INSURANCE NEWS
Germany Evacuates Nearly 2,000 People as Wildfire Spreads in the West
More than 2,000 people evacuated their homes in western Germany on Friday, after a wildfire near the Belgian border spread towards a village, local authorities said. Residents were asked to leave their homes in the village of Gey at around …
France Evacuates 525 People as New Wildfire Hits Pine Woods in Southwest
French authorities have evacuated 525 people from the village of Luglon after a wildfire broke out in the southwestern Landes region, not far from an area already devastated by major blazes this summer. The fire, which has razed 1,100 hectares …
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says
The peak of tornado season may be behind us, but the eastward expansion of what has been traditionally known as Tornado Alley into more populated areas may continue raising insurance risk for some time. Record tornado activity in Illinois, Indiana, …
US Climate Prediction Center Sees 69% Chance of Historic El Niño
The El Niño building in the Pacific Ocean is increasingly expected to reach a strength not seen in 76 years of record keeping. “During the October-December 2026 season, there is a 69% chance of a historic event that would exceed …
Almost All Top US Companies Had Board Diversity Rules. Now Most Are Gone
Three years ago, nearly every major US company explicitly considered diversity when choosing new directors. Now, most don’t. In all, 61 S&P 100 companies have dumped explicit diversity criteria for future board members since 2023, according to an ESGAUGE analysis …
Cargo Thefts Drop in Q2 but Losses More Than Double
Cargo theft incidents were down 26% in the second quarter 2026 compared with the same time a year ago but it turns out that thieves stole expensive items as losses reached over $300 million. According to a report from Verisk’s …
Aon’s NFP Buys Cannabis Business From Frontier Risk
NFP, a subsidiary of Aon, the international insurance broker, announced it has acquired the retail cannabis business of Frontier Risk Group, a specialty insurance company that has focused on the marijuana industry. Frontier is based in Norwalk, Connecticut. Eric Scheider, …
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors
Almost four years after he pleaded guilty, the top associate to convicted briber, insurance entrepreneur and fraudster Greg Lindberg has been sentenced to two years in prison. Christopher Herwig, who was chief investment officer for Lindberg’s Eli Global and other …
NJ School Board Not Liable for Boy’s Shooting at Football Game With No Metal Detectors
A New Jersey public school district has been found not liable for the fatal shooting of a 10-year old boy at a high school football game where security did not include metal detectors to screen attendees. The boy’s mother and …
Markets/Coverages: AIG Starts Parametric Cloud Outage Solution
American International Group (AIG) said it launched a new Parametric Cloud Outage Solution, providing clients an additional layer of cyber insurance protection to help them recover faster from business interruption losses resulting from cloud service outages and cloud provider downtime. …
Dallas-Based Bus Companies Settle Allegations of PPP Loan Violations for $3.9M
Tornado Bus Company, Inc. and El Expreso Group, LLC, two affiliated Dallas-based bus companies that operate numerous international bus routes between the United States and Mexico, agreed to pay $3.9 million to resolve allegations that the companies violated the False …
Legal Battles Expected Over Corpus Christi’s Water Rate Referendum
Reservoirs have rebounded, but the fight over water isn’t over in Corpus Christi. The City Council has ordered a public referendum on a citizen-led petition that would sharply increase the price of water for industrial facilities during drought. The proposal …