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Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says
The peak of tornado season may be behind us, but the eastward expansion of what has been traditionally known as Tornado Alley into more populated areas may continue raising insurance risk for some time. Record tornado activity in Illinois, Indiana, …
POSTED AUGUST 14, 2026 7:07 AM |
US Climate Prediction Center Sees 69% Chance of Historic El Niño
The El Niño building in the Pacific Ocean is increasingly expected to reach a strength not seen in 76 years of record keeping. “During the October-December 2026 season, there is a 69% chance of a historic event that would exceed …
POSTED AUGUST 14, 2026 5:14 AM |
Almost All Top US Companies Had Board Diversity Rules. Now Most Are Gone
Three years ago, nearly every major US company explicitly considered diversity when choosing new directors. Now, most don’t. In all, 61 S&P 100 companies have dumped explicit diversity criteria for future board members since 2023, according to an ESGAUGE analysis …
POSTED AUGUST 14, 2026 5:07 AM |
Cargo Thefts Drop in Q2 but Losses More Than Double
Cargo theft incidents were down 26% in the second quarter 2026 compared with the same time a year ago but it turns out that thieves stole expensive items as losses reached over $300 million. According to a report from Verisk’s …
POSTED AUGUST 14, 2026 5:06 AM |
Aon’s NFP Buys Cannabis Business From Frontier Risk
NFP, a subsidiary of Aon, the international insurance broker, announced it has acquired the retail cannabis business of Frontier Risk Group, a specialty insurance company that has focused on the marijuana industry. Frontier is based in Norwalk, Connecticut. Eric Scheider, …
POSTED AUGUST 14, 2026 5:02 AM |
Lindberg’s Right-Hand Man Sentenced to Two Years After Cooperating With Prosecutors
Almost four years after he pleaded guilty, the top associate to convicted briber, insurance entrepreneur and fraudster Greg Lindberg has been sentenced to two years in prison. Christopher Herwig, who was chief investment officer for Lindberg’s Eli Global and other …
POSTED AUGUST 14, 2026 5:02 AM |
Safety Agency Reports on 2025 Blast at Pennsylvania Steel Plant That Killed 2
A federal safety agency recommended the development of written policies and procedures for flushing gas valves a year after a blast at a U.S. Steel plant near Pittsburgh killed two workers. The U.S. Chemical Safety and Hazard Investigation Board issued …
POSTED AUGUST 14, 2026 5:00 AM |
People Moves: IMA Appoints Schwartz New Leader for Washington Market
IMA Financial Group Inc. named Karen Schwartz as Washington market president. She leads IMA’s Washington market strategy, focusing on strengthening collaboration across business lines, partnering with property/casualty and employee benefits teams and producers. Schwartz has nearly 15 years of insurance …
POSTED AUGUST 14, 2026 5:00 AM |
California Advances Bill to Expand Antitrust Enforcement Law
A major expansion of California’s antitrust laws advanced in the state legislature Thursday despite opposition from business leaders and some government officials. The state Senate Appropriations Committee moved the bill, AB 1776, to the full chamber, where it must pass …
POSTED AUGUST 14, 2026 5:00 AM |
NJ School Board Not Liable for Boy’s Shooting at Football Game With No Metal Detectors
A New Jersey public school district has been found not liable for the fatal shooting of a 10-year old boy at a high school football game where security did not include metal detectors to screen attendees. The boy’s mother and …
POSTED AUGUST 14, 2026 5:00 AM |
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