California Workers’ Comp Board OKs Higher Pure Premium Rate Filing
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Description: The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …
Full content: The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …
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Category: West News
Date: Mon, 21 Apr 2025 20:41:12 +0000
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Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B
Author: L.S. Howard
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Description: Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to …
Full content: Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses across the globe, according to …
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Category: International & Reinsurance News
Date: Mon, 21 Apr 2025 16:44:54 +0000
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AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group
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Description: AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …
Full content: AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …
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Category: Texas / South Central News
Date: Mon, 21 Apr 2025 16:40:47 +0000
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ALKEME Acquires Michigan’s Crawford Insurance Group
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Description: ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …
Full content: ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …
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Category: Midwest News
Date: Mon, 21 Apr 2025 16:28:50 +0000
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Capital Farm Credit Acquires Two Texas Agencies
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Description: The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …
Full content: The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …
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Category: Texas / South Central News
Date: Mon, 21 Apr 2025 16:24:55 +0000
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Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust
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Description: Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …
Full content: Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …
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Category: National News
Date: Mon, 21 Apr 2025 15:24:22 +0000
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Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns
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Description: Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …
Full content: Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …
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Category: International & Reinsurance News
Date: Mon, 21 Apr 2025 15:08:15 +0000
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Kentucky Auditor Announces Investigation of State’s Medical Cannabis Program
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Description: FRANKFORT, Ky. (AP) — Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process and sell the medicinal products to …
Full content: FRANKFORT, Ky. (AP) — Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process and sell the medicinal products to …
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Category: Southeast News
Date: Mon, 21 Apr 2025 14:36:49 +0000
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Questions About How a Deputy’s Stepson Became the Accused Gunman at FSU Shooting
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Description: TALLAHASSEE, Fla. (AP) — Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety at a …
Full content: TALLAHASSEE, Fla. (AP) — Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety at a …
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Category: Southeast News
Date: Mon, 21 Apr 2025 14:30:04 +0000
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Business Moves: Applied Underwriters Completes Spin-Off of United Risk
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Description: Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (MGA) and underwriter (MGU) specialized insurance programs. …
Full content: Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (MGA) and underwriter (MGU) specialized insurance programs. …
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Category: National News
Date: Mon, 21 Apr 2025 13:49:53 +0000
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White House Seeks to Bring Financial Regulators Under Its Sway
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Description: The White House is stepping up its efforts to bring independent agencies — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — under its control, requiring allies of President Donald Trump to approve all new regulations …
Full content: The White House is stepping up its efforts to bring independent agencies — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — under its control, requiring allies of President Donald Trump to approve all new regulations …
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Category: National News
Date: Mon, 21 Apr 2025 11:49:09 +0000
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Trump Tariff Worries Spur Record Overseas Demand for Japanese Government Bonds
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Description: The longest-dated Japanese government bonds attracted record foreign demand last month as money shifted out of U.S. debt in search of other safe havens as President Donald Trump’s aggressive tariffs sparked concerns of a U.S. recession. Overseas investors scooped up …
Full content: The longest-dated Japanese government bonds attracted record foreign demand last month as money shifted out of U.S. debt in search of other safe havens as President Donald Trump’s aggressive tariffs sparked concerns of a U.S. recession. Overseas investors scooped up …
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Category: International & Reinsurance News
Date: Mon, 21 Apr 2025 11:16:41 +0000
