High Winds in Southern California Drive Two Blazes
A wildfire sparked in California’s upscale Malibu beach community on Wednesday was driven by powerful winds sweeping apart the state’s southern region. The Broad Fire in Los Angeles County
Illinois Contractor Cited for Exposing Workers to Fall Hazards
Federal inspectors have cited 595 Construction LLC – a Crystal Lake, Illinois contractor with a history of exposing employees to fall hazards – for eight safety violations after finding em
Texas Medical Supply Distributor to Pay $448K in Back Wages for Racial Hiring Discrimination
The U.S. Department of Labor’s Office of Federal Contract Compliance Programs has entered into an agreement with McKesson Medical-Surgical Inc., one of the nation’s largest distributors of
Automotive Control Company to Pay $80K Over Sex Discrimination
An automotive quality control company with locations in Michigan, Alabama, Illinois, Tennessee and South Carolina, will pay $80,000 and furnish other relief to settle a U.S. Equal Employment Opportuni
Fairgoers Join Lawsuit Against State Fair of Texas and Dallas Over Firearms Ban
Three fairgoers have joined Texas Attorney General Ken Paxton in suing the State Fair of Texas and the city of Dallas over the fair’s policy banning all firearms from its properties. Monday̵
Navarro Wins Delaware Insurance Commissioner Reelection
Trinidad Navarro will retain his role as Delaware insurance commissioner. Navarro, the state’s Democratic incumbent, defeated Republican nominee Ralph Taylor in Tuesday’s election. More th
Florida’s Citizens Suspends Binding on Policies as Another Storm Churns in the Gulf
Florida’s state-created Citizens Property Insurance Corp., the largest insurer in the state, has suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean
Mississippi Worker Killed When Hot Asphalt Falls from Dump Truck
JACKSON, Miss. (AP) — Police in Mississippi’s capital said a man died Monday when he was trying to repair a dump truck and asphalt poured onto him. Darrell Sheriff, 41, was underneath the truck working on a hydraulic line when …
Legal Weed Ballot Measure Falls Short of Supermajority Vote Needed in Florida
A constitutional amendment that would have legalized recreational marijuana in Florida won a majority of votes Tuesday but fell short of the required 60% needed to pass. The vote snuffs out what was expected to be a rush to set …
Markets/Coverages: Chaucer Offers Nuclear Power Stations Insurance for Cyberattacks
Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyber attacks. Called CyNuC, the malicious act cyber insurance policy was develope
How Trump’s Second Administration Affects Business: Musk, Tariffs and More
Donald Trump’s return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, incl
North Carolina Insurance Commissioner Causey Elected to Third Term
North Carolina Insurance Commissioner Mike Causey was reelected to a third term, gaining 52% of the vote to Democratic opponent Natasha Marcus’ 48%. News reports and the Associated Press indicat
Business Moves: Ryan Specialty Acquires MGU Specialist; Clear Buys UK’s CoverMarque
Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal w
Chinese Group Accused of Hacking Singtel in Telecom Attacks
Singapore Telecommunications Ltd., Singapore’s largest mobile carrier, was breached by Chinese state-sponsored hackers this summer as part of a broader campaign against telecommunications compan
Spain Risks €10.6 Billion Flood Damage Bill, PM Sanchez Says
Spanish Prime Minister Pedro Sanchez announced the first financial package for victims of the storms that killed more than 200 people in the country’s eastern region of Valencia. Spain will earm
Generali Said to Weigh Deal for Credit Investment Firm MGG
Assicurazioni Generali SpA is considering a deal to acquire New York-based credit investment firm MGG Investment Group, people familiar with the matter said, as the Italian insurer looks to expand in
People Moves: H.W. Kaufman Group Promotes 11 Leaders Across North America
H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 11 members of its North American team to new roles. The promotions include: Rich Gobler, promoted to executive vice president,
Ivans Index Shows Commercial Lines Renewal Rates Down in October From August
All major commercial lines premium renewal rates were lower in October than in August, according to the latest monthly Ivans Index. Premium renewal rate change by line of business for October 2024 hig
AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead contin
Markets/Coverages: Novatae Risk Group Launches Misc. Pro Liability Program
Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for broke
FBI Warns Against Two Fake Videos as Officials Combat Election Disinformation
The FBI on Tuesday warned Americans about two new fake videos falsely citing terror threats and voter fraud, the latest in a string of disinformation that officials expect will intensify as voters head to the polls on Election Day and …
Kuderer Leading in Race for Long-Held Washington Insurance Commissioner Post
Democrat Patricia Kuderer was leading Republican Phil Fortunato in the bid to replace the nation’s longest serving insurance commissioner with 57% of the votes and 52% of the state’s ballo
Brown Ahead of Repke in Race for Montana Commissioner of Insurance
Republican James Brown was well ahead of Democrat John Repke in the race for the office of Montana Commissioner of Securities and Insurance, State Auditor. Brown had 67% of the vote with 196 precincts
NY Governor: $20 Million Available in Home Resiliency Grants, Loans
New York Governor Kathy Hochul announced on Monday that up to $20 million is available for eligible homeowners in flood-prone areas to make proactive flood mitigation and energy-efficiency improvement
Hawaiian Electric Finalizes $2 Billion Maui Fire Settlement
Hawaiian Electric Industries formalized a $2 billion agreement to settle damage claims from a wildfire that razed the historic town of Lahaina and killed more than 100 people. The utility-owner had re