Insurance

Highways Baking at 158F Signal a Red-Hot Summer From China to the US

In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen…

fastnewsbreak June 2, 2025

Insurance

Simplifying Smaller Bid Performance and Payment Bonds for Agents and Contractors

This post is part of a series sponsored by Old Republic Surety. “We’ve targeted tight turnaround times from submission to approval using Old Republic Surety’s (ORS) FastBond process — the…

fastnewsbreak June 2, 2025

Insurance

Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming?

The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since Q2 2020, according to investment banking and financial consulting firm OPTIS Partners. The…

fastnewsbreak June 2, 2025

Insurance

Homeowners Insurance Market Turns Corner

If you write personal lines–or own a home–then you know. Homeowners insurance rates are up–significantly in some states such as Texas. But better news is around the corner judging by…

fastnewsbreak June 2, 2025

Insurance

Asia-Pacific insurers rethink risk amid regulatory and cyber pressures

“The risk landscape for Australian insurers has never been more complex, with heightened cybersecurity threats, macroeconomic and geopolitical uncertainty, continued regulatory scrutiny from [the Australian Securities and Investments Commission (ASIC)…

fastnewsbreak May 30, 2025

Insurance

Former WV Fire Official Sentenced to 33 Months for Arson, Insurance Fraud

A former West Virginia volunteer fire official who pleaded guilty to fraud after burning down his home and misusing the fire department’s credit card has been sentenced to 33 months…

fastnewsbreak May 30, 2025

Insurance

Congress Could Unravel Biden’s Climate Law. Here’s What to Watch.

The Republican-led House of Representatives has narrowly passed a giant tax and spending bill that would end Inflation Reduction Act subsidies for clean power years early. The proposed changes threaten…

fastnewsbreak May 30, 2025

Insurance

Lights, camera… catastrophe? How film productions are navigating climate risk

Location selection and risk mitigation for the film industry In the film industry, tax credits are financial incentives offered by governments, usually at the state, provincial, or national level, to…

fastnewsbreak May 30, 2025

Insurance

EU to Propose More Flexible Climate Goal, Sources Say

The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe’s…

fastnewsbreak May 30, 2025

Insurance

Markel Taps Former RSA Exec Mooney to Succeed Galjaard; AXA XL Reinsurance Names Ivanova as Head of Property, International Reinsurance

This edition of International People Moves details executive appointments at Markel and AXA XL Reinsurance. A summary of these new hires follows here. Markel Taps Former RSA Exec Mooney to…

fastnewsbreak May 30, 2025