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Chubb Limited, based in Warren, New Jersey, has made several important leadership changes in its surety and claims businesses. Steve Haney, who has served as vice president and division president of North America surety and chief underwriting officer of global surety, has been named president and chief underwriting officer of global surety. Haney, with nearly … Read more

Westaim Corporation has reported a net loss of $11.7 million for the quarter ending September 30, 2025. This loss comes as the company focuses on shifting its resources toward new growth opportunities at Arena Investors and making key changes as part of a broader restructuring effort. The quarter saw $0.7 million in costs related to … Read more

Nearly 100,000 Florida homeowners have returned to the state’s private insurance market in the past two years. This includes the latest group of 7,087 policies that American Integrity Insurance Group took over from Citizens Property Insurance Corporation. These new policies bring in around $25.8 million in yearly premiums. This shift is part of Florida’s effort … Read more

Colorado Governor Jared Polis is pushing again to privatize Pinnacol Assurance, the state-affiliated workers’ compensation insurer, hoping to raise $400 million to help balance the state budget. This move reflects a trend among states to shift away from state-run insurance funds by mutualizing or privatizing them. In his recent budget letter to lawmakers, Polis explained … Read more

Manufacturing companies have traditionally focused on keeping workers safe and protecting their machinery. But now, cyber threats are becoming just as dangerous as physical risks like fires or equipment breakdowns. Cyberattacks are increasing worldwide, with threats rising nearly 50% and ransomware attacks more than doubling. Manufacturers are a popular target because they hold valuable data, … Read more

California-based insurance brokerage ALKEME has acquired Innovative Insurance Group, a major player among Virginia’s insurance agencies. This move broadens ALKEME’s reach on the East Coast, with the local team continuing to work out of its eight Virginia offices. Innovative Insurance Group was formed in 2015 when four Virginia benefits agencies combined. The company focuses on … Read more

The Great Barrier Reef has suffered its biggest loss of live coral in a single year in 40 years of monitoring, according to Australian scientists. This sharp decline comes mainly from coral bleaching caused by rising ocean temperatures linked to climate change. Despite this setback, the total amount of living coral remains close to the … Read more

Two workers lost their lives and at least ten others were injured after an explosion rocked a U.S. Steel plant just outside Pittsburgh on Monday morning. The blast took place around 10:51 a.m. inside the battery operating area at the U.S. Steel Clairton Coke Works. Emergency crews were quick to respond. First responders managed to … Read more

The National Flood Insurance Program (NFIP) has been extended through January 2026 following a continuing appropriations bill signed on November 12. This move comes after the program lapsed on October 1 due to lawmakers failing to agree on funding. The lapse caused a disruption for policyholders and delayed home sales that depend on flood insurance. … Read more

Starting at the end of 2028, New York will bring in a new way to check if drivers have car insurance. The State Senate recently approved a bill that requires all insurance companies offering motor vehicle policies to join an online system for real-time verification. This means the Department of Motor Vehicles and law enforcement … Read more