3 09, 2026

Judge Strikes Down New York Plan to Charge Fossil-Fuel Firms $75B for Climate Damages

By | September 3rd, 2026|Uncategorized|Comments Off on Judge Strikes Down New York Plan to Charge Fossil-Fuel Firms $75B for Climate Damages

New York’s attempt to make fossil fuel-producing industries pay into a $75 billion fund to repair the damage wrought by climate change was struck down by a federal judge, who said the sweeping law reaches beyond a state’s responsibility and …

3 09, 2026

Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec

By | September 3rd, 2026|Uncategorized|Comments Off on Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec

A Florida judge this week effectively dismissed a lawsuit brought by private equity firms who charged that Lighthouse Property Insurance executives misled investors about the extent of losses from Hurricane Ida in 2021. By entering into a 2021 note purchase …

3 09, 2026

Viewpoint: Commercial P/C Talent Gap 5 Years On—Are We Asking the Right Question

By | September 3rd, 2026|Uncategorized|Comments Off on Viewpoint: Commercial P/C Talent Gap 5 Years On—Are We Asking the Right Question

For more than four decades, I have worked across the commercial property/casualty insurance ecosystem. Over those years, I have watched our industry attract people, develop underwriters, transfer knowledge, promote talent, lose experienced practitioners, and adapt as the way we work …

3 09, 2026

US Government Backs OpenAI in New York Times Copyright Case

By | September 3rd, 2026|Uncategorized|Comments Off on US Government Backs OpenAI in New York Times Copyright Case

The Trump administration has filed a brief supporting OpenAI in its dispute with the New York Times NYT.N and other newspapers over the company’s use of their work to train the large language models behind ChatGPT, saying AI training generally …

3 09, 2026

Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids

By | September 3rd, 2026|Uncategorized|Comments Off on Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids

The risk of power outages is expected to escalate across a broad swath of the United States as intense heat will test the capacity of electricity supplies serving millions of homes and businesses from the Midwest through the Mid-Atlantic. The …

3 09, 2026

Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies

By | September 3rd, 2026|Uncategorized|Comments Off on Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies

Philadelphia Insurance Companies (PHLY) announced the launch of PHLY TankEAS, a self-service online platform that allows agents and brokers to quote, bind, and issue admitted policies for eligible risks under PHLY’s Storage Tank Environmental Policy (STEP) program. The portal reduces …

2 09, 2026

Fatal Floods Expose Threats to Hydropower in the Roof of the World

By | September 2nd, 2026|Uncategorized|Comments Off on Fatal Floods Expose Threats to Hydropower in the Roof of the World

The devastating deluge that swept through the mountain valleys on the border between Nepal and Tibet in China is a potent reminder of a growing green-energy risk in one of the world’s most hazard-prone areas.Hydropower dams high in the Himalayas …

2 09, 2026

Edouard Causes Life-Threatening Flooding in East Texas

By | September 2nd, 2026|Uncategorized|Comments Off on Edouard Causes Life-Threatening Flooding in East Texas

Life-threatening flash flooding was hitting areas of East Texas north of Beaumont early Wednesday morning, as more than 20 inches of rain had fallen from the remnants of Tropical Storm Edouard in some places, federal forecasters said. At least one …

2 09, 2026

Kansas Woman Sentenced to Probation for Insurance Fraud

By | September 2nd, 2026|Uncategorized|Comments Off on Kansas Woman Sentenced to Probation for Insurance Fraud

Kansas Insurance Commissioner Vicki Schmidt announced an Atchison County woman has been sentenced to 12 months of probation for insurance fraud. Amber Conner, aged 30, pleaded guilty on July 13, 2026, in Atchison County District Court to one felony count …

2 09, 2026

People Moves: Cincinnati Insurance Chief Claims Officer Schambow to Retire, McMillan to Assume Responsibilities

By | September 2nd, 2026|Uncategorized|Comments Off on People Moves: Cincinnati Insurance Chief Claims Officer Schambow to Retire, McMillan to Assume Responsibilities

Cincinnati Financial Corporation announced that Marc J. Schambow, CPCU, AIM, ASLI, chief claims officer for its property casualty subsidiaries, led by The Cincinnati Insurance Company, will retire in January 2027. Schambow has served as Cincinnati’s top claims officer since 2020, …