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India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say
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Description: India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. …
Full content: India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. …
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Category: International & Reinsurance News
Date: Mon, 21 Apr 2025 09:31:59 +0000
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Norfolk Southern and OxyVinyls Reach Agreement on $600M Settlement
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Description: Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement, which the railroad agreed to after the disastrous 2023 Ohio train derailment and toxic chemicals that …
Full content: Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement, which the railroad agreed to after the disastrous 2023 Ohio train derailment and toxic chemicals that …
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Category: Midwest News
Date: Mon, 21 Apr 2025 06:03:05 +0000
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Florida Bill Advances, Would End Board of Engineers, Other Professional Agencies
Author: William Rabb
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Description: Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many more professionals. House …
Full content: Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many more professionals. House …
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Category: Southeast News
Date: Mon, 21 Apr 2025 05:01:20 +0000
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Bayer Lobbies States in Battle to Keep Glyphosate on Market, CEO Says
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Description: Bayer is lobbying U.S. states to adjust their regulations in the battle to control costly litigation targeting its herbicide glyphosate but is also prepared for a possible exit from the market, the group’s CEO said on Thursday. Facing weak earnings, …
Full content: Bayer is lobbying U.S. states to adjust their regulations in the battle to control costly litigation targeting its herbicide glyphosate but is also prepared for a possible exit from the market, the group’s CEO said on Thursday. Facing weak earnings, …
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Category: National News
Date: Mon, 21 Apr 2025 05:00:53 +0000
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Gov. Hochul’s Proposed Regulatory Changes to Workers’ Comp Treatment
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Description: In her 2025 State of the State, Gov. Kathy Hochul outlined several proposals aimed at improving access to medical care within the New York State Workers’ Compensation system. These initiatives, detailed in her “Fighting for Your Family” agenda and elaborated …
Full content: In her 2025 State of the State, Gov. Kathy Hochul outlined several proposals aimed at improving access to medical care within the New York State Workers’ Compensation system. These initiatives, detailed in her “Fighting for Your Family” agenda and elaborated …
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Category: East News
Date: Mon, 21 Apr 2025 05:00:44 +0000
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High Cost of Living Fears We’re Made Worse by LA Wildfire in UCLA Survey
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Description: The high cost of living remains a main concern in America’s largest exacerbated by the January 2025 wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest with …
Full content: The high cost of living remains a main concern in America’s largest exacerbated by the January 2025 wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest with …
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Category: West News
Date: Mon, 21 Apr 2025 05:00:42 +0000
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Tesla Settles Employee’s California Suit Alleging Pervasive Harassment
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Description: Tesla settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying “welcome to the plantation” or “welcome to the slave house.” Raina Pierce, who installed latches …
Full content: Tesla settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying “welcome to the plantation” or “welcome to the slave house.” Raina Pierce, who installed latches …
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Category: West News
Date: Mon, 21 Apr 2025 05:00:29 +0000
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Navion Acquires P/C Business of Instasure in California
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Description: Navion insurance Associates Inc. acquired the property/casualty book of business from Instasure in California. Instasure is an insurance agency that specializes in serving the commercial insurance needs of clients. Navion Insurance Associates is based in Yorba Linda, California. It is …
Full content: Navion insurance Associates Inc. acquired the property/casualty book of business from Instasure in California. Instasure is an insurance agency that specializes in serving the commercial insurance needs of clients. Navion Insurance Associates is based in Yorba Linda, California. It is …
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Category: West News
Date: Mon, 21 Apr 2025 05:00:23 +0000
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New York’s Delayed Retail Worker Safety Act Goes into Effect June 2
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Description: Originally set to go into effect Jan. 31, New York’s new law offers workers more protections against workplace violence and harassment. The Retail Worker Safety Act (S. 8358B/A. 8947C), signed by Gov. Kathy Hochul (D) on Sept. 4, 2024, requires …
Full content: Originally set to go into effect Jan. 31, New York’s new law offers workers more protections against workplace violence and harassment. The Retail Worker Safety Act (S. 8358B/A. 8947C), signed by Gov. Kathy Hochul (D) on Sept. 4, 2024, requires …
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Category: East News
Date: Mon, 21 Apr 2025 05:00:14 +0000
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FDA Suspends Food Safety Quality Checks After Staff Cuts
