Full content: PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …

Full content: When I talk with our agents that serve middle market clients, the same themes consistently emerge: middle market businesses are optimistic, but they’re also fatigued and looking for more than traditional risk transfer from their insurance partners. Many owners are …

Full content: Providing its annual report of hail-related claims, State Farm said that it paid out $5.6 billion nationally for such claims in 2025, and $1.4 billion in Texas alone. The giant insurer’s report on hail claims includes a list of the …

Full content: A California man pleaded guilty to a wrong-way crash that killed a sheriff’s recruit and injured more than two dozen other recruits. Nicholas Gutierrez, 25, pleaded guilty this week to a fatal wrong-way crash that resulted in the death of …

Full content: Eighty percent of insurance chief risk officers rank cyber among their top five risks, according to a new report from EY and the Institute of International Finance. That was up 14 percentage points year over year. The third annual EY–IIF …

Full content: The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating “virtually all” of the now-bankrupt company’s customer relationships and revenue. Former CEO Puthugramam …

Full content: World Insurance Associates LLC reports that it acquired the business of Baldon Insurance Group of Patchogue, New York. Terms of the January 1, 2026 transaction were not disclosed. Baldon, which was established in 2000, is a Long Island independent agency …

Full content: Pekin Insurance announced that John Colvert has joined the organization as Vice President – Sales & Marketing. Colvert brings more than two decades of leadership experience across Property & Casualty insurance and life and financial services. He most recently served …

Full content: A Travis County district judge has temporarily lifted a statewide ban on the sale of natural smokeable hemp products, such as flower buds and rolled joints, until at least April 28. Judge Maya Guerra Gamble granted the Texas Hemp Business …

Full content: California Attorney General Rob Bonta is suing the City of Poway alleging it violated the California Environmental Quality Act by failing to respond to discoveries of burials of ancestral human remains and cultural resources during the construction of a luxury …

Full content: As artificial intelligence and automation become faster and more precise, insurance industry leaders are finding that the differentiator isn’t just better technology but how the people behind the technology are using it. That’s according to experts at InsurTech New York’s …

Full content: A federal judge on April 21 delayed the planned criminal sentencing of Purdue Pharma by one week, saying she wanted to allow more public participation before concluding a criminal case over the company’s marketing of addictive opioid drugs. U.S. District …

Full content: First quarter 2026 net income at W.R. Berkley Corp. increased about 23.4% compared to the same period a year ago to about $515.2 million. Operating income for the first three months of the year was a record $514.3 million. The …

Full content: Drought in the contiguous United States has reached record levels for this time of year, weather data shows. Meteorologists said it’s a bad sign for the upcoming wildfire season, food prices and western water issues. More than 61% of the …