ZestyAI, a provider of climate and property risk analytics solutions powered by artificial intelligence (AI), announced it has received approval for use in rating and underwriting from the Texas Department of Insurance for its complete suite of Severe Convective Storm …

A Minnesota medical staffing company will pay $336,000 in back wages to nearly 1,000 employees after an investigation found the company charged its workers fees for missed or cancelled shifts. The Minnesota Department of Labor and Industry (DLI) has entered …

A New Jersey contractor whose employee fell 80 feet to the bottom of a Bayville water tower has been cited by the federal Occupational Safety and Health Administration (OSHA) for allegedly failing to provide required safety equipment that could have …

California’s indoor heat protections were approved and went into effect this week. The rules apply to most indoor workplaces. Employers are required to adopt safety measures that go into effect in most cases when indoor temperatures reach 82°F to prevent …

AM Best announced it has withdrawn credit ratings of Mt. Morris Mutual Insurance Company in Coloma, Wisconsin, less than a week after the credit rating agency downgraded the company’s ratings. AM Best said it withdrawn Mt. Morris’ ratings as the …

Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe as vice president, package lines underwriting. Shaver most recently was a small business leader for Chubb Insurance. She also previously …

BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one of Brazil’s worst environmental disasters, London’s High Court ruled on Tuesday. More than 720,000 Brazilians, including around 50 municipalities, are …

Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back off a pilot program that would remove age-old title insurance requirements from some home loans sold to Fannie Mae. “The …

The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023 of Stability Risk, an MGA created to allow Connect Underwriting Ltd. (a specialist reinsurance MGA) to focus on its core …

Jewelers Mutual Group acquired Union Life & Casualty Insurance Agency in Phoenix, Arizona. JM Insurance Agency Partners Inc., a Jewelers Mutual Group company, will join with UL&C. UL&C has been in the insurance business since 1965, specializing in pawn and …

The wife of a former San Antonio trucking magnate was sentenced this month in a multi-million-dollar fraud scheme. Frances Hall, former co-owner of Bill Hall Jr. Trucking, was sentenced for her role in a scheme to avoid $9 million in …

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies …

A Louisiana businessman who sent more than 800 elderly residents from his seven nursing homes to ride out Hurricane Ida in a crowded, ill-equipped warehouse pleaded no contest to 15 criminal counts Monday and was sentenced to three years of …

JAMESTOWN, N.D. (AP) — Two boys died when the SUV they were in crashed and ended up in a small pond along the side of a highway in North Dakota. The driver and five other children were injured in the …

NFP, an Aon company and property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, announced the acquisition of Southern Insurance Agency LLC (SIA), a commercial property and casualty broker located in New Orleans. Louis Faust, founder and …

Global commercial insurance rates remained flat during the second quarter of 2024 (down from a 1% increase in Q1 2024), according to Marsh’s Global Insurance Market Index. The findings mark the first time in nearly seven years – since the …

DAYTONA BEACH, Fla. (AP) — Florida-based Brown & Brown Inc. (BRO), one of the largest U.S. insurance brokerages, this week reported second-quarter net income of $257 million, up from $190 million for the second quarter of last year. On a …

Wildfires in Canada’s energy-producing Alberta province are threatening almost 10% of the region’s oil production and forcing the evacuation of one of the country’s largest national parks during the peak summer tourist season. Hot weather has contributed to a wildfire …

Typhoon Gaemi claimed the lives of at least four people and forced the evacuation of hundreds of thousands in the Philippines, where parts of Manila are flooded even as the storm moves towards Taiwan. Packing sustained winds of up to …

W.R. Berkley CEO W. Robert Berkley, Jr. said the company does not see last week’s global network systems outage “being a material loss to the organization.” “I would be surprised if we didn’t have any loss activity, but we certainly …