INSURANCE NEWS

Detroit-Area Taco Bell Operators Settle Sexual Harassment Lawsuit

Sundance, Inc. and Black River Bells, operators of several Taco Bell restaurants in the metropolitan Detroit area, will pay $100,000 and furnish other relief to resolve a sexual harassment lawsuit filed by the U.S. Equal Opportunity Commission (EEOC), the federal …
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Texas Data Centers, Crypto Miners Reduced Power During Storm

Electric Reliability Council of Texas Chairman Bill Flores said Thursday that some data centers and cryptocurrency miners voluntarily curtailed power use during the recent winter storm that strained the state’s grid and others across the country. Data centers supporting artificial …
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The Hartford Q4 Net Income Up 33% Led by Business Insurance

Net income at The Hartford increased 33% to about $1.1 billion in the fourth quarter 2025. Property/casualty written premiums increased 5% compared to Q4 2024, led by growth of 7% in the business insurance segment. CEO Christopher Swift said results …
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Federal Judge Puts Brakes on New Hampshire Plan to Abolish Car Inspections

A federal court judge has halted New Hampshire’s plan to end motor vehicle inspections. U.S. District Court Judge Landya McCafferty granted a preliminary injunction on January 27 to prevent the state from implementing a new law abolishing the annual inspection …
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Florida Committees Approve MGA, Litigation Funding Restriction Bills

Florida legislative committees approved two bills this week that could impact property-casualty insurance in the state. One would put some restrictions on litigation financing and the other would force more transparency on insurers’ payments to managing general agencies. The bills’ …
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E&S Premium Growth Moderates Through Nine Months of 2025

The U.S. excess and surplus lines market isn’t growing at the rate it has been, with the premium growth through September 2025 lower than the prior year. According to a new report from insurance industry rating agency AM Best, years …
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Worries Deepened in South After Days of Snow, Ice and Power Outages

Conditions were dire earlier this week in parts of the South still reeling from subfreezing temperatures and widespread power outages as vehicles got stranded for hours on major highways and officials warned that people stuck at home were running out …
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Markets/Coverages: Brit Announces Renewal of $200M Cyber Consortium

Brit Group Holdings Ltd. announced the renewal of its cyber consortium — “Brit Cyber Attack Plus” (BCAP) — a cyber product designed to protect clients from a broad range of cyber-related perils, including physical damage. BCAP, led by Brit Syndicate …
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UK Warns of Pancreatitis, Deaths Tied to Wegovy, Mounjaro

The UK warned some patients have died of severe inflammation of the pancreas linked to obesity and diabetes drugs such as Eli Lilly & Co.’s Mounjaro and Novo Nordisk A/S’s Wegovy. Though the worst cases of pancreatitis were rare, the …
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Crypto Money-Laundering Hit $82 Billion in 2025, Researchers Say

Money launderers received at least $82 billion in cryptocurrencies last year, up sharply from $10 billion in 2020, driven in part by fast growth among Chinese-speaking groups, blockchain researchers said on Tuesday. The fastest-growing category has been Chinese-language money-laundering networks, …
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Southern Africa Floods That Killed 300 Fueled by Global Warming

An estimated 300 people have died in extreme flooding across parts of southern Africa, including a one-in-50-year event that researchers said was worsened by climate change. Nearly 800,000 people have been affected by the severe rains that started in December, …
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China Plans $29 Billion Capital Injection Into Biggest Insurers

China is mulling the sale of hundreds of billions of yuan in special government bonds to recapitalize some of its largest insurers, according to people familiar with the matter, strengthening the biggest players in a sector that is under pressure …
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