California Attorney General Rob Bonta issued a consumer alert following the Gov. Gavin Newsom’s emergency declaration in response to powerful winter storms that struck over th weekend, with more rain and wind on tap. A series of atmospheric rivers brought …

Global specialty insurer and reinsurer SiriusPoint Ltd. announced that its subsidiary International Medical Group (IMG) will acquire Assist America, a New Jersey-based provider of global emergency travel assistance services that generates $20 million in annual assistance revenues. Founded in 1990, …

In a Christmas court filing, Howden US filed its response to a request by rival Brown & Brown for a temporary restraining order, saying the recent exodus of Brown & Brown employees to Howden US was “caused entirely by Brown’s …

AM Best has affirmed CompSource Mutual Insurance Company’s Financial Strength Rating (FSR) of A (Excellent) with a Stable outlook. AM Best is the preeminent insurance credit rating service. CompSource Mutual is Oklahoma’s premier workers’ compensation provider. These rating renewals reflect …

Another intense winter storm system stretching from the upper Midwest to the Northeast will once again test US airlines during the busy holiday travel period. Service is still trying to recover from days of disruption that led to more than …

Storms and high winds are wreaking havoc on South Africa’s electricity supply, with disruptions reported nationwide. “While major disruptions in the Eastern Cape have largely been addressed, the KwaZulu-Natal, Limpopo and Free State provinces remain severely affected,” state power utility …

Uber Technologies Inc. and Lyft Inc. are each teaming up with Baidu Inc. to trial driverless taxis in the UK, as ride-sharing companies race to deploy autonomous services around the world. Uber said Monday a pilot program using Baidu’s Apollo …

JPMorgan Chase & Co. was sued by two former financial advisers who claim the bank discriminated against them as Black women by assigning them to less-affluent Brooklyn, New York, neighborhoods and allowing male colleagues to poach their clients. Laura Agard …

A South Korean investigation into the Jeju Air crash that killed 179 people is set to miss a one-year deadline to release a progress report, two officials said, as frustrated relatives of the victims continue to demand answers about what …

A Cuban immigrant who had built a new life working at a Kentucky scrapyard died on Christmas Day from severe burns suffered in last month’s UPS cargo plane crash, raising the death toll to 15, officials said. Alain Rodriguez Colina …

Miami-based City National Bank of Florida, known as Florida’s second-largest bank, has stepped into the property insurance market, offering coverage options at loan closings through a partnership with NSI Insurance Group. “Insurance is a critical part of every loan we …

The McGowan Companies, one of the nation’s largest insurance conglomerates, has announced the acquisition of Westcap Insurance Services through an asset purchase agreement. According to a press release, the transaction became effective Nov. 1. Westcap will continue to operate under …

Alliant Insurance Services named Dennis Tokarsky vice president within its employee benefits group. He is based in Southern California. Tokarsky has more than 20 years of experience working with employers across North America, Europe, the Middle East, Africa, Asia-Pacific and …

Mosaic Insurance will increase its cyber-risk capacity to US$25 million/C$40 million per risk in Canada, effective January 1, 2026, allowing the specialty insurer to meet rising demand across all provinces and territories. The increase more than doubles Mosaic’s previous limit …

Regular inspections of hotels and other accommodations required by the state of Hawaii are being inconsistently carried out by most county fire departments. Three people died in two structure fires in Hilo on Hawaii island in October and November in …

Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. In a letter sent …

AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company, following the close of the acquisition of Jet by Amherst Specialty …

It’s an age-old question that continues to come up for workers’ compensation insurers around the country: When is an injury an aggravation of an existing condition, and when is it compensable, perhaps requiring expensive surgery and more? The Tennessee Supreme …

Regulators in two Southeastern states will hold hearings early next year, one on a proposed steep dwelling insurance rate increase in North Carolina, and another on new capital requirements for insurers in Alabama. The Alabama Department of Insurance scheduled a …

CRC Group, an independent wholesale specialty insurance distributor, announced additions to its expanding CRC Specialty division. Matthew Duff has joined in Little Rock as an underwriting team leader, bringing over a decade of experience in homeowners, personal lines, and excess …