July 7, 2025
The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service Read more…
In the aftermath of devastating floods in Texas, social media users have spread misinformation that cloud seeding is to blame. Meteorologists have been quick to debunk the claim, but the rumors underline how weather can be a magnet for conspiracy Read more…
Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed 1.1% to HK$38.40 on Monday, reversing a drop Read more…
North Dakota Insurance Commissioner Jon Godfread announced last week that the state’s Insurance and Securities are unifying into following the passage of Senate Bill 2214 during the 2025 legislative session. The new law allows the insurance commissioner to assume the Read more…
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital LLC and other investors. Atrium will retain its Read more…
When Trump’s huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax earnings by litigation funders at a Read more…
WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage headquartered in Indianapolis, Indiana, is pleased to announce the addition of Apogee Insurance Solutions, LLC, a St. Peters, Missouri-based insurance agency, to its growing Missouri platform. This marks WalkerHughes’ second acquisition Read more…
Insurtech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market positions in Austria, the Netherlands, and Switzerland as well as its asset-light managing general agent (MGA) and smart insurance distribution Read more…
Flooding has caused an average of more than 125 deaths per year in the United States over the past few decades, according to the National Weather Service, and flash floods are the nation’s top storm-related killer. Here’s a look at Read more…
Los Angeles was already struggling to revive its fragile economy after the most destructive wildfires in its history erupted six months ago. Now, immigration raids are driving workers crucial to the rebuilding into the shadows. Framers and landscapers are abandoning Read more…