INSURANCE NEWS
Czech Republic Hit by Major Power Outage Triggered by Fallen Cable
A power outage in large parts of the Czech Republic, including Prague, trapped people in public transport and lifts and idled factories on Friday after a fallen high-voltage cable disrupted the network. The incident is likely to add to concerns …
Big I Celebrates Continued Tax Deduction for Many Independent Agents
The Independent Insurance Agents & Brokers of America (Big “I”) last Thursday celebrated the passage of the “One Big Beautiful Bill.” “The Big ‘I’ would like to thank the U.S. Congress and President Trump for their work to bring more …
Lululemon Gets Aggressive About Lookalikes With Costco Lawsuit
Lululemon Athletica Inc. is accusing Costco Wholesale Corp. of copying its apparel designs in a lawsuit — and the upscale sportswear company shared images with the court to back up its case. Here’s a look at the specific products that …
A Majority of Companies Are Already Feeling the Climate Heat
Climate change is already having an impact on companies around the world. Over half of the firms surveyed in a recent Morgan Stanley report experienced the climate’s impact on operations within the past year, including increased costs, worker disruption and …
NC Carrier Sanctioned for Pressing Workers’ Comp Claim it Had Denied
What happens when an employer and its workers’ compensation insurer deny a claim, then face a wrongful death tort suit, then attempt to have the comp claim reinstated, going so far as to pay weekly wage amounts to the deceased …
Study Examined Liability Insurance for Adult Family Homes in Washington
A report submitted to the Washington State Legislature examines the state of the liability insurance market for adult family homes in Washington, finding the market to be largely sustainable—but it does provide suggestions for increasing the appeal of AFHs to …
Deadly Floods Reinforce Texas’ Challenge as Crisis Epicenter
Before dawn Friday morning, city manager Dalton Rice went for a jog along the Guadalupe River in Kerrville, Texas. He finished his run around 4 a.m. as a light rain set in. An hour later, he began receiving emergency calls: …
‘Preventable’ National Grid Failures Led to Heathrow Fire: Report
A fire that shut London’s Heathrow airport in March, stranding thousands of people, was caused by the UK power grid’s failure to maintain an electricity substation, an official report said on Wednesday, prompting the energy watchdog to open a probe. …
People Moves: Ki Appoints Ex-PartnerRe Executive Bonneau as Chair
Ki Appoints Ex-PartnerRe Exec Bonneau as Chair Ki, the algorithmically powered Lloyd’s digital follow platform, announce the appointment of Jacques Bonneau as non-executive chair for Ki Financial Ltd., effective July 1, 2025. Bonneau was previously president & CEO of PartnerRe, …
Tensions Are Starting to Brew Over Waterways for US LNG Cargoes
One of the US largest exporters of liquefied natural gas, Venture Global Inc., is raising questions over how to share a common waterway with a planned neighbor — it’s a move that underscores a coming bottleneck for shipping space in …
Judge Dismisses Texas Attorney General’s Lawsuit Over State Fair Gun Restrictions
A Dallas County district judge dismissed state Attorney General Ken Paxton’s suit against the State Fair of Texas and the City of Dallas, for gun restrictions that were enacted following a 2023 shooting that injured three people at the fairgrounds. …
Wisconsin Sports Park Sued for Firing Christian Employee
Crystal Ridge Ski Area, LLC, doing business as The Rock Snowpark, a winter sports park and summer events venue in Franklin, Wisconsin, violated federal law when it terminated a lift operations manager because of his religion, the U.S. Equal Employment …