INSURANCE NEWS
Majority of Small Business Are Underinsured as Other Expenses Prioritized
New small business owners are more likely to have proper business insurance than those that have been operating longer. Even so, a majority of small businesses remain underinsured. That’s according to a new survey by ERGO NEXT which found that …
Man Tied to $100 Million NJ Deli Scam Gets 21 Months in Prison
A twice-convicted felon who helped orchestrate a scheme to inflate the value of a small New Jersey delicatessen to more than $100 million was ordered to spend 21 months behind bars. James Patten, 67, was sentenced Tuesday by US District …
Uber, Lyft Win Court Block on NYC Law Requiring Notice Before Firing Drivers
A federal judge has ruled that New York City cannot prohibit Uber Technologies and Lyft rom deactivating drivers from their apps without advance notice, ruling that the novel law is unconstitutional. U.S. District Judge Gregory Woods in Manhattan said in …
People Moves: UCA Promotes Eusebio to VP of Operations
UCA General Insurance Services, Inc. promoted Laurie Eusebio to vice president of operations. The new role will include a range of responsibilities involving all departments in the firm. Eusebio started with UCA in 2006 as a marketing assistant. Since then, …
FDA Says It’s Investigating Another Cyclospora Parasite Outbreak
The US Food and Drug Administration said it’s investigating yet another outbreak of the diarrhea-causing cyclospora parasite, with 72 cases tied to an unknown source. The latest infections disclosed by the agency on July 22 add to the surge of …
As Parasite Spawned Chaos, Taylor Farms Slow-Walked Response
The US Food and Drug Administration had apologized, Taylor Farms said in a post on X. An agency lab test linking its produce to the country’s worst cyclosporiasis outbreak in decades was a false positive. Not only that, but the …
People Moves: Grange Names Conte Chief Distribution Officer; McCabe to Succeed Wilcox as EVP and COO, Personal Lines, at Encova
Grange Insurance Names Conte Chief Distribution Officer Grange Insurance, based in Columbus, Ohio, named Krista Conte chief distribution officer. With more than 20 years of industry experience, Conte most recently served as executive vice president of insurance and distribution at …
Insurer Rewards Can Boost Climate Resilience Spending, Aon Says
Insurers can drive improvements in climate resilience by rewarding companies that invest to protect their businesses, rather than simply penalizing risky assets with higher premiums, according to a senior executive at Aon Plc. “Our role as an intermediary is to …
OpenAI Models Hacked Another Company’s Systems by Mistake
OpenAI said its advanced artificial intelligence models inadvertently hacked Hugging Face Inc. in an “unprecedented” incident that prompted fresh calls for curbs on the technology. The ChatGPT-maker said in a blog post Tuesday that the models broke into Hugging Face’s …
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property
Second quarter 2026 net income at insurer Chubb was down 3.8% compared to the same period in 2025 to about $2.85 billion, with property/casualty underwriting income up 18.8% to about $1.9 billion. Pretax net catastrophe losses were $475 million compared …
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show
At the height of the Florida property insurance crisis in the early 2020s, one statistic seemed to galvanize the movement for reforming the state’s insurance claims litigation statutes: Floridians had produced about 9% of all homeowners’ claims in the U.S. …
Google Expands in Miami After Its Billionaire Founders Buy Homes
Alphabet Inc. has more than quadrupled its office space in Miami this year shortly after co-founders Larry Page and Sergey Brin bought homes in the area. Google’s parent company signed a lease this spring to expand to about 45,000 square …