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Description: The Food and Drug Administration is suspending a quality control program for its food testing laboratories as a result of staff cuts at the Department of Health and Human Services, according to an internal email seen by Reuters. The proficiency …
Full content: The Food and Drug Administration is suspending a quality control program for its food testing laboratories as a result of staff cuts at the Department of Health and Human Services, according to an internal email seen by Reuters. The proficiency …
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Category: National News
Date: Mon, 21 Apr 2025 05:00:03 +0000
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Uber Spends Six Figures on Ads in Latest NY Insurance Reform Push
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Description: Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesday as …
Full content: Uber Technologies Inc. is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. The rideshare giant launched the campaign on Tuesday as …
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Category: East News
Date: Fri, 18 Apr 2025 13:24:50 +0000
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USI Says Lockton, Former Team Leader Poached Workers, Harmed Client Relations
Author: William Rabb
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Description: USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career …
Full content: USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, who began her career …
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Category: Southeast News
Date: Fri, 18 Apr 2025 05:02:22 +0000
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Federal Judge Blocks Labor Department From Enforcing DEI Ban for Contractors
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Description: A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor from requiring government contractors and grant recipients to certify they do not operate any diversity, equity and inclusion programs that run afoul of anti-discrimination …
Full content: A federal judge on Tuesday issued a preliminary injunction that prevents the U.S. Department of Labor from requiring government contractors and grant recipients to certify they do not operate any diversity, equity and inclusion programs that run afoul of anti-discrimination …
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Category: National News
Date: Fri, 18 Apr 2025 05:01:46 +0000
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Major Florida Grower to Build New Home Development After Ending Citrus Operations
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Description: FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, …
Full content: FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, …
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Category: Southeast News
Date: Fri, 18 Apr 2025 05:01:23 +0000
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New Hampshire Regulates Use of Technology in Auto Claims, Property Underwriting
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Description: The New Hampshire Insurance Department (NHID) has issued a bulletin clarifying insurers’ obligations when using virtual claims adjustment systems to assess automobile damage. That guidance came in response to a growing number of insurers relying on photo and video submissions …
Full content: The New Hampshire Insurance Department (NHID) has issued a bulletin clarifying insurers’ obligations when using virtual claims adjustment systems to assess automobile damage. That guidance came in response to a growing number of insurers relying on photo and video submissions …
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Category: East News
Date: Fri, 18 Apr 2025 05:00:24 +0000
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Insurtech 1Fort Raises $7.5M to Support AI Binding Tech for Brokers
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Description: 1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing …
Full content: 1Fort, the AI platform for business insurance, announced it raised $7.5 million in an oversubscribed funding round led by Bonfire Ventures. The round also included Draper Associates (Tim Draper); Karim Atiyeh, the founder of Ramp; and participation from all existing …
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Category: National News
Date: Thu, 17 Apr 2025 19:06:54 +0000
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People Moves: Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East; DUAL Europe Expands Marine Business With New Team in Hamburg, Germany
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Description: Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East Specialty MGA Africa & Middle East, part of MNK Group and a sister company of Specialty MGA UK, announced the appointment of two new senior underwriters as it strengthens …
Full content: Specialty MGA Appoints 2 Senior Underwriters for Africa & Middle East Specialty MGA Africa & Middle East, part of MNK Group and a sister company of Specialty MGA UK, announced the appointment of two new senior underwriters as it strengthens …
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Category: International & Reinsurance News
Date: Thu, 17 Apr 2025 16:46:58 +0000
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Black Residents Get Most of the Pollution But Few Jobs From Chemical Industry: Study
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Description: Residents of the mostly Black communities sandwiched between chemical plants along the lower Mississippi River have long said they get most of the pollution but few of the jobs produced by the region’s vast petrochemical industry. A new study led …
Full content: Residents of the mostly Black communities sandwiched between chemical plants along the lower Mississippi River have long said they get most of the pollution but few of the jobs produced by the region’s vast petrochemical industry. A new study led …
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Category: Texas / South Central News
Date: Thu, 17 Apr 2025 16:32:14 +0000
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