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Breaking: Senators Launch Probe Into Demotech’s Ratings in Florida
Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac — and ultimately taxpayers — to growing risks tied to climate-driven insurer failures. In a letter sent …
POSTED DECEMBER 23, 2025 5:13 PM |
AM Best Places Jet Insurance Ratings Under Review Following Acquisition
AM Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Jet Insurance Company, following the close of the acquisition of Jet by Amherst Specialty …
POSTED DECEMBER 23, 2025 5:05 PM |
50% Rule: TN Supreme Court Finds Driver Due Knee Replacement Despite Arthritis
It’s an age-old question that continues to come up for workers’ compensation insurers around the country: When is an injury an aggravation of an existing condition, and when is it compensable, perhaps requiring expensive surgery and more? The Tennessee Supreme …
POSTED DECEMBER 23, 2025 4:53 PM |
Alabama, NC Set Hearings on Proposed Capital Requirements, Dwelling Rate Increase
Regulators in two Southeastern states will hold hearings early next year, one on a proposed steep dwelling insurance rate increase in North Carolina, and another on new capital requirements for insurers in Alabama. The Alabama Department of Insurance scheduled a …
POSTED DECEMBER 23, 2025 3:43 PM |
People Moves: CRC Adds Duff, Gallien, Jr. to Specialty Team
CRC Group, an independent wholesale specialty insurance distributor, announced additions to its expanding CRC Specialty division. Matthew Duff has joined in Little Rock as an underwriting team leader, bringing over a decade of experience in homeowners, personal lines, and excess …
POSTED DECEMBER 23, 2025 3:35 PM |
Michigan Regulators Approve State’s First Hyperscale Data Center
Despite criticism that they were acting too fast, state utility regulators last week approved DTE Energy’s proposal to supply power for Michigan’s first hyperscale data center — while tacking on a host of conditions that aim to protect ratepayers from …
POSTED DECEMBER 23, 2025 3:28 PM |
China’s Kuaishou Shares Fall to Near Five-Week Low After Livestreaming Cyberattack
Shares of Kuaishou dropped by as much as 6% on Tuesday to HK$62.70 ($8.06), their lowest since November 21, after the Chinese short video platform was hit by a cyberattack on Monday night. The stock is set for its biggest …
POSTED DECEMBER 23, 2025 1:35 PM |
J&J Vows Appeal After Jury Hits it With $1.5B Talc Cancer Award
A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company’s talc-based products caused her peritoneal mesothelioma, a form of cancer. Jurors in …
POSTED DECEMBER 23, 2025 12:03 PM |
South Korea Online Retailer Coupang Faces US Securities Class Action Over Data Breach
South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of more than 33 million customers. The lawsuit, filed last week …
POSTED DECEMBER 23, 2025 11:51 AM |
Britain’s Top CEOs Predict the Biggest Challenges of 2026
The bosses of some of Britain’s biggest companies predict a fresh wave of challenges next year, as they absorb the impact Chancellor of the Exchequer Rachel Reeves’ tax-raising budget in November. Chief executive officers in sectors including finance, housing, gambling …
POSTED DECEMBER 23, 2025 11:29 AM |
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