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The cost of property insurance in the US rose to an all time-high in the first half of the year, as homeowners faced sharp price increases in states recently affected by climate-related disasters, such as California. The average insurance payment …

Agency network Renaissance said it has become the first of its kind to deliver an exclusive suite of artificial intelligence solutions built specifically for independent insurance agents. “Independent insurance agents face unique challenges that demand tailored solutions. Harnessing artificial intelligence …

When news broke last Wednesday afternoon of a last-minute push to pass new, stricter regulations for consumable hemp products, the employees at Austin Vape & Smoke sprung into action. Zaquiri Hensen, a manager at the South Austin store, said he …

French prosecutors stepped up an investigation into Royal Philips NV for potentially causing danger to human health with breathing devices, tasking a magistrate with deeper probing powers to lead the case. Paris prosecutors said on Monday that the decision to …

Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers in Oregon. In an …

Brokerage Lockton announced new leadership appointments within its U.S. casualty business. Peter Rapciewicz has been named U.S. casualty leader, and Jessica Cullen appointed head of excess casualty and operations. Rapciewicz will oversee the strategic direction and growth of Lockton’s casualty …

Starting in January, workers’ compensation insurance rates for Florida businesses could drop by an average of 7%. The National Council on Compensation Insurance last week recommended an average rate decrease of 6.9% for the voluntary market, effective Jan. 1. If …

Florida Surgeon General Joseph Ladapo said there’s no need to do projections of the potential effects of ending vaccine mandates for children, as Governor Ron DeSantis pushes to make his state the first one to scrap immunization requirements. “We don’t …

The immigration raid on a Georgia EV battery plant run by two South Korean firms has rattled Seoul, coming less than two weeks after President Lee Jae Myung’s White House meeting with Donald Trump where Korean companies pledged to invest …

Most California homes were built long before the state required that they be constructed to withstand wildfires. Now, sellers of older homes in high-risk areas must disclose to potential buyers not only a dwelling’s susceptibility to fire but what they’ve …

A woman who worked as a hairstylist for Fox Sports has resolved most of a lawsuit that alleged former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. …

Direct-to-consumer homeowners insurer Kin said it has raised an oversubscribed $50 million Series E financing, at a pre-money valuation of $2 billion. The digital insurer also closed on a $200 million debt facility, $145 million of which was used to …

Everest Insurance, the insurance division of Everest Group, recently announced the launch of EverBuild, an enhanced Builder’s Risk coverage form. EverBuild underscores the company’s long-standing commitment to supporting the construction industry with tailored, innovative solutions. The updated form was developed …

A federal bankruptcy judge on Friday signed off on a $246 million fund to pay abuse claims as part of the Catholic Diocese of Rochester’s Chapter 11 reorganization plan to emerge from bankruptcy. Having witnessed six years of bankruptcy proceedings, …

Ames & Gough, headquartered in McLean, Virginia, appointed Lauren Martin and Jessie Witherow as vice presidents and of Nicole Gonzalez and Katie O’Brien as assistant vice presidents. All four executives are based in the firm’s Washington, D.C., office. Martin joined …

A softer reinsurance market will prevail during the Jan. 1 reinsurance renewals. The only question is how much more softening will happen and how fast, leaders of Guy Carpenter said during a recent media briefing. Laurent Rousseau, Guy Carpenter’s chief …

New York Attorney General Letitia James announced a resolution of her office’s lawsuit to protect Buffalo children and families from lead poisoning in their homes. An agreement filed Friday in Erie County Supreme Court settles the lawsuit and requires the …

Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump. The fine, the fourth penalty Google has …

A judge has dismissed a lawsuit against Detroit police in the wrongful arrest of a pregnant woman who was charged in a carjacking partly because of facial recognition technology. Porcha Woodruff, who was eight months pregnant, spent 10 hours in …

As natural catastrophes become more frequent and destructive, a key backstop intended to help cover losses has gotten harder to access. The reinsurance industry, which exists to help primary insurers cope with losses when disaster hits, has taken significant steps …