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Even Low-Risk Homes Are Caught Up in California’s Climate Insurance Crisis
As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. California intended the insurer, called the …
POSTED MARCH 16, 2026 5:30 PM |
Former Oklahoma Farmers Agent Accused of Sharing Confidential Data in Lawsuit
Farmers Insurance alleges in a lawsuit that a former agent in Oklahoma conspired to move Farmers’ insureds to other insurance companies, including an agency where his wife works. Farmers alleges that Bradley McKinney broke his Agent Appointment Agreement with Farmers …
POSTED MARCH 16, 2026 4:49 PM |
After Milton’s Damage to Stadium, St. Pete Votes to Raise Coverage to $50M
The city of St. Petersburg, Florida, in 2024 famously lowered its insurance coverage on Tropicana Field, the longtime home of the Tampa Bay Rays baseball team. The move saved the city some $275,000 in annual premium but slashed coverage limits …
POSTED MARCH 16, 2026 4:47 PM |
People Moves: TMK Appoints Glover From AIG as Aviation Underwriter
TMK Appoints Glover From AIG as Aviation Underwriter Specialty insurer Tokio Marine Kiln (TMK) announced it has appointed Cameron Glover as an underwriter within its Aviation department. He takes up his new role within the expanding Aerospace division writing airport …
POSTED MARCH 16, 2026 4:41 PM |
US $20B Reinsurance Plan Unlikely to Restart Gulf Shipping Without Liability Cover
The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, according to Moody’s Ratings, without coverage of liability risk, …
POSTED MARCH 16, 2026 4:08 PM |
Encyclopedia Britannica Sues OpenAI Over AI Training
Encyclopedia Britannica and its Merriam-Webster subsidiary have sued OpenAI in Manhattan federal court for allegedly misusing their reference materials to train its artificial intelligence models. Britannica said in the complaint filed on Friday that Microsoft-backed OpenAI used its online articles …
POSTED MARCH 16, 2026 4:04 PM |
Judge Sides With Florida Citizens in Another Win for DOAH Arbitration Plan
A Florida judge has given another win to Citizens Property Insurance Corp., finding that the state-created insurer’s arbitration endorsement is constitutional and enforceable. “Final judgment is granted in favor of Citizens and against the plaintiff as to this declaration that …
POSTED MARCH 16, 2026 3:37 PM |
US Data Center Boom Slows Due to Power Grid Limits, Consultancy Says
US data center development has slowed because the power grid is reaching its limit to accommodate more large facilities, according to research from energy consultancy Wood Mackenzie. Developers added data centers that would consume about 25 gigawatts of electricity to …
POSTED MARCH 16, 2026 2:28 PM |
US Charges Man Accused of Selling Gun to Old Dominion University Shooter
A man was charged week with selling a stolen gun to Mohamed Bailor Jalloh, a former member of the Army National Guard who used it to kill one person and wound two others at Old Dominion University, federal authorities said. …
POSTED MARCH 16, 2026 2:23 PM |
TPG Launches Third Wave Brokerage, Which Acquires Palmer & Cay in Atlanta
In a three-way deal, TPG, an asset management firm, has launched an insurance brokerage with offices in South Carolina. That brokerage, Third Wave Insurance, has acquired Palmer & Cay, an insurance and employee benefits brokerage in Atlanta. Palmer & Cay, …
POSTED MARCH 16, 2026 2:12 PM |
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