INSURANCE NEWS
India Plans Sovereign Guarantees for Insurers as Iran War Hikes Shipping Risks: Sources
India is planning sovereign guarantees to support insurers that provide cover for vessels traveling in the Persian Gulf, as the Middle East war increases the risks to shipping, said government and industry sources familiar with the matter. The plan includes …
People Moves: ALDOI Names Tompkins Consumer Services Manager
The Alabama Department of Insurance named Stephanie Tompkins manager of the department’s Consumer Services Division, succeeding Dusty Smith, who was promoted to be deputy commissioner for insurance regulation. Tompkins has 25 years of experience in the insurance business and regulation, …
GAO: Wind Risk Linked to Larger Insurance Premium Jumps Than Wildfire
A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified as severe or extreme wind risk had premiums about …
Insurer Nationwide Operating Income Up 37% in 2025
Insurer Nationwide finished 2025 with net operating income up 37% compared with 2024, to $4.3 billion as total sales and premiums were up 7% to a record $73.2 billion. The Columbus, Ohio-based mutual insurance company—entering its 100th year of operation …
Texas Department of Insurance Helps Stop $400M Medicare Fraud Scheme
A Texas Department of Insurance investigator and crime analyst helped identify a Russian national who reportedly filed $400 million in fake Medicare claims. Nikolai Buzolin was living in Houston in 2025 when he created a durable medical equipment company and …
Deere Settles Right-to-Repair Lawsuit With $99 Million Fund, Repair Commitments
U.S. agriculture equipment maker Deere on Monday agreed to pay $99 million into a settlement fund for farms and farmers that are part of a class action over costs and access to repairs. The case is part of broader scrutiny …
Airline Pilots Must Be Given Final Say on Flying in War Zones, Aviators’ Group Says
Pilots must be given a “final and non-negotiable” say allowing them to refuse to fly over or within conflict zones without influence from commercial pressures, global union group International Federation of Air Line Pilots’ Associations (IFALPA) said. The position paper …
King Risk Partners Acquires Its Sixth Connecticut Agency
King Risk Partners has acquired New England Property & Casualty, Inc., an independent insurance agency headquartered in Wallingford, Connecticut. New England Property & Casualty has served individuals and families throughout Connecticut for nearly 40 years, offering auto, home, property, and …
China Targets Taiwan’s Chip Tech to Evade Global ‘Containment’: Taipei Government
China is targeting Taiwan to obtain its advanced chip manufacturing technology and talent as a way of breaking through international “containment” of the country, according to a report from the island’s top security agency. China’s scramble for chip talent and …
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War
Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes, five weeks into the Iran war. US President Donald Trump threatened to bring “Hell” to Iran with strikes on power …
IEA Chief: Current Oil and Gas Crisis Worse Than 1973, 1979, 2002 Together
The current oil and gas crisis triggered by the blockade of the Strait of Hormuz is “more serious than the ones in 1973, 1979 and 2002 together,” Fatih Birol, the head of the International Energy Agency (IEA), told Le Figaro …
Iran Rejects Ceasefire as Trump Ramps Up Threats Ahead of Deadline
Iran said on Monday it wanted a lasting end to the war with the U.S. and Israel, and pushed back against pressure to reopen the Strait of Hormuz, while U.S. President Donald Trump warned the country could be “taken out” …