Article

NASCAR driver Kyle Busch and his wife are in a legal battle with Pacific Life Insurance Company over several life insurance policies. The couple filed an $8.5 million lawsuit in October, claiming the policies were sold to them as a way to secure tax-free retirement income without properly explaining the risks. Pacific Life disagrees and … Read more

In a recent decision, the Kentucky Supreme Court ruled against expanding insurance coverage in a tragic case involving a drunk-driving accident that took five lives. The case stemmed from a 2019 crash on Interstate 75, where driver Joey Lee Bailey, reportedly overserved at two Georgetown bars, struck a vehicle carrying the Abbas family. All six … Read more

California Insurance Commissioner Ricardo Lara announced plans on Friday to reform a key part of the state’s insurance law known as Proposition 103. Passed by voters back in 1988, Prop. 103 sets rules for how insurance rates are reviewed and approved. One feature of this law lets outside groups, called intervenors, take part in insurance … Read more

IMA Financial Group has made two important leadership hires in its Houston office to better serve clients in the area. Joey Dryden has been named Houston Market President. He has been with IMA since 2021 and played a key role in building the company’s presence in the city. In his new role, Dryden will keep … Read more

New Jersey has passed one of the toughest laws in the U.S. regulating electric bicycles, requiring all riders to get a license, register their vehicle, and carry insurance. Governor Phil Murphy signed the bill into law this week, just before leaving office. The new rules apply to every type of e-bike, from slower pedal-assist models … Read more

A major winter storm is on its way, and it’s expected to bring heavy snow, ice, and dangerously cold temperatures to a large part of the US. Starting Friday and lasting through Monday, the storm will hit areas from Texas all the way to the Northeast. The National Weather Service says this storm is driven … Read more

Erich Bublitz from AmTrust E&S recently shared his thoughts on how insurers and brokers can stand out no matter what the market looks like. In a video interview, he talked about the importance of being open and upfront with clients instead of hiding behind barriers. Bublitz suggested that brokers should be ready to have honest … Read more

Natural gas prices in West Texas have fallen to their lowest point in nearly 14 months, even dipping below zero recently. This unusual drop is tied to pipeline maintenance in the area, which has limited the flow of gas and caused a buildup of supply. At the Waha hub, a key center for gas trading … Read more

A Russian man linked to the cargo ship involved in the deadly 2020 Beirut port explosion has been arrested in Bulgaria, Lebanese officials confirmed on Monday. Igor Grechushkin, the ship’s owner, was detained last week at Sofia’s airport after arriving from Cyprus. Grechushkin, who also holds Cypriot citizenship, is wanted by Lebanon, where investigative authorities … Read more

OpenAI recently fixed a security flaw in its ChatGPT system that could have put users’ Gmail data at risk. The vulnerability was found in the Deep Research agent, a feature introduced in February to help people analyze large amounts of information more easily. This tool can connect to users’ Gmail accounts if they give permission, … Read more