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Lloyd’s Said It Will Lose $2.3B From LA Wildfires
Lloyd’s this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. The company revealed the losses …
POSTED MARCH 12, 2025 10:25 AM |
Attempt to Make S’mores Blamed for Long Island Wind-Driven Brush Fires
Multiple brush fires that burned across a wooded area of Long Island over the weekend were accidentally caused by a family’s attempt to make s’mores, Suffolk County police said Monday. Commissioner Kevin Catalina said detectives traced the cause to a …
POSTED MARCH 12, 2025 10:19 AM |
Most Ransomware Claims Begin With Compromised Perimeter Security: Coalition
More than half of ransomware claims in 2024 started with threat actors compromising perimeter security appliances, according to a new report from Coalition. In its Cyber Threat Index 2025, the insurance provider reported that 58% of claims began with such …
POSTED MARCH 12, 2025 9:36 AM |
Oakbridge Names Ledyard Chief Operating Officer; Hub Hires Nashville Advisors
Atlanta-area-based Oakbridge Insurance, one of the largest privately owned agencies in the Southeast, named John Ledyard chief operating officer and executive vice president. Ledyard spent almost 11 months at Higginbotham, a Texas-based insurance brokerage and agency, much of that time …
POSTED MARCH 12, 2025 5:02 AM |
AM Best Revises Outlooks for Members of Grange Insurance Group in Washington
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” (Good) of Grange Insurance Association and its reinsured subsidiary Granwest Property & Casualty. …
POSTED MARCH 12, 2025 5:00 AM |
Kennedy Wants FDA to Close ‘Self-Affirm’ Safety ‘Loophole’ Used by Food Manufacturers
U.S. Secretary of Health and Human Services Robert Kennedy Jr. directed the Food and Drug Administration on Monday to revise safety rules to help eliminate a provision that allows companies to self-affirm that food ingredients are safe. This would increase …
POSTED MARCH 12, 2025 5:00 AM |
School Owner Sentenced for Falsifying Asbestos Removal Training Documents
The owner of a Rhode Island asbestos abatement training center who falsified documents attesting individuals paid for, attended, and successfully completed an Environmental Protection Administration (EPA)-approved abatement training program has been sentenced to two years’ probation, announced Acting United States …
POSTED MARCH 12, 2025 5:00 AM |
Viewpoint: The Evolution of Homeowners Insurance in California—From Niche to Necessity
For many years, the homeowners insurance market operated as a relatively stable and predictable sector in California. Changes were incremental, and the market largely catered to established patterns of risk and pricing. This stability, however, has been disrupted recently, with …
POSTED MARCH 12, 2025 5:00 AM |
Girl Scouts Sued Over Alleged Metals, Pesticides in Thin Mints, Other Cookies
The Girl Scouts have been sued by consumers over the alleged presence of “heavy metals” and pesticides in its popular Thin Mints and other cookies. A proposed class action was filed on Monday night in the Brooklyn, New York federal …
POSTED MARCH 11, 2025 6:50 PM |
People Moves: TFI Announces Executive Team Promotions; Brown & Riding Adds Murphree to Transportation Practice
Texas First Insurance announced the promotions of Jerry Blystone to Chief Executive Officer and Bryan Burkhart to President. Having celebrated 100 years in business earlier this year, these promotions position the independent insurance agency for continued growth and success over …
POSTED MARCH 11, 2025 4:46 PM |
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