INSURANCE NEWS
Drone Strikes Damage Amazon Data Centers in the UAE and Bahrain
Amazon.com Inc.’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its data centers in the Middle East in recent days. Amazon Web Services Inc. said for the first time that drones …
Iran War Poses New Risk to US Economic Resilience
A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump’s decision to launch open-ended attacks against Iran with the stated goal of …
Senators Sound Alarm After New Data Shows Fewer OSHA Inspections, Fines
A group of U.S. senators issued a letter to Labor Secretary Chavez-DeRemer and Assistant Secretary of Labor for Occupational Safety and Health David Keeling, outlining their concerns about new data showing a significant drop in workplace safety investigations and fines. …
Viewpoint: Einstein on Entropy and Builders Risk
Were he alive today, Albert Einstein would make for a fantastic expert witness in builders risk coverage litigation. Einstein’s testimony on the concept of entropy would be particularly insightful—assuming his hourly rate was affordable, of course.[1] In recent years, we’ve …
Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed
The Interstate 4 construction project in Orlando may have been one of the most accident-plagued sites in Florida history, leading to the deaths of five workers and significant injuries for others, along with damage to vehicles. But one of those …
NYC to Install Red Light Cameras at 600 Intersections by Year End
Last month, New York City announced it would begin activating red light cameras at 50 new intersections each week for the next five weeks, reaching 600 intersections by the end of 2026. The New York City Department of Transportation (NYC …
Michigan Farm to Pay $33K to Settle River Pollution Case
Michigan Attorney General Dana Nessel has reached a settlement with Holloo Farms, a concentrated animal feeding operation (CAFO) in Calhoun County, to resolve allegations that the company violated environmental regulations and improperly discharged animal waste into state waters. As part …
Zurich Insurance and Beazley Agree to US$10.9B Cash Acquisition
Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion), new …
Business Moves: CRC Group Completes Buy of Euclid Transactional
Independent wholesale specialty insurance distributor CRC Group said it has completed its acquisition of Euclid Transactional. New York City-based Euclid Transactional is a managing general agency that specializes in underwriting transactional insurance, such as representations and warranties, tax liability and …
Suspected Gunman in Austin Shooting Had Potential Terrorism Links
At least three people — including the suspected gunman — are dead following a shooting early Sunday in downtown Austin, officials said. Fourteen others were injured. The suspected shooter has been identified as 53-year-old Ndiaga Diagne, Austin police said Sunday …
Louisiana Contractor Arrested for Fraudulent Activities
A Louisiana contractor was arrested last week on charges of fraud, filing false public records and forgery. The contractor, Jon Andersen, also received a cease-and-desist letter from Louisiana Insurance Commissioner Tim Temple. Andersen was arrested on Feb. 25 in Jefferson …
Trump Faces 2,000 Tariff Lawsuits Following Supreme Court Loss
In the days since the US Supreme Court declared most of President Donald Trump’s global tariffs illegal, more than 100 companies filed new lawsuits, underscoring widespread concerns that the administration won’t readily refund the billions of dollars it’s already collected. …