‘Preventable’ National Grid Failures Led to Heathrow Fire: Report
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Description: A fire that shut London’s Heathrow airport in March, stranding thousands of people, was caused by the UK power grid’s failure to maintain an electricity substation, an official report said on Wednesday, prompting the energy watchdog to open a probe. …
Full content: A fire that shut London’s Heathrow airport in March, stranding thousands of people, was caused by the UK power grid’s failure to maintain an electricity substation, an official report said on Wednesday, prompting the energy watchdog to open a probe. …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 19:12:17 +0000
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People Moves: Ki Appoints Ex-PartnerRe Executive Bonneau as Chair
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Description: Ki Appoints Ex-PartnerRe Exec Bonneau as Chair Ki, the algorithmically powered Lloyd’s digital follow platform, announced the appointment of Jacques Bonneau as non-executive chair for Ki Financial Ltd., effective July 1, 2025. Bonneau was previously president & CEO of PartnerRe, …
Full content: Ki Appoints Ex-PartnerRe Exec Bonneau as Chair Ki, the algorithmically powered Lloyd’s digital follow platform, announced the appointment of Jacques Bonneau as non-executive chair for Ki Financial Ltd., effective July 1, 2025. Bonneau was previously president & CEO of PartnerRe, …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 16:47:57 +0000
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Tensions Are Starting to Brew Over Waterways for US LNG Cargoes
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Description: One of the US largest exporters of liquefied natural gas, Venture Global Inc., is raising questions over how to share a common waterway with a planned neighbor — it’s a move that underscores a coming bottleneck for shipping space in …
Full content: One of the US largest exporters of liquefied natural gas, Venture Global Inc., is raising questions over how to share a common waterway with a planned neighbor — it’s a move that underscores a coming bottleneck for shipping space in …
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Category: Texas / South Central News
Date: Thu, 03 Jul 2025 16:35:52 +0000
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Judge Dismisses Texas Attorney General’s Lawsuit Over State Fair Gun Restrictions
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Description: A Dallas County district judge dismissed state Attorney General Ken Paxton’s suit against the State Fair of Texas and the City of Dallas, for gun restrictions that were enacted following a 2023 shooting that injured three people at the fairgrounds. …
Full content: A Dallas County district judge dismissed state Attorney General Ken Paxton’s suit against the State Fair of Texas and the City of Dallas, for gun restrictions that were enacted following a 2023 shooting that injured three people at the fairgrounds. …
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Category: Texas / South Central News
Date: Thu, 03 Jul 2025 16:28:18 +0000
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Wisconsin Sports Park Sued for Firing Christian Employee
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Description: Crystal Ridge Ski Area, LLC, doing business as The Rock Snowpark, a winter sports park and summer events venue in Franklin, Wisconsin, violated federal law when it terminated a lift operations manager because of his religion, the U.S. Equal Employment …
Full content: Crystal Ridge Ski Area, LLC, doing business as The Rock Snowpark, a winter sports park and summer events venue in Franklin, Wisconsin, violated federal law when it terminated a lift operations manager because of his religion, the U.S. Equal Employment …
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Category: Midwest News
Date: Thu, 03 Jul 2025 16:12:08 +0000
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People Moves: Rockford Mutual Promotes Kriens to Claims VP as Kennedy Retires
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Description: Rockford Mutual Insurance Company (RMIC), headquartered in Rockford, Illinois, promoted Ann Kriens to the position of claims vice president. Kriens joined RMIC in 2014 with 20 years of claims experience at Economy/MetLife, serving as an adjuster, support supervisor, property subrogation …
Full content: Rockford Mutual Insurance Company (RMIC), headquartered in Rockford, Illinois, promoted Ann Kriens to the position of claims vice president. Kriens joined RMIC in 2014 with 20 years of claims experience at Economy/MetLife, serving as an adjuster, support supervisor, property subrogation …
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Category: Midwest News
Date: Thu, 03 Jul 2025 16:08:12 +0000
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Northeast Firms to Pay $1.37M to Settle Claims of Shoddy Runway Construction
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Description: Contractors from Maine, Connecticut and New York will pay $1.37 million to resolve allegations concerning false claims for payment related to the rehabilitation of a Westfield-Barnes Regional Airport runway in Westfield, Massachusetts. As part of the settlement agreement announced by …
Full content: Contractors from Maine, Connecticut and New York will pay $1.37 million to resolve allegations concerning false claims for payment related to the rehabilitation of a Westfield-Barnes Regional Airport runway in Westfield, Massachusetts. As part of the settlement agreement announced by …
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Category: East News
Date: Thu, 03 Jul 2025 16:01:54 +0000
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Cyberattack on Brazil Tech Provider Hits Reserve Accounts of Some Financial Institutions
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Description: Brazil’s central bank said on Wednesday that technology services provider C&M Software, which serves financial institutions lacking connectivity infrastructure, had reported a cyberattack on its systems. The bank did not provide further details of the attack, but said in a …
