INSURANCE NEWS
Parents Want More Warnings After Brain-Eating Amoeba Killed Son in SC Lake
Two weeks after Jaysen Carr spent the Fourth of July swimming and riding on a boat on one of South Carolina’s most popular lakes, he was dead from an amoeba that lives in the warm water and entered his brain …
Newsom Seeks $18B for Utilities’ Wildfire Fund as California Faces Future Blazes
California Gov. Gavin Newsom is circulating a legislative proposal to shore up a state fund for utilities that’s at risk of being depleted following the deadly wildfires that struck Los Angeles County in January. The plan would channel an additional …
Damages Exceed $3 Million After Towboat Strikes Iowa Bridge
Damages totaled more than $3 million after a tow pilot struck components of an Iowa bridge in May 2024, the National Transportation Safety Board said in a recent investigation report. According to an NTSB news release issued Tuesday, the towing …
Markel Insurance Selling Reinsurance Renewal Rights to Nationwide
Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2 billion book to Nationwide, according to Markel Group and Nationwide in separate announcements on Wednesday. Neither company disclosed financial terms of the deal. Markel …
Court Blocks Arkansas Ban on Pharmacy Benefit Managers Owning Pharmacies
A federal judge temporarily blocked on Monday Arkansas’ first-in-the-nation law that would have prohibited pharmacy benefit managers from owning pharmacies in the state. U.S. District Judge Brian Miller issued a preliminary injunction against the law restricting pharmacy benefit managers, who …
US Property-Focused-MGA Avatar Launches in UK, Led by Clapham From Aon
Avatar MGA Ltd., a next generation managing general agent (MGA), has received Lloyd’s coverholder and UK regulatory approval to begin binding business from Aug. 1, 2025. The US D&F property-focused MGA is backed by three market-leading syndicates at Lloyd’s, the …
Strong Storms in Upper Plains and Midwest Damage Buildings, Cause Power Outages
Strong storms that brought hurricane-force winds to an area stretching from the Upper Plains to the Midwest have been preliminarily classified by the National Weather Service as a derecho, defined as a long-lived line of storms with extreme winds. The …
Potential Removal of Petrochemical Watchdog Puts Texans at Risk, Critics Say
Even today, more than five years later, residents still talk about the fire. The chemical facility burned for three days, leaked toxic runoff into the waterways, forced schools and businesses to close and prompted a shelter-in-place order for everyone in …
Viewpoint: ‘AI Action Plan’ Does Not Address AGI, Superintelligence, or Alternate Intel
On July 23, 2025, the White House released its policy document entitled Winning the Race: America’s AI Action Plan. The Action Plan provides a thorough analysis of strategies, measures, and potential concerns to guide the future development of AI. It …
Dating Advice App Tea Suspends Messaging After Breaches
The women-only U.S. dating advice app Tea has suspended direct messaging following a series of security breaches that exposed its users’ personal details and sensitive communications, the company said on Tuesday. In a series of posts to TikTok, Tea Dating …
Viewpoint: Green Technologies Bring New Property Risks – and Opportunities
From roof-mounted solar panels and automated warehouses to electric vehicle depots, green technologies are transforming commercial property risk profiles. While these innovations improve energy efficiency and sustainability, they also introduce new challenges: including fire hazards from solar photovoltaic (PV) systems, …
Risk Strategies Acquires Assets of 3 New Mexico Firms
Risk Strategies acquired the assets of Santa Fe, New Mexico-based firms Zia Insurance Services, Tyra Enterprises Inc. and Capitol Insurance Services Inc. The firms will become part of the Risk Strategies West Region, and report to Pat Roth, west region …