INSURANCE NEWS
Florida Regulators Mulling New Rules on Market Conduct Exams, Reporting
Florida regulators are considering three rule changes, one on how market-conduct examinations are triggered, one on an expanded claims-dispute mediation system, and one that would require certain quarterly reports even when the insurer has not engaged in the type of …
New Jersey Insurance Agents Are Not Exempt From Consumer Fraud Act: State’s High Court
The New Jersey Supreme Court has ruled unanimously that insurance brokers, producers, and agents are not exempt from liability under the state’s Consumer Fraud Act (CFA). The court found that “extending the learned professional exception to insurance brokers would unduly …
PG&E Says Power Shutoffs Required in California on Wildfire Risk
PG&E Corp. warned that power shutoffs will be required on Wednesday and Thursday in three California counties as dry conditions and gusty winds increase fire risks. PG&E is taking steps to preemptively shut off electricity to homes and businesses in …
FDA Sued for Allowing Unauthorized Vaping Products
A coalition of public health organizations, pediatricians and parents sued the U.S. Food and Drug Administration on July 14, challenging a new policy that allow some manufacturers to sell vapes and nicotine without the legally required license. The lawsuit, filed …
UK Steps Closer to Creating ‘Internationally Competitive’ Captive Market
The UK has lagged behind many of its insurance market competitors in that it does not have a not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish their captives overseas, …
NFP Acquires Ohio’s Total Benefit Advisors
NFP, an Aon company and leading property and casualty (P&C) broker and benefits consultant, today announced the acquisition of Total Benefits Advisors, a Cleveland, Ohio-based advisory firm specializing in retirement services and employee benefits solutions for business owners and wealth …
People Moves: Holmes Murphy Names Reavis as President
Holmes Murphy announced that Jay Reavis has been named President of Holmes Murphy and HMA Group Holdings. This appointment reflects the company’s ongoing commitment to the power of its independence, leadership development, thoughtful succession planning, and positioning the organization for …
People: Berkley Names Stock Head of Carolina Cas; FAIA Honors Lynch’s Years of Work
W.R. Berkley Corp., one of the largest commercial lines writers, has named Paul Stock president of its subsidiary, Carolina Casualty, a provider of coverage products for the transportation industry. Stock has been divisional president at Carolina Casualty since May 2025. …
Massachusetts Finalizes New Safety, Consumer Rules for Assisted Living Facilities
One year after the tragic fire at Gabriel House in Fall River claimed the lives of 10 residents and injured dozens more, Massachusetts has finalized a set of new safety regulations to better protect those living in assisted living residences …
Drought Pits Farms Against Towns and Industry in Scramble for Water in West
In Arizona, dead fish lie in the dry bed of a reservoir. To the north, a small Utah town could run out of water in months. And in Colorado, a rancher has sold a fifth of her herd as stock …
Coalition Follows Allianz Deal by Expanding Cyber Solution for Large Companies
Managing general agent and specialist cyber insurer Coalition said it has launched Active Cyber Insurance for Enterprises, with up to USD $25 million in cyber limits for U.S. large businesses. This follows the May announcement of Coalition’s expanded strategic relationship …
Crash of Helicopter Fighting Colorado Wildfire Leaves Pilot Dead
A helicopter helping fight a Colorado wildfire has crashed into a reservoir, killing the pilot, authorities said. The aircraft was reported down Sunday in the Silver Jack Reservoir and the pilot’s body was recovered by divers. The Gunnison County Sheriff’s …