Full content: Brazil’s central bank said on Wednesday that technology services provider C&M Software, which serves financial institutions lacking connectivity infrastructure, had reported a cyberattack on its systems. The bank did not provide further details of the attack, but said in a …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 15:59:14 +0000
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Business Moves: Specialist Risk Group Acquires Generation Underwriting From WF Risk Group; Ardonagh Acquires Majority Stake in Apex Insurance in Hong Kong
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Description: Specialist Risk Group Acquires Generation Underwriting From WF Risk Group Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of managing general agent Generation Underwriting, which has offices in Newcastle and Belfast, from WF Risk Group. Financial details …
Full content: Specialist Risk Group Acquires Generation Underwriting From WF Risk Group Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of managing general agent Generation Underwriting, which has offices in Newcastle and Belfast, from WF Risk Group. Financial details …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 15:49:28 +0000
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Aon’s Albert G. Ruben Joins Relation Insurance
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Description: Relation Insurance Services said late last month that it acquired Aon’s Albert G. Ruben, a brokerage for the entertainment industry for the last 65 years. Terms of the deal were not disclosed. The Albert G. Ruben name and team will …
Full content: Relation Insurance Services said late last month that it acquired Aon’s Albert G. Ruben, a brokerage for the entertainment industry for the last 65 years. Terms of the deal were not disclosed. The Albert G. Ruben name and team will …
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Category: National News
Date: Thu, 03 Jul 2025 15:36:04 +0000
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Florida Taps Contractors With No Detention Experience for ‘Alligator Alcatraz’
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Description: On June 20, nearly three weeks into the Atlantic hurricane season, Florida disaster-management officials assembled a group of emergency relief contractors in Tallahassee and asked them to do something they had never done before. Governor Ron DeSantis wanted to construct …
Full content: On June 20, nearly three weeks into the Atlantic hurricane season, Florida disaster-management officials assembled a group of emergency relief contractors in Tallahassee and asked them to do something they had never done before. Governor Ron DeSantis wanted to construct …
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Category: Southeast News
Date: Thu, 03 Jul 2025 15:06:08 +0000
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Data Call: South Carolina DOI Sets August Deadline for Liability Insurance Info
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Description: In keeping with state law, the South Carolina Department of Insurance is again asking carriers to submit extensive data on commercial liability and liquor liability coverage in the state. The data should be submitted by Aug. 31 and should include …
Full content: In keeping with state law, the South Carolina Department of Insurance is again asking carriers to submit extensive data on commercial liability and liquor liability coverage in the state. The data should be submitted by Aug. 31 and should include …
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Category: Southeast News
Date: Thu, 03 Jul 2025 14:49:47 +0000
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Zurich Insurance Buys Canadian Insurance Technology Firm BOXX
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Description: Zurich Insurance Group AG agreed to buy BOXX Insurance Inc, a Canadian cyber risk management firm, marking the Swiss insurer’s latest push into the insurance technology sector. The acquisition will see BOXX becoming part of Zurich’s platforms business, Zurich Global …
Full content: Zurich Insurance Group AG agreed to buy BOXX Insurance Inc, a Canadian cyber risk management firm, marking the Swiss insurer’s latest push into the insurance technology sector. The acquisition will see BOXX becoming part of Zurich’s platforms business, Zurich Global …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 14:36:24 +0000
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Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Brokers
Author: L.S. Howard
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Description: Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers — but underwriting discipline continues, according to renewal reports from three reinsurance brokers. Despite heavy natural catastrophe losses in the first quarter, reinsurance …
Full content: Strong returns in the reinsurance sector are attracting capital and leading to favorable pricing outcomes for buyers — but underwriting discipline continues, according to renewal reports from three reinsurance brokers. Despite heavy natural catastrophe losses in the first quarter, reinsurance …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 14:17:49 +0000
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Retailers Sue New York to Block Algorithmic Pricing Law
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Description: New York state was sued on Wednesday by the National Retail Federation over a new law requiring retailers to tell customers when their personal data are being used to set prices, known as surveillance pricing. The world’s largest retail trade …
Full content: New York state was sued on Wednesday by the National Retail Federation over a new law requiring retailers to tell customers when their personal data are being used to set prices, known as surveillance pricing. The world’s largest retail trade …
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Category: East News
Date: Thu, 03 Jul 2025 12:56:36 +0000
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Massachusetts High Court Orders Workers’ Comp Trust Fund Payments
