INSURANCE NEWS
While LA Burned, Rules to Protect Homes From Wildfires Were on Hold
As wildfires raged across Los Angeles in January, a state official parried an email from a resident living on the edge of the conflagration: When would long-delayed regulations designed to protect high-risk homes like hers be implemented? “I do not …
Musk Says xAI to Take Legal Action Against Apple Over App Store Rankings
Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple, accusing the iPhone maker of breaching antitrust regulations in managing the App Store rankings. “Apple is behaving in a manner that makes it …
Finland Charges Eagle S Tanker Captain, Officers Over Cable Cuts
Finland’s national prosecutor’s office said on Monday it had brought charges against the captain and first and second officers of the Eagle S oil tanker over the cutting of undersea cables in the Gulf of Finland in December. The Georgian …
2 Dead, 10 Injured After US Steel Plant Explosion Near Pittsburgh
Two workers were killed and at least 10 other people hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operating area …
Wildfires Briefly Shut Dardanelles Strait to Shipping as Europe Battles Infernos
Wildfires briefly shut the Dardanelles Strait to shipping on Monday evening, as extreme heat and strong winds fueled blazes across the Mediterranean. The Dardanelles — a vital maritime chokepoint for oil and gas from the Black Sea and Central Asia …
Swiss Re Tackles Longevity Drug Impact With Life Policy Advice
Swiss Re AG issued guidance for underwriters on how to assess life insurance applications of people who show signs of using medications for longevity purposes. Metformin, traditionally used to manage type 2 diabetes, and rapamycin, an immunosuppressant developed for organ …
Typhoon Podul Set to Strengthen Before Hitting Southern Taiwan
Typhoon Podul is expected to intensify as the system tracks toward southern Taiwan, bringing heavy rain and damaging wind gusts before making landfall on Wednesday. The typhoon was 730 kilometers (454 miles) southeast of Taitung City, packing top sustained winds …
5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B
“Are you being serious?” Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question from an analyst during the company’s second-quarter earnings call about the impact of litigation finance on the insurer’s results. “It’s …
Liberty Mutual in First FCPA Settlement Since Enforcement Restarted
Liberty Mutual will give up $4.7 million in profit to settle a U.S. criminal bribery probe into an Indian subsidiary, in the Department of Justice’s first public enforcement action of a federal anti-bribery law it resumed enforcing in June. In …
Florida Woman Posed as Nurse and Treated Thousands of Patients, Officials Say
PALM COAST, Fla. (AP) — A Florida woman is accused of posing as a licensed nurse and giving medical care to thousands of patients, authorities said. Autumn Marie Bardisa, 29, of Palm Coast, participated in medical services involving 4,486 people …
South Carolina DOI Pitches Rate Cut on Some Credit Property Insurance
The South Carolina Department of Insurance has proposed new rates for credit property insurance, holding the rate steady for household goods but reducing rates for other categories for 2026. Because rate decreases in recent years do not appear to have …
Legacy Risk Solutions Merges With Alabama-Based PointeNorth Insurance
Florida-based Legacy Risk Solutions, a network of independent insurance agencies, has merged with PointeNorth Insurance Group, bringing more options for agents in commercial and personal lines. The combined firm will operate as Legacy Risk Solutions, headquartered in Gainesville, Florida, the …