INSURANCE NEWS

SEC Plan Says Existing Staff Cuts Help Meet DOGE Targets

Wall Street’s top regulator told the White House in March it had already made substantial progress toward meeting President Trump and Elon Musk’s demands for leaner government via voluntary workforce reductions, according to a planning document obtained by Reuters. The …
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Whole Foods Supplier United Natural Foods Says Cyber Incident Disrupted Operations

United Natural Foods Inc., one of the largest U.S. grocery distributors whose clients include Whole Foods, took certain systems offline in recent days after the discovery of unauthorized activity on internal networks, the company said on Monday. A Whole Foods …
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Ryan Specialty Underwriting Managers Forms International Renewable Energy MGU

Ryan Specialty Underwriting Managers (RSUM), the specialty underwriting segment of Ryan Specialty, has launched Ryan Specialty Renewables, an international renewable energy managing general underwriter. The MGU is formed from the unification of existing company brands: PERse Americas, PERse International, de …
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New Push to Reframe DEI in London Shifts Away from Diversity

A new study aims to reframe the global debate surrounding diversity, equity and inclusion in the City of London by focusing less on demographics and more on hiring people with diverse experiences. The report, published on Monday by the Diversity …
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UK Judge Warns of Risk to Justice After Lawyers Cited Fake AI-Generated Court Cases

Lawyers have cited fake cases generated by artificial intelligence in court proceedings in England, a judge has said — warning that attorneys could be prosecuted if they don’t check the accuracy of their research. High Court justice Victoria Sharp said …
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USI Mid-Year Update: Ongoing Trends to Continue

Mid-year insurance industry assessments indicate that the ongoing trends of the last six months are likely to persist through the end of the year, even if the conditions in question are defined as unstable or unpredictable. The new USI report, …
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Fitch Warns of Rising Mortgage-Bond Risk Due to Extreme Weather

For analysts at Fitch Ratings, the recent demolition of a Swiss village by a glacier is fresh proof that climate change is altering the laws of mortgage risk. The world looked on in shock last month as 3 million cubic …
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Financier Lex Greensill Decries ‘Code of Silence’ Around SoftBank Deals

Financier Lex Greensill said there was a “code of silence” around a series of transactions with SoftBank Group Corp. to keep potential losses hidden, in his first public court appearance since the high-profile collapse of his firm. Greensill is giving …
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Unison Risk Advisors Acquires Boutique Hatcher Insurance Agency in Orlando

The Orlando-based boutique agency and brokerage Hatcher Insurance is now part of Unison Risk Advisors, Unison announced this week. Hatcher, founded almost 80 years ago, offers property and liability insurance, surety bonding, employee benefits and personal insurance services. Industry veterans …
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Waymo Halts LA Service After Cars Destroyed During Protests

Waymo has suspended service of its ride-hailing service in downtown Los Angeles after its vehicles were set on fire during protests against immigration raids in the area. Waymo doesn’t believe the protests are related to the company specifically, according to …
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Insurance Companies Urged to Respond to TDI Data Call by July 11

The Texas Department of Insurance (TDI) said it has issued a data call to Insurance companies writing personal automobile and residential property policies to gather information for the HelpInsure.com website. TDI said in a commissioner’s bulletin that HelpInsure is a …
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Report Reveals Delay in Deploying Specialized Plane in Ohio Train Derailment

A specialized plane equipped with advanced sensors that the government deploys to chemical disasters could have helped authorities avoid needlessly blowing open five rail tank cars and burning their toxic contents after the disastrous 2023 East Palestine train derailment, a …
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