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Viewpoint: When Andrew Returns – A Look Back at a Pivotal Insurance Event
At five o’clock on the morning of August 24, 1992, Hurricane Andrew came ashore near Homestead, Florida, as a Category 5 storm. It was one of only four hurricanes known to have struck the continental United States at Category 5 …
POSTED AUGUST 25, 2026 2:49 PM |
How One Florida Gas Station Worker Allegedly Defrauded Progressive of $44,700
For more than a year, a 31-year-old Fort Lauderdale gas station attendant was able to defraud Progressive Insurance of more than $44,700 before the insurer and state authorities caught up with him, according to an arrest affidavit. The scheme worked …
POSTED AUGUST 25, 2026 2:36 PM |
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team
Insurance broker Willis Towers Watson (WTW) is accusing rival Lockton Companies and 18 former employees of WTW’s Northeast construction insurance team of engineering a “smash and grab” operation that began on August 19. On that day, 18 members of WTW’s …
POSTED AUGUST 25, 2026 2:29 PM |
Judge Rejects First Brands’ Plan to Pay Down Debts by Pursuing Lawsuits
A U.S. bankruptcy judge on Monday rejected auto parts maker First Brands’ proposal to pay back creditors by pursuing litigation against insiders, instead converting the case to a more straightforward Chapter 7 liquidation. U.S. Bankruptcy Judge Christopher Lopez said that …
POSTED AUGUST 25, 2026 1:45 PM |
Firefighters Make Gains on Nevada Wildfire That’s Destroyed 30 homes
Crews have started to contain a wildfire in the Sierra Nevada foothills near Reno, Nevada, that destroyed more than 30 homes as it spread perilously close to dense neighborhoods, officials said Monday. Containment reached 27% and there was no new …
POSTED AUGUST 25, 2026 1:43 PM |
NCCI Recommends Another Workers’ Comp Rate Cut for Florida
The National Council on Compensation Insurance is recommending a 7.4% average rate decrease for workers’ compensation insurance, voluntary market, in Florida. If approved by state regulators, it would mark the 10th straight year of decreases, in line with most U.S. …
POSTED AUGUST 25, 2026 1:17 PM |
Fortescue Suspends Executive Over Sexual Harassment Allegations
Australian miner Fortescue Ltd. has suspended an executive over sexual harassment allegations, and engaged law firm MinterEllison to conduct an independent investigation into the matter. The incident is being treated “extremely seriously” and the employee is being stood down while …
POSTED AUGUST 25, 2026 1:11 PM |
China’s Hackers Use DeepSeek for Attacks, Researchers Say
Chinese hackers are ramping up attacks after integrating DeepSeek and other open-source artificial intelligence models into their operations, highlighting attackers’ ability to leverage basic AI tools to hit targets abroad. State-affiliated cyber groups more than doubled the amount of attacks …
POSTED AUGUST 25, 2026 11:37 AM |
Europe’s Record Heat Is Splitting Stock Winners From Losers
Even as Europe’s heat wave finally breaks, money managers say they’re still coming to terms with how climate change will affect their portfolios. Pictet Asset Management’s Katie Self says her firm has been fielding calls from clients about the risks …
POSTED AUGUST 25, 2026 11:25 AM |
New Zealand Insurance Industry Failing to Meet Māori Needs, Market Watchdog Says
New Zealand’s insurance industry is failing to consistently meet the needs of Māori, with affordability barriers and difficulties insuring collectively owned land leaving them less likely to have cover, according to a study by the market watchdog. The Financial Markets …
POSTED AUGUST 25, 2026 10:48 AM |
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