People Moves: TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions; MGA Augmented Names Overall From Atrium as Head of Underwriting
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Description: This edition of International People Moves details appointments at the specialty insurer Tokio Marine Kiln and the MGA Augmented UW. A summary of these new hires follows here. TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions Tokio Marine …
Full content: This edition of International People Moves details appointments at the specialty insurer Tokio Marine Kiln and the MGA Augmented UW. A summary of these new hires follows here. TMK Taps Beazley’s Silvestre as Head of Cyber Reinsurance Solutions Tokio Marine …
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Category: International & Reinsurance News
Date: Tue, 18 Nov 2025 17:44:36 +0000
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Motive, GEICO Partner to Improve Safety and Lower Premiums for Commercial Fleets
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Description: GEICO and fleet management company Motive have partnered to improve drive safety and drive down insurance prices for commercial fleets. Motive’s artificial intelligence-powered operations platform integrates fleet management, spend management, equipment and temperature monitoring, compliance, and workforce management in one …
Full content: GEICO and fleet management company Motive have partnered to improve drive safety and drive down insurance prices for commercial fleets. Motive’s artificial intelligence-powered operations platform integrates fleet management, spend management, equipment and temperature monitoring, compliance, and workforce management in one …
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Category: National News
Date: Tue, 18 Nov 2025 17:12:24 +0000
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Registration Deadline for Louisiana Fortify Homes Program Grants Extended
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Description: The registration deadline for the current round of Louisiana Fortify Homes Program (LFHP) grants has been extended to 5 p.m. on Thursday, Nov. 20, due to the national Cloudflare outage on Tuesday, the Louisiana Department of Insurance said. Homeowners who …
Full content: The registration deadline for the current round of Louisiana Fortify Homes Program (LFHP) grants has been extended to 5 p.m. on Thursday, Nov. 20, due to the national Cloudflare outage on Tuesday, the Louisiana Department of Insurance said. Homeowners who …
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Category: Texas / South Central News
Date: Tue, 18 Nov 2025 16:51:34 +0000
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Kansas Man Sentenced for Insurance Fraud
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Description: Kansas Insurance Commissioner Vicki Schmidt announced a Johnson county man has been sentenced to 12 months of probation for insurance fraud. Macario Butler, age 28, pleaded guilty on November 7, 2025 in Johnson County District Court to one misdemeanor count …
Full content: Kansas Insurance Commissioner Vicki Schmidt announced a Johnson county man has been sentenced to 12 months of probation for insurance fraud. Macario Butler, age 28, pleaded guilty on November 7, 2025 in Johnson County District Court to one misdemeanor count …
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Category: Midwest News
Date: Tue, 18 Nov 2025 16:40:37 +0000
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Fatigue Crack Caused a Keystone Pipeline Oil Spill in North Dakota, Operator Says
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Description: A fatigue crack in the Keystone Pipeline led to an oil spill in North Dakota earlier this year that released thousands of barrels of oil onto farmland, according to the pipeline operator. In a quarterly report released Thursday, South Bow …
Full content: A fatigue crack in the Keystone Pipeline led to an oil spill in North Dakota earlier this year that released thousands of barrels of oil onto farmland, according to the pipeline operator. In a quarterly report released Thursday, South Bow …
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Category: Midwest News
Date: Tue, 18 Nov 2025 16:32:59 +0000
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Firefighters Battle Blaze at Texas Decommissioned Power Plant
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Description: Firefighters in southeastern Texas were battling a blaze at a decommissioned power plant that sent large plumes of smoke into the air on Sunday and local officials warned area residents to avoid the smoke. The fire broke out at the …
Full content: Firefighters in southeastern Texas were battling a blaze at a decommissioned power plant that sent large plumes of smoke into the air on Sunday and local officials warned area residents to avoid the smoke. The fire broke out at the …
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Category: Texas / South Central News
Date: Tue, 18 Nov 2025 16:15:59 +0000
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APCIA: House Judiciary Committee Must Pass Litigation Funding Disclosure Reforms
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Description: The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills schedule for markup today by the House Judiciary Committee. Committee member Rep. Darell Issa, R-Calif., in February introduced the Litigation Transparency Act of 2025 (HR 1109) …
Full content: The American Property Casualty Insurance Association (APCIA) continues to throw support behind two bills schedule for markup today by the House Judiciary Committee. Committee member Rep. Darell Issa, R-Calif., in February introduced the Litigation Transparency Act of 2025 (HR 1109) …
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Category: National News
Date: Tue, 18 Nov 2025 16:00:33 +0000
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Trump Administration Considers Moving FEMA to Texas, Report Says
