INSURANCE NEWS
FEMA Head Said He Was Unaware of US Hurricane Season, Sources Say
Staff of the Federal Emergency Management Agency were left baffled on Monday after the head of the U.S. disaster agency said he had not been aware the country has a hurricane season, according to four sources familiar with the situation. …
Doritos, M&Ms Could Be Forced to Include Warning Labels in Texas
A Texas bill on the verge of becoming law would require labels on packaged food from Skittles to Mountain Dew that warn about ingredients “not recommended for human consumption” by other countries. Texas Senate Bill 25, backed by Secretary of …
Central US Braces for Another Round of Severe Weather
Areas of the Central United States still recovering from severe storms last month face a threat of more severe weather this week, with heavy rain, flooding and hail forecast through the middle of the week. The National Weather Service said …
Demand for Pet Insurance Rises as Majority Owners Underestimate Cost of Care
Costs associated with pet care continue to rise, according to consumer financing company Synchrony’s 2025 Pet Lifetime of Care Study, which found an increase of 10% for dogs and close to 20% for cats since 2022. Expanding on original research …
Ron Perelman’s Fight Over $410 Million in Art Insurance Goes to Trial
Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge to force insurers to pay him more than $400 million for five paintings he says were damaged in the blaze. …
Tariff Gloom Weighs on US Manufacturing; Delivery Times Lengthening
U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs, potentially signaling looming shortages of some goods. President Donald Trump’s aggressive trade policy again dominated …
Homeowner’s Failure to Read Doesn’t Clear Agency of Negligence Claim – NC High Court
A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner who was denied coverage after a hurricane because key elements of the property were not mentioned in the coverage application. In a case that began almost a …
People Moves: Former NH Commissioner Nicolopoulos Joins Davis & Towle as CEO
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, named former New Hampshire Insurance Commissioner, Christopher Nicolopoulos as the agency’s new chief executive officer. Jeffrey Towle, previously the agency’s president has moved to the position of chairman of the …
EU Votes to Curb China’s Access to Medical Device Procurement
The European Union agreed overwhelmingly to curb Chinese medical device manufacturers’ access to public procurement contracts in the bloc, according to people familiar with the matter. EU countries voted Monday on the measure, which will ban access to public contracts …
EU Says it Will Make Strong Case for US Tariff Cuts This Week
The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminum to 50%. European …
People Moves: Lloyd’s Makes Executive Team Changes
Lloyd’s, headquartered in London, the world’s leading marketplace for insurance and reinsurance market for global risk, made several new appointments and updates to its executive team. Rachel Turk is appointed as chief of market performance and will join the Council …
People Moves: BevCap Names Dinardo as SVP of Captive Operations
BevCap Management, a program manager for casualty and medical stop loss captive insurance companies in multiple domiciles, announced that Dawn Dinardo has joined its team as SVP of Captive Operations. With nearly 20 years of experience in captive insurance management, …