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Climate change is no longer just an environmental issue; it’s a growing challenge for businesses around the world. Extreme weather events like wildfires, hurricanes, and floods are causing disruptions in industries and supply chains. At the same time, new regulations are pushing companies to understand and manage climate-related risks that could impact their finances and … Read more

An Illinois chiropractor was sentenced to nearly two years in prison for defrauding Medicare and a dozen other insurance companies out of millions of dollars. Carrie Musselman, 48, from Eureka, received a 20-month prison term on June 24 after a jury found her guilty of healthcare fraud and multiple counts of wire fraud. Authorities revealed … Read more

Insurance companies covering marine, aviation, cyber, and terrorism risks are facing immediate challenges due to the rising conflict between Iran and Israel. According to a recent report by Morningstar DBRS, these sectors could see heightened underwriting pressures and potential large losses if the tensions continue. The report highlights that marine insurers are the first to … Read more

Michigan Attorney General Dana Nessel has reached a settlement with Domtar Industries, LLC and E.B. Eddy Paper, Inc. over contamination at a composting site near Port Huron. The case involves the release of harmful chemicals called PFAS, which can have long-lasting impacts on the environment and public health. Nessel had filed a lawsuit against the … Read more

Steadfast Group is making a big move to grow its presence in the US by buying a majority stake in Novum Underwriting Partners, a specialty underwriting agency and wholesale brokerage based in Ohio. This step is part of Steadfast’s plan to expand globally and offer more to its broker network and clients. Novum, founded in … Read more

Two insurance companies have made important leadership changes this week to boost their growth and sharpen their skills in a competitive market. CAC Group, known for brokerage and risk advisory services, has promoted Bruce Denson Jr. to chief strategy officer. Denson has been with CAC and its predecessor, Cobbs Allen, for over 20 years. He … Read more

The US cyber insurance market saw its first drop in premium volume since tracking began in 2018, marking a significant shift for the industry. In 2024, the total admitted direct written premiums decreased by 2.3%, falling to $7.1 billion, according to the 2025 US Cyber Insurance Monitor from the QualRisk Cyber Insurance Center (QCC). QCC’s … Read more

A Los Angeles County judge has ruled that the California FAIR Plan’s policy on smoke damage breaks state law by not covering cleanup and remediation costs. The decision came on Tuesday from Judge Stuart Rice, who said the FAIR Plan falls short of the state’s Standard Form Fire Insurance Policy requirements by offering less coverage … Read more

Last September, Hurricane Helene hit Lake Lure, North Carolina, hard. The century-old dam that holds back the lake was badly damaged, with floodwaters carving a huge scar on one side and washing away five months of rain in a single storm. The town’s emergency sirens warned residents of a possible dam failure, urging the 3,000 … Read more

Alijah Arenas, a top college basketball recruit and freshman at the University of Southern California, opened up about a terrifying crash involving his Tesla Cybertruck earlier this year. The accident happened in April in Los Angeles when the steering wheel on his electric truck suddenly stopped working, causing him to crash into a fire hydrant. … Read more