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Description: The Trump administration is weighing whether to relocate the Federal Emergency Management Agency to Texas and tap the state’s top emergency official to lead it, Politico reported Monday, citing two former senior FEMA officials. In February, Trump interviewed Nim Kidd, …
Full content: The Trump administration is weighing whether to relocate the Federal Emergency Management Agency to Texas and tap the state’s top emergency official to lead it, Politico reported Monday, citing two former senior FEMA officials. In February, Trump interviewed Nim Kidd, …
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Category: Texas / South Central News
Date: Tue, 18 Nov 2025 15:56:06 +0000
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Cloudflare Resolves Global Outage That Disrupted ChatGPT, X
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Description: A worldwide outage at the network of cybersecurity firm Cloudflare Inc. has been resolved after several hours of disruption on Tuesday. The outage had taken down the websites for everything from the chief US energy regulator, ChatGPT, the New Jersey …
Full content: A worldwide outage at the network of cybersecurity firm Cloudflare Inc. has been resolved after several hours of disruption on Tuesday. The outage had taken down the websites for everything from the chief US energy regulator, ChatGPT, the New Jersey …
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Category: National News
Date: Tue, 18 Nov 2025 15:42:16 +0000
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CVS Settles for $18.2M Over California False Claims Act Violations
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Description: CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between …
Full content: CVS Pharmacy Inc. has settled alleged violations of the California False Claims Act with California Attorney General Rob Bonta and the United States Department of Justice. The settlement agreement requires CVS to pay $18.2 million. It resolves allegations that between …
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Category: West News
Date: Tue, 18 Nov 2025 14:42:38 +0000
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Estimate to Rebuild Baltimore’s Key Bridge Doubles to $5 Billion
Author: Andrew G. Simpson
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Description: The price tag for rebuilding Baltimore’s Francis Scott Key Bridge is now more than double what officials estimated in 2024 right after the bridge was struck by a container shop and collapsed. The Maryland Transportation Authority (MDTA) yesterday updated the …
Full content: The price tag for rebuilding Baltimore’s Francis Scott Key Bridge is now more than double what officials estimated in 2024 right after the bridge was struck by a container shop and collapsed. The Maryland Transportation Authority (MDTA) yesterday updated the …
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Category: East News
Date: Tue, 18 Nov 2025 13:34:03 +0000
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Property Cat Reinsurance MGA, Bobcat Re, Launched in US by Former K2 CAT Execs
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Description: A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. Jackson from Safepoint. Headquartered in Tampa and with an …
Full content: A new property-catastrophe reinsurance MGA, Bobcat Re, has been launched by a group of private investors, including former K2 CAT executives David Carson and James Sharpington as well as Glenn T. Jackson from Safepoint. Headquartered in Tampa and with an …
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Category: International & Reinsurance News
Date: Tue, 18 Nov 2025 13:29:43 +0000
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No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC
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Description: Alphabet Chief Executive Sundar Pichai said no company would be unscathed if the artificial intelligence boom collapses, as soaring valuations and heavy investment in the sector fuel concerns of a bubble. Pichai said in an interview with the BBC published …
Full content: Alphabet Chief Executive Sundar Pichai said no company would be unscathed if the artificial intelligence boom collapses, as soaring valuations and heavy investment in the sector fuel concerns of a bubble. Pichai said in an interview with the BBC published …
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Category: International & Reinsurance News
Date: Tue, 18 Nov 2025 09:33:29 +0000
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World Is Off Course on Pledge to Slash Heat-Trapping Methane
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Description: The world remains far behind global commitments to slash methane, according to a United Nations assessment that underscores the need for rapid, aggressive work to stifle emissions of the super pollutant. Fulfilling a pledge by roughly 160 nations to cut …
Full content: The world remains far behind global commitments to slash methane, according to a United Nations assessment that underscores the need for rapid, aggressive work to stifle emissions of the super pollutant. Fulfilling a pledge by roughly 160 nations to cut …
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Category: International & Reinsurance News
Date: Tue, 18 Nov 2025 08:36:16 +0000
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AI-Induced Psychosis: The Danger of Humans and Machines Hallucinating Together
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Description: On Christmas Day 2021, Jaswant Singh Chail scaled the walls of Windsor Castle with a loaded crossbow. When confronted by police, he stated: “I’m here to kill the queen.” In the preceding weeks, Chail had been confiding in Sarai, his …
Full content: On Christmas Day 2021, Jaswant Singh Chail scaled the walls of Windsor Castle with a loaded crossbow. When confronted by police, he stated: “I’m here to kill the queen.” In the preceding weeks, Chail had been confiding in Sarai, his …
