5 05, 2025

Second Person Charged With Arson in New Jersey Pine Barrens Fire

By | May 5th, 2025|Uncategorized|Comments Off on Second Person Charged With Arson in New Jersey Pine Barrens Fire

A second person has been charged with arson in the wildfire in New Jersey’s Pine Barrens that has grown into the state’s second-largest fire in nearly two decades. Prosecutors said Friday that a 17-year-old was arrested and charged with arson, …

5 05, 2025

EV Maker Polestar Recalls 28,000 Cars in US Over Rearview Camera Issue

By | May 5th, 2025|Uncategorized|Comments Off on EV Maker Polestar Recalls 28,000 Cars in US Over Rearview Camera Issue

Electric vehicle maker Polestar is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall, on Polestar 2 models that were sold in the …

5 05, 2025

US Opens Probes After Army Helicopter Forces 2 DC Flights to Abort Landings

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Federal investigators have launched a probe after two flights aborted landings at Reagan Washington National Airport on Thursday because a U.S. Army Black Hawk helicopter too close. The Federal Aviation Administration said on Friday that air traffic control told Delta …

5 05, 2025

Judge Allows Testimony That Abbott, Mead Johnson Baby Formula Caused Disease

By | May 5th, 2025|Uncategorized|Comments Off on Judge Allows Testimony That Abbott, Mead Johnson Baby Formula Caused Disease

A federal judge on said she will allow expert testimony that formula made by Abbott Laboratories and Reckitt Benckiser subsidiary Mead Johnson for premature babies can cause a fatal intestinal illness, as the companies face hundreds of lawsuits over the …

29 04, 2025

Spanish Grid Operator’s First Assessment Rules Out Cyber Attack Behind Blackout

By | April 29th, 2025|Uncategorized|Comments Off on Spanish Grid Operator’s First Assessment Rules Out Cyber Attack Behind Blackout

Spanish electricity grid operator REE said on Tuesday its preliminary assessment had ruled out cyberattack as the cause of the nationwide power outage that hit most of Spain and Portugal on Monday. Lights went off in most of the two …

29 04, 2025

Increased Writings in Homeowners Adds to US Surplus Lines Growth

By | April 29th, 2025|Uncategorized|Comments Off on Increased Writings in Homeowners Adds to US Surplus Lines Growth

Increasing movement of homeowners insurance risk to the U.S. surplus lines market has continued to contribute to growth for nonadmitted insurers. According to a report from AM Best, surplus homeowners direct premiums written in 2023 eclipsed $2 billion for the …

29 04, 2025

New Report Shows Rise in Cargo Theft, With Three States Leading the Way

By | April 29th, 2025|Uncategorized|Comments Off on New Report Shows Rise in Cargo Theft, With Three States Leading the Way

Cargo theft across the U.S. and Canada continued to rise in 2024, with three states making up the bulk of losses, a new report shows. Multimodal hubs in California, Texas, as well as around Chicago, continue to be top targets …

29 04, 2025

Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada

By | April 29th, 2025|Uncategorized|Comments Off on Markets/Coverages: BHSI Updates Private Company Executive Lines Suite in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has introduced an update to its Private Company Executive Lines suite of products in Canada and named Shaun Lue as private company leader. The new modular offering includes expansive directors & officers liability, fiduciary liability …

29 04, 2025

Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes

By | April 29th, 2025|Uncategorized|Comments Off on Cincinnati Financial Finishes Q1 in the Red Due to Catastrophes

Cincinnati Financial Corp. recorded a first quarter 2025 net income loss of $90 million compared to a gain of $755 million during the same period the prior year. The company’s consolidated insurance operations turned in a first quarter combined ratio …

29 04, 2025

Progressive Insurance Is Hiring Again; 12,000 More People Needed

By | April 29th, 2025|Uncategorized|Comments Off on Progressive Insurance Is Hiring Again; 12,000 More People Needed

Almost a year to the day after Progressive announced it would hire more than 10,000 people to fill claims, IT and legal roles in 2024, the nation’s second largest auto insurer said it now has 12,000 job openings. As was …