Baltimore is suing gunmaker Glock over design features that allow its handguns to be easily modified to become fully automatic weapons, which enables criminals to inflict more damage and makes the city more dangerous, attorneys argue in a complaint filed …

Connecticut continues to grow its captive insurance industry, adding nine new captive insurers in 2024 for a 17% increase over the previous year. In addition to the nine new captives, the state insurance department also approved 17 new captive protected …

Julia Moore joined Woodruff Sawyer as a vice president, producer. Moore, who is based in Sacramento, focuses on identifying business opportunities within the middle market and employee benefits, crafting growth strategies and fostering relationships with clients and industry partners. Most …

A Pennsylvania husband and wife are not covered by their homeowners or personal umbrella insurance policies for claims they inflicted emotional distress by hiding the gun their son used to kill a friend and thus delaying discovery of the victim’s …

The Andover Companies, a long-standing mutual insurance group in the Northeast, is among the investors in Mereo Insurance, a Bermuda-based (re)insurance startup chaired by former AIG Executive Chairman and CEO Brian Duperreault. The Andover Companies closed its investment in Mereo …

Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month. That’s according to the …

Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months leading up to the Los Angeles wildfires. …

The National Association of Insurance Commissioners has selected Oklahoma City as the host location for their 2029 Spring National Meeting, Oklahoma Insurance Commissioner Glen Mulready announced this week. Commissioner Mulready and First Deputy Commissioner Brian Downs made a successful presentation …

A fire broke out at a transportation center next to the international airport in El Paso, Texas, on Tuesday, injuring five people and sending a large tower of black smoke billowing over the city on the U.S.-Mexico border. Authorities did …

A systemwide outage of Nebraska goverment computers shut down everything from the work of the Legislature to driver’s licensing offices for several hours Thursday. The state Office of the Chief Information Officer confirmed that the outage affected all state connections …

This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here. BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C …

Marcus Walker said the sexual abuse he experienced two decades ago as a teenager at an Illinois youth detention facility has haunted his life. After a staff member gave him drugs and sexually abused him, he joined a gang hoping …

The parent company of Southern California Edison has been sued for allegedly defrauding shareholders before the recent Los Angeles-area wildfires by assuring them it could shut down power lines to reduce the risk of catastrophic damage. Tuesday’s proposed class action …

The European Union is reviewing the extent to which companies can be held liable for environmental and human rights breaches in their supply chains, ahead of a package designed to remove red tape from the bloc’s ESG regulatory framework. The …

Canadian farmer Bill Prybylski planned to buy a new tractor with proceeds from crops sold to two grain companies in early 2024. He delivered the grain before both companies declared bankruptcy, leaving him short C$165,000 ($113,487.86) they owed. Now Prybylski …

Tropical Cyclone Zelia has strengthened off Western Australia and is expected to cross the coast on Friday near the nation’s major iron ore export hub, bringing heavy rain and damaging wind gusts. Zelia is forecast to intensify further as it …

Taiwan aims to get more than $1.5 billion in investment from insurance funds to help finance the island’s green energy transition as part of its climate change and carbon reduction goals, Environment Minister Peng Chi-ming has said. Although most countries …

UniCredit SpA has expanded its holding in Italy’s largest insurer, potentially giving Chief Executive Officer Andrea Orcel more influence in future deals. Orcel said Tuesday during UniCredit’s fourth-quarter earnings call that the bank now controls more than 5% in Assicurazioni …

The acting chair of the U.S. Securities and Exchange Commission on Tuesday signaled the regulator may roll back a controversial rule requiring thousands of public companies to disclose the threats their businesses face from risks related to the climate and …

Municipal bonds sold by the state of Florida are poised to become much scarcer. That’s because Governor Ron DeSantis plans to pay down $1.7 billion of tax-supported debt as part of his budget proposal for the fiscal year that begins …