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Category: International & Reinsurance News
Date: Tue, 18 Nov 2025 08:03:33 +0000
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Chubb Insurance Malaysia Files for Malaysia IPO
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Description: Chubb Insurance Malaysia Bhd has filed for an initial public offering on Bursa Malaysia to sell 300 million existing shares, or 30% of its issued capital, via an offer for sale by its sole shareholder, Chubb INA International Holdings, according …
Full content: Chubb Insurance Malaysia Bhd has filed for an initial public offering on Bursa Malaysia to sell 300 million existing shares, or 30% of its issued capital, via an offer for sale by its sole shareholder, Chubb INA International Holdings, according …
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Category: International & Reinsurance News
Date: Tue, 18 Nov 2025 07:19:15 +0000
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Purdue Pharma Gets Court Nod for Bankruptcy Exit, Sackler Deal
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Description: Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H. Lane said he will sign off on Purdue’s …
Full content: Purdue Pharma LP won court approval to exit bankruptcy, capping six years of legal wrangling over a multibillion-dollar settlement and liability releases for the opioid manufacturer’s Sackler family owners. Judge Sean H. Lane said he will sign off on Purdue’s …
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Category: National News
Date: Tue, 18 Nov 2025 06:47:29 +0000
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Wall St Regulator to Consider Crypto Token Classification, Chair Says
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Description: The head of the U.S. Securities and Exchange Commission said the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities. “In the coming months, I anticipate that the Commission will …
Full content: The head of the U.S. Securities and Exchange Commission said the agency would soon consider establishing a classification for digital assets to help determine when they can be considered securities. “In the coming months, I anticipate that the Commission will …
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Category: National News
Date: Tue, 18 Nov 2025 06:19:51 +0000
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Biggest NJ Health Insurer to Pay $100 Million in Whistleblower Suit
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Description: Horizon Blue Cross Blue Shield of New Jersey agreed to pay $100 million to resolve allegations that the health-insurance company had ripped off taxpayers by overpaying for care, in a pact made public on Friday. The settlement with New Jersey …
Full content: Horizon Blue Cross Blue Shield of New Jersey agreed to pay $100 million to resolve allegations that the health-insurance company had ripped off taxpayers by overpaying for care, in a pact made public on Friday. The settlement with New Jersey …
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Category: East News
Date: Tue, 18 Nov 2025 06:02:52 +0000
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Kentucky Scrapyard Workers Describe UPS Plane Crash That Destroyed Their Business
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Description: Supervisor Adam Bowman was loading metal onto a truck at a scrapyard just south of the Louisville, Kentucky, airport when he heard what he first thought was a transformer explosion and quickly realized was more horrific. “I turned around and …
Full content: Supervisor Adam Bowman was loading metal onto a truck at a scrapyard just south of the Louisville, Kentucky, airport when he heard what he first thought was a transformer explosion and quickly realized was more horrific. “I turned around and …
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Category: Southeast News
Date: Tue, 18 Nov 2025 06:02:47 +0000
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Florida Approves 6.9% Average Cut in Workers’ Comp Rates But Roofers Are Worried
Author: William Rabb
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Description: Florida’s insurance commissioner has approved a 6.9% average decrease in workers’ compensation rates for the voluntary market for 2026, marking the ninth straight year of rate cuts in the state. The average rate reduction will be for new and renewal …
Full content: Florida’s insurance commissioner has approved a 6.9% average decrease in workers’ compensation rates for the voluntary market for 2026, marking the ninth straight year of rate cuts in the state. The average rate reduction will be for new and renewal …
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Category: Southeast News
Date: Tue, 18 Nov 2025 06:02:13 +0000
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Walgreens to Pay $500,000 for Overcharging at Vermont Checkouts
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Description: Walgreens has agreed to pay $500,000 to settle claims of overcharging at its stores in Vermont — including in one instance where an item rang at the register $23 higher than its shelf price, the state Attorney General’s Office said …
Full content: Walgreens has agreed to pay $500,000 to settle claims of overcharging at its stores in Vermont — including in one instance where an item rang at the register $23 higher than its shelf price, the state Attorney General’s Office said …
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Category: East News
Date: Tue, 18 Nov 2025 06:01:16 +0000
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NJ NAACP, Latino Groups Say Regulators Aid Discrimination in Auto Insurance Rates
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Description: The New Jersey NAACP and two Latino groups last week filed suit against the state Department of Banking and Insurance, charging that the agency encourages discrimination in auto insurance rates by allowing insurers to use drivers’ education and employment levels …
