INSURANCE NEWS
Investigation Launched into Fatal Small Plane Crash in Northeast Ohio
An investigation began Friday into what caused a small plane to crash into a house in northeast Ohio and explode into flames, killing both pilots aboard. The National Transportation Safety Board was leading the review in Akron, alongside the Federal …
Defense Department Delays Texas Wind Projects, Citing National Security Concerns
Dozens of wind projects in Texas are in limbo after the U.S. Department of Defense paused issuing routine federal permits citing national security concerns, a move that experts say expands the Trump administration’s crusade against wind energy. According to data …
Texas Chick-fil-A Franchisee Sued for Religious Discrimination
Hatch Trick, Inc., a Chick-fil-A franchisee operating multiple locations in Austin, Texas violated federal law by refusing to reasonably accommodate an employee’s request to refrain from working on Saturdays in observance of her Sabbath day and instead fired her, the …
CopperPoint Insurance to Acquire Surety Specialist General Indemnity Group
Boston-based General Indemnity Group (GIG), an insurance holding company specializing in commercial and contract surety, announced that it has agreed to be acquired by CopperPoint Insurance Co., a workers’ compensation and commercial insurance provider based in Phoenix. The transaction includes …
Miami Condo Developer Kapoor Changes Plea to Guilty in $89 Million Fraud Case
A prominent Miami real estate developer who once hired the city’s mayor as a $10,000-a-month consultant has pleaded guilty to money laundering and payroll-tax charges in a $89 million fraud scheme. Rishi Kapoor, who once led Location Ventures and URBIN …
Half of Pilots Killed in US Accidents Tested Positive for Drugs
More than half of pilots killed in US civil aviation accidents between 2018 and 2022 tested positive for at least one drug, the US National Transportation Safety Board said in a report published May 14. Of the 984pilots who died …
Denver Runway Fatality Reveals A Weakness in Airport Security
In less than three minutes, an intruder exploited a security gap at one of the nation’s busiest airports and stepped into the path of an airplane hurtling down a Colorado runway with 231 people aboard. The 41-year-old man slipped unnoticed …
US Sees 27% Increase in Product Recalls in Q1, Report Shows
U.S. product recall activity remained elevated in the first quarter 2026, a new report shows. Sedgwick’s latest U.S. recall report shows the volume of defective products recalled across five U.S. industries rose 27% quarter-over-quarter to 492 million units in the …
PG&E Cuts Power to Some Customers in California on Fire Risk
PG&E Corp. cut power to some customers in California due to dry and windy conditions that have elevated the risk of wildfires. There were 779 outages impacting nearly 57,500 customers as of 9:22 p.m. local time on Sunday, the utility …
Iran Starts Bitcoin-Backed Shipping Insurance for Hormuz Strait
Iran has started a Bitcoin-backed insurance service for shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from Iran’s Ministry of Economy and Financial Affairs. Dubbed Hormuz Safe, the Iranian …
Justice Department Accuses Yale Medical School of Illegally Using Race in Admissions
The Justice Department last Thursday accused Yale University of illegally considering race in admissions to its medical school — the second institution to face discrimination allegations by the federal agency this month. In a letter to a lawyer for Yale, …
New Virginia Ban on ‘Assault Firearms’ Prompts Lawsuits From Gun-Rights Groups
Virginia Gov. Abigail Spanberger has signed legislation banning the sale and manufacture of certain semi-automatic firearms, prompting immediate lawsuits from gun-rights groups. The limits on ” assault firearms,” as they are described by the legislation, are among two dozen new …