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Two workers died Thursday after their helicopter crashed into power lines, hit a barge, and caught fire near East Alton, Illinois, just north of St. Louis along the Mississippi River. The crash sent thick black smoke into the sky and led to several explosions, witnesses said. The helicopter crew was performing repairs on powerline tower

Coterie Insurance, based in Appleton, Wisconsin, has added two new leaders to its team: Mike Albert as chief technology officer and Allan Egbert as chief platform officer. Both bring years of experience and a history of working closely together. Albert and Egbert co-founded Ask Kodiak, a company they started before it was bought by Applied

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

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

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

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

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,

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

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

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

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

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.

New Mexico homeowners Nickolaus and Crista Wiegel are taking legal action against Allstate Vehicle and Property Insurance Company after a hailstorm damaged their home in Clovis. The couple claims Allstate mishandled their insurance claim, rejecting a significant portion of the payout despite an appraisal panel awarding them over $332,000. The trouble began on May 24,

Two deputies in Greenville County, South Carolina, were seriously injured during a SWAT training exercise when they were shot with live breaching rounds instead of blanks. The incident happened on July 29 at a vacant school building where officers were practicing room clearing. According to Sheriff Hobart Lewis, the rounds used were taken from a

People living in central North Carolina whose homes and belongings were damaged by heavy rains from Tropical Storm Chantal last month can now apply for state financial help. The aid is available to residents in eight counties around the Raleigh-Durham-Chapel Hill area, following a state disaster declaration signed by Governor Josh Stein. The storm dumped

Smith Brothers Insurance, a Connecticut-based broker, has expanded its reach by acquiring Moscato & Associates, an independent agency located in Ithaca, New York. The deal, finalized on August 1, 2025, brings Moscato & Associates’ expertise in employee benefits, individual health, and Medicare under the Smith Brothers umbrella. Edward Moscato and his team will join Smith

As the holiday season draws near, insurance agents have a unique chance to help homeowners prevent common risks that often lead to costly claims. With colder weather setting in and homes buzzing with decorations and cooking, fire and water damage claims tend to spike. However, many of these problems can be avoided with simple, low-cost

In construction, general contractors depend a lot on subcontractors to finish projects. But working together also means they share the risks involved. To protect themselves, contractors usually ask subcontractors to add them as "additional insured" on their insurance policies. This may sound straightforward, but there’s often confusion about what it actually means. Simply listing someone

Kayla Works, an underwriter at UNUM, shared her thoughts on the current state of the insurance industry in a recent episode of the Executive Insights series, produced in partnership with the National Association of African Americans in Insurance and Finance (NAAIA). In the interview, Kayla discussed how the economy is shaping the industry, the importance

A federal bankruptcy judge has approved Purdue Pharma’s new $7.4 billion plan to settle claims linked to the company’s role in the opioid crisis. This decision could change how large-scale lawsuits and insurance claims are handled in cases like this. The settlement aims to end a legal battle that has lasted six years and is

The U.S. homeowners insurance market showed a strong start to 2025, with total direct premiums rising by 10.7% in the first quarter compared to the same period last year. This steady growth follows four consecutive years of double-digit premium increases, although the pace in early 2025 was slightly lower than the roughly 13% gains seen

Two women from Myrtle Beach, South Carolina, have been charged with making a false auto insurance claim after investigators found their story didn’t add up. Unique Shavon Johnson, 29, and Jamela Janea Jolly, 33, said they were in a car hit from behind by a driver who then fled the scene. They filed a claim

Kevin H. Kelley, a well-known figure in the insurance world, has passed away at the age of 74. Kelley had a remarkable career spanning several decades, most recently serving as vice chairman of Global Risk Solutions at Liberty Mutual Insurance. He joined Liberty Mutual in 2017 after the company acquired Ironshore, where he had been

Oscar Seikaly, CEO of Florida’s NSI Insurance Group, says the commercial insurance sector is still stuck in the past, dragging down brokers and agents who want faster service. Despite years of digital upgrades in the insurance world, commercial lines remain slow and manual, causing frustration across the industry. Seikaly pointed out that while personal insurance

Subcontractors play a big role in construction projects across the U.S., employing about one in five workers in the industry. They bring special skills and help get projects done on time and within budget. But what happens if a subcontractor doesn’t have the right insurance and something goes wrong? John Hughes, a construction underwriting expert

Jenee Green from AMH Group Insurance and Risk Management shared fresh perspectives on the insurance industry in a recent interview with IBTV, in partnership with NAAIA. She spoke about injecting new energy into the field and addressed some of the resistance faced by diversity, equity, and inclusion efforts. Green’s conversation shines a light on the

The construction world is seeing a boom in massive projects worth billions of dollars. These huge builds, which can take years and cover large areas, are pushing the limits of what builders and supply chains can handle. This surge is driven by heavy spending on infrastructure, a rush to build data centers, and new projects

Zurich Insurance Group has reported impressive results for the first half of the year, with business operating profit rising 6% to a record $4.2 billion. The company’s core return on equity also reached an all-time high of 26.3%, highlighting strong financial health. CEO Mario Greco credited this success to Zurich’s smart approach to underwriting and

Flooding is becoming a regular and serious problem in Texas, with some communities facing the risk of repeated damage. Experts on housing and urban planning are now urging the state to start a voluntary buyout program. This would give residents living in high-risk flood areas a chance to move out safely. About 5 million people

Tesla has received approval to operate a rideshare service in Texas, marking a new step for the company’s self-driving taxi ambitions. Tesla Robotaxi LLC has been granted a transportation network company license by the Texas Department of Licensing and Regulation. This license allows Tesla to run its robotaxi service alongside other ride-hailing giants like Uber