The Louisiana Department of Insurance (LDI) said it has successfully completed the requirements and earned full national accreditation from the National Association of Insurance Commissioners (NAIC) for its work to promote effective financial solvency regulation. NAIC CFO James Woody said …
Louisiana Dept. of Insurance Earns NAIC Accreditation; Names Leadership Roles Read More »
Georgia Insurance Commissioner John King predicted property-casualty insurance rates will drop 3% to 5% in the next year after lawmakers approved significant tort reform measures. He also seemed to warn insurance companies about filing for major increases, according to news …
Georgia Commissioner Says Rates to Drop This Year After Tort Reform Passage Read More »
The company that owned the railcar that caused the devastating East Palestine train derailment in 2023 won’t have to help pay for the $600 million settlement Norfolk Southern agreed to with residents. An Ohio jury decided Wednesday that GATX isn’t …
Ohio Jury Rules Norfolk Southern Liable for $600M Settlement in Train Derailment Case Read More »
A federal judge on Wednesday found the state of North Dakota entitled to nearly $28 million for responding to protests of the Dakota Access oil pipeline in 2016 and 2017 — a win for the state in its multiyear effort …
Judge Awards North Dakota Nearly $28M Over Dakota Access Pipeline Protests Read More »
Ardonagh Acquires Zurich-Based SRB Assekuranz Broker The Ardonagh Group, the London-based independent insurance distribution platform, announced it has acquired the Zurich-based broker SRB Assekuranz Broker AG (SRB). Founded in 1980, SRB focuses on corporate customers, primarily in the industrial sector. …
The world’s first-ever exchange-traded fund based on catastrophe bonds has failed to get the seed capital it expected after launching on the eve of the Trump administration’s tariff war. “Some of our seed capital investors are sitting on the sidelines …
World’s First Catastrophe-Bond ETF Falters in ‘Crazy’ Market Read More »
Marks & Spencer stopped taking online orders in the UK and Ireland on Friday following a cyber attack which it reported earlier in the week, an announcement which sent its shares down by 5%. The British company, which sells its …
Britain’s M&S Stops Taking Online Orders After Cyber Attack Read More »
Net income at The Hartford decreased 16% to $630 million in the first quarter 2025, driven by losses from the California wildfires. Property/casualty catastrophe losses for Q1 2025 were $467 million pretax—$325 million, net of reinsurance, from the California wildfires …
California Wildfire Losses Cause 16% Fall in The Hartford’s Q1 Net Income Read More »
It’s not often that applause breaks out in the audience after a vote at the Hawaiʻi Legislature, but that one afternoon this week. The measure was House Bill 1001, and the subject was settling claims related to the August 2023 …
Lawmakers Agree to Pay $807M Into Lahaina Wildfires Settlement Fund Read More »
The family of one of three college students who died in a Cybertruck crash in California filed a lawsuit in a bid to gain access to the Tesla Inc. pickup and better understand how their daughter died. The driver and …
Father of Tesla Cybertruck Crash Victim Files Lawsuit Over Death Read More »
