INSURANCE NEWS
Neptune Flood: 77% of At-Risk Homes Outside FEMA Zones Have No Flood Insurance
Many homeowners underestimate their flood risk, leaving millions uninsured or underinsured in the face of a rising tide of flood events. A 2025 study from the Federal Reserve Bank of Philadelphia (FRBP) found 70% of annual flood losses remain uninsured, …
Florida Reports 21 Cases of E.coli Infections From Drinking Raw Milk
The Florida Department of Health said this week that 21 cases of Campylobacter and E. coli infections have been linked to drinking raw milk in the state, including six children under 10. The state health department reported seven hospitalizations linked …
Massachusetts Ambulance Firms to Pay $6M to Settle False Billing Charges
Massachusetts Attorney General Andrea Joy Campbell announced a $6 million settlement with two ambulance companies on charges they submitted false claims. The state said the settlement with Brewster Ambulance Service, Inc. and EasCare, LLC and their owners, Mark Brewster and …
Brookfield Turns Focus to Insurance as Source of Fresh Capital
Brookfield Corp. is planning to refocus itself into an investment-led insurer, marking a turn for the Canadian money manager that built its name as an owner of real assets. For years, Brookfield used its capital to mostly invest in real …
Frequent Disasters Expose Climate Risks to Infrastructure in South Asia
Floods that damaged hydropower dams in Nepal and destroyed the main bridge connecting the country to China show the vulnerability of infrastructure and need for smart rebuilding in a region bearing the brunt of a warming planet, experts say. The …
French Firefighters Battle to Control Worst Blaze Since 1949
French firefighters spent a third day tackling the country’s worst wildfire in more than seven decades, hoping to bring it under control by Friday as lower wind speeds reduce the intensity of the blaze.After starting on Tuesday, the fire in …
Aon’s NFP Acquires UK MGA Platform, Bspoke Insurance Group
NFP, an Aon company and leading international insurance brokerage and consulting firm, announced it has acquired Bspoke Insurance Group, a platform of multi-class niche and specialist managing general agents. Headquartered in Leeds, West Yorkshire in England with subsidiary offices in …
People Moves: ISNE Names Chamberlain to Succeed Ruhl
Insurance Services of New England (ISNE), headquartered in Wellesley, Massachusetts, named Mike Chamberlain as the new manager of membership and sales. With close to two decades of experience working with independent agents, Chamberlain previously held positions at The Hanover and …
Hackers Steal Passwords From UK’s NHS With Sneaky Malware Tool
Hackers have stolen login credentials from thousands of people working with the UK’s National Health Service, putting the organization at risk of further cyberattacks, according to researchers. The data theft is linked to a kind of malicious software known as …
Cybersecurity Pros Say IoT, Large Language Models Are Risk Areas of Concern
When it comes to systemic cyber risks, cybersecurity experts rated Internet of Things (IoT) devices and large language models (LLMs) as the most immediate emerging risk areas of concern. That finding came from a recent CyberCube and Munich Re survey …
Progressive Could Soon Breach Excess Profits in Florida Auto, Triggering Refunds
Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former policyholders. The corporation’s quarterly 10Q filing with the …
Federal Judge Upholds Rhode Island’s Gun Permit System for Open Carry
A federal judge says Rhode Island’s gun permit system, which requires residents to show “a need” to openly carry a firearm throughout the state, does not violate the Second Amendment. In a ruling handed down Friday, U.S. District Judge William …