INSURANCE NEWS
UK Sets Out Rules to Create Captive Insurance Regime
The UK has proposed rules to help encourage a potential new insurance market worth billions of pounds as part of a drive to boost competitiveness. The Bank of England and the Financial Conduct Authority laid out plans for a captive …
People Moves: Everest Appoints Hanrahan as Global Distribution & Chief Commercial Officer
Everest Group Ltd., headquartered in Hamilton, Bermuda, appointed Craig Hanrahan as Global Distribution & Chief Commercial Officer, effective August 1, 2026. He will continue to report directly to Jim Williamson, Everest president and CEO, serving as a member of the …
One Weather Firm Warns That New England Could See Big Hurricane This Season
All of the best-known storm forecasting services have predicted a mild 2026 Atlantic hurricane season. That includes Colorado State University, which last week revised its outlook to “well below normal” with just nine named storms, four hurricanes, and only one …
Markets/Coverages: Lemonade Enters Maine and Vermont Renters Insurance Markets
Digital insurer Lemonade has expanded availability of its renters insurance into Vermont and Maine. They become the 43rd and 44th states where Lemonade offers renters insurance. Lemonade lets renters use an app to obtain quotes, purchase policies, update existing policies, …
Canada Suspends Animal Exports From Texas Due to New World Screwworm Concerns
Canada has suspended several animal exports from Texas due to concerns about the New World screwworm, according to the U.S. Department of Agriculture. The Canadian Food Inspection Agency is immediately suspending the export of horses, pigs, cattle, bison, sheep, goats, …
Texas Braces for Heavy Storms One Year After Deadly Floods
Slow-moving storms are drenching much of central Texas this week as a disturbance in the upper atmosphere collides with summer humidity to produce heavy rains. Flood alerts cover much of central Texas, including San Antonio, Austin and the Houston suburbs. …
Indiana Woman Pleads Guilty to Defrauding Elderly Victim of More Than $500K
An Indiana woman has pleaded guilty to wire fraud for her role in a six‑year scheme that targeted and financially devastated an elderly victim Shayna Williams, 51, of Westfield, was involved in a car accident with an elderly woman. Following …
AM Best Assigns Credit Ratings to Arkansas’ WoodStar Reciprocal Exchange
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to WoodStar Reciprocal Exchange (WoodStar), based in Little Rock, Arkansas. In addition, AM Best has assigned a Long-Term Issue Credit …
Antares’ CEO Michael van der Straaten Dies at 58
Antares, the specialist global re/insurance group, announced the death of its chief executive officer Michael van der Straaten. “It is with great sadness that we announce that Michael van der Straaten, CEO of Antares, passed away unexpectedly this weekend following …
Michigan Sues Water Services Company for Allegedly Submitting False Safe Reports
Michigan Attorney General Dana Nessel has filed a civil lawsuit against the president of water services provider Douglas Environmental for allegedly violating the Natural Resources and Environmental Protection Act (NREPA). Nessel contends that Brian Powell submitted false reports that did …
Texas Contractor Cited After Worker Dies in Elementary School Crawl Space
The U.S. Department of Labor has cited a building contractor and a staffing company for safety violations after a worker suffered fatal injuries while operating a mini-excavator beneath an elementary school in Converse, Texas. The department’s Occupational Safety and Health …
Robotaxi Riders Are Falling Asleep, Sparking Frantic 911 Calls
Waking up in a Waymo comes as a shock. Ditto Kasendar remembers soft music drifting from the robotaxi’s speakers as he rode home late at night from a friend’s birthday party last year. The next moment, Los Angeles firefighters were …