INSURANCE NEWS
After Biden Denied Alabama Coal Waste Bid, Trump Reverses Course
The Environmental Protection Agency on Monday proposed to approve Alabama’s application to take over issuing certain coal waste permits from the agency, part of a trend under President Donald Trump to transfer more authority from the federal government to states. …
Meta Used AI to Target Workers With Medical Conditions for Layoffs, Lawsuit Claims
Twenty-six former employees of Meta Platforms have filed a lawsuit against the tech company, accusing it of using AI-powered software that disproportionately targeted people with disabilities or who took medical leave in selecting people for mass layoffs. The lawsuit, filed …
Russia Accuses Ukraine of Terrorism in Sea of Azov as Kyiv Opens New Front in War
Russia on Tuesday accused Ukraine of terrorism over its escalating attacks on shipping in the Sea of Azov, a route that handles about a quarter of its grain exports. Ukrainian drones hit 11 Russian vessels in the Sea of Azov …
States Sue to Block Paramount’s $110 Billion Warner Bros Discovery Deal
California and 11 states sued to block Paramount’s $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television. The lawsuit filed in Oakland federal court, …
Enterprise Risk Associates Buys up Florida-Based Insurance Solutions of America
Enterprise Risk Associates, the New York-based insurance brokerage that has focused on expansion through agency acquisitions, said it has acquired Insurance Solutions of America, headquartered in Oviedo, Florida. ISOA was founded in 2007 by Scott Lugering and Amber LaSota. It …
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success
The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year for the first time. According to a new report …
Chemical Tanker Stolt Magnesium Hit by Explosion off Omani Coast, Manager Says
The chemical tanker Stolt Magnesium caught fire on Tuesday following the “explosion of an unidentified external device” as it was sailing in the Arabian Sea off the coast of Oman, according to its manager Stolt Tankers, the main unit of …
RockRose Risk Launches Mitigation-First Insurance Model for California Homeowners
RockRose Risk launched a “human-in-the-loop” assessments product to provide the algorithms need to price risk accurately in California. RockRose Risk, an insurance brokerage that offers property owners discounts for wildfire mitigation, launched its homeowners insurance product in California, which follows …
UAE Oil Tankers Attacked While Sailing Dark Through Hormuz
Two United Arab Emirates-linked supertankers came under attack while sailing “dark” through the Strait of Hormuz, threatening one of the main methods of getting non-Iranian crude to the global market during the war. A seafarer died and several were injured, …
Iran and US launch New Missile Attacks, Battle Over Control of Strait of Hormuz
Iran fired ballistic missiles at a U.S. air base in Jordan on Tuesday and the United States attacked Iranian targets for five hours in a battle for control of the Strait of Hormuz that has pushed up oil prices to …
People Moves: Clifford Takes On Expanded Role for NFP’s Construction Unit
NFP’s Clifford Named U.S. Brokerage and Account Management Leader Tom Clifford assumed an expanded leadership role as leader of U.S. brokerage and account management in the construction and infrastructure (C&I) group at NFP, an Aon company. Based in New York, …
Canada Regulator Warns Banks About Cyber Risks of Anthropic’s Claude Mythos
Canada’s federal banking regulator warned the country’s largest financial institutions about the risks of Anthropic’s Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify and fix …