INSURANCE NEWS

New York Shields Doctors Who Prescribe Abortion Pills

New York Gov. Kathy Hochul on Monday signed a bill to shield the identities of doctors who prescribe abortion medications, days after a physician in the state was charged with prescribing abortion pills to a pregnant minor in Louisiana. The …
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Investors With $6.8 Trillion Warn EU Not to Bow to ESG Backlash

A group of investors representing €6.6 trillion ($6.8 trillion) of assets is calling on European officials not to cave in to mounting pressure to scale back the bloc’s ESG regulations. The planned reporting rules are essential to help asset managers …
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Europe’s Water Resources Under Pressure With Most Surface Bodies Polluted, EU Says

Most of European Union surface water bodies are polluted by chemicals, the European Commission said on Tuesday, in a report that revealed the damaged state of Europe’s water resources. The European Union is drafting plans this year to tackle water …
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Farmers Ruined by PFAS Face Key Moment in Fight Against Pentagon

Neither Art nor Renee Schaap could bear to stay on their dairy farm in Curry County, New Mexico, in April 2022 as employees put down the last of their cattle, shooting 1,000 in the head one by one with .22 …
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Denmark to Intensify Scrutiny of Russia Shadow-Fleet Tankers

Denmark will ramp up inspections of ships transporting Russian oil through its narrow straits, in an effort to protect the environment and maritime safety from older vessels in Moscow’s shadow fleet. The Danish Maritime Authority will start conducting so-called Port …
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Slower Growth but Surplus Lines Premiums Still Up 12% in 2024

The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & Specialty Insurance Association (WSIA). 2024 premiums reflected a …
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13 US P/C Companies Impaired in 2023: AM Best

Thirteen U.S. property/casualty companies became impaired in 2023, 10 of which were placed into insolvent liquidation, according to an AM Best report. The insurance company impairments identified in the U.S. property/casualty industry in 2023 follow six reported impairments in 2022. …
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North Carolina Insurance Chief Reports Arrests in Deer, Storm Claims

A Charlotte man has been arrested on a felony charge of insurance fraud for allegedly falsely claiming to an insurer that his car was hit by a deer, according to North Carolina Insurance Commissioner Mike Causey. Causey’s Department of Insurance’s …
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Allstate Q4 Income Up 30% Despite High Hurricane-Related Losses

Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished 2024 with net income of $4.6 billion compared to a loss of $316 million the prior year. Results for the …
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Hub Acquires Missouri-Based Lindenwood Agency

Hub announced that it has acquired the assets of Lindenwood Agency, Inc. Terms of the transaction were not disclosed. Located in St. Charles, Missouri, Lindenwood Agency is one of the largest independent insurance agencies in St. Charles and has been …
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Emails Reveal Extent of Saints’ Intervention for Clergy Sex Abuse Crisis

As New Orleans church leaders braced for the fallout from publishing a list of predatory Catholic priests, they turned to an unlikely ally: the front office of the city’s NFL franchise. What followed was a monthslong, crisis-communications blitz orchestrated by …
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Trump Plans to Attend Super Bowl, Further Tightening Security

Federal law enforcement agencies are rolling out one of the most extensive Super Bowl security operations in recent history, following the deadly New Year’s Day terrorist attack in New Orleans. Adding to precautions, the Secret Service is also now making …
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