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 …

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 …

Kraken said the US Securities and Exchange Commission has agreed in principle to drop its lawsuit against the cryptocurrency exchange, the latest in a series of dismissals of legal actions against crypto companies by the market regulator. There will be …

As public perception and the legality of cannabis and other novel psychoactive substances continue to evolve, what emerging risks and litigation should insurance professionals keep an eye on? Last week, Verisk Analytics hosted a webinar to answer those questions and …

SCARBOROUGH, Maine (AP) — The waters off New England had another warm year but didn’t heat up as fast as earlier this decade, bucking a trend of higher warming worldwide, said scientists who study the Atlantic Ocean near Maine. The …

MIAMI BEACH, Fla. (AP) — Miami Beach broke up with spring break last year and city leaders still aren’t interested in couples counseling. Officials recently announced they were bringing back enhanced security measures for practically the entire month of March, …

Defending workers’ compensation claims from employees who have not disclosed previous injuries may have just become a little more complicated for employers and insurance carriers in Georgia. The Georgia Court of Appeals last week found that a long-standing defense against …

Florida insurance regulators have asked companies to hand over extensive amounts of data on people’s pharmacy claims, including personal information and prescription drug usage, an unusual move for a state regulator that’s raising privacy concerns. An eight-page request went out …

Adding a dependent to an open workers’ compensation death benefits claim does not constitute a separate claim, the New Hampshire Supreme Court ruled last week. Furthermore, the court concluded, there is no statutory time limit for the dependent of a …

A fertilizer manufacturer has been fined $394,200 for the death of a worker killed by toxic gasses at a work site. The Washington State Department of Labor & Industries fined Two Rivers Terminal LLC for safety violations following the death …

Authorities in Arizona are investigating a crash that killed four people and left two in critical condition after several tractor-trailers collided with nearby cars on a highway. Firefighters hosed down charred cars as billowy smoke covered the roadway after seven …

Delaware has begun a program that promises to reduce premiums for 2025 crop insurance plans for producers who had an eligible plan in 2024. The reduction is equal to 30% of the 2024 total premium with a maximum of $10 …

The Washington state Senate passed three bills with insurance implications on Monday, including a bill giving the insurance commissioner the authority to order restitution to harmed policyholders and a bill studying the impacts of insurance rating factors like credit scores. …

Arkansas Attorney General Tim Griffin sued General Motors and its subsidiary OnStar this week, alleging the car manufacturer deceived Arkansans by collecting and selling driver information to third parties, who then sold the data to insurance companies. The lawsuit alleges …

An attorney for a Texas pipeline company said Wednesday at trial that he will prove various Greenpeace entities coordinated delays and disruptions of a controversial oil pipeline’s construction in North Dakota, and defamed the company to its lenders. Attorneys for …

A year after devastating wildfires engulfed the Panhandle, killing three people and burning millions of acres, Texas lawmakers have filed a slate of legislation aimed at mitigating the risks and damage of future blazes. Three Republicans — state Sen. Kevin …

More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024. New research from the San Francisco-based cyber solutions company found 31% …

Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet insurer Health Paws, effective March 3. In his new role, Faynberg will have executive operating responsibility to expand the company’s …

California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one …

A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further incidents, according to a preliminary investigation by regulators. Residents of …