INSURANCE NEWS
West Texas Gas Falls to 14-Month Low as Negative Prices Persist
Natural gas cash prices in West Texas, which dipped below zero in recent days, sank to the lowest in almost 14 months, as traders expect pipeline maintenance in the area to stifle movement of the fuel for some time. Gas …
Bulgaria Arrests Russian Owner of Ship at Center of Beirut Port Blast in 2020
The Russian owner of a cargo ship linked to a cargo of ammonium nitrate at the center of the massive Beirut port explosion in 2020 has been arrested in Bulgaria, Lebanese judicial officials said Monday. The arrest of Igor Grechushkin …
Researchers Uncover 140-Year-Old Shipwreck at Bottom of Lake Michigan
After decades of scouring the bottom of Lake Michigan, searchers have finally found the wreckage of a “ghost ship” that sank during a ferocious storm almost 140 years ago off the Wisconsin coastline. The Wisconsin Historical Society and the Wisconsin …
Billionaire Ross Lures ServiceNow for South Florida Expansion
ServiceNow Inc. is expanding to West Palm Beach, Florida, opening a location for several hundred employees in a planned office tower being developed by billionaire Stephen Ross, the famed New York real estate magnate who broke from Related Cos. last …
Where Are the Hurricanes This Season as the Atlantic Remains Quiet
Not a single named storm has formed in the Atlantic Ocean in nearly three weeks, even though it’s the peak of hurricane season. “Where the heck are the Atlantic #hurricanes?” Philip Klotzbach, a meteorologist at Colorado State University, wrote recently …
Stein Wants $13.5B From Congress for NC Hurricane Helene Recovery
North Carolina Gov. Josh Stein on Monday requested $13.5 billion more from Congress in recovery aid for Hurricane Helene almost a year after the historic storm, saying additional help is needed from Washington to address record amounts of damage and …
Radian to Acquire Lloyd’s Syndicate Inigo for $1.7B in Specialty Insurance Push
Radian Group said on Thursday it would buy UK-based Inigo for $1.7 billion as the U.S. mortgage insurer seeks to transform into a global multi-line specialty insurer. The company’s expansion into the Lloyd’s global specialty market follows a strategic review …
Lyft, Waymo to Offer Driverless Rides in Nashville in 2026
Lyft Inc. is partnering with Waymo for the first time to offer robotaxi service in Nashville starting next year, a deal that helps it better compete with rival Uber Technologies Inc. Alphabet Inc.-owned Waymo, which has been conducting testing in …
People Moves: Wolf Joins Alliant in New England, Stein Joins in Maryland
Benefits consultant Rob Wolf has joined Alliant Insurance Services as vice president within its employee benefits group. Based in New Hampshire, Wolf has more than 25 years of experience spaning strategy, planning, underwriting, cost containment, and regulatory compliance under ERISA …
NICB: Vehicle Thefts in First Half 2025 Down 23% From Last Year
U.S. vehicle thefts fell 23% in the first six months of 2025 from the first half of last year, a report out Wednesday from the National Insurance Crime Bureau shows. There were 334,114 vehicle thefts reported in the first half …
Apollo Seeks $10 Billion From Insurers With Complex Debt Vehicle
Apollo Global Management Inc. is set to use a rare structure to raise $10 billion from insurers, people with knowledge of the matter said, in the latest illustration of the increasing ties between private capital and annuity providers. The New …
Beetle That Threatens Australia’s Grains Industry Found in Imported Diapers
Australia has detected the larvae of khapra beetles in imported nappies sold in supermarkets nationwide, the agriculture ministry said, raising concerns the pest could infest grain storages and disrupt agricultural exports. The ministry said in a statement on Tuesday it …