INSURANCE NEWS
‘Catastrophic’ Hacks Warning Follows Intrusion of Cyber Firm F5
The cybersecurity company F5 Inc. said nation-state hackers breached its networks, gaining “long-term, persistent access” to certain systems and stealing some source code. The breach prompted alerts from cybersecurity agencies in the US and UK, with a senior US official …
Ransomware Ensnares $4.3 Trillion Muni Market’s Key Site
A ransomware attack is disrupting state and local borrowers’ ability to post debt documents on the $4.3 trillion municipal-bond market’s main distribution platform. MuniOS, a website operated by Ann Arbor, Michigan-based tech company ImageMaster LLC, has been out of service …
Trump Withholding $40.6M From California Over Truck Driver English Rules
The Trump administration said Wednesday it is withholding $40.6 million from California in federal transportation funding for failing to comply with truck driver English proficiency rules. The U.S. Transportation Department had warned California, Washington state, and New Mexico in August …
Illinois Sues State Farm for Refusal to Release Homeowners’ Insurance Data
The State of Illinois is suing State Farm for refusing to provide nationwide homeowners’ insurance data at the request of the Illinois Department of Insurance (IDOI). Attorney General Kwame Raoul filed the lawsuit on Oct. 14 on behalf of Director …
UK Sanctions Russia’s Lukoil and Rosneft, Targets Shadow Fleet
Britain targeted Russia’s two largest oil companies, Lukoil and Rosneft, and 51 shadow fleet tankers on Wednesday in what it described as a new bid to tighten energy sanctions and choke off Kremlin revenues. Lukoil and Rosneft were designated under …
People Moves: The Mutual Group Names Troy as CEO
The Mutual Group, LLC announced Tom Troy as Chief Executive Officer, effective January 5, 2026. Troy has over 30 years of experience at several major insurance carriers, including senior leadership roles at some of the largest and most well respected …
Credit Suisse Bondholders Given Fresh Hope by Swiss Court Ruling
A Swiss court has given fresh hope to Credit Suisse bondholders who sought damages after their investments were wiped out when UBS Group AG rescued the bank in a government-brokered deal over two years ago. The complainants, some 3,000 investors, …
People Moves: Miller Taps Menn From Intact/RSA as Head of France; Aon UK Promotes Beverely as Chief Broking Officer, Gleeson as Head of Products
This edition of International People Moves details appointments at the re/insurance brokers Miller and Aon in the UK. A summary of these new hires follows here. Miller Taps Menn From Intact/RSA as Head of France Miller, the London-based independent specialist …
Texas Ag Commissioner at Odds with USDA Over Screwworm Control Methods
USDA slaps down Texas Agriculture Commissioner Sid Miller over New World Screwworm Kate McGee and Berenice Garcia, The Texas Tribune October 14, 2025 Texas Agriculture Commissioner Sid Miller is trading barbs with the Trump Administration over its response to a …
Stellantis to Invest $13B in the US, Focused on Midwest Plants
Stellantis STLAM.MI announced a $13 billion investment in the U.S. on Tuesday, a move it said will bring five new models to the market and add 5,000 jobs in plants across the Midwest over the next four years. The plan, …
Specialist Risk Group Acquires Wholesale Team From Lockton
Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired a new wholesale team from Lockton. SRG said the move further strengthens SRG’s London market capability and expands its specialist proposition across its existing subsidiaries Miles Smith, CBC …
Alliant Expands Transportation Risk and Cross-Border Expertise in Texas
Alliant Insurance Services acquired Texas Insurance Agency in Laredo, one of the U.S.’s busiest international trade ports, specializing in cross-border trucking risk and insurance; as well as McAfee Insurance Agency in Mabank, a leading insurance service provider in East Texas. …