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Description: In two separate rulings, the Massachusetts Supreme Judicial Court has found that an insurer in runoff and the state’s insolvency fund were both wrongly denied certain payments they are entitled from the state’s workers’ compensation fund. The high court found …
Full content: In two separate rulings, the Massachusetts Supreme Judicial Court has found that an insurer in runoff and the state’s insolvency fund were both wrongly denied certain payments they are entitled from the state’s workers’ compensation fund. The high court found …
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Category: East News
Date: Thu, 03 Jul 2025 12:44:14 +0000
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Trump Asks SCOTUS to Allow Removal of Consumer Product Safety Commissioners
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Description: President Donald Trump’s administration asked the U.S. Supreme Court on Wednesday to intervene in his bid to fire three Democratic Consumer Product Safety Commission members by putting on hold a judicial order calling for their reinstatement. In the latest fight …
Full content: President Donald Trump’s administration asked the U.S. Supreme Court on Wednesday to intervene in his bid to fire three Democratic Consumer Product Safety Commission members by putting on hold a judicial order calling for their reinstatement. In the latest fight …
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Category: National News
Date: Thu, 03 Jul 2025 11:16:42 +0000
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Mount Everest’s Trash-Covered Slopes Are Being Cleaned by Drones
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Description: Human waste, empty oxygen cylinders, kitchen leftovers and discarded ladders. Sherpas working on Mount Everest carry all that and more — 20 kilograms (44 pounds) per person — navigating a four-hour hike that traverses crumbling glacial ice and treacherous crevasses …
Full content: Human waste, empty oxygen cylinders, kitchen leftovers and discarded ladders. Sherpas working on Mount Everest carry all that and more — 20 kilograms (44 pounds) per person — navigating a four-hour hike that traverses crumbling glacial ice and treacherous crevasses …
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Category: International & Reinsurance News
Date: Thu, 03 Jul 2025 08:47:53 +0000
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People Moves: Liberty GTS Names Weiss Head of Americas; Arch Insurance NA Taps Kaufmann for US Marine Business; Costa to Lead Aspen Investor Relations
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Description: Liberty GTS Names Weiss Head of Americas Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance headquartered in London, promoted Hilary Weiss to head of Americas. Weiss joined Liberty Mutual in 2018 as associate vice president, Americas M&A before …
Full content: Liberty GTS Names Weiss Head of Americas Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance headquartered in London, promoted Hilary Weiss to head of Americas. Weiss joined Liberty Mutual in 2018 as associate vice president, Americas M&A before …
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Category: National News
Date: Thu, 03 Jul 2025 06:25:30 +0000
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Insurers Race to the Starting Line in the Dawn of the AI Decision Era
Author: Elizabeth Blosfield
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Description: Embracing artificial intelligence in insurance is a race, but one that experts describe as a race to the starting rather than the finish line. “I think this is sort of a race to the starting line,” said Indico Data CEO …
Full content: Embracing artificial intelligence in insurance is a race, but one that experts describe as a race to the starting rather than the finish line. “I think this is sort of a race to the starting line,” said Indico Data CEO …
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Category: National News
Date: Thu, 03 Jul 2025 05:05:45 +0000
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Only Carrier or Comp Judge Can Determine Compensability, Fla. Appeals Court Says
Author: William Rabb
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Description: An employee cannot file a tort lawsuit against her employer until after it has been determined that she is not eligible for a workers’ compensation claim. And that compensability determination can only be made by an insurer or a compensation …
Full content: An employee cannot file a tort lawsuit against her employer until after it has been determined that she is not eligible for a workers’ compensation claim. And that compensability determination can only be made by an insurer or a compensation …
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Category: Southeast News
Date: Thu, 03 Jul 2025 05:02:52 +0000
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Kraft Heinz Recalls Oscar Mayer Turkey Bacon Over Listeria Risk
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Description: Packaged food maker Kraft Heinz is recalling about 367,812 pounds of Oscar Mayer turkey bacon following concerns that the products may be contaminated with Listeria bacteria, the U.S. food safety regulator said on Wednesday. The recall will affect vacuum-packed, fully …
Full content: Packaged food maker Kraft Heinz is recalling about 367,812 pounds of Oscar Mayer turkey bacon following concerns that the products may be contaminated with Listeria bacteria, the U.S. food safety regulator said on Wednesday. The recall will affect vacuum-packed, fully …
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Category: National News
Date: Thu, 03 Jul 2025 05:01:36 +0000
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Claim Counts Down, Losses up for California Workers’ Comp Private Self-Insureds
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Description: California’s private self-insured employers reported 7.4% fewer workers’ compensation claims in 2024 than in 2023, pushing private self-insured claim frequency to a four-year low, a new report shows. However, for the second straight year, the average paid and incurred losses …
