Insurance

Searing Heat in California and West Threatens to Break Temperature Records

A short-lived heat wave will send temperatures soaring across California and the U.S. West through the weekend, elevating power demand and raising the risk of health impacts. At least 26…

fastnewsbreak May 29, 2025

Insurance

AM Best Revises Outlook to Negative for Oklahoma Farm Bureau Mutual

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the…

fastnewsbreak May 29, 2025

Insurance

Aviation insurance’s soft landing may be cut short by tariffs

The biggest concern for underwriters like Howard isn’t just tariffs alone, it’s how they amplify existing inflationary pressures on parts, labor, and claims payouts. Aviation insurance, particularly for smaller operators…

fastnewsbreak May 29, 2025

Insurance

Victoria’s Secret Website Down as Lingerie Seller Addresses ‘Security Incident’

Victoria’s Secret has taken down its U.S. website and says some in-store services will be unavailable as it addresses an unspecified “security incident.” A message to customers remained in place…

fastnewsbreak May 29, 2025

Insurance

New York Legislature rewrites firefighter group’s rules to get access to insurance tax funds

A legislative refresh is breathing new life into a decades-old charter in Thornwood, New York. Senate Bill S8232, introduced on May 27, 2025, updates the 1945 founding law of the…

fastnewsbreak May 29, 2025

Insurance

New York Times Agrees to License Content to Amazon for AI Use

The New York Times Co. has reached a deal to license its editorial content to Amazon.com Inc. for use across its artificial intelligence platforms, marking the first such agreement the…

fastnewsbreak May 29, 2025

Insurance

SC Governor Celebrates Dram Shop-Tort Reform Law But Some Want More

South Carolina’s governor has signed a liquor liability and tort-reform bill into law, but some lawmakers said broader changes to the state’s legal system are needed. Senate Majority Leader Shane…

fastnewsbreak May 29, 2025

Insurance

Nurse Showed COVID Was Work-Contracted, West Virginia Supreme Court Rules

The West Virginia Supreme Court has ruled 3-2 that a prison nurse is entitled to workers’ compensation benefits for her COVID-19 disease because she provided sufficient evidence that she contracted…

fastnewsbreak May 29, 2025

Insurance

US Court Blocks Most Trump Tariffs, Says President Exceeded His Authority

A U.S. trade court blocked most of President Donald Trump’s tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports…

fastnewsbreak May 29, 2025

Insurance

Louisiana governor signs sweeping tort reform package

The new legislation, Landry explained, is aimed at reining in what he described as “a cultural problem of frivolous litigation,” driven in part by lawyer advertising. He noted that while…

fastnewsbreak May 29, 2025