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Settlement Approved for New Orleans Archdiocese to Pay Hundreds of Abuse Victims
Insurance Journal | December 10, 2025
Settlement Approved for New Orleans Archdiocese to Pay Hundreds of Abuse Victims
he New Orleans Archdiocese will pay at least $230 million to hundreds of victims of clergy sexual abuse under a settlement approved Monday by a federal judge that follows years of negotiations. Richard Trahant, an attorney representing victims in the …
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims
Insurance Journal | December 10, 2025
Hartford: 10-Year Analysis Shows Shifts in Common, Expensive Small-Business Claims
Liability risks for small businesses have shifted over the last decade, with fire and slip-and-falls becoming more expensive while water and freezing damage claims are now the most common type of claim. The Hartford analyzed more than one million small-business …
Markets/Coverages: MGA Navium Launches Consortium for Pre-Launch Satellite Risks
Insurance Journal | December 10, 2025
Markets/Coverages: MGA Navium Launches Consortium for Pre-Launch Satellite Risks
Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, announced the launch of the “Constellation Consortium,” which it described as “the largest satellite pre-launch consortium in the Lloyd’s market.” With the global satellite sector continuing …
FEMA Adds Another $33M for Helene Recovery in North Carolina
Insurance Journal | December 10, 2025
FEMA Adds Another $33M for Helene Recovery in North Carolina
The Federal Emergency Management Agency announced another $33 million in Hurricane Helene recovery projects in North Carolina, bringing the agency’s total spending on public assistance grants since the storm to more than $1 billion. The funding is on top of …
Texas Plan to Stop Parasitic Fly From Destroying Cattle Population Is Not Complete
Insurance Journal | December 10, 2025
Texas Plan to Stop Parasitic Fly From Destroying Cattle Population Is Not Complete
As Mexican officials battle the spread of New World Screwworm, Texas officials are still working to finalize a response plan that would be enacted should the parasitic fly spread into the state. Texas lawmakers questioned state and federal officials on …
US Slaps New Charges on Ukrainian Over Russian Cyberattacks
Insurance Journal | December 10, 2025
US Slaps New Charges on Ukrainian Over Russian Cyberattacks
The US Department of Justice unveiled additional charges against a Ukrainian woman accused of supporting Russian state-backed cyberattacks against critical infrastructure. Victoria Eduardovna Dubranova, 33, was indicted on Tuesday over her alleged links to a Moscow-sponsored group, the DOJ said …
Massachusetts Asks Judge to Block Kalshi From Operating Sports-Prediction Market
Insurance Journal | December 10, 2025
Massachusetts Asks Judge to Block Kalshi From Operating Sports-Prediction Market
addictioA Massachusetts judge on Tuesday questioned whether prediction-markets operator Kalshi could legally offer the state’s residents the ability to place financial bets on something as “trivial” as who wins sporting events without running afoul of gaming regulators. Suffolk County Superior …
WTW to Acquire Newfront in Deal Worth Up to $1.3B
Insurance Journal | December 10, 2025
WTW to Acquire Newfront in Deal Worth Up to $1.3B
Broker WTW said it has a definite agreement in place to acquire Newfront for up to $1.3 billion in a move to expand its middle-market reach in specialties such as technology, fintech, and life sciences. The transaction is expected to …
Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown
Insurance Journal | December 10, 2025
Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown
Truck drivers are encountering a new risk on the highway: Law enforcement officers are empowered by the Trump administration to pull them off the road if they fail an English test. The government argues the rules are critical to safety. …
EU Strikes Deal on Climate Target to Cut Emissions by 90% by 2040
Insurance Journal | December 10, 2025
EU Strikes Deal on Climate Target to Cut Emissions by 90% by 2040
The European Union agreed on Wednesday to set a legally binding climate target to reduce greenhouse gas emissions by 90% from 1990 levels by 2040, and buy foreign carbon credits to cover 5% of the emissions cuts, goals that fell …