Global insured losses from natural catastrophes reached US$92 billion during the first nine months of 2026, 29% below the 10-year average (US$128 billion) and the lowest year-to-date insured loss total since 2019, according to Gallagher Re. The insurance industry has …
Insurtech SecondSight announced six executive appointments to lead the company’s expansion into additional lines of business. Derek Foreman joins as chief operating officer, Dan Shoten as chief customer officer, James Tullett and David Anderson as co-heads of client engagement, Kenneth …
The U.S. airman who died after a rapid fall while rappelling from the rafters of a stadium before a college football game in Texas was a 15-year service member from Georgia, according to the Air Force. U.S. Air Force Tech. …
The Texas Department of Insurance this week launched an insurance fraud task force that includes representatives from law enforcement, the insurance industry, consumer groups and other partners. The task force was initiated at the direction of Governor Greg Abbott, who …
A federal grand jury in Des Moines, Iowa recently returned an indictment charging Willam Bernard Tunink with 10 counts of wire fraud related to a Ponzi scheme involving multiple victims and millions of dollars of loss to the victims. As …
Dozens of cattle spilled onto a street in Kansas City, Missouri, when a semitractor-trailer plunged off a highway overpass in the city’s downtown area and onto a car early Sunday, shutting down some roads and setting off a search for …
Washington Insurance Commissioner Patty Kuderer’s office reported fines totaling $495,200 against insurance companies, agencies and producers for insurance law violations between April and August. The two largest fines were against USAA Casualty Insurance Co. and Allstate Vehicle and Property Insurance …
The US Supreme Court agreed to consider making it easier to challenge public school admissions policies as racially discriminatory in a fresh test of educational diversity efforts. The justices said Monday they will consider reviving a lawsuit that claims Maryland’s …
A former semiconductor fund manager at Fidelity Investment Management has sued its parent company FMR, claiming it refused to pay him a “multimillion-dollar” compensation package after he joined DFO Management, the family office of billionaire Dell Technologies founder Michael Dell. …
Insurers seeking personal and commercial lines rate changes in California can go through a voluntary review process that makes the California Department of Insurance’s initial rate analysis public before they formally file rate applications. California Insurance Commissioner Ricardo Lara on …