Author: completebodyneeds
The U.S. will resume importing a limited amount of cattle from Mexico, the U.S. Department of Agriculture announced Friday. The decision comes as a flesh-eating parasite outbreak continues. In a statement, U.S. Secretary of Agriculture Brooke Rollins said it is a coordinated reopening of the port in Douglas, Arizona, that will occur in phases beginning Aug. 24. It is also contingent on Mexico adhering to a joint action plan between the countries in response to the New World screwworm. Rollins said the closure was previously necessary to protect the livestock industry. As of Friday, there has been 42 cases in…
More than a third of Americans are facing a scorching heat that threatens to topple temperature records and stress power grids as homeowners and businesses crank up air conditioners to seek relief. More than 134 million people are under some sort of heat warning or advisory across the US on Monday, with the bulk of them caught in an unbroken stretch of heat stretching from the central to southern US, according to the National Weather Service. “It’s a big area across the middle section of the country,” said Bob Oravec, a senior branch forecaster at the US Weather Prediction Center.…
The industry trades have come out to support the latest effort on Capitol Hill to thwart staged accidents. Sen. Ashley Moody on July 22 introduced the Staged Accident Fraud Prevention Act. About a year ago, Representatives Mike Collins and Brandon Gill unveiled a companion bill in the House. “Every day, staged accidents and fraudulent schemes put innocent lives at risk and raise costs for every American. The Staged Accident Fraud Prevention Act will help coordinate law enforcement in combatting these sophisticated crime rings and bring the weight of federal law to stopping them,” said Jimi Grande, senior vice president of…
Record levels of reinsurance capital and strong reinsurer profits are driving increasing reinsurer risk appetites and softening prices during the midyear renewals, according to reinsurance brokers in their respective market reports. “In the traditional property market, abundant reinsurer capacity continues to drive a progressively competitive pricing environment,” said Guy Carpenter, the reinsurance brokerage business of Marsh. “Risk-adjusted decreases have deepened since January 1, 2026, with the global property catastrophe rate-on-line index down -16%.” While specialty reinsurance renewals continued a similar softening trend, Guy Carpenter said, significant loss development from the 2024 Francis Scott Key Bridge collapse in Baltimore is expected…
National Amy Shinkman Corporate & Specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Amy Shinkman as credit and political risk lead at HDI Global US. Based in Washington, D.C., Shrinkman has over 25 years of experience in global credit and political risk underwriting. In her new role, she will lead the development of HDI Global’s credit and political risk business in the U.S. Most recently, Shinkman served as the vice president of export credit insurance at the Export-Import Bank of the US (EXIM),. Prior to EXIM, she held positions with AIG and Atradius, in both London and Singapore.…
As the demographic of the average American renter changes, so too do their insurance needs. Renters today tend to be older with higher incomes and stronger credit profiles, and they often remain at the same address for several years, according to a recent report from TransUnion. The median renter is now 40 years old with a $56,000 household income and a TransUnion proprietary credit score of 652, the report found. Insurers’ views of renters as less-than-desirable consumers are long outdated, said Patrick Foy, senior director for TransUnion’s insurance business. “There’s been a shifting of homeowners to renters of some of…
New Hampshire officials ere investigating a fire on board The Dive, a floating bar and restaurant on Lake Winnipesaukee. The State Police Marine Patrol received reports of a fire on board The Dive, a floating bar and restaurant, which was anchored at the Smalls Cove sandbar and open for business at the time. The marine officers and firefighters from Alton, Gilford, Tuftonboro, and Wolfeboro responded with various resources, including fireboats, and ultimately knocked down the flames. No injuries were reported. State Fire Marshal Sean P. Toomey said his office has assumed lead of the investigation into the origin and cause…
Tampa-based Praxis Reciprocal Exchange, approved to do business in Florida in September 2025, has named Ross Bowie chief executive officer, the company announced. Bowie comes to Praxis after two years as president, chief risk officer, then CEO of Private Client Select Insurance Services, a joint venture between AIG and Stone Point Capital that focuses on high-net-worth individuals. Before that, he was president of Orchid Insurance. Bowie will now be CEO of PRE Risk Management, the attorney-in-fact that manages Praxis, as well as head of PRE MGA Holdings. Bowie “In our first year we moved from formation to launch on an…
A Massachusetts jury has awarded $56 million to a 78-year old man who suffered catastrophic physical and brain injuries after his car was hit by an Amazon delivery van in 2024. In addition to the amount of the award, the case is notable for defendant Amazon Logistics stipulating to agency liability for the tragic accident after Amazon previously insisted it was not vicariously liable. Amazon had denied it was liable because the driver responsible for the accident was not an employer of Amazon directly but was instead an employee of Agora Logistics LLC, an Amazon independent delivery service partner and…
French Finance Minister Roland Lescure said wildfires in the southwest are a major economic setback for the region as businesses and tourists were forced to evacuate. “Everyone is fully mobilized in response to the ecological and social disaster,” Lescure said after a meeting with insurance companies at the finance ministry. “But it’s also an economic thunderbolt hitting a region that did not need it.” “Fires — although they account for only 4% of claims — generate the second-highest cost for home insurance, representing some 25% of the total, according to a report released in 2025 by the French insurance federation.”…
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