INSURANCE NEWS
ICT and State Farm Launch Campaign to Combat Rising Vehicle Theft in Texas
The Insurance Council of Texas (ICT) and State Farm are partnering for the 2025 Lock It Down! campaign—an ongoing statewide effort to reduce motor vehicle theft, burglary, and fraud-related crime. This year’s campaign includes a new component: parking lot signs …
Homesellers Pull Listings Off Market as Interest Fades
Homesellers in the US are yanking listings off the market, as the nation’s real estate sector stagnates. Nearly 85,000 sellers removed their properties in September, the highest number for that month in eight years, according to Redfin. The number of …
Surge in Water Demand Could Put Ohio Farmers and Industry on Collision Course
Deep inside a report on the future of water in central Ohio is this warning: Industrial demands for water will skyrocket at the same time experts expect farmers will need to regularly irrigate their fields during the critical growing period …
Amazon Delivery Company Sued in Michigan for Disability Discrimination
ALM Freight, LLC, an Amazon Delivery Service Partner company, and LMDmax Corp., violated federal law at ALM’s Pontiac, Michigan facility by failing to provide a reasonable accommodation for a deaf job applicant after she requested an American Sign Language (ASL) …
Texas Youth Camps Urged to Address Mental Health as Part of State Safety Mandates
Texas officials are requiring youth camps to have weather alert systems, mandated emergency preparedness plans, and various communication methods to help children and their families feel safe when they return this summer. But one thing is still missing from the …
Most Consumers Aware and Worried How Litigation Increases Insurance Cost
The message appears to be getting through to consumers: Excessive insurance litigation is not good for insurance costs. According to a new survey from the Independent Insurance Agents & Brokers of America (the Big I), 64.3% of those surveyed are …
Businessman, Former Federal Insurance Co. Attorney Hit With $50M Florida Verdict
In a lawsuit begun more than a decade ago and which led to counter-suits, appeals to the Florida Supreme Court and attention from national tort-reform groups, a Palm Beach County jury has awarded more than $50 million to the former …
UK Insolvencies Surge as Higher Business Costs Deepen Strain
UK insolvencies are rising sharply, with a leading trade credit insurer saying any new government policies that stand to raise business costs risk further pressuring vulnerable sectors. The increase reflects the impact of measures announced in last year’s budget, including …
Three Swiss Insurers Added to G20 Watchdog Resolution Plan List
Zurich Insurance, Swiss Re, and Swiss Life have been added to a list of insurance firms that must develop resolution plans in case of insolvency, the G20’s financial watchdog said on Tuesday. The Financial Stability Board published an updated global …
Trucordia Expands in New England With Acquisition of Charles River Insurance
Utah-based Trucordia announced it has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts that serves the greater Boston and central Massachusetts regions. Charles River Insurance provides personal, commercial, life and health insurance. It has a second …
Royal Bank of Canada Denies Claims of ‘Boys Club’ Culture, Bias Against Women
Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its US capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pay and promotions to women. In a …
Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes
On the hunt for cheap and fast strategies to prevent deadly wildfires, utilities across the US and Europeare contracting with a handful of artificial intelligence startups to map wildfire risk along thousands of miles of power lines, picking out individual …