Industry News
Soaring Temperatures Stress U.S. Grids
Blistering heat is straining power grids across the eastern half of the U.S., leading to a blackout in part of New York City's borough of Queens as the local utility issued a warning to conserve ...
Insurer Ordered to Pay $44M to Man Freed From a Missouri Prison
A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper's sports editor was overturned, but the city's former insurer resisted paying most of it for ...
Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers
A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging ...
Texas Cities Top Allstate’s Best and Worst Drivers List; Boston Most Accident-Prone
Brownsville, Texas, reclaims its title as the safest driving city in America, according to the 2025 Allstate America's Best Drivers Report. Texas leads the nation in safe driving, with four cities, ...
Q1 2025 Property Claims Count Hits 5-Year Low: Verisk
The first three months of 2025 brought devastating wildfires to California, significant wind and hail events to Texas, and substantial increases in tornado activity to "Tornado Alley," but claim ...
Foundational, Leadership-Driven Education High Priority in Insurance
Foundational learning remains a high priority for insurance and risk management professionals, according to The Institutes Knowledge Group's annual Skills Report. Risk assessment, coverage analysis, ...
Erie Insurance: ‘No Evidence’ of Ransomware in Outage; TMNA Updates
Erie Insurance said it has "seen no evidence of ransomware and there is no indication of ongoing threat actor activity" in a June 17 update on its 10-day long network outage. That statement would ...
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI ...
Executives on the Move at Hamilton, Markel
Hamilton Insurance Group announced the appointments of Adrian Daws to chief executive officer, Hamilton Re, based in Bermuda, and Alex Baker to CEO, Hamilton Global ...