INSURANCE NEWS
Uber Faces Second Driver Sexual Assault Trial Following $8.5M Verdict
After a key setback in the first trial of its kind before a federal jury, Uber is expected to return to court on Tuesday to face a second woman’s claims that she was sexually assaulted by a driver she booked …
Data Centers Offer a Potential $10 Billion Windfall for Insurers
Soaring demand for insurance coverage related to data center construction is creating a “meaningful growth opportunity” for the industry, outstripping some traditional insurance markets, according to S&P Global Ratings. The market for such coverage could reach $10 billion in premiums …
Austria Races to Secure Power Supplies as ‘Peak Water’ Looms
Austria’s economic model has long been anchored in Alpine water flowing through turbines to generate power for homes and businesses, but as climate change redraws the country’s hydrological map, it faces a structural shift and geopolitical tensions have heightened the …
Florida Mobile Home Insurance Market Still Struggling With Premiums, Coverage
Florida regulators have extended their supervision of American Mobile Insurance Exchange for another 120 days—for the sixth time in two years—suggesting that a runoff of the once-dominant carrier’s policies may be taking longer than expected in a still-stressed Florida mobile …
Report: California Has Largest Flood Coverage Gap in US
California has one of the largest flood insurance coverage gaps in the country, a new report shows. Neptune Flood released a new report showing residential flood insurance penetration across the state is 1.4%, despite 2.3 million properties facing flood risk …
Federal Aid Available for Washington Residents Impacted by Floods
Federal disaster assistance has been made available for Washington residents impacted by the December 2025 floods. The Federal Emergency Management Agency made aid is available to people in the counties of Chelan, Grays Harbor, King, Lewis, Pacific, Pierce, Skagit, Snohomish, …
Pennsylvania Approves 1.2% Workers’ Compensation Costs Reduction
Pennsylvania regulators have approved a decrease of 1.22% in loss costs for workers’ compensation insurance effective April 1. New or renewed policies issued on or after that date will reflect the updated loss costs. Because loss costs are factored into …
Prosecutor Identifies Victim in Fatal Shooting at New Jersey Chick-Fil-A
Officials in Union Township, New Jersey released the identity of the individual killed during Saturday night’s shooting at Chick-Fil-A on Route 22. The deceased has been identified as Malek Shepherd, age 23, of New York City, according to the Union …
People Moves: Everest’s Izzo Joins AXIS as CCO; Liberty Mutual Elects Canney to Board of Directors
Everest’s Izzo Joins AXIS as Chief Commercial Officer AXIS Capital Holdings Limited, headquartered in Pembroke, Bermuda, appointed Anthony Izzo as chief commercial officer. Izzo will report directly to Vince Tizzio, President and CEO of AXIS, and will work out of …
Jury Orders Abbott to Pay $70M in Preterm Infant Formula Trial
A jury in Chicago said Abbott Laboratories must pay $70 million in damages to a group of families that had accused the company of failing to warn that its formula for premature infants can cause a potentially deadly bowel disease, …
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’
Lululemon Athletica Inc. fell in New York trading Monday after the Texas attorney general said his office is investigating for the presence of so-called “forever chemicals,” which have been linked to health problems, in the yogawear brand’s apparel. “Emerging research …
Bamboo Insurance Launches Condo Owner Offering for Californians
Bamboo Insurance launched a new condominium unit‑owners (HO‑6) insurance policy in California. The product is designed to address the insurance needs of condominium owners in the state, where coverage requirements often involve coordination between individual unit policies and homeowners association …