INSURANCE NEWS

Europe Saw Record Surge in Renewable Output, Driving Below-Zero Power Prices in 2025

Surging renewable output overwhelmed Europe’s power grid in 2025, driving electricity prices below zero more often than ever before. Negative power prices are underscoring how rapid growth in renewable generation is colliding with stagnant demand and persistent grid constraints in …
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US Military Operation in Venezuela Disrupts Caribbean Travel

The U.S. military operation that captured Venezuelan President Nicolás Maduro and flew him out of the country early Saturday also disrupted Caribbean travel at a busy travel time for the region. No airline flights were crossing over Venezuela that day, …
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Trump’s Venezuela Gambit Tests Investor Appetite for Geopolitical Risk

Markets may have shrugged off the audacious U.S. capture of Venezuelan President Nicolas Maduro, but some investors warn that geopolitical risks are perhaps being underestimated after Donald Trump threatened further action in the Americas. Investors held their nerve on Monday, …
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‘Trump’s EPA’ in 2025: A Fossil Fuel-Friendly Approach to Deregulation

The Trump administration has transformed the Environmental Protection Agency in its first year, cutting federal limits on air and water pollution and promoting fossil fuels, a metamorphosis that clashes with the agency’s historic mission to protect human health and the …
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High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization

Risk appetite among high-net-worth individuals has dropped sharply, according to a new high-net-worth outlook from HUB International. Per the report, only 25% of HNW individuals are willing to assume more risk for premium savings—down from 39% in 2023. HUB found …
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’60 Minutes’ Homeowners Ask Court to Force DFS to Divulge Heritage Probe Info

If Florida property insurance companies and regulators hoped a complaint about altered adjusters’ reports would quietly fade away, a lawsuit by a homeowner at the heart of the controversy has brought new attention to the matter. North Port homeowners Jeffrey …
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Four in New Jersey Face Charges in Alleged $250K Travel Insurance Scam

Four people have been indicted in New Jersey for their alleged roles in a scheme to file fraudulent travel insurance claims worth more than $250,000. They are accused of taking out multiple travel insurance policies and then filing claims against …
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People Moves: Feitel Joins Alliant’s Employee Benefits Group

Bryan Feitel joined Alliant Insurance Services as vice president within its employee benefits group. Based in Connecticut and serving Alliant nationally, Feitel joins California-based Alliant with more than three decades of experience in the employee benefits and healthcare industries, spanning …
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Washington Workplace Changes for 2026 Include Higher Pay, New Tower Crane Rules

A round of changes impacting Washington workplaces now that 2026 has arrived include higher worker pay and several workplace safety alterations. The Washington State Department of Labor & Industries year calculates new wage standards, including the minimum wage. L&I makes …
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US Rice, Cotton Farmers Get Biggest Relief in Trump Bailout

The US Department of Agriculture unveiled long-awaited details of its $12 billion aid package for farmers, with American growers of rice and cotton standing to get the biggest payments. But while the payments were welcomed by farmers and industry groups …
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Litigation Funding, Other New Laws in SE States Could Impact Liability Insurance

New laws in Southeastern states took effect this week, impacting several aspects of property and casualty insurance. In Georgia, Senate Bill 69 puts new restrictions on third-party litigation financing, a lawsuit funding practice that has raised growing concerns for insurers. …
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Texas Business Owner Pleads Guilty to Home Building Fraud Scheme

A Fort Worth business owner who received nearly $5 million from local customers for unfinished custom home building and remodeling projects pled guilty to a wire fraud conspiracy charge on Dec. 30, 2025, announced United States Attorney for the Northern …
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