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Black Sea Shipping Insurance Rates Rise After Ukraine Attacks on Tankers, Sources Say

Insurance Journal

The cost of shipping commodities through the Black Sea climbed on Monday after Ukrainian naval drones hit two tankers heading to a Russian port, with fears of further attacks driving up war risk insurance costs, industry sources said. The Black &#823...

Posted: Dec 02, 2025

Heimann to develop European MGA practice for Augment Risk

Reinsurance News

Augment Risk, a risk capital and reinsurance solutions broker, has appointed Magnus Heimann as Partner for MGA, effective immediately. He will develop the firm’s European MGA presence, partnering with coverholders, capacity providers, and re...

Posted: Dec 02, 2025

mea Platform and Regenvita parter to drive AI adoption in Scandinavian insurance market

Reinsurance News

mea Platform, a company specialising in AI solutions for the insurance industry, and Regenvita Ltd, the advisory firm founded by Clint Sookermany, have entered into a strategic partnership to accelerate artificial intelligence (AI) adoption across...

Posted: Dec 02, 2025

Ben Quah appointed CEO of Asian financial hub Labuan IBFC Inc.

Reinsurance News

Labuan IBFC Inc., an Asian financial hub known for its insurance, reinsurance, Islamic finance, and digital business solutions, has announced the appointment of Ben Quah as its new Chief Executive Officer (CEO). Quah brings over two decades of exp...

Posted: Dec 02, 2025

Director Pleads Guilty to Fraud Over Fake Plane Parts Sales

Insurance Journal

The director of a company at the center of a probe into the sale of counterfeit plane parts pleaded guilty to a charge of fraudulent trading. AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, appeared at Southwark Crown Court on &#8230...

Posted: Dec 02, 2025

Supreme Court Wrestles With Copyright Dispute Between Cox, Record Labels

Insurance Journal

The U.S. Supreme Court grappled on Monday with a bid by Cox Communications to avoid financial liability in a major music copyright lawsuit by record labels that accused the internet service provider of enabling its customers to pirate thousands of &#...

Posted: Dec 02, 2025

Dozens of State Attorneys General Urge Congress Not to Block AI Laws

Insurance Journal

Republican and Democratic attorneys general from 35 states and the District of Columbia urged congressional leaders on Tuesday not to block state laws governing artificial intelligence, warning of “disastrous consequences” if the technolo...

Posted: Dec 02, 2025

In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability

Insurance Journal

He was not covered by workers’ compensation insurance. But he was in the course and scope of employment enough for an employer’s liability insurance exclusion to apply, the U.S. 11th Circuit Court of Appeals, which overturned a lower fede...

Posted: Dec 02, 2025

Connecticut Launches Site to Help Consumers Understand Insurance Needs

Insurance Journal

Connecticut Insurance Department (CID) announced the launch of the Consumer Information Center, an online resource to help citizens better understand and navigate their insurance coverage and make informed decisions about the protection they need. Th...

Posted: Dec 02, 2025

‘Amazon Now’ to Deliver Essentials, Groceries in 30 Minutes in Seattle, Philadelphia

Insurance Journal

Amazon.com said on Monday it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and Philadelphia, as the company doubles down on efforts to grow its domestic footprint. The service, called “Amazon Now...

Posted: Dec 02, 2025

Viewpoint: Bombarded by Fire Lawsuits, Policy Change is Sorely Needed in California

Insurance Journal

Mere days into the new year of 2025, Los Angeles faced the highly destructive Palisades Fire, which destroyed some 6,837 structures, including two public schools, four churches, historical sites and more than 5,400 homes. Now, as a suspected arsonist...

Posted: Dec 02, 2025

Mobile App Maker to Pay $1.4M for Violating California’s Privacy Law

Insurance Journal

A popular mobile video game maker must pay $1.4 million for violations of California’s privacy act. California Attorney General Rob Bonta settled with Jam City Inc. to resolve allegations that the mobile app gaming firm violated the California...

Posted: Dec 02, 2025

Maine to Launch Dashboard Tracking Local Opioid Settlement Spending

Insurance Journal

Local governments across Maine have received just over $22 million in opioid settlement funds from pharmaceutical companies accused of fueling the overdose epidemic, with nearly $54 million more expected over the next decade and a half. The money is...

Posted: Dec 02, 2025

Marsh McLennan Agency Acquires Three Brokerages in Hawaii

Insurance Journal

Marsh McLennan Agency acquired three privately owned Honolulu, Hawaii-based insurance brokerages from Tradewind Group. Collectively, Atlas Insurance Agency, Pyramid Insurance Centre, and IC International created an insurance brokerage presence in the...

Posted: Dec 02, 2025

Starbucks to Pay $38.9 Million to Settle NYC Probe Over Worker Schedules

Insurance Journal

Starbucks has agreed to pay $38.9 million to settle claims by New York City that the coffee chain violated a local law requiring fast food businesses to give workers predictable and stable schedules more than half a million times over …

Posted: Dec 02, 2025

Red Cross leads pilot of parametric flood insurance in Malawi

Reinsurance News

The Malawi Red Cross Society and the Danish Red Cross, in partnership with African Risk Capacity (ARC) Ltd., JBA Global Resilience, the InsuResilience Solutions Fund (ISF), and the Danish Ministry of Foreign Affairs, have piloted Malawi’s first pa...

Posted: Dec 02, 2025

Wealth.com partners with Advyzon

coverager

The integration is in beta with a small group of firms and will roll out more widely later this quarter.

Posted: Dec 01, 2025

Odie steps in as ManyPets exits the US market

coverager

For customers, the renewal process is automatic but optional.

Posted: Dec 01, 2025

“Transformative Growth” program drives profit jump at Allstate

coverager

Total policies in force across the enterprise increased 3.8% to 209.5 million.

Posted: Dec 01, 2025

Nationwide partners with Chrp

coverager

Nationwide now offers the option to complete a guided photo survey through their mobile device.

Posted: Dec 01, 2025

USAA and Nationwide Ranked Best for Disabled Veterans

coverager

Clearsurance.com recently published a review of the top 10 auto insurance providers for disabled veterans. USAA, an insurance provider exclusively for veterans, military members, and their eligible family members, ranked as the number one insurer.

Posted: Dec 01, 2025

Manulife to sell MVI Life in Vietnam to Asahi Life

coverager

Manulife will continue its long-term commitment to Vietnam through Manulife Vietnam.

Posted: Dec 01, 2025

PAUSE AND REFLECT

Rough Notes

Questions to ask as you shift your thoughts from action to reflection Leave your phone on silent, tucked away in your bag, or perhaps even turn it off (gasp)! It’s okay. You’ll be okay. By Meg McKeen, CIC A new year is approaching, signaling a clean...

Posted: Dec 01, 2025

MAKING A DIFFERENCE THROUGH SOCIAL IMPACT

Rough Notes

A closer look at charitable giving in the insurance industry [P]rioritizing the right [charitable] initiatives can foster a healthy team culture, reinforce your company’s mission and, most important, help people who need it the most. By Katy Rodrigue...

Posted: Dec 01, 2025

EMBRACING CONFLICT

Rough Notes

The behavior that will make or break your organization People often think that circumventing conflict keeps relationships strong and supports organizational progress and effectiveness. The opposite is true. Conflict avoidance negatively impacts organ...

Posted: Dec 01, 2025

Burger King Whopper Lawsuit Stalled by Federal Judge

Carrier Management

Burger King Whopper Lawsuit Stalled by Federal Judge A federal judge dealt a...

Posted: Dec 01, 2025