Full content: California’s private self-insured employers reported 7.4% fewer workers’ compensation claims in 2024 than in 2023, pushing private self-insured claim frequency to a four-year low, a new report shows. However, for the second straight year, the average paid and incurred losses …
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Category: West News
Date: Thu, 03 Jul 2025 05:00:22 +0000
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California Appoints Members to New Smoke Claims and Remediation Task Force
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Description: California Insurance Commissioner Ricardo Lara has appointed members to his new Smoke Claims and Remediation Task Force, as part of his response to issues over smoke damage caused by wildfires across the state, including the handling of smoke damage claims …
Full content: California Insurance Commissioner Ricardo Lara has appointed members to his new Smoke Claims and Remediation Task Force, as part of his response to issues over smoke damage caused by wildfires across the state, including the handling of smoke damage claims …
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Category: West News
Date: Thu, 03 Jul 2025 05:00:02 +0000
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Washington Commissioner Convenes Advisory Board to Eye Insurer AI Use
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Description: Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on policy development, regulatory oversight and consumer education efforts. The …
Full content: Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on policy development, regulatory oversight and consumer education efforts. The …
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Category: West News
Date: Wed, 02 Jul 2025 20:51:58 +0000
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US Probes Ex-Ransom Negotiator Accused of Scheming With Hackers
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Description: Law enforcement officials are investigating a former employee of a company that negotiates with hackers and facilitates cryptocurrency payments during ransomware attacks, according to a statement from the firm, DigitalMint. DigitalMint President Marc Jason Grens this week told organizations it …
Full content: Law enforcement officials are investigating a former employee of a company that negotiates with hackers and facilitates cryptocurrency payments during ransomware attacks, according to a statement from the firm, DigitalMint. DigitalMint President Marc Jason Grens this week told organizations it …
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Category: National News
Date: Wed, 02 Jul 2025 19:00:07 +0000
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Texas Braces for Budget Constraints as Federal Funding Dries Up
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Description: The era of massive state budget surpluses in Texas could be coming to an end. As the last of the federal government’s COVID-19 emergency funds are spent and sales tax revenues return to historic averages after a large spike, budget …
Full content: The era of massive state budget surpluses in Texas could be coming to an end. As the last of the federal government’s COVID-19 emergency funds are spent and sales tax revenues return to historic averages after a large spike, budget …
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Category: Texas / South Central News
Date: Wed, 02 Jul 2025 16:28:08 +0000
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Legacy Specialist Enstar Goes Private on Completed Acquisition by PE Firm Sixth Street
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Description: Sixth Street, the San Francisco-based private equity firm, has completed its $5.1 billion acquisition of Bermuda legacy specialist Enstar Group. Enstar’s ordinary shares will no longer be listed publicly, and Enstar will continue operations as a privately held, standalone company, …
Full content: Sixth Street, the San Francisco-based private equity firm, has completed its $5.1 billion acquisition of Bermuda legacy specialist Enstar Group. Enstar’s ordinary shares will no longer be listed publicly, and Enstar will continue operations as a privately held, standalone company, …
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Category: International & Reinsurance News
Date: Wed, 02 Jul 2025 15:49:50 +0000
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Trump Hotel Pays $4.8 Million to Resolve Complaint Over Killing Fish in Chicago
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Description: Trump International Hotel & Tower Chicago will pay $4.8 million to resolve a complaint that it was killing fish in the Chicago River. A system used to cool the building by drawing in river water was sucking in thousands of …
Full content: Trump International Hotel & Tower Chicago will pay $4.8 million to resolve a complaint that it was killing fish in the Chicago River. A system used to cool the building by drawing in river water was sucking in thousands of …
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Category: Midwest News
Date: Wed, 02 Jul 2025 15:45:54 +0000
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NOAA Delays Cutoff of Key Satellite Data for Hurricane Forecasting
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Description: The National Oceanic and Atmospheric Administration said Monday it is delaying by one month the planned cutoff of satellite data that helps forecasters track hurricanes. Meteorologists and scientists warned of severe consequences last week when NOAA said, in the midst …
Full content: The National Oceanic and Atmospheric Administration said Monday it is delaying by one month the planned cutoff of satellite data that helps forecasters track hurricanes. Meteorologists and scientists warned of severe consequences last week when NOAA said, in the midst …
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Category: National News
Date: Wed, 02 Jul 2025 14:53:42 +0000
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