INSURANCE NEWS
Scientists Link Major Carbon Emitters to Worsening Heat Waves
One quarter of more than 200 heat waves that occurred worldwide this century may have been impossible without human-induced global warming. Emissions from the world’s largest fossil fuel and cement companies played a significant role in worsening those events, according …
Markets/Coverages: Howden’s MGA DUAL Launches Cargo Insurance in Europe
DUAL Europe, the managing general agent and unit of insurance intermediary Howden, announced the launch of its cargo insurance business, effective from Sept. 1, 2025. This marks a strategic expansion of DUAL Europe’s marine proposition, following the successful rollout of …
Viewpoint: Rethinking Basis Risk in Structured Insurance Solutions
Insurance solutions—more broadly referred to as risk transfer—that are parametric in design have become a common point of conversation between insurance buyers and their risk advisors when discussing protection options. These alternative risk transfer products are widely viewed as complementing …
Fleet Operators Want More From Their Insurers: Survey
A newly released report suggests that nearly 90 percent of fleets believe claims service needs to improve, sparking a turning point for the commercial insurance industry. AI native insurer Nirvana released its 2025 Claims Experience Report surveying commercial fleet decision-makers …
Bacterial Greening Disease Infects Nearly Half of Brazil’s Citrus Belt
Greening disease, caused by bacteria transmitted by the Asian citrus psyllid, has infected nearly 48% of Brazil’s citrus belt, according to new data from industry-funded research group Fundecitrus on Wednesday. Such infections have increased for an eighth year in Brazil, …
Disaster Survivors Wait Longer to Get Federal Aid, Says AP
Survivors of major natural disasters in the U.S. are having to wait longer to get aid from the federal government, according to a new Associated Press analysis of decades of data. On average, it took less than two weeks for …
South Korean E-Commerce Giant Coupang Wins US Dismissal of IPO Lawsuit
Coupang, the e-commerce company often called the Amazon of South Korea, won the dismissal on Wednesday of a lawsuit claiming it defrauded shareholders during and after its 2021 initial public offering, Wall Street’s largest by a foreign company in 6-1/2 …
Wall Street Regulator Says it Has Concerns Over European ESG Rules
Wall Street’s top regulator on Wednesday criticized two recent European laws on companies’ disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump took office. In an address to an event …
More Than 60 Containers Fall Off Ship in Long Beach Port
More than 60 containers toppled off a cargo ship in the Port of Long Beach, tumbling overboard and floating in the water. The shipping containers fell off a vessel named the Mississippi shortly before 9 a.m. on Tuesday, and no …
California Plans to Boost Utility Wildfire Fund by $18 Billion
California lawmakers have reached an initial agreement to shore up the state’s wildfire utility fund. The agreement is expected be filed into legislative text on Wednesday after lawmakers suspended a Tuesday deadline, according to people familiar with the negotiations who …
Michigan Manufacturer to Pay $460K to Settle Sexual Harassment Lawsuit
East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, will pay $460,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. According to the …
Texas to Ban Minors From THC Products
THC products will remain largely legal in Texas, but will be banned for minors and further regulated under a new executive order by Gov. Greg Abbott on Wednesday. Abbott directs the Texas Department of State Health Services and the Alcoholic …