INSURANCE NEWS
A Quieter Hurricane Season This Year Could Still Pummel the US Power Grid
Meteorologists are forecasting about 13 named Atlantic storms this season, or a little less activity than average. That sounds like good news for the US power grid and everyone who relies on it. But a look back at recent years …
Reporting Shows Georgia Officials Knew Carpet Mills Polluted Local Water
Starting in the 1970s, the textile mills of northwest Georgia relied on chemicals known as PFAS to add stain resistance to the carpets they manufactured. Some of the chemicals that didn’t stick were flushed with the multibillion-dollar industry’s wastewater into …
Long-Time Insurance Regulator and Leader Eric Cioppa Passes Away in Maine
Eric Cioppa, a respected former national and Maine insurance regulatory leader, passed away from Multiple System Atrophy on May 1 at his home in China, Maine. Cioppa’s career included 33 years at the Maine Bureau of Insurance. He began in …
Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M
Root Inc. reported a first quarter 2026 net income of $35.9 million—the best quarterly result in the company’s history—compared with net income of $18.4 million for the same period in 2025. In a letter to shareholders, Root Inc, the parent …
Sandy Hook School Safety Program Draws 400K Anonymous Tips, Teaches Red Flags
Less than two years after her 6-year-old son was killed at Sandy Hook Elementary School in 2012, Nicole Hockley was in an Ohio church basement teaching the first class of a program she hoped would help prevent future school shootings. …
Thieves Are Stealing Chile’s Solar Panels and Cashing In on the Black Market
Just before midnight, two men in white coveralls and black gloves scale an electric fence at a solar farm in Chile’s Atacama Desert, then slip soundlessly into rows of sleek panels. Others use a poultry shear and electric angle grinder …
Iran Sets Out Process for Hormuz Transit But Shipowners Are Wary
Iran has laid out an updated process for ships seeking to transit Hormuz, but several shipowners said they remained cautious about sending their vessels through until there are more details about the conditions that may be imposed. Iran’s Islamic Revolutionary …
One CMA CGM Vessel Attacked While Transiting Strait of Hormuz, Another Exits Gulf
A CMA CGM container ship was attacked while transiting the Strait of Hormuz, injuring crew members and damaging the vessel, while another vessel run by the French group exited the Gulf, as the U.S.-Iran conflict continued to disrupt shipping traffic. …
EU Countries, Lawmakers Clinch Provisional Deal on Watered-Down AI Rules
EU countries and European Parliament lawmakers on Thursday agreed to watered-down landmark artificial intelligence rules, including delaying their implementation, in a move which critics say shows Europe caving to Big Tech. The tentative agreement, which needs to be formally endorsed …
People Moves: Ryan Specialty Underwriting Managers Names Anthony President of US Assure; CRC Group Adds to Specialty Team
Ryan Specialty Underwriting Managers Appoints Anthony President of US Assure Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, appointed Amber Anthony as president of US Assure. Anthony will continue to oversee marketing, sales and distribution in …
Lawyers, Traders Among 30 Charged in Global Insider Trading Case
Federal prosecutors on Wednesday announced that 30 people, including corporate lawyers and financial professionals, have been indicted in connection with an insider trading scheme that relied on information about mergers stolen from major law firms. Nineteen people were arrested, including …
Ultimate Guide to Travel Insurance for Complex Times
John Popovics thought he’d done everything right. Earlier this year the University of Illinois at Urbana-Champaign civil engineering professor was planning a trip to Riyadh, Saudi Arabia, to take part in a National Science Foundation workshop. Because the costs were …