INSURANCE NEWS
Insurance IPOs Hit 20-Year High on Wall Street
Insurance companies’ first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump’s trade war. Predictable cash flows and resilient business model gave private equity firms …
Florida Takes Steps to Put Recreational Marijuana on the Ballot Next Year
Florida elections officials have taken early steps under pressure from activists to advance a proposed initiative to legalize recreational marijuana to next year’s ballot, legal filings show. The procedural move comes after the campaign behind the issue, Smart & Safe …
Belgian Farmer Sues French Energy Giant for Damage Caused by Climate Change
A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by climate change, in the latest lawsuit by environmental activists against big energy companies. Ahead of the …
Zurich, Arrowsight Camera-Coaching Pilot Slashes NYC Workers’ Compensation Claims
A three-year pilot program using video surveillance and coaching at New York City construction sites led to a more than 50% drop in workers’ compensation claims frequency and enhanced jobsite safety. According to insurer Zurich North America, Zurich Resilience Solutions …
Court Pauses California Law Requiring Companies to Report Climate-Related Financial Risk
A U.S. appeals court paused a California law set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially. Another new law requiring major companies to annually disclose their …
Europe’s Cold Snap Puts Thousands of New Heat Pumps to the Test
The Arctic cold snap hitting Europe this week will be a test for thousands of Polish families that in recent years replaced coal furnaces with solar panels and heat pumps to heat their homes. Temperatures are expected to drop to …
Major Music Labels Strike Deals With New AI Streaming Service
The world’s largest music companies have licensed their works to a music startup called Klay, which is building a streaming service that will allow users to remake songs using artificial intelligence tools. Klay is the first music AI service to …
Karen Read Claims ‘Gross Misconduct’ by State Police Shielded Real Killers
Karen Read, who was found not guilty of charges in the death of her boyfriend, has filed a lawsuit accusing members of the Massachusetts State Police and several others of targeting her and shielding the real killers. Read walked out …
Australia Banking Regulator Warns on Elevated Risks From Abroad
Risks to Australia’s financial system from overseas are heightened and current geopolitical volatility will remain for some time, according to the nation’s banking regulator. While the country is well-placed to absorb potential shocks, the resilience could be eroded if institutions …
Former New China Life Insurance Chair Gets Suspended Death Sentence for Corruption
The former chairman of New China Life Insurance, Li Quan, was sentenced to death with a two-year reprieve on corruption charges by a court in the Chinese province of Shandong, national broadcaster CCTV reported on Wednesday. Li’s case adds to …
Missouri to See Small Increase in Workers’ Comp Rates in 2026
The Missouri Department of Commerce and Insurance (DCI) announced that workers’ compensation rates will increase slightly for employers for 2026. The National Council on Compensation Insurance (NCCI) proposed a slight 1.3% increase for 2026 workers’ compensation loss costs, marking only …
People Moves: The McGowan Companies Appoints Pitonyak as VP of National Programs
The McGowan Companies, headquartered in Fairview Park, Ohio, appointed Lauren Pitonyak as vice president of national programs. Pitonyak has over 14 years of experience in the insurance industry. From 2011 to 2019, she served at Aon Affinity in Hatboro, Pennsylvania, …