INSURANCE NEWS
Peopele Moves: iink Names Fleszar as CEO
iink, a provider of technology to streamline the property damage insurance claims process and support faster payments to contractors, property owners, and claim professionals, is pleased to announce the appointment of Scott Fleszar as its new Chief Executive Officer. Mr. …
Settlement Reached in North Dakota Lawsuit Against White Nationalist Hate Group
Two North Dakota nonprofits have settled their lawsuit against a white nationalist hate group that alleged it intimidated immigrant business owners, though the details are unclear. A court docket entry last week gave notice of the settlement following a conference …
Renewal Rates Up YOY for All Commercial Lines Except Workers Comp: Ivans
Premium renewal rates increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the Ivans Index. Month over month, commercial auto, business owners policy (BOP), and commercial property experienced decreases in …
Los Angeles Sees Mudslides With Heavy Rains
Heavy rains caused flooding and mudslides in Los Angeles late Thursday and early Friday, as authorities ordered evacuations and warned of potentially dangerous conditions across land burned by last month’s devastating wildfires. About half a foot of rain has fallen …
North Carolina Lawmakers Amend Hurricane Helene Recovery Measure
RALEIGH, N.C. (AP) — North Carolina House members advanced Wednesday a Republican package to boost state recovery funding after Hurricane Helene as committees fleshed out details on how best to spend another $500 million to address the historic flooding. The …
PG&E Needs California’s Help to Calm Investors Post-Fire, CEO Says
PG&E Corp. wants California to promptly shore up the state’s $21 billion insurance fund for utilities that is at risk of being drained following the recent devastating fires in the Los Angeles area. Investors are concerned that if neighboring utility …
Rare Bipartisan Push for Ban on Machine Gun Conversion in Alabama
MONTGOMERY, Ala. (AP) — A bipartisan coalition of mayors, lawmakers and law enforcement in Alabama endorsed a public safety package on Thursday that would ban the devices that convert semi-automatic weapons into machine guns — a rare consensus on gun …
Bird Flu Signs Found in Three Veterinarians Suggest Wider US Spread
Signs of recent bird flu infection were found in three US veterinarians, two of whom had no known prior exposure, researchers said, suggesting potentially wider spread of the dangerous virus than has been suspected. One of the veterinarians worked with …
Virginia Attorney General’s Office Hit by Cyber Attack
Virginia State Police and the Federal Bureau of Investigation (FBI) are investigating a “sophisticated cyberattack” that struck the Richmond offices of Virginia Attorney General Jason S. Miyares on Wednesday. After learning of the incident, the agency shut down its computer …
New York’s Top Court Weighs Child Victim Act Lawsuit Standards
Lawyers sparred before New York’s top court Wednesday over how specific a man alleging sexual abuse decades ago needs to be in his lawsuit against the state in a case that’s being watched by advocates concerned about the legal standards …
Powerful Tropical Cyclone Zelia Hits Australia’s Iron Ore Hub
Tropical Cyclone Zelia made landfall on Australia’s west coast on Friday, the weather bureau said, lashing the world’s largest iron ore hub with heavy rain and wind gusts up to 290 kph (180 mph). The eye of the storm crossed …
Sompo Holdings Restructures Business Into 2 Global Segments
Sompo Holdings Inc., the Tokyo-based insurance holding company, announced it is restructuring its business into two global segments: Sompo Property and Casualty re/insurance (Sompo P&C), and Sompo Wellbeing, effective April 1, 2025. The simplified organization provides a resilient, innovative and …