Colorado Funeral Home Owner Gets 30 Years in Case That Forced Industry Crackdown
A former Colorado funeral home owner who helped her ex-husband hide nearly 200 decomposing bodies was sentenced to 30 years in prison Friday in a case that forced the state to clamp down on an industry plagued by repeated scandal …
Florida Woman Drives Elevated Pickup Over Lamborghini Sports Car in Parking Lot
A video clip of a Florida woman driving her elevated pickup truck over a Lamborghini sports car has gone viral, again raising the issue of elevated trucks’ blind spots leading to accidents and insurance claims. The woman in Lake Nona, …
AIG Completes CEO Succession Plan With Anderson to Take Reins
American International Group Inc. made it official with an announcement today that Eric Anderson will become president and CEO on June 1. Most recently a member of Aon Plc’s executive committee, Anderson will succeed current AIG CEO Peter Zaffino, who …
King Bars Policy Cancellations in Georgia Counties as Fires Spread From Helene Debris
Georgia insurance commissioner John King used his statutory authority to bar property insurance policy cancellations until further notice, due to wildfires that have displaced homeowners across the state. King’s April 23 directive bars cancellations for nonpayment of premiums in 91 …
Hormuz Shipping Traffic Remains Muted With no US-Iran Deal in Sight, Data Shows
At least seven ships – mainly dry bulk vessels – have crossed the Strait of Hormuz in the past 24 hours, in line with muted activity in recent days, shipping data showed on Monday, while talks between Iran and the …
Iran War Disrupts the Circuit Board Supply Chain, Raises Costs for Tech Firms
The conflict in the Middle East has disrupted supplies of crucial raw materials and pushed up prices of the printed circuit boards (PCB) used in almost all electronic devices, from smartphones and computers to AI servers, industry sources and executives …
People Moves: HUB’s Drayer Joins Patriot Growth as Northeast President
Patriot Growth Insurance Services, headquartered in Fort Washington, Pennsylvania, hired Andrew Drayer as regional president, Northeast. He succeeds Bill Donato, who previously held this role and now serves as president of retail insurance. Drayer brings experience across commercial insurance, operations, …
NYC Begins 10 Days of Flying Taxis With Manhattan-JFK Flights
Joby Aviation Inc. is planning to fly electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. The demonstration flights will be New …
Europe’s Markets Watchdog Warns Cyber Threats Are Growing as AI Speeds Up Risks
The chief of Europe’s securities regulator said the risks from and potential speed of cyberattacks are growing, joining a chorus of warnings from financial supervisors on the threats posed by artificial intelligence models that are evolving quickly. Geopolitical tensions have …
General Atlantic-Backed Indian Insurer Acko Eyes Up to $2.5B Valuation in IPO: Sources
India’s Acko Insurance is targeting a valuation of between $2 billion and $2.5 billion in its planned initial public offering and is eyeing a listing in early 2027, two people familiar with the matter said. Backed by investors including General …
Michigan Cleared in Lawsuit Over 2020 Dam Collapse
The state of Michigan was cleared of liability Thursday in a disastrous 2020 dam failure that flooded communities, destroyed more than 100 homes and drained a popular lake. Court of Claims Judge James Redford acknowledged the “real and lasting damages” …
NFL’s Rooney Rule Meets Biggest Challenge in Trump’s DEI Crackdown
The most-recognizable diversity policy in sports is facing the biggest challenge in its history. Florida Attorney General James Uthmeier, who has been endorsed by President Donald Trump, is calling for the end of the National Football League’s Rooney Rule, a …
Commercial Lines Rates Continue to Soften, Says Ivans Index
Premium renewal rates in the first quarter 2026 decreased for all major commercial lines compared to the fourth quarter 2025, according to the Ivans Index. “Q1 sets an important baseline for 2026, with commercial rates continuing to soften as the …
Trend of Fewer Insurance M&A Deals ‘Bottoming Out’: OPTIS
Insurance agency mergers & acquisitions in the first three months of 2026 were down 6% compared with the same period last year. It was the 10th consecutive quarter of deal volume below the long-term trend line but, investment banking and …
South Carolina Senate Votes to Suspend $1M Liquor Liability Insurance Requirement
Eight years after South Carolina lawmakers forced a $1 million liquor liability insurance requirement on bars and restaurants, and one year after they tweaked the law with conditional coverage requirements, the state Senate is trying again. Senators voted last week …
Former Ransomware Negotiator Pleads Guilty to Aiding Attackers
A former ransomware negotiator has pleaded guilty to charges he helped a ransomware group extort tens of millions of dollars from companies. Angelo Martino, 41, of Land O’Lakes, Florida, worked for a cyber incident response company as a ransomware negotiator …
Tornado Tears Through Oklahoma Town, Damaging 40 Homes
Raeann Hunt scrambled to her cellar as a tornado bore down on her Oklahoma community. “It is headed right for us,” she recalled thinking, as she peeked outside, unable to contain her curiosity. Huddled inside the dark 8-by-8 foot (2.44-by-2.44 …
CFTC Sues New York to Block Oversight of Prediction Markets
The U.S. Commodity Futures Trading Commission sued New York on Friday, accusing the state of invading its authority to regulate prediction markets by filing lawsuits accusing Coinbase Financial Markets COIN.O and Gemini Titan GEMI.O of promoting gambling. In a complaint …
Water to Surge into Drought-Depleted Lake Powell But at Costs Elsewhere
Canyons in eastern Utah will churn this spring with huge volumes of water—as much as 50,000 toilets flushing constantly at the same time—in a desperate attempt to maintain electricity generation for thousands of homes across much of the Western U.S. …
People Moves: Alliant Appoints Cusack as President, Alliant Property & Casualty
Alliant Insurance Services named Michael J. Cusack president of Alliant Property & Casualty. Cusack previously served as head of Alliant Specialty, responsible for overseeing 16 industry verticals and expanding Alliant’s specialty business across the U.S. Cusack has more than 35 …



