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Hong Kong’s Deadliest Fire in Decades Followed a Year of Safety Complaints
Residents of the housing complex that was engulfed in Hong Kong’s deadliest blaze in seven decades were told by authorities last year that they faced “relatively low fire risks” after complaining repeatedly about fire hazards posed by ongoing renovation works, …
POSTED DECEMBER 01, 2025 11:53 AM |
PE Firms EQT, CVC Drop $3.44B Pursuit of Australian Broker AUB Group; Shares Drop
Australia’s AUB Group said on Monday its suitors EQT and CVC Asia Pacific had abandoned their pursuit that valued the insurance broker at A$5.25 billion ($3.44 billion), sending its shares more than 17% lower. Shares of the Sydney-based firm plunged …
POSTED DECEMBER 01, 2025 11:01 AM |
US E&S Outlook No Longer Positive: AM Best
AM Best is revised its market segment outlook on the U.S. excess and surplus lines segment to stable from positive, the rating agency announced in mid-November. The change comes as rates soften and premium growth moderates. “Although favorable market conditions …
POSTED DECEMBER 01, 2025 6:53 AM |
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge
A federal judge dealt a setback to customers suing Burger King over advertising for its Whopper sandwiches, saying their claims were too disparate to justify certifying a nationwide class action. The lawsuit by 19 customers in 13 U.S. states accused …
POSTED DECEMBER 01, 2025 6:15 AM |
Deadly Bear Attacks in Japan Prompt New Products From Insurers
Hardly a day goes by in Japan without news of another bear attack, but a problem that’s worrying local residents, tourists and farmers and hampering leisure-related businesses is presenting an opportunity for insurers. Tokio Marine & Nichido Fire Insurance Co. …
POSTED DECEMBER 01, 2025 6:10 AM |
Why Reciprocal Insurance Exchanges Are Back in Fashion
Reciprocal insurance exchanges have been increasingly popular in recent years, with third-party investor interest in the fee-for-service businesses that manage RIEs and waning property insurance capacity in catastrophe-prone regions supporting the resurgence. Third-party investors “are not exposed to the insurers’ …
POSTED DECEMBER 01, 2025 6:03 AM |
DOJ Investigating SeaWorld, Busch Gardens Firm After Ban on Some Wheeled Walkers
The Trump Administration’s Department of Justice, not known for its support of minorities and disabled people, announced it is investigating the company that runs SeaWorld Orlando and Busch Gardens Tampa Bay for potential violations of the Americans with Disabilities Act. …
POSTED DECEMBER 01, 2025 6:02 AM |
Product Liability Verdicts Are on the Rise but There Are Ways to Avoid Them
Nuclear verdicts in product liability suits are on the rise. But manufacturers and their insurance companies can take multiple steps to prevent and defend against large jury verdicts, insurance and legal experts said at a recent webinar hosted by Travelers. …
POSTED DECEMBER 01, 2025 6:02 AM |
California Labor Commissioner Cites Janitorial Companies, OptumCare $468K
The California Labor Commissioner’s Office has cited several janitorial companies, their owners, and OptumCare Management LLC $468,204 for wage theft violations that reportedly impacted more than 90 janitors who cleaned manufacturing, laboratory, and healthcare facilities across Los Angeles and Orange …
POSTED DECEMBER 01, 2025 6:00 AM |
Washington Workers’ Comp Average Premium Going up 4.9% in 2026
The average cost of workers’ compensation insurance in Washington is set to rise 4.9% for 2026. The Washington State Department of Labor & Industries announced that employers and workers will pay on average $1.37 a week more for each full-time …
POSTED DECEMBER 01, 2025 6:00 AM |
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