Midwest the company writes in. Stonetrust said in a statement that it is now …
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases
The 79-year-old former CEO of a health care software firm was sentenced to 15 years in prison after he was convicted of more than $1 billion in fraud tied to falsely billing Medicare for durable medical equipment and other items. …
People Moves: Chubb Overseas General Promotes DePeters to Lead Commercial Insurance, Specialty; BMS Taps Emkes From Lockton as Director of Commercial D&O
This edition of International People Moves details appointments at Chubb Overseas General Insurance and BMS Group. A summary of these new hires follows here. Chubb Overseas General Promotes DePeters to Lead Commercial Insurance, Specialty Chubb announced that John DePeters has …
Uber Safety Chief to Depart in Latest Executive Shakeup
The Uber Technologies Inc. veteran overseeing its safety operations is set to depart, setting off a second round of executive changes this year at a time when the rideshare giant is being scrutinized in court over the measures it takes …
AI, Cyber insurance and Climate Change Are Key Insurance Themes for 2026: GlobalData
Artificial intelligence (AI), cyber insurance, and climate change/natural catastrophes are the three themes that will have the biggest impact on the insurance market in 2026, according to an annual prediction from GlobalData, the London-based data and analytics company. “Insurers that …
NTSB Unclear Who Was at Controls in Jet Crash That Killed Biffle and 6 Others
Federal investigators are trying to figure out why a business jet carrying retired NASCAR driver Greg Biffle and six others tried to return to a North Carolina airport just after takeoff but plowed into light poles and a tree line …
Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics
A federal appeals court ruling last week could potentially help insurers find out who is truly behind litigation financing and medical clinics that are said to participate in auto accidents and insurance fraud. But more legislation is needed in many …
Climate Insurance Gap Is Widening – Leaving Marginalized Canadians Behind
Every year, extreme weather events wreak havoc across Canada, disrupting the lives of tens of thousands. Financial losses from these events have surged, surpassing $7 billion in 2024, due in part to climate change, asset accumulation and more people living …
Happy Holidays: 18,000 Delawareans Have Their Medical Debt Eliminated
Delaware Governor Matt Meyer reported results of Delaware’s medical debt elimination initiative, with nearly $19 million in medical debt abolished for more than 18,000 citizens thus far. The effort is supported by a $500,000 item in the 2026 fiscal year …
Private Credit Ratings Face Fresh Scrutiny From Global Watchdogs
The private credit industry is facing fresh scrutiny from top global regulators over some of the ratings being assigned to debt in the $1.7 trillion market, people familiar with the matter told Bloomberg News. The Financial Stability Board, which monitors …
Swiss Court Admits Indonesian Islanders’ Climate Case Against Cement-Maker Holcim
A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim, which alleges the company is doing too little to cut carbon emissions and hence contributing to global warming. Four residents of the …
UK Suspects Chinese Involvement in Foreign Office Cyberattack
The UK Foreign Office was hacked in October in an attack that British officials suspect was carried out by Chinese state-backed actors. The breach was first reported by the Sun newspaper, which said that a Beijing-linked group had accessed thousands …