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For the first time since 2019, more people are leaving American counties at high risk for floods than moving in. According to a recent report from Redfin, around 30,000 more residents left these areas than those who relocated there, marking a significant shift from pandemic years when many sought coastal and Sun Belt locations. The … Read more

Root Inc., the Columbus-based parent company of Root Insurance, posted a net loss of $5.4 million for the third quarter of 2025, a sharp turnaround from the $22.8 million profit it reported in the same period last year. CEO Alex Timm explained the loss was largely due to a $17 million non-cash expense tied to … Read more

Investors in Jamaica’s catastrophe bond are now facing a total payout after Hurricane Melissa triggered the full conditions of the $150 million bond. The World Bank, which arranged the bond, confirmed this recent development following the storm’s severe impact on the island. The bond was set up to fund recovery efforts only in extreme weather … Read more

Michael Doyle is set to lead Pen Underwriting’s new operations in Ireland as the company looks to expand its foothold across the region. Doyle, who has spent over 25 years working in the Irish insurance market, will officially start as CEO of Pen’s Irish business on March 1, 2026, pending regulatory approval. Before joining Pen … Read more

A United Parcel Service (UPS) cargo plane crashed near Louisville Muhammad Ali International Airport in Kentucky, killing at least 12 people. The crash happened after the plane’s left engine detached shortly after takeoff, according to officials. The aircraft then crashed into nearby buildings and terrain, setting off fires and scattering debris. The plane was a … Read more

Several victims of the recent Los Angeles wildfires are calling on California Governor Gavin Newsom to ask for the resignation of Insurance Commissioner Ricardo Lara. They blame Lara for a controversial deal he made with insurance companies that seems to have allowed tens of thousands of policyholders to lose their coverage just before the fires … Read more

WNA, a part of The Novolex organization, has been honored with the Lone Star Safety Award by the Texas Department of Insurance, Division of Workers’ Compensation. This recognition celebrates the company’s strong commitment to keeping its workplace safe and healthy. Located in Texas, WNA employs 123 people who make plastic stadium cups used all over … Read more

Two 20-year-old men in suburban Detroit were stopped before they could carry out a planned Halloween attack targeting LGBTQ+ bars, authorities announced Monday. The men, Mohmed Ali and Majed Mahmoud, had obtained high-powered weapons and practiced shooting at gun ranges while scouting locations in Ferndale, a city known for its vibrant LGBTQ+ community and annual … Read more

Insurtech company Lemonade reported a smaller net loss for the third quarter of 2025, with a loss of about $37.5 million compared to $67.7 million in the same period last year. This improvement comes alongside a boost in revenue and gross profit, which rose 42% and 113% respectively compared to Q3 2024. Despite these gains, … Read more

John Lupica, a longtime leader at Chubb Group, is set to retire at the end of this year. Lupica has served as vice chairman of Chubb Group and executive chair of North America Insurance, playing a key role in overseeing the company’s strategy and governance in the region. Lupica has been with the company for … Read more