INSURANCE NEWS
FBI Says New Orleans, Vegas Attacks Don’t Appear Coordinated
Investigators say they haven’t found evidence linking separate deadly attacks in New Orleans and Las Vegas, as the FBI continues to probe two incidents that rattled Americans as they rang in 2025. The tragedies, which occurred just hours apart early …
Biden to Ban More Offshore Oil Drilling Before Trump Arrives
President Joe Biden is preparing to issue a decree permanently banning new offshore oil and gas development in some US coastal waters, locking in difficult-to-revoke protections during his final weeks in the White House. Biden is set within days to …
Computers of Senior US Treasury Leaders Accessed in Hack
Chinese state-sponsored hackers broke into the computers of senior US Treasury Department leaders as part of a recent breach of the agency, according to a US official and another person familiar with the matter. The hackers were able to access …
Bureau of Labor Releases Final 2023 Workplace Injury, Fatality Stats
Last year, there were 5,283 fatal work injuries recorded in the United States, a 3.7% decrease from 5,486 in 2022, the U.S. Bureau of Labor Statistics reported. The fatal work injury rate was 3.5 fatalities per 100,000 full-time equivalent (FTE) …
SageSure Closes Acquisition of GeoVera Advantage Insurance Services in California
SageSure closed the acquisition of GeoVera Advantage Insurance Services LLC in Fairfield, California. The entity will now function as a newly formed managing general agent and includes the residential earthquake risk underwriting franchise. As part of the transaction, SageSure has …
Dartmouth Athletes End Unionization Bid Citing Labor Panel Shift to Republicans
The Dartmouth men’s basketball team on Tuesday dropped its attempt to unionize, abruptly ending a push to become the first college athletes to bargain for a contract in order to avoid a potentially damaging precedent from a National Labor Relations …
Employer Owes Pay for Actual Time Changing, Showering— Not Its ‘Reasonable’ Estimate
A Pennsylvania battery firm has been found responsible for paying $22.25 million in backpay to workers to cover the actual time they spent changing and showering for their jobs working with hazardous materials. Their employer, East Penn Manufacturing, had argued …
Verisk to Get First Cat Model Under Review for Insurance Ratemaking in California
Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …
Deep Freeze Will Send Some US Temperatures Plunging
Waves of intense cold will send temperatures plunging as much as 20F (11C) below normal across the central and eastern U.S. this month, triggering ice storms that could down power lines and snarl travel from the Midwest to the Mid-Atlantic. …
Bernard Madoff’s Victims Collect $4.3B as US Government Fund Completes Payouts
A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying it will have paid out $4.3 billion to 40,930 of the late Ponzi schemer’s victims. Richard Breeden, the former U.S. …
New Orleans Attack, Cybertruck Blast Raise US Security Fears
A gruesome attack on revelers celebrating New Year’s in New Orleans thrust US domestic security back into the spotlight just weeks before Donald Trump is sworn in as president. The tragedy, which killed at least 15 people and injured dozens …
Top Climate Group for Banks, Insurers, and Asset Managers Is Making Changes
The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted out. The Glasgow Financial Alliance for Net Zero, which was established in 2021 and operates as an umbrella group for …