INSURANCE NEWS
Marsh Reports Organic Growth of 4% for Q4, Full-Year 2025, Down From 7% in 2024
Marsh reported fourth quarter revenue of $6.6 billion, an increase of 9% from $6.1 billion reported during the same period in 2024. Organic, or underlying growth, during Q4 was 4%, down from 7% in Q4 2024. Q4 2025 operating income …
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds
The owner of the Massachusetts assisted living facility Gabriel House where 10 people were killed and 30 injured in a fire last July has been denied access to insurance proceeds he told a court are needed to repair the facility …
Waymo Probed After Robotaxi Struck Child Near California School
U.S. auto safety regulators are investigating a Waymo autonomous vehicle that struck a child near a school in Santa Monica, California, the second recent probe to examine the behavior of the Alphabet Inc. unit’s robotaxis near children. The vehicle collided …
AM Best Revises Outlook to Positive for Texas’ Aventus
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) of Aventus Insurance Company based in Fort Worth, Texas. These Credit Ratings …
It’s Getting More Expensive to Live in Texas, Census Finds
It’s getting harder to afford living in Texas — even as incomes and educational attainment grow and poverty declines. Despite the state’s robust economic growth since the start of the decade, incomes in Texas haven’t kept pace with the nation …
Tampa Bay Rays’ New Stadium in Tampa: What We Know So Far
For many of the nearly 28 years since the Tampa Bay Rays held their inaugural game in St. Petersburg’s domed stadium, they have been looking for a bigger, better deal. Tropicana Field’s location, across Tampa Bay from the much-larger population …
Alabama Insurance Agent and Candidate Says Tuberville Lives in Florida
An Alabama insurance agent running for governor is challenging U.S. Sen. Tommy Tuberville’s eligibility to seek the office, accusing the football coach-turned-politician of not meeting the legal requirement to have lived in the state for seven years. Ken McFeeters, who …
Europe to Decide How Much Toxin in Baby Formula Is Too Much
Europe’s food safety regulator will publish advice on what is an acceptable level of the toxin currently at the heart of one of the biggest infant formula recalls in history. The European Food Safety Authority will establish an “acute reference …
Fire in Connecticut Damages 5 Businesses Including Popular Restaurant
A fire in a commercial plaza in Thomaston, Connecticut damaged five businesses including a popular restaurant, Patti’s Place. Firefighters battled the building fire on Park Street late Tuesday night and into Wednesday morning. “Crews started with an aggressive interior attack, …
Bumble, Panera Bread, CrunchBase, Match Hit by Cyberattacks
A wave of cyberattacks has hit Bumble Inc., Panera Bread Co., Match Group Inc., and CrunchBase Inc., as cybersecurity experts warn about a new round of social engineering attacks targeting US companies. Bumble Inc., the parent company of dating apps …
Markets/Coverages: Arch Launches Event Cancellation Cyber Coverage
Arch Insurance International (Arch) announced the launch of its event cancellation cyber coverage, which is available through both the London market and Arch’s instant quote and bind platform, Arch IQ. Offered as a cyber extension to an event cancellation policy, …
US Handing Over Seized Tanker to Venezuela, Officials Say
The United States is handing over to Venezuela a tanker that it seized this month, two U.S. officials told Reuters on Wednesday. The United States has been carrying out a months-long effort to seize oil tankers linked to Venezuela – …