INSURANCE NEWS
Deaths and Illnesses Reported in Listeria Outbreak Tied to Recalled Pasta Meals
Two new deaths and seven more illnesses have been reported in an expanding outbreak of listeria food poisoning tied to recalled pasta meals sold at grocery stores including Walmart and Trader Joe’s in many states. In total, at least six …
MMA Sues Former Specialty Marine Head Over Move to Howden US
Marsh McLennan Agency is going after a single employee, who came over in the acquisition of McGriff Insurance Services, for leaving for Howden US—taking 17 coworkers and over 30 clients representing $4 million in annual revenue. According to a lawsuit …
Tech University Students Think Tiny Drones Inspired by Bats Could Save Lives
Don’t be fooled by the fog machine, spooky lights and fake bats: the robotics lab at Worcester Polytechnic Institute lab isn’t hosting a late Halloween party. Instead, it’s a testing ground for tiny drones that can be deployed in search …
Anchored in Maritime Roots, the Cayman Islands Set Sail for Reinsurance Opportunities
The Cayman Islands have a story familiar to many in insurance—entering the industry unexpectedly from somewhere else. In fact, the islands went from sustaining the economy as an exporter of thatch rope to becoming a thriving reinsurance hub in just …
People Moves: AXA XL Promotes Lahrmann to Head of International Property; Fidelis Insurance Group Taps IQUW’s Waddell-Dudley as UK CUO
This edition of International People Moves details appointments at AXA XL and Fidelis Insurance Group. A summary of these new hires follows here. AXA XL Promotes Lahrmann to Head of International Property AXA XL announced the promotion of Sabrina Lahrmann …
Lemonade Books Q3 Net Loss of $37.5 Million
Insurtech Lemonade reported a third quarter 2025 net loss of about $37.5 million compared with a loss of $67.7 million a year ago during the same time. Revenue and gross profit increased 42% and 113%, respectively, versus Q3 2024. However, …
Manufacturer WNA Earns TDI Lone Star Safety Award
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) has recognized WNA, part of The Novolex organization with the Lone Star Safety Award for demonstrating outstanding dedication to workplace safety and health. This facility’s 123 employees manufacture plastic stadium …
Two Men Charged with Terrorism Plot at LGBTQ+ Bars in Detroit Suburb
Two 20-year-old men who had acquired high-powered weapons and practiced at gun ranges were scouting LGBTQ+ bars in suburban Detroit in September for a possible Halloween attack, authorities said Monday in filing terrorism-related charges. Mohmed Ali, Majed Mahmoud and co-conspirators …
Texas Voters Approve $20B Investment in Water Supply
Texas is poised to make the largest investment in its water supply in the state’s 180-year history after voters on Tuesday approved Proposition 4, which authorizes $20 billion to be spent on water projects over the next two decades. The …
Florida-Based HCI’s Insurtech Raises $168M in Initial Public Offering
Insurance technology firm Exzeo Group, part of Tampa-based HCI Group, raised $168 million in its U.S. initial public offering on Tuesday, pricing its shares within its marketed range and becoming the latest insurance company to proceed with its listing plans. …
AXA Announces Death of Its Founder Claude Bébéar at 90
AXA announced that Claude Bébéar, its founder and honorary chairman, has passed away at the age of 90. In less than one generation, Claude Bébéar transformed “a small mutual insurance company in Normandy into a global insurance giant,” said Antoine …
Heavyweight Class-Action Lawyer Stan Chesley Dies
Stanley Chesley, a class-action lawsuit pioneer who took on cigarette companies and the makers of faulty breast implants until his legal career ended amid accusations of unethical conduct, has died at age 89. Chesley died Sunday at a long-term care …