INSURANCE NEWS
District of Columbia Seeks Federal Help for Potomac River Sewage Spill
District of Columbia Mayor Muriel Bowser has requested federal support as the region continues to deal with a January 19 pipe break that sent sewage flowing into the Potomac River northwest of Washington. Bowser has asked for a Presidential Emergency …
Georgia Supreme Court Disbars Workers’ Comp Attorney for Taking Client Funds
The Georgia Supreme Court this week disbarred a workers’ compensation claimants’ attorney after in investigation alleged that he had forged clients’ signatures and kept almost $160,000 in settlement proceeds for his own use. Bryan Matthew Pritchett, of Chamblee, had been …
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows
Insurtech Lemonade reported a fourth quarter 2025 net loss of about $21.7 million compared with a loss of about $30 million during the same time in 2024. Revenue and gross profit increased 53% and 73%, respectively, versus Q4 2024. However, …
Edison Is Slashing Top Executive Bonuses After Deadly LA Fire
Edison International is cutting top executive bonuses by 40% to reflect the impact of the devastating Los Angeles-area wildfire that killed 19 people and damaged or destroyed more than 10,000 structures. The decision follows a hard season for Edison’s Southern …
Palantir Gets Partial Win in Fight With Ex-Workers at AI Startup
A judge agreed with Palantir Technologies Inc. that a trio of former employees likely violated confidentiality and non-solicitation agreements in founding their artificial intelligence startup but stopped short of halting their work at the new company, Percepta. Palantir sued Percepta …
Markets/Coverages: BluNiche Launches Pharmaceutical Product Recall Insurance
BluNiche, the London-based product recall specialist MGA, announced the launch of its Pharmaceutical Recall Insurance product, expanding its portfolio to provide dedicated coverage for the pharmaceutical sector. The new offering provides comprehensive recall protection for pharmaceutical companies, contract manufacturers, contract …
India to Decide on Russia Oil Tanker Insurance Firms in Days
The Indian government must decide in the next few days whether to keep allowing a handful of Russian companies to insure tankers when they deliver oil to the Asian nation. The process comes at a time when New Delhi is …
UK Floods Raise Specter of ‘Mortgage Prisoners’ for Banks
As the prospect of flood damage haunts an ever larger number of UK homes, the country’s banks are under growing pressure to prove they’re not underestimating the risk in their mortgage books. Nationwide Building Society — once seen as an …
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley
Zurich Insurance Group AG’s profit rose to a record in 2025, giving Chief Executive Officer Mario Greco a tailwind as he pursues the acquisition of Beazley Plc. Group operating profit rose to $8.9 billion in the year, the company said, …
Startups in Britain Turn to AI Instead of Costly New Hires
British entrepreneurship appears to be on the rise, with tens of thousands of new businesses popping up. The problem, for workers, is that these startups are increasingly using artificial intelligence and freelancers instead of taking on permanent staff. New firms …
People Moves: Gallagher Expands Executive, Financial Risk Practice Leadership; AXA XL Promotes Williams and Schmude in Specialty Insurance
Gallagher Expands Executive and Financial Risk Practice Leadership Team Gallagher, headquartered in Rolling Meadows, Illinois, appointed new leaders in its executive and financial risk practice. Seth Pfalzer has been appointed senior vice president and national director, joining the practice’s board …
Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’
A U.S. federal judge threw out on Tuesday a lawsuit against Buffalo Wild Wings that alleged the restaurant and sports bar chain deceived consumers by selling boneless wings that are not actually de-boned chicken wings. Judge John Tharp Jr. in …