INSURANCE NEWS
Wisconsin Republicans Kill Cannabis Legalization And Tax Increases for Millionaires
Republicans who control the Wisconsin Legislature voted to kill most of the top spending priorities of Democratic Gov. Tony Evers, including legalizing marijuana, even as both sides negotiate a tax cut. The Legislature’s Republican-controlled budget committee voted late last week …
Texas Insurance Fraudster Given Prison Sentence and $350K Fine
A federal judge sentenced a McAllen woman who reportedly helped commit property and title fraud schemes to 24 months in prison and three years of supervised release. Chief U.S. District Judge Randy Crane also ordered Mayela Saby Cantu to pay …
Report Describes Final Moments of Plane Crash That Killed Massachusetts Family
Federal investigators are outlining the final moments of a plane crash last month in upstate New York that killed a family from Massachusetts heading to the Catskills to celebrate a birthday and the Passover holiday. The victims of the April …
Space War: Marsh Sues Willis Over Aviation Insurance Hires Soliciting Clients
Insurance broker Marsh USA is asking a New York court to stop several former employees and rival Willis Towers Watson from preparing to steal its aviation and space insurance clients using confidential information. In a lawsuit filed in New York …
London Workers Hit by Travel Disruption After Power Outage
London commuters face significant disruption to their journeys after a power failure knocked out parts of the capital’s underground network. Trains are delayed or not running on all or some sections of the Bakerloo, Jubilee, Piccadilly and Northern lines. The …
Markets/Coverages: QBE Starts New Commercial Property Product for Large Companies
QBE North America today announced the launch of its new commercial property product, providing custom solutions for comprehensive coverage to large companies across the United States. Combining deep, industry-leading expertise with a commitment to customer service excellence, the new commercial …
Chinese Exporters Elated by Reprieve in US-China Trade War
The US-China deal temporarily lowering tariffs comes as a relief for Chinese exporters in limbo since the onset of a trade war between the world’s two largest economies. The Trump administration’s 145% duties on most Chinese imports will be cut …
Hub to Get $1.6B Minority Investment, Valuing Company at $29B
Hub International Limited said the brokerage entered into a definitive agreement on an investment of about $1.6 billion from several firms. Hub said the investment, valuing the Chicago-based company at $29 billion, is being led by accounts advised by T. …
Cyber Insurer Coalition: Costs From Business Email Compromise Rise in 2024
About 60% of claims handled by cyber insurer Coalition were from business email compromises—and about a third of those including funds transfer fraud. According to it’s “2025 Cyber Claims Report,” Coalition said claims severity involving business email compromise (BEC) increased …
Markets/Coverages: Markel Launches Clinical Trials Cover to Support Research Globally
Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its clinical trials insurance product. Markel said the product underscores its commitment to providing best-in-class solutions to support clinical trials research and product development on an international …
Tornadoes, Winds, Rain Hit Florida Panhandle and Parts of Alabama
Tornadoes, strong winds and flash flooding hit parts of north Florida and Alabama over the weekend, damaging dozens of homes and commercial and farm structures, weather and local news sites reported. In the Florida Panhandle, tornadoes ripped roofs from homes …
Drug Companies Paying Hawaii $700 Million to Settle Plavix Blood Thinner Suit
Pharmaceutical companies have agreed to pay Hawaii $700 million to settle its lawsuit over the efficacy and safety of the blood thinner Plavix, the state attorney general’s office announced. A court ruling last year ordered Bristol Myers Squibb Company and …