27 05, 2025

New Hampshire to Pay $2.25M to Mother of 5-Year-Old Killed by Father

By | May 27th, 2025|Uncategorized|Comments Off on New Hampshire to Pay $2.25M to Mother of 5-Year-Old Killed by Father

New Hampshire has agreed to pay $2.25 million to the mother of Harmony Montgomery, a 5-year-old girl whose father was convicted of murdering her. Crystal Sorey filed a negligence lawsuit against the state last May accusing social workers of ignoring …

29 05, 2025

AM Best Revises Outlook to Negative for Oklahoma Farm Bureau Mutual

By | May 29th, 2025|Uncategorized|Comments Off on AM Best Revises Outlook to Negative for Oklahoma Farm Bureau Mutual

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+”(Good) for the members of the Oklahoma …

30 05, 2025

Viewpoint: California’s Property Insurance Crisis And The Path to Reform

By | May 30th, 2025|Uncategorized|Comments Off on Viewpoint: California’s Property Insurance Crisis And The Path to Reform

California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety net—the California FAIR Plan. As homeowners confront rising premiums and limited coverage options, comprehensive reform is imperative to stabilize …

27 05, 2025

FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

By | May 27th, 2025|Uncategorized|Comments Off on FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

PepsiCo Inc. scored a major legal victory Thursday after the three members of the US Federal Trade Commission voted unanimously to dismiss an antitrust lawsuit that was filed at the very end of the Biden Administration. The FTC sued Pepsi …

29 05, 2025

Amazon’s Zoox Issues Second Software Recall This Month After San Francisco Crash

By | May 29th, 2025|Uncategorized|Comments Off on Amazon’s Zoox Issues Second Software Recall This Month After San Francisco Crash

Amazon.com’s self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month. The recall covers 270 …

30 05, 2025

Georgia Insurance Office Uses Appointment Fees to Help Fund New Elevator Inspectors

By | May 30th, 2025|Uncategorized|Comments Off on Georgia Insurance Office Uses Appointment Fees to Help Fund New Elevator Inspectors

Elevator inspections in Georgia have been an issue for years, exacerbated by the death of an 18-year-old athlete who was trapped and crushed between floors in a faulty elevator in 2021. Now, the Georgia insurance commissioner says his office has …

27 05, 2025

Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report

By | May 27th, 2025|Uncategorized|Comments Off on Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report

Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more than US$1 billion. Rising geopolitical …

30 05, 2025

Wildfire Experience Inspires New Contents Claims InsurTech

By | May 30th, 2025|Uncategorized|Comments Off on Wildfire Experience Inspires New Contents Claims InsurTech

When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensitive documents and …

30 05, 2025

Trump Administration Is Rolling Out a New Way to Shrink FEMA’s Role

By | May 30th, 2025|Uncategorized|Comments Off on Trump Administration Is Rolling Out a New Way to Shrink FEMA’s Role

When a series of deadly storms and tornadoes pummeled Arkansas in mid-March, downing power lines and tearing up homes, Governor Sarah Huckabee Sanders asked the federal government for money to not only help repair the damage, but also boost the …

29 05, 2025

Paramount Has Offered $15M to Settle Trump’s CBS Lawsuit, According to Reports

By | May 29th, 2025|Uncategorized|Comments Off on Paramount Has Offered $15M to Settle Trump’s CBS Lawsuit, According to Reports

A month into negotiations, Paramount Global has offered $15 million to settle U.S. President Donald Trump’s lawsuit against CBS News, but the parties remain far apart on terms, the Wall Street Journal reported on Wednesday, citing people familiar with the …