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As flooding becomes an increasingly common and destructive feature of Texas life, housing experts are calling for the creation of a statewide, voluntary buyout program to move residents out of the most high-risk areas. The experts say Texas needs a …

Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason for Zurich’s …

Long-time industry leader Kevin H. Kelley has died. Kelley, 74, was last in the industry with Liberty Mutual Insurance, where he was vice chairman, Global Risk Solutions after joining the company in 2017 when Ironshore was acquired by Liberty Mutual. …

Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses. Then investigators found out that the women had fabricated the entire incident, the …

Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says. According the …

Connecticut-based Smith Brothers Insurance announced it acquired Moscato & Associates of Ithaca, New York on August 1, 2025. Moscato & Associates, an independent agency specializing in employee benefits, individual health, and Medicare, will maintain its location in Ithaca. Edward Moscato …

RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance. The aid for residents in eight …

COLUMBIA, S.C. (AP) — Two deputies shot and injured in a training exercise in South Carolina were wounded by ammunition taken from a plastic bag in a desk drawer and not property tested to see if they were blanks, a …

California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, according to Curtis Barton, CEO of ALKEME. The Innovative team …

The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say. But due to increasing coral cover since 2017, the coral deaths — caused mainly …

Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian. Financial details of the deal were not disclosed. As a long-standing shareholder of …

Kingstone Companies Inc., headquartered in Kingston, New York, appointed Randy L. Patten as chief financial officer (CFO), effective August 25. Patten joins Kingstone Companies, Inc. from NEXT Insurance Inc., where he most recently served as vice president, chief accounting officer, …

An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday. Optus, one of Singtel’s largest overseas investments, …

Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems from the …

French wine makers have seen extensive damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country. “The situation is catastrophic”, Franck Saillan, general secretary …

Two experts on autonomous vehicle safety recently dove into legal arguments and engineering factors that shaped last week’s landmark jury decision against Tesla, at one point surfacing an important takeaway about insurance for Tesla drivers. “Your insurance company most likely …

Surplus lines sector continues to grow with mid-year premium reaching $46.2 billion from the 3.7 million items filed so far in 2025, according to data from U.S. surplus lines service and stamping offices in 15 states. These figures represent a …

The Roman Catholic Diocese of Trenton, New Jersey has voluntarily withdrawn its lawsuit against four liability insurers over coverage for sexual abuse claims brought against the diocese under the New Jersey Child Victims Act. The diocese sued in February alleging …

A retired federal judge will help decide the fate of thousands of Johnson & Johnson baby powder cancer lawsuits even though her law firm represents the drugmaker in other matters. Freda Wolfson was appointed earlier this summer to re-examine how …

Pennsylvania law enforcement officials have charged 13 people in a scheme of reselling luxury autos stolen from Florida. Attorney General Dave Sunday said the central Pennsylvania-based criminal enterprise involved “vehicle title-washing” that turned a profit of more than $1 million. …