Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in areas scorched by destructive Los Angeles wildfires. AccuWeather meteorologists expect between 2 inches and 4 inches of rain near the …

Crest Insurance announced the acquisition Horizon Insurance Services, a full-service insurance agency based in Houston, Texas. The move marks Crest’s 20th office nationwide and its second in the state of Texas. With the addition of the Houston office, Crest continues …

Hub International announced that it has acquired the assets of Mayfield Insurance, Inc. (Mayfield Insurance). Terms of the transaction were not disclosed. Based in Mooresville, Indiana, Mayfield Insurance is an independent insurance agency offering comprehensive commercial and personal insurance, including …

Billionaire investor Bill Ackman pledged to cover the legal fees for a Texas doctor in a dispute with UnitedHealth Group Inc. over her claims that the company asked her to scrub out of an operation to justify a patient’s care. …

A new report highlights how cybersecurity gaps threaten critical services and policyholder trust, according to SecurityScorecard. Of the top 150 insurance companies involved in third-party attack vectors, 59% exposed critical vulnerabilities in the sector’s supply chain, more than double the …

Allstate’s plan to correct its auto insurance business has “restored profitability back to target levels,” said the insurer’s head of personal insurance. During an earnings call with analysts, Mario Rizzo, president of property-liability, said recent financial results reflect “successful execution” …

Influential proxy advisory firm Institutional Shareholder Services recommended on Friday that Apple investors vote against a proposal to consider eliminating the iPhone maker’s diversity, equity and inclusion policies. Apple’s disclosures offer shareholders sufficient information about its DEI policies and there …

This edition of International People Moves details appointments at Willis and Arch Insurance UK. A summary of these new hires follows here. Willis Promotes Easton to Global Head of ART and Head of Western Europe, Risk & Analytics Willis, a …

Legal & General said on Friday it would sell its U.S. protection business to Japan’s Meiji Yasuda for $2.3 billion in cash and said the Japanese firm would take a 5% stake in the British insurer, in the biggest strategic …

RALEIGH, N.C. (AP) — North Carolina Republican lawmakers this week unveiled their initial attempt this year to provide recovery funding for Hurricane Helene’s historic flooding, proposing new spending that totals less than half of what new Democratic Gov. Josh Stein …

Ahoy! Insurance, calling itself an insurance company built by boaters for boaters, has expanded into Florida, one of the world’s largest recreational boating markets. The excess and surplus lines broker was founded in 2021 by Amit Nisenbaum, a former Israeli …

Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes Bloomberg oil strategist Julian Lee. On Jan. 10, the US Treasury sanctioned 161 oil tankers for their role in moving Russian oil. …

Spain is seeking European approval to repurpose more than a billion euros of post-pandemic recovery funds to make Valencia more resilient against climate change after the Mediterranean region suffered catastrophic heavy rains last year. The talks started a few weeks …

Avolon and BOC Aviation, two of the world’s largest aircraft lessors, have settled lawsuits in the Irish courts against insurers over jets stranded in Russia following Western sanctions in 2022, they said on Friday. A spokesperson for SMBC Aviation Capital …

A Wisconsin couple is suing Walgreens and a pharmacy benefits management company, alleging that their son died because he couldn’t afford a sudden $500 spike in his asthma medication. Shanon and William Schmidtknecht, of Poynette, filed their lawsuit in federal …

A Texas crisis communications specialist has sued Blake Lively for defamation after the actor pulled him into her legal fight with co-star and director Justin Baldoni over their film, “It Ends With Us.” Jed Wallace and his company, Street Relations, …

Hiscox Appoints Baldwin US Media Practice Leader Hiscox, headquartered in Atlanta, appointed Karen Baldwin as vice president, media practice leader. Baldwin leads Hiscox USA’s media liability practice. Baldwin has over 30 years of media underwriting and leadership experience, most recently …

The United Arab Emirates, which operates the Gulf’s only commercial nuclear power station, is for the first time taking special measures to protect the project from the devastating impact of climate change. Since September, the Federal Authority for Nuclear Regulation …

Climate risks, disruptive technology and geopolitical instability are what worry risk managers most, according to a joint survey from the Casualty Actuarial Society and the Society of Actuaries. The 18th Annual Emerging Risk Survey is an online questionnaire prompting risk …

ChatGPT maker OpenAI said on Thursday it is evaluating U.S. states as potential artificial intelligence data center locations for its massive Stargate venture, framing the project as a matter of urgency for the United States to beat China in the …