1+ week, 14+ hour ago  (530+ words) Treasury Secretary Scott Bessent said a US insurance programme designed to support shipping through the Strait of Hormuz will begin soon, a move aimed at helping restore traffic through one of the world's most important energy routes, according to Bloomberg....

1+ week, 14+ hour ago  (620+ words) A Connecticut court handed insurer GEICO a clear win, ruling that insurers filing regulatory complaints over towing charges are protected by absolute immunity. The Connecticut Appellate Court upheld dismissal of claims brought by four towing and auto repair businesses against…...

1+ week, 16+ hour ago  (519+ words) MSIG Asia has made a strategic equity investment in travel insurtech provider Ancileo and entered a regional partnership with the company, stepping up its push to grow travel insurance across Asia. MSIG already holds a strong position in the region's…...

2+ week, 3+ day ago  (240+ words) Former NBA player Glen Davis was released from prison on March 12 after serving 17 months for his role in a fraud scheme involving the NBA Players" Health and Welfare Benefit Plan. NBA Players" Health and Welfare Benefit Plan is a tax-exempt…...

2+ week, 3+ day ago  (294+ words) The rise of electric vehicles already reshapes auto insurance economics. New data from German Insurance Association (GDV) points to a shift insurers didn't fully expect. Crash frequency declines, but insurance claim severity moves the other way. EVs appear in accidents…...

4+ week, 2+ day ago  (357+ words) Airlines canceled thousands of flights after U.S. and Israeli strikes on Iran triggered retaliatory attacks and airspace closures across the Middle East. Major hubs including Dubai, Abu Dhabi and Doha suspended or sharply reduced operations, disrupting global itineraries routed through some…...

4+ week, 2+ day ago  (268+ words) NASCAR driver Kyle Busch and his wife settled their $8.5 mn lawsuit against Pacific Life Insurance and Arizona agent Rodney Smith, closing a dispute over indexed universal life projections. A notice filed in U.S. District Court for the Western District of North…...

4+ week, 2+ day ago  (634+ words) Marine insurers are cancelling war risk cover for vessels operating in the Middle East Gulf as the United States'Israel'Iran conflict disrupts tanker traffic and leaves ships damaged, stranded and, in at least two cases, with fatalities, according to Al Jazeera....

1+ mon, 1+ week ago  (305+ words) A financially motivated threat actor compromised more than 600 FortiGate devices across 55 countries. The campaign relied on commercial generative AI tools. It did not rely on new software vulnerabilities. CJ Moses, CISO of Amazon Integrated Security, said the operation succeeded by…...

1+ mon, 2+ week ago  (466+ words) A Florida Senate committee advanced SB 632 on a 6-3 vote, trimming liability requirements for rideshare drivers during the in-between phase of a trip. The measure cleared the Senate Banking and Insurance Committee without debate. St. Petersburg Republican Sen. Nick DiCeglie, the…...