INSURANCE NEWS
Camp Mystic Faces Scrutiny Over Lack of Evacuation Plan in Wake of Fatal Flood
The director of the Texas summer camp where 27 campers and counselors were killed by a devastating flood in 2025 testified Monday he did not see official warnings issued the day before the storm hit, that staff had no meetings …
Rainfall Across Northern Michigan Heightens Concerns of Flooding, Dam Overflows
Crews were working Monday to restore power to a closed hydroelectric station in northern Michigan as heavy rain threatens to cause a dam to overflow. More pumps also are being added to the Cheboygan Dam to help push water toward …
People Moves: Friedman Joins Alliant Insurance Services’ Employee Benefits Group in Chicago
Mendy Friedman joined Alliant Insurance Services as first vice president within its employee benefits group. The Chicago, Illinois-based consultant will partner with a diverse portfolio of employers to design and implement data-driven health and welfare strategies. Friedman is an employee …
World Insurance Associates Acquires Indiana’s Heuring
World Insurance Associates announced that it acquired the business of Heuring Crop Insurance of Boonville, Indiana on November 1, 2025. Terms of the transaction were not disclosed. Heuring has been providing farmers with comprehensive crop insurance coverage for over 25 …
NFP Acquires New Jersey’s Hamilton Group
Global insurance broker NFP reports it has acquired the Hamilton Group, LLC, a multi-disciplinary insurance broker based in Cedar Knolls, New Jersey. Hamilton Group’s Greg Frankel and David Page will join NFP as senior vice presidents reporting to Lauren Kim, …
Weather Prediction Markets Are Booming, but Can They Improve Forecasts?
A few days before Christmas, Howard Qin was scrutinizing weather forecasts on two laptops at home in Shanghai when he noticed prices of contracts for New York City snowfall creeping higher on the prediction market Kalshi. He checked the Times …
Progressive Q1 2026 Net Income Up 10%
First quarter 2026 net income at Progressive Corp. increased 10% compared to the same period a year ago to nearly $2.8 billion. Progressive reports results monthly. Net income for March was up 36% to about $712 million. The Mayfield Village, …
California Attorney General, DAs Warn About E-Bike Safety and Legal Requirements
California law officials are warning people about the safety dangers and legal requirements of electric bicycles, also known as e-bikes California Attorney General Rob Bonta, Marin County District Attorney Lori Frugoli, San Francisco District Attorney Brooke Jenkins, and San Mateo …
Viewpoint: Risk Segmentation to Cover Large Data Centers
A recent high-profile report highlighted a growing challenge for data centers: despite abundant insurance capacity, large data center projects are struggling to secure sufficient coverage. This may seem surprising given the available capacity in the market, but it reflects insurers’ …
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You
As people increasingly turn to artificial intelligence for advice, some U.S. lawyers are telling their clients not to treat AI chatbots like trusted confidants when their freedom or legal liability is on the line. These warnings became more urgent after …
Australian MedTech Firm EBR Systems Flags Possible Data Breach of Patient Records
Medical technology firm EBR Systems on Wednesday said a cybersecurity incident detected in February may have resulted in unauthorized access to a small amount of personal health information. The company said it became aware of a network disruption around February …
Italy Court Allows Class Action Against Meta Over Facebook Data Scraping
A Milan court on Tuesday accepted a class action brought by a consumer group against Meta Platforms over the theft of personal data suffered by Facebook Italy. According to the court order, the data scraping incident, which took place between …