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Jane Kim led fellow Democrat Ben Allen in the race for California insurance commissioner by more than 265,000 votes in Tuesday’s election. As of Wednesday morning, 99.8% of precincts had reported in, though a large number of votes remain uncounted. …

A Massachusetts Superior Court judge recently found a municipal insurer responsible for a share of a $14.9 million settlement with a man wrongly incarcerated for 36 years. MIIA Property & Casualty Group, Inc. was ordered to pay the town of …

European Central Bank President Christine Lagarde urged Europe on Wednesday to boost climate-related insurance, invest more in power infrastructure and help companies generate their own electricity, saying last summer’s extreme heat should serve as a warning. Ahead of next week’s …

A cyberattack on supermarket fridges across Europe is just an early sign of what are likely to be increasingly frequent disruptions as old technology fails to keep pace with hackers, Britain’s cybersecurity chief said on Tuesday. On Monday, fridges and …

Crédit Mutuel Arkéa said hackers stole money from it after gaining access to its computer systems, underscoring the growing cybersecurity risks for the banking sector. The French lender “was the victim of a cyberattack that enabled fraudulent transactions to be …

3M Co. is committing $7.35 billion over nine years to settle litigation related to its use of chemicals known as PFAS. The company said the commitment would address almost all of the 115,000 to 120,000 personal injury claims that are …

European supermarkets targeted in a second wave of cyberattacks that cranked up fridge and freezer temperatures were rushing on Tuesday to upgrade their systems and protect themselves against further hacking attempts. Stores in eight European countries were forced to throw …

South Africa’s iconic Kruger National Park faces a substantial funding shortfall to repair severe flood damage, restricting visitor numbers. The vast wildlife reserve, a popular international tourist destination and home to critically endangered species such as the black rhinoceros, suffered …

Resilience, headquartered in San Francisco, promoted Chris Pitcher to head of North America underwriting strategy and operations and Alex Carleton to U.S. distribution leader. Pitcher joined Resilience in 2025 and most recently served as senior vice president of enterprise underwriting …

A Kuna, Idaho, man was sentenced to a stint in jail and probation for insurance fraud involving a claim for a whitewater raft that he did not own. Justin Moss filed a claim for more than $17,000 from Progressive Insurance …

EPIC Insurance Brokers & Consultants acquired E. Broox Randall & Sons Inc. in Los Angeles. The acquisition expands EPIC’s Private Client practice and commercial insurance operations in Southern California. Randall Insurance was founded in 1922 by E. Broox Randall and …

The Connecticut Insurance Department has approved decreases in workers’ compensation rates for employers starting January 1, 2027. The voluntary market loss costs will decrease -4.9% overall, while assigned risk plan rates will go down -5.8% overall. The changes reflect the …

Third quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment decreased nearly 30% compared with the prior year, to $564 million. Insurance financial results for Q3 included catastrophe losses of $283 million, and increase over the $100 …

President Donald Trump pledged to provide more federal aid to Texas flood victims after the Federal Emergency Management Agency denied the state’s initial request to help individuals recovering from widespread floods in July. The flooding swept through portions of southwest …

Mid-Michigan Home Health & Hospice, L.L.C., a private in-home health care provider to clients throughout central Michigan, will pay $41,137 and provide other relief to settle a race discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission …

Most Americans don’t want artificial intelligence making decisions about their medical care and insurance, according to a new Pew Research Center report. While Americans are generally open to AI use in healthcare for tasks like translating, 60% of the 3,488 …

Specialty Program Group has added Victoria “Vicky” Dearing as senior vice president of SPG ExecuPro, the executive and professional liability solution within SPG Wholesale. Dearing brings more than 45 years of insurance industry experience, including over three decades specializing in …

Matthew Allen joined Brown & Riding‘s national management and professional liability practice. Allen has over 15 years of industry experience and specializes in D&O, EPL, fiduciary, and crime coverage for private and nonprofit organizations, and professional and cyber liability for …

Erie Insurance President and CEO Tim NeCastro, who announced in February that he would be retiring at the end of the year, stepped down today. The company statement said NeCastro “has decided to conclude his tenure with Erie earlier than …

RiverStone International, the Bermuda-based legacy acquisition specialist, announced two major loss portfolio transfer (LPT) reinsurance deals, including its first involving the insurance-linked securities (ILS) market. The ILS transaction, announced on Oct. 30, involved the reinsurance of portfolios associated with funds …