INSURANCE NEWS
‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association
January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” Geoeconomics refers to the intersection of geopolitical forces and economic policies. The report highlights …
Storm Éowyn Leaves Thousands Without Power, Grounds Flights
Hurricane-strength winds battered Ireland and the UK early Friday morning, leaving thousands of homes and businesses without power and disrupting transportation across the region. Winter Storm Éowyn brought record gusts of 183 kilometers (114 miles) per hour in Galway in …
US Health Agencies Cancel External Meetings, Travel After Trump Admin Directives
U.S. health agencies including the CDC this week canceled meetings with external groups, paused some public health publications and told employees to freeze travel after directives from the Department of Health and Human Services, two sources familiar with the situation …
MLB Orders Employees to Return to Office Five Days a Week
Major League Baseball has ordered its employees to return to the office five days a week, according to people familiar with the matter. The league had been on a hybrid policy since the pandemic. The change will go into effect …
Fire Chief Fatally Shot While Helping Couple Whose Car Hit a Deer in Alabama
A man fatally shot a Georgia fire battalion chief and wounded the driver of a car that hit a deer in rural Alabama, authorities said. The Coweta County, Georgia, fire department is mourning the death of James Bartholomew Cauthen, 54, …
Florida, Louisiana Sugarcane Could be Hurt by Winter Storm but Citrus Was Spared
Sugarcane crops in Louisiana and Florida, the only two states producing sugar from cane in the United States, could be hurt by the cold snap in the area, while citrus farms seemed to have mostly been spared, experts said on …
J&J Tries to Avoid $30 Million in Punitive Damages in Baby Powder Case
Johnson & Johnson is balking at paying $30 million in punitive damages on top of a $15 million jury award to a Connecticut man who developed cancer after using the company’s talcum powder for decades. The company has labeled the …
Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America
President Donald Trump’s executive orders against “illegal” diversity, equity and inclusion policies have left corporations and their lawyers struggling to grasp exactly what that means. Trump on Tuesday ordered federal contractors to affirm they don’t “engage in illegal discrimination, including …
Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors. Lara’s order is designed to help speed the recovery process for wildfire survivors affected by several fires in …
Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State
Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative …
Oklahoma Commissioner Unveils OKReady Grant Program Launch Details
Oklahoma Insurance Commissioner Glen Mulready announced new details regarding the launch of OKReady, the Strengthen Oklahoma Homes (SOH) program, that went into effect on November 1, 2024. Over the past several months, the Oklahoma Insurance Department (OID) has been working …
People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment
Anneren Family Holding Company, established to perpetuate the Ansay family’s legacy, has announced the appointment of Angela Sikowski as President and Nikki Kiss as Chief Operating Officer (COO). This transition marks a significant step in the company’s evolution, with a …