Insurance
Insurance products and industry updates
Vermont Diocese Seeks to Exit Bankruptcy Amid Rising Litigation Costs and Asset Protection Concerns
The Vermont Diocese's move to exit bankruptcy raises ethical questions as it confronts legal risks related to abuse survivor claims against its assets.
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Risks and Rewards of Oil Transport Through the Strait of Hormuz: A Captain's Perspective
Oil transport through the Strait of Hormuz is fraught with danger, but high financial incentives for crews highlight the complex risks and rewards in global energy markets.
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Lawsuit from States Questions Corteva’s Vylor Spinoff Amid PFAS Liability Concerns
Fifteen states are challenging Corteva's recent spinoff of Vylor, claiming it's an attempt to evade substantial PFAS contamination liabilities.
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ANZ Ends 57-Year Relationship with KPMG Amid Confidentiality Allegations
ANZ Group will terminate its long-standing contract with KPMG Australia following serious allegations of misuse of confidential client information.
Read full story →Operational Consistency: The Key to Exceptional Client Service in Insurance
Operational consistency in client service fosters strong client relationships and drives retention, crucial for sustainable growth in the insurance sector.
Read full story →Passenger Intervention Prevents Potential Disaster on Flydubai Flight
A swift passenger and crew intervention thwarted a serious threat aboard a Flydubai flight, preventing a potential disaster during a mid-air crisis.
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Ken Griffin's Ambitious Vision for Miami's Academic Landscape
Ken Griffin's $2 billion investment to bring Carnegie Mellon University to Miami aims to reshape the city into a technology and finance hub.
Read full story →A. Morris “Mo” Tooker Appointed as Next CEO of The Hartford
A. Morris “Mo” Tooker will become The Hartford's new CEO in March 2027, succeeding Christopher Swift, who moves to executive chair.
Read full story →Lexington Insurance Establishes New Financial Institutions Division
AIG's Lexington Insurance launches a dedicated division for financial institutions, led by Kevin Ware, to address evolving market needs.
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Low Water Levels Disrupt Rhine Transport as Vessel Gets Stuck
A vehicle-carrying vessel recently became immobilized in Düsseldorf amid record low Rhine River water levels, highlighting ongoing transport challenges.
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Metropolis Nuclear Plant Reaches $80 Million Settlement Amid Ongoing Health Concerns
Solstice Advanced Materials settles toxicity claims against the Metropolis nuclear plant for $80 million, addressing long-standing health issues in the community.
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World Insurance Associates Expands Portfolio with Arctic Risk Specialists Acquisition
World Insurance Associates has acquired Arctic Risk Specialists, enhancing its expertise in contractor-related insurance.
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Hurricane Polo's Aftermath Prompts Flood Alerts Across Southwest and Midwest
Hurricane Polo's remnants are causing widespread flood warnings from Phoenix to Dallas, with significant rainfall expected in the coming days.
Read full story →Minnesota Reaches $18.5 Million Settlement Over Fraudulent Child Nutrition Claims
Minnesota has settled a civil lawsuit with Partners in Nutrition for $18.5 million, addressing fraudulent federal child nutrition claims during the pandemic.
Read full story →Lawsuit Filed Against Louisiana Manufacturing Firm for Disability Discrimination
Hunt Forest Products is facing a lawsuit from the EEOC for allegedly terminating an employee due to a seizure, breaching the ADA.
Read full story →Texas Insurance Tool Enhances Transparency of Policy Cancellations and Declinations
The Texas Department of Insurance has launched a new tool to help consumers understand the reasons behind policy cancellations and declines.
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Brightline's Bankruptcy Filing Marks a Major Shift in Florida's Private Rail Landscape
Brightline's bankruptcy filing underscores financial strains within private rail ventures, revealing deeper challenges against federal and municipal financing.
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Northeast and Mid-Atlantic States Brace for Severe Nor’easter Impact
Insurance carriers are halting new business as a rare Nor’easter threatens the Northeast and Mid-Atlantic with severe weather conditions.
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U.S. Mutual Insurers Report Significant Income Growth in 2025
U.S. mutual insurers saw a remarkable increase in net income, reaching approximately $42.6 billion in 2025, driven by strategic underwriting adjustments.
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Understanding the Financial Impact of Self-Employment: Hidden Costs Revealed
Self-employment can bring many benefits, but potential hidden costs like taxes and insurance can significantly impact earnings. Awareness is key.
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