INSURANCE NEWS
Pacific Northwest Gets Brief Break Before Storms Return Thursday
Rain will ease Wednesday across the Pacific Northwest after floods and winds left at least 600,000 without power, forced hundreds of people in Washington to flee their homes and killed at least one person. The respite is expected to be …
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
When the US Federal Emergency Management Agency overhauled rates for millions of homeowners in the National Flood Insurance Program (NFIP), in 2021, the goal was to end decades of underpricing and to align premiums with real flood risk, driven higher …
Hub International Adds Former CNA, USAA Chief Executives to its Board
Brokerage Hub International said it has added former CNA chief executive officer and executive chairman Dino Robusto as chairman of the board, and former USAA president and CEO Wayne Peacock as director of the board. “The addition of both of …
California Regulator Puts Tesla Sales Suspension Order on Hold
A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities. The Department of Motor Vehicles …
CFC Hires Aspen’s Camara as CEO of CFC USA
Specialist insurer CFC said it has named Justin Camara as chief executive officer of CFC USA Camara, a 30-year industry veteran, will arrive to lead CFC USA’s growth strategy in the U.S. from his latest role as executive vice president …
Viewpoint: The 2026 Forecast for European Insurers Is Partly Cloudy
The European insurers that S&P rates displayed good operating performance in the life and non-life segments in 2025, and we expect they will largely continue to do so in 2026. The European insurance sector is exposed to many external risks, …
Passenger Ferry Held for Hours After Suspected Russian Hack
European investigators are probing whether Russian military hackers breached computer systems on a vessel owned by MSC-Mediterranean Shipping Company SA, the world’s largest container shipping group, according to people familiar with the matter. The ferry, operated by MSC’s Grandi Navi …
Ohio Man Sentenced in Multi-State Car Theft Ring
The lead defendant in a $1.5 million chop shop conspiracy was sentenced in U.S. District Court last week to 84 months in prison, the U.S. Attorney’s Office, Southern District of Ohio announced. Kahrese Tracey Scott Lee, 28, of Cincinnati, pleaded …
Trump Orders ‘Blockade’ of Sanctioned Oil Tankers Leaving, Entering Venezuela
U.S. President Donald Trump ordered on Tuesday a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, in Washington’s latest move to increase pressure on Nicolas Maduro’s government, targeting its main source of income. It is unclear how Trump …
Ohio Bakery Faces $394K in Fines for Unsafe Working Conditions
The U.S. Department of Labor has cited an Ohio commercial bakery after a federal investigation determined the employer had allegedly exposed workers to unsafe working conditions including chemical, caught-between and caught-in, pinch-point, and struck-by hazards. In addition to these serious …
Water Shortages in South Texas Drive Downgrade of Corpus Christi
A drought in South Texas caused Moody’s Ratings to downgrade the city of Corpus Christi, which projects demand for water will outpace supply by the spring of 2027. The ratings company lowered the city of roughly 320,000 people to A1 …
EU to Abandon Combustion Engine Ban in Win for Carmakers
The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry. The proposal will allow carmakers to slow the rollout of electric vehicles …