Kansas Insurance Commissioner Vicki Schmidt announced a Cherokee County man has been sentenced to 24 months of probation for insurance fraud. Chad Ashe, aged 43, pleaded guilty on January 21, 2026, in Cherokee County District Court to one felony count …
Kansas Man Sentenced to Probation for Insurance Fraud Read More »
The Bank of England’s regulatory arm on Wednesday set out plans to tighten the capital treatment of funded reinsurance, a type of deal in which life insurers pass on risk to offshore reinsurers. British life insurers will have to increase …
Bank of England to Curb Offshore Life Insurance Trades Read More »
Some of the biggest names in oil trading are becoming embroiled in a complex web of disputes that could be worth many billions of dollars, as the industry wrangles over who should be liable for contracted shipments that weren’t delivered …
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes Read More »
Insurtech Lemonade reported a first quarter 2026 net loss of about $35.8 million compared with a loss of about $62.4 million during the same time in 2025. However, Lemonade said its topline growth was positive, with 159% increase in year-to-year …
Lemonade Logs Q1 Net Loss With Topline Growth Read More »
GEICO leadership said this week that the company is working with Florida policyholders after a snafu inadvertently alerted people that their driver licenses had been suspended. The auto and property insurance company did not reveal details about what happened, only …
GEICO Responding After Error Sent Cancellation Notices to Florida Drivers Read More »
The California Department of Motor Vehicles on Tuesday adopted new regulations for autonomous vehicles, allowing manufacturers to test and deploy heavy-duty driverless vehicle technology on the state’s roads. Related: Tesla Avoids California Sales Halt Over Autopilot Marketing The new regulations …
California Adopts Rules Allowing Testing And Deployment of Heavy-Duty AVs Read More »
A workers’ compensation claim has turned into accusations that the billionaire frontrunner in the Georgia governor’s race, a health care executive who has vowed to deport more immigrants, hired illegal immigrants to work on his property. Republican Rick Jackson, founder …
Georgia Governor Candidate Hired Undocumented at His Mansion, Comp Claim Argues Read More »
Industry executives who described insurance and reinsurance markets as “rational” in the not-so-distant past are now using words like “dumb” and “bizarre” to characterize soft-market competitor moves happening faster than expected, and in unusual places. W. Robert Berkley, Jr., chief …
Rational Market? How About ‘Dumb’ and ‘Bizarre’? Read More »
Newport Specialty Partners, a new specialty insurance platform backed by Lovell Minnick Partners, announced that it has acquired Complex Coverage, Inc. (CCI), a managing general agency focused on homeowners and personal lines coverage in New York. The transaction is Newport’s …
Newport Specialty Partners Acquires New York Personal Lines MGA Complex Coverage Read More »
An appeals court has reversed an $8.2 million defamation verdict awarded to Alabama politician Roy Moore, who sued a super PAC over a 2017 political ad detailing misconduct accusations against him. The panel of the 11th U.S. Circuit Court of …
Appeals Court Overturns $8M Defamation Award for Former Alabama Justice Read More »
