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5 02, 2026

Tricolor Founder Can Tap Insurance for Fraud Defense, Judge Says

By | February 5th, 2026|Uncategorized|Comments Off on Tricolor Founder Can Tap Insurance for Fraud Defense, Judge Says

Tricolor Holdings founder Daniel Chu, who faces federal fraud charges related to the collapse of the subprime auto-loan firm, won court approval to use company insurance policies to pay for his defense costs, a judge ruled Wednesday. US Bankruptcy Judge …

5 02, 2026

Hackers Hit Sensitive Targets in 37 Nations in Spying Plot

By | February 5th, 2026|Uncategorized|Comments Off on Hackers Hit Sensitive Targets in 37 Nations in Spying Plot

An Asian cyber-espionage group has spent the past year breaking into computer systems belonging to governments and critical infrastructure organizations in more than 37 countries, according to a cybersecurity firm.

6 02, 2026

Leading South Korean Insurers Explore India Entry, Sources Say

By | February 6th, 2026|Uncategorized|Comments Off on Leading South Korean Insurers Explore India Entry, Sources Say

South Korean firms Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance Co. are in exploratory talks about entering India’s $130 billion insurance market, three Indian sources said. The interest comes as India has …

6 02, 2026

McGowan Allied Specialty Insurance Announces Sales Territory Realignment

By | February 6th, 2026|Uncategorized|Comments Off on McGowan Allied Specialty Insurance Announces Sales Territory Realignment

McGowan Allied Specialty Insurance announced a strategic realignment of sales territories within its in-house team designed to enhance services, improve regional coverage, and ensure a more tailored experience for clients across the country. The Ohio-based company said that by reallocating …

5 02, 2026

Against Judge’s Orders, New Hampshire Doubles Down to End Emissions Testing

By | February 5th, 2026|Uncategorized|Comments Off on Against Judge’s Orders, New Hampshire Doubles Down to End Emissions Testing

On Wednesday, just over a week after a U.S. District Court judge ordered New Hampshire to take all necessary steps to continue its vehicle inspection program, the New Hampshire Executive Council voted to let the state’s emissions testing contract expire. …

5 02, 2026

Texas Anti-ESG Law Declared Unconstitutional by US Judge

By | February 5th, 2026|Uncategorized|Comments Off on Texas Anti-ESG Law Declared Unconstitutional by US Judge

A federal judge declared unconstitutional a 2021 Texas law restricting state investments in companies seeking to rely less on fossil fuels or boycott that industry. In a decision made public on Wednesday, U.S. District Judge Alan Albright said the law …

6 02, 2026

Tankers Speed Through Hormuz Chokepoint on US-Iran Tensions

By | February 6th, 2026|Uncategorized|Comments Off on Tankers Speed Through Hormuz Chokepoint on US-Iran Tensions

Some supertanker operators, nervous about rising US-Iran tensions and potential risks to shipping in the Strait of Hormuz, are speeding their vessels through the chokepoint. Very Large Crude Carriers are traveling around the narrow, congested waterway — through which about …

6 02, 2026

Louisiana Agency to Pay $1.2M Refund for Illegal Overcharging on Surety Premiums

By | February 6th, 2026|Uncategorized|Comments Off on Louisiana Agency to Pay $1.2M Refund for Illegal Overcharging on Surety Premiums

A Louisiana insurance agency has been ordered to pay $1.2 million in premium refunds for overcharging fraudulent fees on commercial surety bond policies. The Louisiana Department of Insurance announced that Alexander Ellsworth and his agency, Ellsworth Corporation, will pay a …

5 02, 2026

Russian Captain Jailed Over Crew Member’s Death in US Tanker Crash

By | February 5th, 2026|Uncategorized|Comments Off on Russian Captain Jailed Over Crew Member’s Death in US Tanker Crash

The captain of a container ship that crashed into a U.S. tanker off Britain’s east coast last year was jailed for six years on Thursday for causing the death of a crew member through gross negligence. Russian national Vladimir Motin, …

5 02, 2026

People Moves: XPT Specialty Hires Goedeke as Underwriter/Broker

By | February 5th, 2026|Uncategorized|Comments Off on People Moves: XPT Specialty Hires Goedeke as Underwriter/Broker

XPT Specialty, headquartered in Plano, Texas, hired Kyle Goedeke as an underwriter/broker. Goedeke has nearly a decade of experience across wholesale brokerage, underwriting, and excess and surplus (E&S) line placements. In his role at XPT Specialty, Goedeke will underwrite and …