California Commissioner Pushes for Wildfire Recovery Bill, Other Legislation
California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective responsibility to help individuals, communities, and businesses …
POSTED SEPTEMBER 15, 2025 9:35 PM |
Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Programs
Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensation Institute out this week examines FRPs, multidisciplinary treatments aimed …
POSTED SEPTEMBER 15, 2025 8:32 PM |
Skyward Specialty Names Zitzmann President of Inland Marine, Transactional Property
Skyward Specialty Insurance Group recruited Christopher Zitzmann as president of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry expertise, leadership and building …
POSTED SEPTEMBER 15, 2025 4:52 PM |
People Moves: World Insurance Associates Adds Posey as Lead of Market Relationships
World Insurance Associates announced today that Zach Posey has joined as its new leader of market relationships. Posey, who is based in Chicago, will engage with contingent capital providers to include insurers in developing unique solutions for clients, trading partners …
POSTED SEPTEMBER 15, 2025 4:47 PM |
California Extending Cap-And-Trade Program Aimed at Advancing State Climate Goals
California will extend a key climate program under a bill state lawmakers passed Saturday, sending the measure to Gov. Gavin Newsom, who has championed it as a crucial tool to respond to the Trump administration’s environmental rollbacks. The Democrat-dominated Legislature …
POSTED SEPTEMBER 15, 2025 4:32 PM |
Six States to Receive Federal Disaster Aid From Summer Floods
President Donald Trump has approved federal disaster aid for six states and tribes following storms and floods that occurred this spring and summer. The disaster declarations, announced Thursday, will allow federal funding to flow to Kansas, North Carolina, North Dakota …
POSTED SEPTEMBER 15, 2025 4:29 PM |
School Bus Carrying Oklahoma Softball Team Crashes, Injuring 7
A school bus carrying softball team members in Oklahoma crashed into a deer and overturned, ejecting some passengers and injuring seven people, the state highway patrol said. The crash happened Monday night on State Highway 152 near Minco in Grady …
POSTED SEPTEMBER 15, 2025 4:26 PM |
Trump Files to Cancel Approval of Maryland Offshore Wind Farm
The Trump administration asked a federal court to cancel the approval of a $6 billion wind project planned off the coast of Maryland as part of a wider effort to halt the development of the offshore clean- energy resource. The …
POSTED SEPTEMBER 15, 2025 3:07 PM |
US Political Violence Surges to Record, Bloomberg Analysis Shows
Political violence in a polarized US is surging, with the past five years of assassinations and attempts on the lives of politicians the highest on records dating back to the 1960s, a Bloomberg Geo-Economic analysis shows. Since the start of …
POSTED SEPTEMBER 15, 2025 2:35 PM |
Exclusive Member of Reinsurance Class of 2025: Duperreault’s Cedar Trace
There are certain traits of hard reinsurance market cycles: prices rise, terms and conditions tighten, and new Bermuda reinsurers are formed to help fill capacity needs — known in the past by the market as the “class of 1992,” “class …
POSTED SEPTEMBER 15, 2025 2:32 PM |