INSURANCE NEWS
Coast Guard Rescues 3 Fishermen Whose Ship Sank in Maine’s Boothbay Harbor
The U.S. Coast Guard rescued three people from the water approximately 23 miles south of Boothbay Harbor in Maine on Wednesday morning. The Coast Guard Station Boothbay Harbor crew reported they located the vessel at 9:01 a.m. and rescued three …
Mississippi Jury Acquits Engineer Charged With Lying About 2017 Plane Crash
A jury has acquitted a former engineer overseeing military aircraft maintenance of charges of making false statements and obstructing justice during the criminal investigation of a 2017 military plane crash in Mississippi that killed all 16 service members aboard. James …
WTW: US Commercial Insurance Rates Moderate to 2.9% in Q4 2025
U.S. commercial insurance rates increased 2.9% in the fourth quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing continued to moderate in the fourth quarter, reflecting a more stable market,” said Yi …
World Faces Largest-Ever Oil Supply Disruption on Middle East War, IEA Says
The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a …
Officials Declare Barge Fire in Delaware Bay Under Control
The U.S. Coast Guard and the states of Delaware and New Jersey on Wednesday declared the barge fire in Delaware Bay under control. No injuries were reported for the incident. The barge was carrying salvage metal at the time of …
People Moves: Andover Cos. Names Nadeau, Duchette; Plymouth Rock Appoints Seaborn
The Andover Companies Names Nadeau SVP and CUO, Duchette SVP and CUO The Andover Companies, headquartered in Andover, Massachusetts, appointed Paul Nadeau as senior executive vice president and chief operating officer and Patrick Duchette as senior vice president and chief …
Natural Gas Boom Will Spur a Shortage of US Fracking Gear, Shale Boss Says
Rising US natural gas exports and soaring domestic demand for the power-plant fuel will lead to a shortage of fracking gear later this decade, according to the head of one the country’s top drilling contractors. Activity in US shale fields …
Warburg Pincus Is Said to Explore Options for Asian Insurer Oona
Warburg Pincus is considering options for Oona Insurance that might lead to a sale, according to people familiar with the matter, after receiving interest from other insurers and investment firms. The US private equity firm is working with Citigroup Inc. …
Oil Tankers Attacked Off Iraq as Middle East Crisis Worsens
Two oil tankers were hit in Iraqi waters, the latest in a string of attacks on ships in the Persian Gulf that are raising risks to global energy supply from the deepening Middle East war.The strikes on the vessels off …
People Moves: Church Mutual Names Pam Rushing as COO, Neil Ziegler to CUO – Admitted
Church Mutual Insurance Company announced two leadership promotions that reinforce the company’s focus on innovation and disciplined growth. Pam Rushing has been promoted to chief operating officer (COO), and Neil Ziegler has been promoted to chief underwriting officer – admitted. …
Jury Awards $667K to Muslim Men Pepper-Sprayed by Missouri Prison Guards
A federal jury on Monday awarded $667,000 in damages to a group of Muslim men incarcerated in Missouri who were pepper-sprayed by state correctional officers while praying. The lawsuit in eastern Missouri’s U.S. District Court alleged that the men had …
ExxonMobil Set to Move to Texas In Search of Business Friendly Environment
ExxonMobil is poised to move its legal headquarters from New Jersey to Texas in search of a more friendly business environment, the company announced Tuesday morning. The board of directors for the largest U.S.-based oil producing company, which already runs …