INSURANCE NEWS
DOJ Investigating SeaWorld, Busch Gardens Firm After Ban on Some Wheeled Walkers
The Trump Administration’s Department of Justice, not known for its support of minorities and disabled people, announced it is investigating the company that runs SeaWorld Orlando and Busch Gardens Tampa Bay for potential violations of the Americans with Disabilities Act. …
CME Data Center Bolsters Backup Cooling After 10-Hour Outage
The data center that supports CME Group Inc., one of the world’s largest derivatives exchanges, said it has bolstered its backup cooling capacity after overheating sparked a catastrophic 10-hour outage that roiled world markets on Friday. CyrusOne — which owns …
Texas Adds ID Restrictions on Vehicle Registrations, Renewals
The Texas Department of Motor Vehicles is implementing more stringent photo identification requirements for all vehicle registrations and renewals in an abrupt shift that could shut out undocumented residents from legally owning vehicles. Current photo identification, such as a state …
Taiping Insurance Shares Hit by Over $200 Million Exposure to Hong Kong Fire
Shares of China Taiping Insurance Holdings fell as much as 8% on Thursday [Nov. 27] on concerns about its coverage exposure of more than $200 million to a Hong Kong apartment complex where a huge fire killed at least 55 …
Illinois Roofing Company Sued for Race and Sex Harassment
Anthony Roofing Tecta America LLC and Tecta America Corporation, roofing services providers in Illinois and nationwide, violated federal law when they subjected African American and female employees of their Aurora, Illinois location to race and sex harassment, the U.S. Equal …
Tyson Foods’ Decision to Close Nebraska Beef Plant Could Hurt Ranchers Nationwide
Tyson Foods’ decision to close a beef plant that employs nearly one third of residents of Lexington, Nebraska, could devastate the small city and undermine the profits of ranchers nationwide. Closing a single slaughterhouse might not seem significant, but the …
Tornado Damages More than 100 Homes Near Houston
More than 100 homes have been damaged after a tornado touched down in a residential area outside Houston, authorities in Texas said Monday. No injuries were reported. Photos and drone video posted on Facebook by the Harris County Precinct 4 …
West Texas County Struggles to Secure Funding for Flood Prevention
When it rains here, West Texans brace for the worst. With nowhere to go, water collects across sidewalks, roads and highways — the flat, desert landscape becomes a wetland in the blink of an eye. Local officials in Ector County, …
Markets/Coverages: CFC New Tool Helps Brokers Engage SMEs on Cyber
Specialist insurer CFC said it has a new tool available to brokers worldwide to help facilitate client conversations and unlock new streams of SME cyber clients. CFC said its new bite-sized Cyber Threat Review reports hone in on the real …
Best Quarter in a Quarter Century, Says S&P Q3 Analysis of US P/C
With a combined ratio of 89.1 for third-quarter 2025, the U.S. property/casualty insurance industry had its best quarter in at least a quarter of a century—and maybe longer, S&P Market Intelligence said. In a research report titled, “For U.S. P/C …
Does Quiet Hurricane Season Mean Lack of Experience for Adjusters?
A lack of bad weather isn’t always a good thing. It looks like the 2025 Atlantic hurricane season is wrapping up in quiet fashion—aside from Hurricane Melissa, which caused catastrophic damage in Jamaica before impacting the surrounding area—without any U.S. …
Trafigura Lawyers Claim Gupta Had History of Fraud Before Alleged $600M Nickel Scam
Trafigura lawyers accused Prateek Gupta of having had a history of fraudulent dealings before he allegedly organized a $600 million metals scam with the commodity group, as the Indian businessman gave evidence for the first time on Wednesday. Gupta acknowledged …