INSURANCE NEWS
Insurer Can’t Sue for Unjust Enrichment by Deceptive Insured, Appeal Court Says
A decision by a federal appeals court last week shows what limited options insurance carriers have when they discover major misrepresentation by the insured long after claims have been paid. The U.S. 11th Circuit Court of Appeals last week found …
Connecticut Updates Its Captive Insurance Law
Connecticut Governor Ned Lamont signed into law legislation updating the state’s law governing captive insurance and allowing new types of captives. Captives are owned by one or more businesses to insure their business risks., Effective October 1, 2025, the act …
California FAIR Plan Rolls out Commercial High Value Policy
The California FAIR Plan has increased commercial coverage limits and is now offering a commercial high value policy for condominiums, farms, wineries and other businesses in the state that cannot find insurance through the voluntary or excess and surplus insurance …
Man Who Killed Idaho Firefighters Was Turned Away by Fire Department
The man accused of fatally shooting two Idaho firefighters before killing himself last month had tried to join the fire department, and became angry when told he would need to go through training and testing. Wess Roley also tried to …
FEMA Chief Calls Texas Floods Response ‘A Model’ For Dealing With Disaster
The acting administrator of the Federal Emergency Management Agency is pushing back on criticisms of the federal response to the central Texas floods that killed at least 136 people earlier this month. “I can’t see anything we did wrong,” David …
People: Farm Bureau Tenn. Names Pulley to Replace Retiring Pannell as CEO
Jeff Pannell, CEO of Farm Bureau Insurance of Tennessee, will retire at the end of the year after almost 40 years with the company. Pannell made the announcement at the company’s annual agents’ conference on Thursday, Farm Bureau said in …
Michigan Suspends 2 Title Insurance Agents Over Escrow Fund Mismanagement
The Michigan Department of Insurance and Financial Services this week announced the suspension of two title insurance agents after an investigation found they allegedly mismanaged customers’ escrow funds. DIFS Director Anita Fox issued a summary suspension of insurance producer licenses …
Pinnacle Financial Partners Shares Drop on Deal with Synovus
Pinnacle Financial Partners Inc. shares plunged the most in more than five years after the bank agreed to combine with Synovus Financial Corp. in an all-stock transaction valued at $8.6 billion. Some investors had expected both companies to draw acquisition …
Trump’s AI Plan Urges Lighter Touch by FTC in Win for Microsoft
Microsoft Corp. stands to gain from new White House AI guidelines that call on the US Federal Trade Commission to show more restraint in probes involving artificial intelligence and stand down on cases that put “AI innovation” at risk. The …
People Moves: Allianz Commercial Appoints Nguyen-Huu, Lascar and Head for Portfolio Solutions Team; Canopius Promotes Pinnington as Head of Marine & Energy Treaty
This edition of International People Moves details appointments at Allianz Commercial and Canopius Group. A summary of these new hires follows here. Allianz Commercial Names Nguyen-Huu, Lascar and Head for Portfolio Solutions Team Allianz Commercial announced appointments in its Portfolio …
Ship Manager Pleads Guilty to Dumping Oily Water Off Coast of New Orleans
Eagle Ship Management LLC (ESM), based in Stamford, Connecticut, pleaded guilty to violating the Act to Prevent Pollution from Ships (APPS) by deliberately polluting U.S. waters off the coast of New Orleans from the M/V Gannet Bulker, a foreign-flagged bulk …
Meta Clashes With Apple, Google Over Child Age Check Legislation
The biggest tech companies are warring over who’s responsible for children’s safety online, with billions of dollars in fines on the line as states rapidly pass conflicting laws requiring companies to verify users’ ages. The struggle has turned into a …