Insurance
Insurance products and industry updates
Michigan Home Health Provider to Pay $41,137 in Discrimination Settlement
A five-year consent decree requires Mid-Michigan Home Health & Hospice to pay $41,137 and track discrimination complaints and aide assignments.
Read full story →Specialty Program Group Names Vicky Dearing SVP of SPG ExecuPro
Vicky Dearing joins SPG ExecuPro with more than 45 years in insurance, including over three decades in professional liability.
Read full story →Brown & Riding Adds Matthew Allen to National Liability Practice
Matthew Allen joins Brown & Riding with more than 15 years of experience across management, professional and cyber liability risks.
Read full story →Erie Names Brian Bolash Interim CEO After Tim NeCastro’s Early Exit
Brian Bolash takes the interim CEO role as Erie’s board continues its search, following Tim NeCastro’s early departure.
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RiverStone Adds ILS Reinsurance Deal Alongside $1.6B QBE Portfolio Transfers
RiverStone’s first ILS transaction covers portfolios linked to Leadenhall funds, while completed QBE transfers represent about $1.6 billion in reserves.
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Uncertain FEMA Aid Shifts More Disaster Recovery Costs to Local Communities
FEMA denials and delayed reimbursements are increasing local recovery burdens, while schools, libraries and faith groups help communities respond.
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Vantage Adds Facultative Reinsurance, Taps Lisa Pickard to Lead Unit
Vantage is building a facultative reinsurance business under Lisa Pickard, extending its specialty platform after its 2026 acquisition.
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Inflation Makes Banking Fees a Bigger Drain on Household Cash
Inflation can squeeze household budgets while account charges add up. Compare checking fees, ATM access and overdraft terms to see where costs can be reduced.
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What Crypto Insurance Covers After the Reported $6.3 Billion Binance Heist
Crypto insurance coverage depends on asset custody, breach details and policy exclusions. Binance’s $1 billion SAFU fund is another potential recovery source.
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US Commercial Auto Losses Narrow 55% in 2025, AM Best Reports
Commercial auto’s 2025 underwriting loss fell to $2.2 billion, while liability costs remain the main drag on results.
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Markel Transfers $1.2 Billion of Legacy Loss Risk to Enstar
Markel’s $1.2 billion adverse development cover targets legacy reserves, adding certainty as the group concentrates on specialty insurance.
Read full story →Opterrix Adds AI Workflow for Insurers’ Portfolio Risk Management
Opterrix’s new workflow combines exposure tracking, geographic accumulation, scenario analysis and event response for insurance portfolios.
Read full story →Louisiana Man Arrested in Alleged Pickup Insurance Fraud Case
A Louisiana man faces an insurance fraud charge after investigators say he torched his truck in Mississippi and filed a claim.
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AM Best Raises Upland Mutual Ratings to A- and “a-” on Surplus Growth
Upland Mutual’s five-year surplus growth, strong risk-adjusted capital and reduced debt underpin AM Best’s higher ratings; the outlook is now stable.
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EPA Inspector General to Review Agency’s East Palestine Derailment Response
The EPA inspector general will assess the agency’s response and whether its public safety assurances were supported by sufficient data.
Read full story →Trump Moves to End Biden Methane Rule, Citing $45 Billion in Savings
Trump says ending the methane rule will save $45 billion and support drilling; the change would unwind monitoring and repair requirements for existing wells.
Read full story →Turkiye Sigorta Shares Slide 18% as Fund Probe Reaches Senior Executives
Turkiye Sigorta has lost more than 40% of its market value since September as arrests, leadership changes and delayed results weigh on its shares.
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Cyclone Arnab Tests India’s Quiet North Indian Ocean Season
Cyclone Arnab brings a sharp shift after months of subdued North Indian Ocean activity, with crop damage and heavy rain risks across the region.
Read full story →CM Vantage Names Amy Finnegan Casualty Managing Director; Alliant Adds Karen Spangler
CM Vantage taps Amy Finnegan to lead casualty underwriting, while Alliant hires Karen Spangler to advise Midwest employers on benefits programs.
Read full story →Deepwater Horizon Spill Linked to Lasting Declines in Gulf Twilight-Zone Marine Life
A Gulf study found fish, crustacean and cephalopod populations remained sharply reduced years after the 2010 Deepwater Horizon spill.
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