INSURANCE NEWS
Washington Labor Contractor Fined $1.25M for Workplace Violations
A farm labor contractor was fined $1.25 million for operating without a license and failing to provide nearly 5,000 workers with required employment details. The fine was issued by the Washington State Department of Labor & Industries following an investigation …
First Heat Wave of Season to Bake West, Increasing Wildfire Risk
Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be …
Trump Approves FEMA Disaster Relief for 8 States
President Donald Trump green-lit disaster relief for eight states on Friday, assistance that some of the communities rocked by natural disasters have been waiting on for months. The major disaster declaration approvals allow Arkansas, Iowa, Kansas, Missouri, Mississippi, Nebraska, Oklahoma …
People Moves: Fidelis Insurance Group Promotes Greenwood as CUO for Bermuda; Everest Names Former Chubb Executive Page to Board of Directors
This edition of International People Moves details appointments at Fidelis Insurance Group and Everest Group. A summary of these new hires follows here. Fidelis Insurance Group Promotes Greenwood as Chief Underwriting Officer for Bermuda Fidelis Insurance Holdings Ltd., the Bermuda-based …
Mechanic Sentenced to Prison, Must Pay $1.3M for Defrauding Missouri Customer
An auto mechanic was sentenced to 33 months in prison and ordered to repay $1.37 million to his victims for defrauding a Missouri customer, among others, the U.S. Attorney’s Office, Eastern District of Missouri announced last week. Beginning in November …
How to Protect Your Rooftop Solar Panels From Hail Damage
As the US heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it’s …
Florida’s Slide Insurance Files for Initial Public Stock Offering
Four years after it was founded, Florida-based Slide Insurance plans to go public. The holding company for the Tampa-headquartered company, which has more than 343,000 policies in Florida, last week filed registration paperwork with the U.S. Securities and Exchange Commission. …
Louisiana Stifles Community Air Monitoring With Threat of Million-Dollar Fines, Lawsuit Says
On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high levels …
Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report
Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more than US$1 billion. Rising geopolitical …
Boeing Agrees to Resolve US Criminal Case Over 737 Crashes
Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal charges for two fatal crashes of its 737 Max jets more than six years ago. The settlement was disclosed in …
TVA Becomes First US Utility to Seek Permit for Small Nuclear Reactor
For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation’s largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construction permit …
Industry Vet Plumeri Joins Insurance Advisory Partners as Chairman
Insurance veteran and former Willis Group Holdings CEO Joe Plumeri will occupy the new role of chairman at Insurance Advisory Partners (IAP). According to the investment bank focused on the insurance, insurance services and insurtech industries, Plumeri will start the …