Delaware Fines Liberty Mutual $300K for Advertising Discounts Not Offered in State
After what it says was an investigation that took months, the Delaware Department of Insurance has levied a $300,000 penalty on three Liberty Mutual companies for advertising discounts that they do not offer in the state. The department said the …
China Says US Hacked Networks of 2025 Asian Winter Games
China accused a US spy agency of hacking the Asian Winter Games held this year in Harbin, and took the unusual step of identifying individuals it thinks are responsible. The US National Security Agency’s Office of Tailored Access Operations carried …
Cabot Creamery Butter Recalled Over Fecal Bacteria Contamination
A Vermont firm has recalled more than 1,700 pounds of butter because it may be contaminated with coliform, a type of bacteria found in fecal matter. Agri-Mark Inc., of Waitsfield, Vermont, recalled 189 cases of Cabot Creamery 8-ounce premium butter …
German Court to Review Seizure of Russian ‘Shadow Fleet’ Tanker
A German court will weigh a request to release a seized oil tanker that is believed to be part of a so-called shadow fleet used by Russia to circumvent oil sanctions, Germany’s finance ministry said on Monday. The Panama-flagged vessel, …
Inspections of Whiskey Barrels Take Time in Flood Aftermath at Kentucky Distillery
FRANKFORT, Ky. (AP) — Signs of renewal are underway at the Buffalo Trace Distillery in Kentucky since floodwaters that inundated the whiskey-making campus receded. But executives say the painstaking task of inspecting any bourbon barrels touched by the high water …
British Insurer Marshmallow Valued at $2 Billion With BlackRock Backing
British car insurance startup Marshmallow has almost doubled its valuation to more than $2 billion after a funding round that was backed by new investors BlackRock, Columbia Lake Partners and Portage. The firm, which offers insurance to under-served customers such …
White House Proposes Elimination of NOAA Climate Research in Budget Proposal
The administration of President Donald Trump aims to eliminate the arm of the National Oceanic and Atmospheric Administration that oversees research on climate change, and refocus the U.S. fisheries service to support energy development, according to a draft White House …
Clorox Australia Fined $5.2 Million Over False Claims of Using Recycled Plastic
Australia’s competition regulator said on Monday Clorox’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plastic. The Australia Competition and …
People: Florida-Based Security First Elevates Two to Key Roles
Security First Insurance, one of the larger carriers in Florida, with 136,500 policies in force, has elevated two people to key positions. Scot Moore was named chief financial officer, the insurer said in an announcement Monday. Moore has 20 years’ …
Southern California Edison Lays Out $925M Plan to Rebuild After LA Wildfires
Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January. The preliminary plan …
Five Charged in Multi-Million-Dollar Insurance Fraud Case
Five people have been charged in a large-scale insurance fraud scheme involving misrepresented life insurance policies that resulted in fraudulent commissions totaling over $1.4 million. The five, which include a former insurance agent, reportedly fraudulently obtained more than $1.4 million …
FAA Grounds Helicopter Company After Fatal New York Crash
The Federal Aviation Administration ordered New York Helicopter Charter Inc. to cease operations while it conducts a review of the tour operator’s license and safety record following a deadly crash last week. The regulator’s decision, announced on X, came just …
Could Utility Gear Set Your Neighborhood on Fire? California Risk Maps Are 8 Years Old
Weeks after deadly fires swept through Los Angeles County, the state regulator in charge of overseeing utility companies declined a request that would have required California’s largest utilities to update maps showing high fire threat areas. Consumer advocates argued for …
Idaho Bail Agent Convicted of Insurance Fraud for Mishandling Funds
An Idaho man pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds for personal use. Johnny Mateo Robles, Jr. of Twin Falls, pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds that …
Allstate Agent Can Be Sued Over Nonrenewal of ‘Grandfathered’ Flood Insurance Policy
A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of “grandfathered” lower premiums on flood …
AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers
According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength …
Ransomware Hits DaVita, Kidney Care Provider Serving Hospitals
DaVita Inc. said it has been impacted by ransomware that had locked down parts of its network. The company, which specializes in providing kidney dialysis to patients at more than 700 hospitals in the US, said in a statement Monday …
People Moves: Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie, Europe; Berkshire Hathaway Specialty Insurance Promotes Gormley and Reddin in Ireland
Arch Insurance Taps Seip From LSM as Head of Fine Art & Specie for Europe Arch Insurance announced the appointment of Paul Seip as head of Fine Art & Specie, European Markets, with immediate effect. Seip joins Arch Insurance (EU) …
NAMIC, Big ‘I’ Join Call to Do Away With Federal Insurance Office
The National Association of Mutual Insurance Companies and the Independent Insurance Agents & Brokers of America are the latest from the industry to join a call in support of a measure to abolish the Federal Insurance Office. The trade groups …
Hays County, Texas Sheriff’s Office Recovers $220K of ‘Cloned’ GMC Denalis
The Hays County, Texas Sheriff’s Office said it has recovered four stolen trucks with cloned vehicle identification numbers. The Hays County Sheriff’s Auto Theft Unit worked with the Hays County Tax Assessor’s Office and partnering agencies to recover four VIN-cloned …