Full content: The New Jersey NAACP and two Latino groups last week filed suit against the state Department of Banking and Insurance, charging that the agency encourages discrimination in auto insurance rates by allowing insurers to use drivers’ education and employment levels …
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Category: East News
Date: Tue, 18 Nov 2025 06:01:01 +0000
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Brockovich Group Sues Over LA Fire Alert Failure in 18 Deaths
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Description: A communications contractor for Los Angeles County was blamed in a lawsuit for 18 deaths in a January wildfire over its alleged failure to evacuate residents in the path of the inferno. Genasys Inc. was accused of “digital redlining” for …
Full content: A communications contractor for Los Angeles County was blamed in a lawsuit for 18 deaths in a January wildfire over its alleged failure to evacuate residents in the path of the inferno. Genasys Inc. was accused of “digital redlining” for …
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Category: West News
Date: Tue, 18 Nov 2025 06:00:27 +0000
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FEMA Chief Resigns After Six Months, Criticism Over Floods
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Description: The Trump administration’s top official at the Federal Emergency Management Agency, David Richardson, resigned on Monday after about six months on the job. Richardson had no emergency management experience when he took on the role. He came to FEMA from …
Full content: The Trump administration’s top official at the Federal Emergency Management Agency, David Richardson, resigned on Monday after about six months on the job. Richardson had no emergency management experience when he took on the role. He came to FEMA from …
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Category: National News
Date: Mon, 17 Nov 2025 20:00:05 +0000
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World Insurance Associates Acquires Reinig in Colorado
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Description: World Insurance Associates LLC acquired the business of Reinig Insurance Solutions in Lakewood, Colorado. Reinig Insurance Solutions specializes in providing property/casualty products and services to the health and fitness industry. World Insurance Associates is a headquartered in Iselin, New Jersey, …
Full content: World Insurance Associates LLC acquired the business of Reinig Insurance Solutions in Lakewood, Colorado. Reinig Insurance Solutions specializes in providing property/casualty products and services to the health and fitness industry. World Insurance Associates is a headquartered in Iselin, New Jersey, …
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Category: West News
Date: Mon, 17 Nov 2025 18:11:26 +0000
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Tesla Wins Bid to Undo Race Bias Class Action by Black Factory Workers
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Description: A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker. California …
Full content: A California state judge has ruled that 6,000 Black workers at Tesla’s flagship assembly plant cannot sue over alleged racial harassment as a class, reversing an earlier ruling in a major victory for CEO Elon Musk’s electric vehicle maker. California …
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Category: West News
Date: Mon, 17 Nov 2025 16:29:55 +0000
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Nonstandard Auto Insurers Continue Profit Momentum in 2025: AM Best
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Description: The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said U.S. private passenger nonstandard auto insurers turned in …
Full content: The nonstandard auto insurance market in 2025 certainly looks to be maintaining the momentum it gained last year, according to a new report from AM Best. The insurance industry rating agency said U.S. private passenger nonstandard auto insurers turned in …
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Category: National News
Date: Mon, 17 Nov 2025 16:25:26 +0000
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Update: Google, Meta Delay Red Sea Cables as Security Risks Rattle Plans
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Description: Multiple subsea internet cables slated to run through the Red Sea are yet to complete as planned, as political tensions and heightened security threats have made the route more dangerous and complicated for commercial vessels. Meta Platforms Inc.’s 2020 plans …
Full content: Multiple subsea internet cables slated to run through the Red Sea are yet to complete as planned, as political tensions and heightened security threats have made the route more dangerous and complicated for commercial vessels. Meta Platforms Inc.’s 2020 plans …
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Category: International & Reinsurance News
Date: Mon, 17 Nov 2025 16:14:42 +0000
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K2 and Dale Get ‘In Principle’ Nod From Lloyd’s to Launch Syndicate 1954
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Description: Dale Underwriting Partners, the trading name for Dale Managing Agency Ltd.’s Lloyd’s Syndicate 1729, and K2 Insurance Services, an independent MGA platform, have received “in principle” approval from Lloyd’s to launch Syndicate 1954. Operating as a special purpose arrangement (SPA), …
Full content: Dale Underwriting Partners, the trading name for Dale Managing Agency Ltd.’s Lloyd’s Syndicate 1729, and K2 Insurance Services, an independent MGA platform, have received “in principle” approval from Lloyd’s to launch Syndicate 1954. Operating as a special purpose arrangement (SPA), …
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Category: International & Reinsurance News
Date: Mon, 17 Nov 2025 15:35:51 +0000
Local date: Mon, 17 Nov 2025 15:35:51 +0000
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