Tropical Storm Idalia is set to intensify into a hurricane on Monday on its way toward Florida, which is bracing for its first major storm of the Atlantic hurricane season.
Author: Annie George
3M Nears $5.5 Billion Settlement Over Defective Military Earplugs: Reports
 3M Co. is nearing agreement on a $5.5 billion settlement over defective earplugs, according to reports Sunday.
Rising Insurance Costs Start to Hit Home Sales
Home-insurance companies are trying to claw back steep underwriting losses by hiking rates, or pulling back from disaster-prone areas.
SEC Overhauls Rules for $20 Trillion Private Fund Industry
The U.S. securities regulator on Wednesday adopted new rules that will shine a light on private equity and hedge fund expenses and fees, in what executives and lawyers said marks a sweeping overhaul for an industry long criticized for its opacity.
Signers National Acquires Two Nonprofit Insurers
Signers National, a group of premier insurance companies dedicated to servicing key client segments across the United States, today announced the acquisition of two leading nonprofit insurance companies, Eclipse Risk Insurance Services and Whittaker Agency.
Orion180 Approved to Enter Florida Homeowners and Wind Market
Orion180, a premier provider of insurance solutions launched in 2018, had its two carriers, Orion180 Select Insurance Co. and Orion180 Insurance Co., approved to operate in Florida, as announced by the Florida Office of Insurance Regulation.
Maui Alleges Hawaiian Electric Caused Lahaina Wildfire
Maui County filed a lawsuit Thursday against utility company Hawaiian Electric, alleging that its power lines caused recent wildfires on the island—including one that destroyed the town of Lahaina and killed at least 115 people.
FedEx Allegedly Violated Illinois Genetic Privacy Law
FedEx is accused of violating an Illinois genetic information privacy law by allegedly improperly requiring workers to disclose their family medical history.
Global Reinsurers: Mid-Year 2023 Results
The 18 non-life reinsurers monitored by Fitch Ratings posted solid underwriting profits in 1H23 with an aggregate reinsurance combined ratio of 88%. This included moderate losses of 6.7pp from catastrophes.
Insurers Face Challenges from Supply Chains, Inflation, Surging Demand for Materials Following Maui Wildfires
Following the deadly wildfires on the Hawaiian island of Maui, insurance carriers will face myriad challenges including supply chain complexities and demand surge for fire-resistant materials, according to industry observers.