INSURANCE NEWS
Billionaire-Backed California City Pitches Plans for Factory Hub
California Forever, the proposed futuristic community backed by billionaire venture capitalists, is now billing itself as a manufacturing center a year after local opposition forced it to withdraw plans to incorporate a new city. The project’s organizers said Thursday that …
Everclear High-Proof Alcohol Poses Extreme Risk, Alleges Burn Victim’s Lawsuit
In May 2025, Massachusetts college student Yvette Yuri Lanuza Digan was at a fraternity gathering when another person poured Everclear grain alcohol onto an open fire in the backyard of the house. An enormous fireball instantly erupted, enveloping Digan who …
Inszone Acquires Kansas’ Snell-Nelson Insurance Agency
Inszone Insurance Services announced that it has acquired Snell-Nelson Insurance Agency, Inc, an agency based in Ashland, Kansas, with additional operations throughout Kansas and Oklahoma. Established in 1985 by Monica Meininger, Snell-Nelson Insurance Agency has built a reputation with clients …
Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse
Nearly a quarter of cybersecurity bosses said their companies have experienced an attack powered by artificial intelligence in the past year, according to a new survey in which AI risk emerged as the defining challenge. The number of AI-enabled attacks …
Illinois Woman Sentenced to 15 Years for Insurance Fraud and Arson Scheme
A district judge this month sentenced sentenced Evette “Betty” Osuegbu, 62, of Granite City, Illinois to 15 years in federal prison for her role in a string of arsons and insurance fraud stretching from 2014 to 2023. Following a five-day …
Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility
Price Forbes, the London-based re/insurance broker, announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders across placements for short-period construction within the U.S., Canada and Australia. Price …
Tesla Failed to Stop Autopilot Misuse, Safety Expert Testifies
Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision. Mary “Missy” Cummings, an engineering professor at George Mason University, told jurors in Miami federal …
Patriot Growth Adds Florida-based Legacy Insurance to the Team
Patriot Growth Insurance Services, a national insurance brokerage and partnership platform, has announced another team member: Florida-based Legacy Insurance Solutions. Legacy is a family-founded insurance agency with offices in Tallahassee and Palm Beach Gardens. It was founded in 2011. Brand …
Allstate Expects Another $2B Catastrophe Losses in Q2
Prior to reporting second-quarter results later this month, Allstate said today it expects slightly lower catastrophe losses in the second quarter, and estimated the bill to be nearly $2 billion. In reporting monthly catastrophe losses, Allstate estimated $619 million from …
Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024
Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2 billion in Q2 2024, with underlying (organic) revenue growth of 4%, compared with an increase of 6% in Q2 2024. …
A Look Inside the Tenn. Lab Making Advanced Fuel for US Nuclear Ambitions
OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousands …
FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska
The Federal Aviation Administration has issued a final rule amending the instrument flight rules (IFR) altitudes and changeover points for several Federal airways, jet routes, and direct routes in Alaska. These changes are part of routine updates to ensure safe …