INSURANCE NEWS
More Americans Are Moving Away From Flood Risk Than Toward It
Americans are leaving some of the nation’s most flood-prone communities at an accelerating pace, suggesting that climate concerns are beginning to influence migration decisions alongside more traditional factors such as housing costs and quality of life. High-flood-risk US counties — …
NYC Mayor Orders Steps to Protect Workers From Heat, Study of Workers’ Compensation
New York City Mayor Zohran Kwame Mamdani yesterday signed an Executive Order directing a “whole-of-government response” to protect workers from extreme heat. The order directs the departments of Health and Mental Hygiene, Emergency Management and the Citywide Administrative Services to …
Florida’s Unemployment Rate Is Surging Even as High-Profile Companies Move In
Joseph McCue came to Florida expecting to do even better than he was in New York City working as an electrician. He had a job lined up at a hospital construction site in Orlando, and the combination of zero state …
NAIC Victim of Cyber Incident Via PeopleSoft System
The National Association of Insurance Commissioners (NAIC) said it was the victim of a data breach, though an investigation has found the group responsible is unlikely to have the scope of data it has claimed. The NAIC said the cyber …
Smoke From LA Warehouse Fire Affecting Residents, Businesses
Smoke continues to billow from a fire at a massive warehouse in Los Angeles, drawing complaints about air quality from residents and interrupting nearby businesses. A fire at a 491,000-square-foot cold storage warehouse located near homes in Boyle Heights continues …
Trouble at Surfside Began Weeks Before Deadly Condo Collapse, Final Report Finds
The deadly destruction of a Florida beachfront condominium actually started weeks before it collapsed into a pile of rubble in the middle of the night, killing 98 people on June 24, 2021, but the building had been vulnerable from the …
Rhode Island Opens Window to Civil Courts for Child Victims of Sexual Abuse
Rhode Island has joined more than two dozen other states that have enacted laws expanding access to civil courts for child victims of sexual abuse. Governor Dan McKee signed legislation amending the statute of limitations for child victim claims of …
Oman Opens Temporary Strait of Hormuz Shipping Routes, Says No Tolls Will Be Charged
Oman said it would keep the Strait of Hormuz open to shipping without imposing any tolls and had designated two temporary routes north and south of the existing shipping lane to facilitate the safe passage of vessels departing the region. …
Recent Floods Show Michigan Residents are Vulnerable to Flood Insurance Gaps
Tom and Diane Peterman tried to buy flood insurance when they moved to their retirement home on the shores of Black Lake 14 years ago but were told it wasn’t available. John Solum was told he wasn’t in a flood …
Aviva to Rebrand Lloyd’s Syndicate Probitas 1492 as ‘Aviva Syndicates’
Aviva, the UK-based insurer, announced it will rebrand Probitas 1492 as “Aviva Syndicates” marking a significant milestone in the integration of its Lloyd’s platform into Aviva’s Global Corporate & Specialty (GCS) business. The rebrand will see the syndicate operate fully …
Ship Insurers Set for Major Claims From Iran War, Allianz Says
The insurance industry is set to face significant claims for ships that were damaged during the Iran war, according to Allianz SE. The company said in its annual safety and shipping review that it had already received such claims stemming …
Fire tracking App Used by Millions Expands to Help Monitor Dangerous Floods
When a fire broke out a few miles from his Altadena, California, home the evening of Jan. 7, 2025, Matt Blea and his family needed to make a crucial decision: Should they stay home, or evacuate? A friend who did …