INSURANCE NEWS
Dali Engineer Reaches Deferred Prosecution Deal Over 2024 Key Bridge Collapse
The chief engineer of the cargo ship Dali that destroyed Baltimore’s Francis Scott Key Bridge in a March 2024 collision that killed six construction workers reached a deferred prosecution agreement, the government said on Thursday. The Justice Department said Karthikeyan …
People Moves: ZestyAI Names Friend CFO and Ross SVP; Alliant Names Ackerman VP
ZestyAI Names Friend CFO and Ross SVP, Client Development ZestyAI appointed David Friend as chief financial officer and John Ross as senior vice president of client development. Both executives have decades of experience in insurance and enterprise technology. Friend has …
Mangione Drops Psychiatric Defense Bid for New York Murder Case
Luigi Mangione’s lawyers withdrew a plan for a psychiatric defense at his upcoming state murder trial in the shooting death of a UnitedHealth Group Inc. executive. In a letter to New York state Judge Gregory Carro on Thursday, the defense …
Zurich Sees Data Center Boom Spurring Insurance Securitization
The level of investment into data centers globally may soon make it necessary for insurers involved to begin selling securitization products to spread the risk among a broader pool of investors, according to Zurich Insurance Group AG. “I do anticipate …
People Moves: Sunstar Names Hearst as EVP, National Growth and Sales Strategy
Sunstar Insurance Group announced the appointment of Brad Hearst as executive vice president, national growth and sales strategy. Hearst brings extensive insurance-industry leadership experience in driving organic growth, developing high-performing sales organizations and building disciplined sales processes that deliver measurable …
Wastewater Leak Under Texas Church Parking Lot Causes Millions in Damage
An old oil well sprang back to life under the parking lot of the First Baptist Church of Grandfalls in April. Over the next eight days, more than 1.5 million gallons of toxic wastewater flowed out of the earth, according …
Major Hack Campaign Against Fortinet Devices Hits Prominent Organizations
Researchers say a sweeping hacking campaign targeting devices made by Fortinet has led to compromises across the internet, with evidence of password theft at Fortune 500 companies and government agencies in more than 15 countries. Most of the affected devices …
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows
California homeowners pay 41% below the national average for homeowners insurance, a study from LendingTree shows. LendingTree’s State of Home Insurance: 2026 report, which is based on rates publicly sourced from insurer filings, shows California homeowners paid an average of …
People Moves: Fortegra, Alabama DOI Put New Faces in Key Roles
Fortegra Group, the Jacksonville-based parent company of specialty insurers, named Anthony Katz, a longtime actuary, as senior vice president for reserving. Katz will lead Fortegra’s team of actuaries, overseeing reserving, credit insurance, statistical reporting and compliance with the new IFRS …
World Insurance Adds Wolpert Agency of Massachusetts
Global insurance broker World Insurance Associates reported that it recently bought the business of Wolpert Insurance Agency of Worcester, Massachusetts. Terms of the October 1, 2025 transaction were not disclosed. Wolpert was established in 1956. It is known for its …
First Tankers Cross Strait Under Iran Deal; Israeli Strikes Raise Doubt in Lebanon
Three Saudi-flagged supertankers carrying 6 million barrels of crude sailed through the Strait of Hormuz on Thursday, hours after U.S. President Donald Trump signed a deal with Iran to end the war that has disrupted global energy supplies. But in …
RSUI CEO McCrorie to Retire in 2027; Whittington to Become CEO
Specialty insurer RSUI announced that Chairman and Chief Executive Officer Phillip McCrorie will step down as CEO at year-end 2026, concluding a career spanning nearly 40 years in the insurance industry. He will remain RSUI’s executive chairman through the first …