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Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens
Insurance Journal | October 30, 2025
Hurricane Melissa Wreaks $8 Billion of Damage, Kills Dozens
The devastation from Hurricane Melissa came into focus after the record-setting storm moved past Jamaica, Haiti and Cuba with at least 33 deaths and almost $8 billion of damage in its wake. Across the Caribbean, the storm’s powerful winds have …
EverPeak Launches Workers’ Comp in Arkansas
Insurance Journal | October 30, 2025
EverPeak Launches Workers’ Comp in Arkansas
EverPeak Insurance announced the launch of its workers’ compensation solution in Arkansas. “Arkansas is powered by its small business community, and we recognize the critical need for accessible, reliable, and high-quality workers’ compensation coverage right here in the state,” said …
Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
Insurance Journal | October 30, 2025
Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
Independent adjusters’ claims that some Florida insurance companies had tampered with their damage estimates continue to trickle through courthouses and state agencies, with final resolutions far from certain or still months or years in the future. The latest developments include: …
Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
Insurance Journal | October 30, 2025
Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
Predictions marketplace Kalshi Inc. sued New York’s gaming commission, saying the state agency is overstepping its authority by attempting to regulate sports-betting operations that fall exclusively under federal jurisdiction. In a lawsuit filed Monday in Manhattan US District Court, Kalshi …
People Moves: Aspire Promotes Alam to Chief Financial Officer
Insurance Journal | October 30, 2025
People Moves: Aspire Promotes Alam to Chief Financial Officer
Aspire General Insurance Services promoted Bilal Alam to chief financial officer. Alam has been with Aspire since January 2023, joining the firm as chief information officer and most recently serving as chief risk officer, where he oversaw the risk, actuarial, …
SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
Insurance Journal | October 29, 2025
SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
Insurance Journal | October 29, 2025
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
Starr, a global investment and insurance organization, announced it has entered a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines data and analytics with underwriting expertise. Financial terms of the transaction were not been …
South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
Insurance Journal | October 29, 2025
South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
A new class-action lawsuit, if successful, could require the California owner of former military munitions bunkers near Edgemont to pay more than $17 million to people who rent the so-called igloos for use as homes or shelters to protect them …
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
Insurance Journal | October 29, 2025
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
A Florida appeals court today struck down the $200 million verdict against John’s Hopkins All Children’s Hospital in the Maya Kowalski negligence lawsuit, a case that had gained worldwide attention and was the subject of a Netflix documentary. “The trial …
Renaissance Acquires Insurance Services of The West
Insurance Journal | October 20, 2025
Renaissance Acquires Insurance Services of The West
Renaissance acquired the agency network business of Insurance Services of the West LLC, doing business as Insurance Agency Network in Washington. IAN is a membership organization with more 70 members representing a reported $400 million in premium. IAN is the …