INSURANCE NEWS
Turbulent Waters May Have Been Factor in Mexican Ship’s Crash Into Brooklyn Bridge
When a Mexican navy tall ship crashed into the Brooklyn Bridge, it was maneuvering in turbulent waters. The tide had just turned, and a fast current was heading up the East River as a 10 mph wind set in. While …
Despite Backlash From Trump, DEI Hasn’t Disappeared at US Companies
Walmart Inc. stunned civil-rights activists in November by saying it was pulling back on diversity, equity and inclusion efforts. The world’s largest retailer said it would stop using the term “DEI” in official communications, remove some LGBTQ products from its …
Fire Destroys Mansion on a Former Louisiana Sugar Plantation
Flames ripped through a massive mansion in Louisiana, destroying much of the historic structure that was used as a plantation house when it was completed in 1859, authorities said. The fire that engulfed the Nottoway Plantation House on Thursday devastated …
M&S’ Slow Recovery From Cyberattack Puts it at Risk of Lasting Damage
A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritizes safety over speed, while retailers worldwide race to boost their defenses. The attack on the …
UK Legal Aid Hack Includes ‘Significant Amount’ of Personal Data
Hackers have stolen a “significant amount of personal data” from people who received legal aid across England and Wales, the UK’s Ministry of Justice said. A breach at the Legal Aid Agency that was identified by the government in April …
People Moves: Castillo to Head Protecdiv’s Construction; Snyder Joins Mass. Workers’ Comp Council
Protecdiv, headquartered in Philadelphia, Pennsylvania, hired David Castillo as executive vice president and national construction practice leader. In this newly created role, Castillo leads the strategic growth and development of Protecdiv’s construction and surety business. Castillo has 0 years of …
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter 2025 rose by 4.2%—down 22% from the last three months of 2024 and a “clear” signal of …
Severe Weather Leaves at Least 27 Dead, Including 18 in Kentucky
At least 27 people have been killed by storms systems that swept across part of the U.S. Midwest and South, with Kentucky Gov. Andy Beshear announcing Saturday that 18 of the deaths came in his state and 10 others were …
Storms, Tornadoes Hit Kentucky and St. Louis as More Weather Approaches
LONDON, Ky. (AP) — More severe storms were expected to roll across the central U.S. this week following the weather-related deaths of more than two dozen people and a devastating Kentucky tornado. The National Weather Service said a “multitude of …
Capital One to Pay $425 Million to Settle Claims Over Savings Accounts
Capital One has agreed to pay $425 million to settle nationwide litigation accusing it of cheating savings account depositors out of much higher interest rates by not telling them they could move their money to higher-yielding accounts. A notice describing …
EnergyAustralia Apologizes to Customers After Greenwashing Case
CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing of its carbon offsetting products. The apology was part of a settlement with advocacy organization Parents for Climate, which launched …
UK’s Anglian Water Fined £1.4 Million Over Drinking Water Failures
Britain’s Anglian Water was fined 1.4 million pounds ($1.9 million) over drinking water contamination, in the latest scandal in an industry which is facing a public backlash over environmental failures and rising bills. The government has launched a review aimed …