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Lake Mary, Florida-based Trident Reciprocal Exchange, launched in 2024, recently named Ryan Hodges chief executive officer. Hodges has 25 years in the property and casualty insurance business and was previously vice president of commercial insurance for Bankers Insurance Group, which …

A fiery boat explosion near Fort Lauderdale, Florida, on Memorial Day sent 11 people to the hospital, many suffering from burns, officials said Tuesday. The 39-foot (12-meter) Sea Ray boat had 15 people on board when the explosion happened at …

Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco, …

This edition of International People Moves details appointments at AXIS Capital Holdings and Chaucer Group. A summary of these executive moves follows here. AXIS Restructures Global Markets Team AXIS Capital Holdings Ltd., the Bermuda-based re/insurer, announced organizational changes to further …

The European Union is nearly on track to reach its main climate target for this decade, with countries’ existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commission said on Wednesday. The …

A German court on Wednesday threw out a Peruvian farmer’s lawsuit seeking damages from RWE for the German energy utility’s alleged role in putting his home at risk through climate change. The court said no appeal was possible in the …

NN Group NV is replacing pre-programmed chat bots in client-facing roles with a version that can interact more naturally with humans, further evidence of the continued but uneven roll-out of artificial intelligence in financial services. The insurance firm, one of …

Travelers Cos. said on Tuesday it has agreed to sell its Canadian personal insurance business and majority of its commercial insurance operations in the country to Definity Financial in a deal valued at $2.4 billion. The transaction adds to a …

A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on premiums. As artificial intelligence makes attacks more …

Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …

Charlotte-based Skyla Insurance Services, a subsidiary of Skyla Credit Union, has acquired Policyline Insurance, an employee benefits and insurance brokerage in the Carolinas. The acquisition strengthens Skyla’s ability to provide Skyla Credit Union’s corporate accounts and sponsor companies with customized …

As colleges and universities prepare to legally pay athletes for the first time in National Collegiate Athletic Association history, collegiate sports programs are exploring insurance policies designed to mitigate the risks that come with dishing out tens of millions of …

A new Alabama study of hurricane-affected homes sends a clear message to insurers and homeowners nationwide: climate-resilient construction methods can protect homes, and save a lot of money. The first-of-its-kind analysis, released this week, reviews thousands of insurance claims linked …

Immigration officials said Tomás Hernández worked in high-level posts for Cuba’s foreign intelligence agency for decades before migrating to the United States to pursue the American dream. The 71-year-old was detained by federal agents outside his Miami-area home in March …

A farm labor contractor was fined $1.25 million for operating without a license and failing to provide nearly 5,000 workers with required employment details. The fine was issued by the Washington State Department of Labor & Industries following an investigation …

The city of Boston is immune from liability for a shooting that took place at a city school in 2022 even though the school’s improper use of its metal detectors allowed the shooter to enter the school with a firearm. …

Alaska’s largest city has reached a $2.1 million settlement with the family of a 16-year-old girl who was holding a knife last August when she was fatally shot by a police officer. Anchorage Mayor Suzanne LaFrance’s office said in a …

A New Hampshire town’s attempt to force a bakery to remove or alter its painting that shows sunbeams shining down on a mountain range of doughnuts, a muffin, a cinnamon roll and other pastries is unconstitutional, a judge ruled in …

Criswell Chevrolet, Inc., a Maryland car dealership group, violated federal law by refusing to allow a parts department worker to have a service dog at work as a reasonable accommodation for his post-traumatic stress disorder (PTSD) resulting from combat duty …

Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be …