INSURANCE NEWS
Two Dead in Thailand After Second Deadly Crane Accident a Day Earlier
A crane collapsed onto a road near Thailand’s capital on Thursday, crushing two vehicles and killing two people a day after a similar accident in the northeast caused the derailing of a train and the deaths of 32 passengers. Thailand’s …
Dark Fleet Seeking Russian Protection as US Seizes Oil Tankers
The dark fleet of tankers shipping illicit oil around the world is rushing to seek the perceived protection of the Russian flag after the US started seizing vessels involved in the Venezuelan trade. At least 26 ships have switched registration …
UK Regulators Agree Deal to Coordinate With EU on Critical Tech Providers
British financial regulators, including the Bank of England, have signed an outline deal with their European counterparts to enhance cooperation and oversight of providers deemed critical to the financial services sector, the BoE said on Wednesday. The memorandum of understanding …
SIAA Announces Strategic Partnership With Progressive
SIAA, the nation’s largest alliance of independent insurance agencies, has announced a new partnership with Progressive that will expand members’ access to both personal and commercial lines options. SIAA and Progressive’s partnership is a strategic decision at a time when …
Denmark-US Rift Persists as NATO Nations Deploy to Greenland
Denmark said a “fundamental disagreement” remained after a high-stakes meeting with the US over Greenland as several countries including Germany said they’d send military personnel to the Arctic island. Foreign ministers from Denmark and Greenland met with US Vice President …
Cyber Breach Affected 750,000 Canadian Investors, Regulator Says
Personal information of about 750,000 Canadian investors has been impacted by a “sophisticated phishing attack,” according to the Canadian Investment Regulatory Organization, in an update on the fallout from a major breach disclosed in August. Information that might have been …
People Moves: SPG Names Carpenter as VP of Business Development for Infrastructure Division
Specialty Program Group (SPG) LLC announced that Travis Carpenter has joined the organization as Vice President of Business Development for its Infrastructure Programs Division. In this role, Carpenter will lead national sales and distribution initiatives aimed at accelerating profitable growth …
Scientists Confirm 2025 Was Third-Hottest Year, Trailing 2024 and 2023
Last year was the third hottest on record, according to an analysis of temperature data released Wednesday by three independent agencies. That puts 2025 just behind the second-hottest year, 2023, and the hottest, 2024. What makes this result extraordinary, scientists …
Oracle Sued by Bondholders Over Losses Tied to AI Buildout
Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison concealed its need to sell significant additional debt to build out its artificial intelligence infrastructure. The proposed class action was …
Florida Heads for Smallest Orange Crop in Nearly a Century
Florida’s orange harvest is expected to fall to the lowest in nearly a century, as shrinking groves continue to offset improvements in yields. The state is seen producing 12 million boxes of fruit in the 2025-26 season, down 2% from …
$182M Settlement Reached in 2015 New York Train Crossing Crash That Killed 6
A more than $182 million settlement has been reached with victims of a deadly 2015 collision between a train and an SUV at a suburban New York crossing. The majority of the settlement with Metro-North Railroad goes to the families …
People Moves: SAN Group Names Regional VP; RCM&D Appoints Surety Division Director
Satellite Agency Network Group, Inc. (SAN), headquartered in Hampton, New Hampshire, hired Sherri Warcholic as regional vice president for Connecticut and Rhode Island. Warcholic will focus on identifying and developing membership opportunities, supporting agency growth throughout the region. Before SAN, …