INSURANCE NEWS
French Fire Burns Near Bordeaux as Spain Fights Blazes
French and Spanish firefighters preparing to battle wildfires for a sixth consecutive day face worsening weather conditions as temperatures are forecast to rise further. With more than 300,000 people evacuated across the two countries through the weekend, a French official …
Viewpoint: Research Shows Australia Is Vulnerable to Attacks on Indian Ocean Shipping
The closure of the Strait of Hormuz in the US-Iran war has brought home how vital maritime trading routes are to a country like Australia, which conducts 99% of its global trade by sea. Protecting Australia’s supply of critical goods …
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers
For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea …
Trump’s New Tariffs Prompt Lawsuit From Small Businesses
The Trump administration is facing a fresh legal challenge to the president’s latest round of global tariffs that took effect Friday. Small businesses filed a pair of lawsuits in the US Court of International Trade accusing President Donald Trump and …
Abbott Defeats Shareholder Lawsuit Over 2022 Infant Formula Recall
A federal judge on July 24 dismissed a lawsuit accusing Abbott Laboratories of defrauding shareholders by downplaying and trying to evade its responsibility for a 2022 recall of powdered infant formula, and lying about its commitment to quality and product …
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks
Dozens of boats in a marina in Serbia’s northern city of Novi Sad floated in a green slurry — all that remained after the waters of the Danube receded by several hundred meters, while barges were moored in the deeper …
Saudi Arabia-Bound Supertanker U-Turns Before Houthi Chokepoint
A Hong Kong-flagged supertanker bound for Saudi Arabia’s Red Sea port of Yanbu has U-turned just before reaching the Bab el-Mandeb chokepoint, where recent attacks were launched by the Houthis as part of a blockade on ships linked to the …
Hispanic Neighborhoods in Florida Pay Much Higher Premiums, Consumer Group Says
Florida’s top insurance regulator and some insurance producers, including the former president of the Latin American Association of Insurance Agents, are questioning a report that suggests policyholders in Hispanic neighborhoods in the state pay much higher premiums. “While we acknowledge …
Texas Division of Workers’ Compensation Announces Staff Changes
The Texas Department of Insurance, Division of Workers’ Compensation announced leadership staff changes. DWC is launching a new program area, AI Innovation and Integration, focused on the responsible, mission-driven use of artificial intelligence to modernize processes and reduce administrative burdens, …
People Moves: Shepherd Insurance Names Kleymeyer as President of Employee Benefits
Shepherd Insurance announced that Matt Kleymeyer has joined the firm as the President of Employee Benefits, further strengthening the organization’s commitment to delivering innovative employee benefits solutions and exceptional client service. Based out of Shepherd’s headquarters in Carmel, Indiana, Kleymeyer …
Texas Panhandle Shaken by Strongest Earthquake to Hit the Region
A 5.0 magnitude earthquake rocked the Texas Panhandle early Thursday morning, one of the strongest recorded in Texas. Effects from the earthquake were felt throughout the rural region and as far as southern Oklahoma and New Mexico. According to the …
Cyclospora Outbreak Linked to Tainted Mexican Lettuce Widens
The cyclosporiasis outbreak that’s sickened thousands of people in the US is spreading further, as federal health officials linked four more states to tainted iceberg lettuce imported from Mexico. The US Centers for Disease Control and Prevention tied Illinois, Kansas, …