INSURANCE NEWS
Ex-PIMCO Executive Scores Milestone on Launch of Catastrophe Bond ETF
An exchange-traded fund tied to bets on natural disasters has started trading in London, after becoming the first such ETF to attract a lead market maker. The KRC Cat Bond UCITS ETF was launched with the goal of drawing more …
NAIC Names Committee Leaders for 2026
The National Association of Insurance Commissioners (NAIC) recently announced its 2026 committee leadership “Chosen by their peers, our 2026 committee leaders bring unique skills, backgrounds, and viewpoints to the challenges and opportunities we face, reflecting the strength of the state-based …
US Senators Introduce Long-Awaited Bill to Define Crypto Market Rules
U.S. senators late on Monday unveiled draft legislation that would create a regulatory framework for cryptocurrency which, if signed into law, would clarify financial regulators’ jurisdiction over the burgeoning sector, potentially boosting digital asset adoption. The crypto industry has long …
Publishers Seek to Join Lawsuit Against Google Over AI Training
Publishers Hachette Book Group and Cengage Group asked a California federal court on Thursday for permission to intervene in a proposed class action lawsuit against Google over the alleged misuse of copyrighted material used to train its artificial intelligence systems. …
South Africa Closes Kruger Park as Deadly Floods Kill Dozens
Deadly floods prompted South Africa’s iconic Kruger National Park to shut to further visitors, after extreme rainfall killed dozens in the northeast of the country and neighboring Mozambique. The South African Weather Service on Thursday issued its highest weather warning …
Polish Premier Blames Russia for Cyberattack on Energy Facilties
Poland fought off a wave of cyber threats from Russia which targeted its energy infrastructure in December, Prime Minister Donald Tusk said. A series of attacks in the last days of the month hit two power plants and renewable energy …
SC Workers’ Comp Commission Bans Most Wireless Devices in Courtroom
The South Carolina Workers’ Compensation Commission this week banned all wireless communication devices, including cellphones, laptop computers, cameras and even smart watches, from the Commission’s courtroom. The bulletin, issued Jan. 12, said the order does not apply to staff, lawyers, …
New York State Police Report 30-Car Pileup on I-81 Near Syracuse
On Thursday January 15, at about 2:20 p.m., New York State Police responded to a report of a multi-vehicle crash on I-81 southbound, south of Exit 73 in the town of LaFayette, a rural community about 15 moles south of …
The Return Period for An LA Wildfire-Scale Event May Be Shorter Than You Think
There has been no shortage of analyses and reporting released for the one-year anniversary of the January 2025 Los Angeles wildfires, which destroyed more than 16,000 properties and have generated more than $22 billion in claims so far. A one-year …
Food Distributor to Pay $1.1 Million Over Deadly Ammonia Release
The U.S. Environmental Protection Agency (EPA) has reached a $1.1 million civil penalty settlement with a wholesale food and snack distributor in Massachusetts. The EPA said Home Market Foods violated federal Clean Air Act (CAA) chemical safety requirements at its …
Oklahoma Senate Minority Leader Proposes Insurance Reform Bills
An Oklahoma state senator has proposed a package of insurance reform bills she says will tackle the state’s skyrocketing insurance costs. Democrat Sen. Julia Kirt, the Minority Leader of the Oklahoma Senate, has pre-filed three insurance-related bills ahead of the …
Kansas Department of Insurance Recovers $56M in 2025
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Department of Insurance recovered $56.7 million for Kansans in 2025 Funds considered “recovered” are calculated when Department staff assists individuals in need of support during their insurance claims process. If a dispute …