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US-Iran Clashes Escalate as Fears Grow of Extended Conflict
Fighting between the US and Iran over control of the Strait of Hormuz intensified after a period of relative calm, triggering a fresh jump in energy prices as fears grow of an open-ended war. The US military carried out a …
POSTED SEPTEMBER 02, 2026 4:44 PM |
People: Builders Insurance Names Jasmund Board Chairman
Atlanta-based Builders Insurance Group has named David Jasmund, a longtime board member and investment banker, as chairman of the board. Jasmund succeeds Charles Potok, who retired last month after three years as chairman, the company said in a news release. …
POSTED SEPTEMBER 02, 2026 4:41 PM |
Tech Update: Howden Re Offers Property-Level Modeling for SRCC Risks
Howden Re, the reinsurance arm of insurance broker Howden, is partnering with the modeling company Synthetik Insurance Technologies, to launch an analytical tool designed to help insurers and reinsurers better understand, quantify, and manage strikes, riots and civil commotion (SRCC) …
POSTED SEPTEMBER 02, 2026 4:24 PM |
Texas A&M Forest Service Launches Prescribed Burn Manager Insurance Program
The Texas A&M Forest Service launched an insurance program this week to provide liability protection for qualified certified and insured prescribed burn managers (CIPBMs). The Texas Prescribed Burn Manager Insurance Program was created in response to a recent House Bill …
POSTED SEPTEMBER 02, 2026 3:41 PM |
Florida Citizens Awards Commercial Clearinghouse Management to Bridge Specialty
Despite months of lobbying and significant political campaign contributions by Ryan Turner Specialty brokerage, the winning bid for management of part of a Florida Citizens Property Insurance commercial clearinghouse has been awarded to another brokerage. At a meeting Tuesday, Citizens …
POSTED SEPTEMBER 02, 2026 3:29 PM |
Severe Thunderstorms Threaten From Great Lakes to New Jersey
Another round of severe thunderstorms is threatening the US and Canada, from the Great Lakes to New Jersey, promising to disrupt flights and cause power outages. There is a level two risk of severe thunderstorms from Michigan to New Jersey …
POSTED SEPTEMBER 02, 2026 3:17 PM |
People Moves: Cincinnati Insurance Chief Claims Officer Schambow to Retire, McMillan to Assume Responsibilities
Cincinnati Financial Corporation announced that Marc J. Schambow, CPCU, AIM, ASLI, chief claims officer for its property casualty subsidiaries, led by The Cincinnati Insurance Company, will retire in January 2027. Schambow has served as Cincinnati’s top claims officer since 2020, …
POSTED SEPTEMBER 02, 2026 3:11 PM |
Kansas Woman Sentenced to Probation for Insurance Fraud
Kansas Insurance Commissioner Vicki Schmidt announced an Atchison County woman has been sentenced to 12 months of probation for insurance fraud. Amber Conner, aged 30, pleaded guilty on July 13, 2026, in Atchison County District Court to one felony count …
POSTED SEPTEMBER 02, 2026 3:04 PM |
Edouard Causes Life-Threatening Flooding in East Texas
Life-threatening flash flooding was hitting areas of East Texas north of Beaumont early Wednesday morning, as more than 20 inches of rain had fallen from the remnants of Tropical Storm Edouard in some places, federal forecasters said. At least one …
POSTED SEPTEMBER 02, 2026 3:02 PM |
Ships Adopt Makeshift Anti-Drone Defenses as Black Sea Attacks Intensify
Tankers and cargo ships are transiting the Bosphorus strait adorned with nets, water tanks and tires to try to fend off growing Russian and Ukrainian drone strikes in the Black Sea, according to security experts and video obtained by Reuters. …
POSTED SEPTEMBER 02, 2026 2:37 PM |
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