INSURANCE NEWS

FSB Watchdog Flags Risks in Banks’ Growing Private Credit Ties

The fast-growing private credit industry’s deepening links with traditional banks and asset managers create risks to the global financial system, the global Financial Stability Board watchdog said on Wednesday, warning some broader measures showed upwards trends of defaults. Signs of …
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Louisiana Directive Requests Annual Reporting of Personal Lines Data

Louisiana Insurance Commissioner Tim Temple on Tuesday issued a directive to residential property and personal auto insurers for mandatory annual reporting of policies. Beginning in 2026, data submissions are required on an annual basis, replacing the previous quarterly reporting requirement. …
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10 Hospitalized After Chemical Leak at Louisiana Business

Ten people were hospitalized after a valve malfunction led to a chemical leak at a Louisiana business on Tuesday, May 5. The Louisiana State Police Emergency Services Unit responded to a hazardous materials incident in Duson at approximately 7 a.m. …
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Tech Update: Corgi Fills AI Risk Gaps; Gallagher Touts AI-Human Sales Blueprint; Cogitate AI and Vital Protect Medical Practices

Corgi AI Coverage Fills Gaps Left by Traditional Tech Coverage From autonomous agents making financial decisions to models generating customer-facing content, AI systems are no longer just experimental, they are operational. But what happens when one of these systems malfunctions, …
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FAA Proposes Limits on Drone Flights to Address Security Worries

The Trump administration is proposing rules to tighten security against rogue drone flights. Owners of certain facilities such as energy plants, oil refineries, state prisons and amusement parks would be able to request restrictions on drones near their sites under …
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Microsoft, Google and xAI to Give Government Early Access to AI Models

Microsoft, Google and Elon Musk’s xAI agreed to give the U.S. government early access to new artificial intelligence models for national security testing, as U.S. officials grow alarmed by the hacking capabilities of Anthropic’s newly unveiled Mythos. The Center for …
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EEOC Lawsuit Claims NY Times Wrongly Denied White Male Editor a Promotion

The New York Times was sued on Tuesday by the U.S. Equal Employment Opportunity Commission, which accused the newspaper of passing over a white man for a top editorial role because of his race and gender, in order to meet …
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Bird Flu May Spread Through Air on California Dairy Farms, Study Finds

Air and wastewater may help spread bird flu on California dairy farms, according to a study that points to more transmission routes than previously understood. Researchers sampling 14 infected farms found the H5N1 virus in the air during milking, in …
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Electrical Fire Closes Broadway Theater Showing ‘The Book of Mormon’

A fire broke out Monday in the Broadway theater that hosts “The Book of Mormon,” forcing the long-running musical to close, at least temporarily, as the historic venue undergoes repairs. The blaze, which began in an electrical room, caused “substantial …
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People Moves: Society Insurance Names Kohli as VP of Information Technology

Society Insurance announced that Kshitij Kohli has joined the organization as vice president of information technology. In this role, Kohli will lead Society’s technology strategy and execution, with responsibility for core systems, infrastructure, cybersecurity and technology investments aligned with business …
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TWFG Acquires Texas-Based Asset Protection Insurance Associates

TWFG announced that it has acquired Asset Protection Insurance Associates. This acquisition combines APIA’s deep specialization in the MGA space, and its highly client‑centric operating model, with TWFG’s expansive platform, resources, and growth infrastructure. By combining organizations, Castroville, Texas-based APIA …
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Railroad Wrongfully Suspended Worker for Reporting Collision: OSHA

A U.S. Department of Labor whistleblower investigation has found that a railroad company wrongfully suspended an employee for reporting a train collision and safety concerns, in violation of the Federal Railroad Safety Act. The department’s Occupational Safety and Health Administration …
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