The Texas Windstorm Insurance Association Board of Directors met Nov. 4 in Corpus Christi, where the board voted on the association’s 2026 operating budget. Net operating expenses are budgeted to increase from 5.2% of earned premium in 2025 to 5.5% …
The American neighborhoods with the highest risk of floods are again losing residents. For the first time since 2019, high-risk counties lost domestic residents, with 30,000 more people relocating to other places in the country than moved in, according to …
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provide …
Root Inc. reported a third quarter 2025 net income loss of $5.4 million after landing in the positive with $22.8 million in profit a year ago. Alex Timm, the Columbus, Ohio-based company’s CEO, said in a letter to shareholders that …
JPMorgan Chase & Co. was sued in London by an analyst who alleged she was paid less than a male colleague doing the same job and faced retaliation when she raised the issue with managers. Saidya Najeeb, who joined JPMorgan …
The left engine came off a doomed United Parcel Service Inc. freighter moments before it crashed in a fireball near the company’s global hub in Kentucky, killing at least 12 people. Louisville Mayor Craig Greenberg said in a post on …
Texas officials have asked a state court judge to temporarily block Kenvue Inc. from marketing Tylenol as safe for pregnant women, and from issuing a dividend, escalating the company’s legal woes just days after announcing a major merger with Kimberly-Clark …
A few of the victims of the Los Angeles wildfires in January are asking California Gov. Gavin Newsom to call for the resignation of California Insurance Commissioner Ricardo Lara over reforms Lara pushed that were designed to help ease the …
AM Besthas revised the outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) based in Lansing, Michigan. Concurrently, AM …
The Iowa Insurance Division announced the arrest of a contractor for insurance fraud. Shawn Heuss, age 46, of Johnston, was arrested on Thursday, October 30, 2025, and charged with one count of Fraudulent Submission (Class D Felony), one count of …