INSURANCE NEWS
EnergyAustralia Apologizes to Customers After Greenwashing Case
CLP Holdings Ltd.’s EnergyAustralia — one of the nation’s “big three” energy companies — apologized to customers for the marketing of its carbon offsetting products. The apology was part of a settlement with advocacy organization Parents for Climate, which launched …
UK’s Anglian Water Fined £1.4 Million Over Drinking Water Failures
Britain’s Anglian Water was fined 1.4 million pounds ($1.9 million) over drinking water contamination, in the latest scandal in an industry which is facing a public backlash over environmental failures and rising bills. The government has launched a review aimed …
Crypto High-Rollers Go Big on Bodyguards to Deter Kidnappers
Even before Coinbase Global Inc. disclosed that hackers had stolen the home addresses and account balances of its customers, Jethro Pijlman was seeing an uptick in interest from concerned clients with large crypto holdings who were looking for bodyguards and …
Estonia Says Russia Detained Tanker in Baltic Sea
Russia detained a Greek-owned oil tanker on Sunday after it left an Estonian Baltic Sea port, the Estonian Foreign Ministry said, adding it had alerted NATO allies to the incident. The Liberia-flagged ship Green Admire was leaving Sillamae port using …
Captives to Remain Viable as Market Softens: RIMS Panel
As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation at the RIMS RiskWorld conference …
Texas Stock Exchange CEO Sees State Muscling In on NYC, Delaware
The head of the upstart Texas Stock Exchange said the state is making a serious play to reshape the US financial landscape, using new pro-business laws and a proposed ban on trading taxes to take on longtime power centers on …
Sedgwick: Number of Recalled Products in US Rose 25% in First Quarter
The total volume of products recalled from key industries surged by 25% in the first quarter, a new report shows. Sedgwick’s report out on Thursday the surge comes amid a marginal decline in U.S. product recall events, shows 775 recalls …
Complaints About Florida Insurers Have More Than Doubled in 5 Years, or Have They?
Consumer complaints about property-casualty insurers in Florida have more than doubled in the last five years and are on track to reach a new high in 2025, according to data provided by Florida regulators. Insurance industry insiders said the numbers …
Maine Lawmakers Thwart Move to Allow Mennonites to Self-Insure
Maine lawmakers last week rejected a measure that would have permitted followers of the Mennonite religion to self-insure for motor vehicle insurance. The Senate vote was 20-14 to detour the bill on May 13, while the House vote the next …
Washington Roofing Company Fined $300K After Worker Falls From Roof
A Snohomish, Washington-based roofing company is facing more than $300,000 in state fines after a worker fell from a two-story home and was hospitalized. The Washington State Department of Labor & Industries cited Asset Roofing & Guttering Inc. after inspectors …
Judge Dismisses LA Sparks Player’s WNBA Suit, But She Can Pursue Claim Against Las Vegas Aces
A federal judge dismissed Los Angeles Sparks forward Dearica Hamby’s lawsuit against the WNBA, but said her litigation against the Las Vegas Aces over alleged mistreatment because of her pregnancy could continue. Hamby filed the suit in August that alleged …
Mexican Navy Ship Hits Brooklyn Bridge, Killing Two on Crew
A Mexican naval vessel carrying 277 people scraped the bottom of the Brooklyn Bridge on Saturday evening, leaving two crew members dead. The tall ship Cuauhtémoc “lost power and crashed into the Brooklyn Bridge,” New York City Mayor Eric Adams …