Article

Alive Risk, a specialist insurer focused on sports, leisure, and entertainment, has welcomed Scott Carroll as their new underwriting director for entertainment programs. Carroll will report directly to Patrick Gavin, the president and CEO of Alive Risk. With over 40 years in the insurance business, Carroll brings a wealth of knowledge, especially in entertainment-related risks. … Read more

Tesla has been hit with a $243 million verdict following a deadly crash involving one of its Autopilot-equipped vehicles in 2019. The crash occurred in Florida, when a Tesla Model S collided with a parked Chevrolet Tahoe, fatally injuring Naibel Benavides Leon and seriously wounding her boyfriend, Dillon Angulo. Before the trial, Tesla turned down … Read more

In today’s fast-moving world, digital payment systems have become vital for small businesses across the U.S. With 92% of consumers using digital payments, many businesses rely heavily on these platforms to keep sales flowing, whether through mobile wallets, online transactions, or in-store kiosks. But when these systems break down or fall victim to cyberattacks, the … Read more

The Risk and Insurance Education Alliance is offering a special promotion for new members starting now. Anyone who signs up for a new Alliance PROfile account will get three self-paced online continuing education courses for free. This offer is designed to give professionals a chance to see how the Alliance’s training can improve their skills … Read more

Extreme weather is hitting harder and more often these days, and that’s causing big problems for insurers and reinsurers. The first half of 2025 was the second most expensive period on record for weather-related damage in the U.S., with California wildfires and powerful storms leading to huge losses. Traditional risk models, which rely mainly on … Read more

Cyber insurance premiums have dropped from their peak levels seen between 2020 and 2022, but the pressure from rising claims continues. Experts warn that the recent softening in the market might not last long and could soon shift back. Mickey Estey, executive vice president at RT Specialty, said while claims like data breaches and ransomware … Read more

Federal prosecutors have charged four individuals with planning a series of bombing attacks across Southern California, with an intended start date of New Year’s Eve. Authorities say this case highlights the increased risks that holiday events pose to insurers and risk managers. The suspects were arrested last week near Lucerne Valley, located in the high … Read more

A fire broke out at Smitty’s Supply, an automotive parts plant just north of Roseland, Louisiana, starting with an explosion on Friday. The blast sent flames and thick black smoke into the sky, causing a serious response from emergency crews. By Sunday, the fire was about 90% under control, but the area within a one-mile … Read more

A new bill aimed at making Texas youth camps safer and reducing the influence of camp owners on state policies is moving forward in the Legislature. The bill, House Bill 265, was introduced by state Rep. Lacey Hull after recent changes were made to emergency preparedness rules following a tragic flood that killed 27 campers … Read more

California, New Mexico, and Washington could lose a total of $46 million a year in federal trucking safety funding after the U.S. Department of Transportation accused them of ignoring English language rules for commercial truck drivers. Secretary Sean Duffy demanded these states comply within 30 days with a federal rule that requires truckers to speak, … Read more