INSURANCE NEWS
Idaho Man Pleads Guilty to Felony Workers’ Comp Fraud
An Idaho man pleaded guilty to one count of felony insurance fraud in connection with a workers’ compensation claim following an investigation led by the DOI’s Fraud Investigation Unit that showed he illegally collected benefits. Mark Chafin, of Post Falls, …
AIG General Insurance Underwriting Income Up 46% in Q2
Second quarter underwriting income in AIG’s General Insurance segment increased 46% compared with last year, to $626 million. The unit—North America commercial, International commercial, and global personal—recorded $170 million in catastrophe-related charges in Q2 2025, compared with $330 million for …
California Cannabis Grower Said 9 Employees Were Among Hundreds Detained in Raid
California’s biggest legal marijuana grower said nine of its employees were detained in a federal immigration raid last month that netted hundreds of arrests, and that the business has ended its relationship with two labor contractors that supplied its farmworkers. …
Researchers Are Resurrecting Billion-Dollar Disaster Tool Trump Killed
A climate nonprofit is planning to revive a key federal database tracking billion-dollar weather disasters that the Trump administration formally stopped updating in May. The database — which was produced by the National Oceanic and Atmospheric Administration — is set …
New Hampshire Approves 6.1% Workers’ Comp Rate Cut for 2026
The New Hampshire Insurance Department (NHID) has approved an average 6.1% reduction in voluntary workers’ compensation loss costs effective January 1, 2026. The assigned risk pool for risks not insured in the voluntary market will see a reduction of 5.4%. …
Texas Security Services Provider to Settle Sex Discrimination Lawsuit
HSS Security, LLC, a company that provides security services to hospitals in Texas, will pay $35,000 and provide other relief to settle a sex discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced last …
Mercury Insurance and Safeco Insurance to Transition California Customers and Agents
Mercury Insurance is partnering with Liberty Mutual Insurance on a plan to provide coverage for thousands of California Safeco Insurance customers impacted by a shift in Liberty Mutual’s California personal lines product strategy. The companies say that Liberty Mutual will …
Michigan Governor Confronts Trump on Tariff Hit to Auto Industry
Michigan Democratic Governor Gretchen Whitmer told President Donald Trump that his tariffs are having a negative effect on her state’s flagship auto industry during a closed-door meeting at the White House. Whitmer, a possible 2028 presidential candidate, made the case …
Allstate to Pay Half Million on Georgia Claim Highlighted in Hearing, Senator Says
Three months after a U.S. senator chastized Allstate for its response to a Georgia woman’s storm claim, Allstate has paid more than 10 times its initial payout on the claim, U.S. Sen. Josh Hawley said Tuesday. “Allstate has finally agreed …
People Moves: Lloyd’s Appoints Flaquet From Hiscox as Chief Operating Officer; Arch Insurance International Hires Byford as Senior Contingency Underwriter
This edition of International People Moves details appointments at Lloyd’s and Arch Insurance International. A summary of these new hires. Lloyd’s Appoints Flaquet From Hiscox as Chief Operating Officer Lloyd’s, the world’s leading insurance and reinsurance market for global risk, …
Highstreet Adds $550M in Growth Capital for Acquisitions
Highstreet Insurance Partners announced with a new round of $550 million in capital to further its expansion and acquisition strategy. Led by Ares Capital, the incremental $550 million delayed draw term loan (DDTL) was upsized from a $500M initial ask …
Texas House Members Discuss Flood-Related Bills Despite Standstill
Texas House members on a special committee for disaster preparedness met Tuesday to discuss for the first time specific bills filed in response to the deadly Central Texas flooding. The hearing included bills that would require flood disaster plans for …