APCIA: Tariffs to Hurt Families and Business Owners, Affect Affordability
The president and CEO of the American Property Casualty Insurance Association issued a statement calling the tariffs on Mexico, Canada, and China a disruption as many homeowners attempt to rebuild after recent natural catastrophes. “Tariffs can be effective tools of …
Ohio to Cut Private Employer Workers Comp Rates by 6%
The Ohio Bureau of Workers’ Compensation board of directors announced a 6% rate cut for private employees effective July 1, 2025. The reduction follows a 7% rate cut for private employers last year. Ohio’s private employers will pay nearly $60 …
Iowa Sues Bitcoin Depot and CoinFlip Over Millions Lost to Crypto Scams
Iowa Attorney General Brenna Bird last week announced lawsuits against Bitcoin Depot and CoinFlip, Iowa’s two largest cryptocurrency ATM operators, over their failures that allowed Iowans to transfer millions of dollars to scammers through their kiosks. In October 2023, the …
Cyber Insurance Firm Coalition Gets $30M Equity Investment From Mitsui Sumitomo
Global cyber insurance provider Coalition announced a new $30 million equity investment from Insurance Co., Ltd. (MSI), a member of MS&AD Insurance Group. The investment anchors a strategic partnership aimed at bringing what San Francisco-based Coalition calls its “Active Insurance” …
People Moves: Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down; Specialty MGA UK Hires Hussain as Head of Political, Credit Risk
This edition of International People Moves details appointments at Argenta Syndicate Management and Specialty MGA UK. A summary of these new hires follows here. Wilson Named Deputy Chair of Argenta Syndicate Mgmt as Whiter Steps Down Argenta Holdings Ltd., the …
Texas Beekeepers Facing Soaring Bee Losses, Threatening Agriculture Industry
Since starting their beekeeping business southwest of San Antonio in late 2019, the Wheeler family has aimed to produce about 3,000 bee colonies each year, many of which are used to pollinate crops like watermelons and pumpkins. In the last …
Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast
The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to the company that manages the vessel. MSC Mediterranean Shipping Co. has also hired a salvage company and a marine oil …
Firings at NOAA Risk Lives and Economy, Former Agency Heads Warn
The federal weather and oceans agency touches people’s daily lives in unnoticed ways, so massive firings there will likely cause needless deaths and a big hit to America’s economy, according to the people who ran it. The first round of …
Airlines Want Less Helicopter Traffic Near Washington Airport
A group representing U.S. airlines plans to urge federal aviation officials to permanently reduce helicopter traffic around Reagan National Airport outside Washington, D.C., following a January collision by an Army Black Hawk into an American Airlines regional jet that killed …
UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance
Specialist Risk Group (SRG), the London-based insurance intermediary, announce the acquisition of Brentacre Insurance, a specialist broker with deep expertise in providing insurance for modified and performance vehicles, subject to regulatory approval. Financial details of the transaction were not disclosed. …
Brookfield to Enter UK Pension Insurance Mkt as Companies Offload Pension Liabilities
Brookfield Wealth Solutions is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks to tap into strong demand from companies to offload their pension scheme risks to insurers. The move – subject to …
Trump Commerce Secretary Plans to Strip Government Spending From GDP Data
U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession. “You know …
Supreme Court Leans Toward Gun Companies’ Bid to Avoid Mexico’s Trafficking Lawsuit
U.S. Supreme Court justices signaled sympathy on Tuesday toward a bid by two American gun companies to throw out the Mexican government’s lawsuit accusing them of aiding illegal firearms trafficking to drug cartels and fueling gun violence in the southern …
Australia Braces for Rare Cyclone to Hit Busy East Coast
A large swathe of Australia’s east coast is preparing for strong winds and life-threatening flooding from a tropical cyclone that’s forecast to make landfall north of the nation’s third-largest city. Cyclone Alfred was about 630 kilometers (391 miles) east of …
Car Prices Expected to Surge on Trump’s New Tariffs
Impending tariffs on Canada and Mexico risk driving up US car prices by as much as $12,000, further squeezing consumers and wreaking havoc across the intricate web of automotive supply lines spanning the continent. The cost to build a crossover …
Arthur J. Gallagher & Co. Acquires New Zealand-Based RMA General Ltd.
Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based RMA General Ltd. (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed. RMA provides commercial and personal insurance products as well as tailored life …
Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors
Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according to government data that was expanded to include the salaries of more workers and a deeper analysis of wages. The …
Crews Battle Wildfires Across Parts of North and South Carolina
South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and South Carolina, causing evacuations, minor property losses and unhealthy air quality. State, local and national news sites reported that more …
Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in …
Texas Lawsuit Alleges GEICO Raises Premiums Despite Accident Forgiveness Promise
A class action lawsuit filed in Texas alleges GEICO doesn’t abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident Christopher Cude sued GEICO on Feb. 25, alleging the …