INSURANCE NEWS
Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says
The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires and floods, not large …
Disputed Ballots Could Swing Union Vote Outcome at EV Battery Plant in Kentucky
An election to determine whether workers unionize an electric vehicle battery manufacturing complex in Kentucky was in limbo due to a few dozen disputed ballots that could swing the outcome. The United Auto Workers claimed it secured a narrow victory …
Florida’s Once-Pristine Springs Threatened by Pollution, Development, Climate
Seen from the air, a Florida freshwater spring is a bit of liquid heaven, luring humans and wildlife to enjoy its aquamarine cool. With at least 1,000 of them — more than any other state — the springs serve as …
What to Know About Massive Dust Storms Called Haboobs in Southwest
Massive walls of dust and debris called haboobs that roll through the U.S. Southwest can be awe-inspiring and terrifying, especially for motorists caught in their path. Thunderstorms spawn the phenomenon and can create a wall of dust thousands of feet …
EU Chief’s Plane Affected by Alleged Russian GPS Jamming
A plane carrying European Commission President Ursula von der Leyen was disrupted by what authorities suspect was Russian signals interference in Bulgaria. Authorities in Bulgaria have determined that the GPS jamming incident, which affected the plane’s navigation system as it …
AvonRisk Acquires Texas’ AS&G Claims Administration and Care Logic
AvonRisk, a national provider of risk management, claims administration, and managed care services, announced today that it has acquired AS&G Claims Administration, Inc., and Care Logic, Inc., a Houston, Texas-based third-party administrator specializing in workers’ compensation, auto liability, general liability, …
Nestle Plunged Into Turmoil as CEO Fired Over Undisclosed Relationship
Nestle has fired its CEO Laurent Freixe after just one year in the job after an investigation into an undisclosed “romantic relationship,” ousting its second CEO in a year and throwing the Swiss food giant into its deepest leadership chaos …
People Moves: Caffrey to Become CEO of White Mountains in 2026
White Mountains Insurance Group said today that its Board of Directors unanimously promoted Liam Caffrey as chief executive officer, effective January 1, 2026. Caffrey will succeed CEO Manning Rountree, who will retire at the end of the year. Caffrey currently …
Markets/Coverages: Willis Launches Specialty Bloodstock Insurance Solution in UK
Willis, a business of WTW, has launched the first specialty bloodstock insurance solution with Equine MediRecord to make the purchasing of bloodstock insurance more accessible and efficient for horse owners and trainers in the UK. Willis have signed a deal …
Tesla Asks Court to Throw Out $243M Award; Says Comments About Musk Misled Jury
The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. …
Delaware Governor Vetoes Bill to Loosen Marijuana Zoning Regulations
Gov. Matt Meyer vetoed a bill last Thursday that would have loosened regulations around where marijuana businesses can locate in Delaware, likely further delaying the growth of the weeks-old industry. But the governor also offered a competing proposal on such …
Cyberattack on Evertec’s Sinqia Hits HSBC, Others in Brazil
Hackers on Friday broke into Sinqia, a financial technology provider owned by Evertec, attempting to steal around 420 million reais ($77.4 million) from several Brazilian financial institutions including HSBC Holdings Plc’s local operations, O Globo reported. Cyber criminals invaded Sinqia’s …