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Donald Trump Sues Iowa Newspaper Over Pre-Election Poll

Insurance Journal

President-elect Donald Trump sued the Des Moines Register and its pollster for “brazen election interference” in publishing a survey the weekend before the election that showed Democrat Kamala Harris with a surprising lead of three percen...

Posted: Dec 19, 2024

Can China Shield the Biggest Uninsured Economy From Floods?

Insurance Journal

The rivers and canals that meander through Hemudu in southeastern China are a vital source of life and community — they provide income for fishermen, an after-school hangout spot for kids, and define the town’s landscape. But when it rains, &#8...

Posted: Dec 19, 2024

ECB and EIOPA propose EU-level solution to mitigate impact of natural disasters

Reinsurance News

The European Central Bank (ECB) and the European Insurance and Occupational Pensions Authority (EIOPA) have proposed an EU-level approach to reduce the economic impact of natural disasters, building on existing national and EU structures. The prop...

Posted: Dec 19, 2024

European Central Bank Pitches Plan to Boost Insurance Coverage for Climate Losses

Insurance Journal

The European Central Bank and the region’s insurance authority proposed a two-pronged approach to increase insurance coverage for floods, storms and other weather disasters that are increasingly being fueled by climate change. One part of the p...

Posted: Dec 19, 2024

North Dakota Approves Underground Storage for Proposed CO2 Pipeline

Insurance Journal

BISMARCK, N.D. (AP) — North Dakota regulators approved permits last Thursday for underground storage of carbon dioxide delivered through a massive pipeline proposed for the Midwest, marking another victory for a project that has drawn fierce oppositi...

Posted: Dec 19, 2024

Arthur J. Gallagher & Co. Acquires Texas-Based DMc Insurance Partners

Insurance Journal

Arthur J. Gallagher & Co. announced the acquisition of Austin, Texas-based Howe Insurance Group LLC, dba DMc Insurance Partners. Terms of the transaction were not disclosed. DMc Insurance Partners is a personal lines-focused insurance agency serv...

Posted: Dec 19, 2024

MHA names Ahmer Khan UK head of Insurance

Reinsurance News

Accounting and advisory firm MHA, the UK and Ireland member of the Baker Tilly international network, has announced the appointment of Ahmer Khan as its new head of Insurance for the UK. In addition to this, Khan will also become the leader of the...

Posted: Dec 19, 2024

LWCC Acquires North Carolina’s Prescient National

Insurance Journal

The Louisiana Workers’ Compensation Corporation (LWCC) announced that it will acquire all of the outstanding shares of Prescient National Insurance Company (PNIC) based in Charlotte, North Carolina. The transaction is an all-cash transaction, w...

Posted: Dec 19, 2024

CVS Accused of Illegal Opioid Dispensing in Whistleblower Suit

Insurance Journal

CVS Health Corp. pharmacies illegally dispensed controlled substances including opioids, fueling an overdose crisis as short-staffed stores ignored red flags, the US Department of Justice alleged in a lawsuit unsealed Wednesday. The largest US pharma...

Posted: Dec 19, 2024

Amazon Faces Possible Strikes as Christmas Looms

Insurance Journal

Pressure is building on Amazon.com to come to the bargaining table with the Teamsters union as thousands of workers threaten to strike during the retailer’s busy holiday selling season. Workers in New York City, southern California and Skokie,...

Posted: Dec 19, 2024

Three Dozen High-Rise Buildings in South Florida are Sinking, Study Says

Insurance Journal

SUNNY ISLES BEACH, Fla. (AP) — Almost three dozen high-rise condos and luxury hotels along the beach in South Florida are sinking or settling in unexpected ways, in some cases because of nearby construction, according to a new study. The …

Posted: Dec 19, 2024

Three Dozen High-Rise Buildings in South Florida Are Sinking, Study Says

Insurance Journal

SUNNY ISLES BEACH, Fla. (AP) — Almost three dozen high-rise condos and luxury hotels along the beach in South Florida are sinking or settling in unexpected ways, in some cases because of nearby construction, according to a new study. The …

Posted: Dec 19, 2024

Red Solo Cup Shooting Case Raises Thorny Questions About Course of Employment

Insurance Journal

It is safe to say most of us have enjoyed a beverage, adult or otherwise, in a red Solo cup. When we hear “Solo Cup,” many of us think of tailgates, picnics, or perhaps the late Toby Keith’s song “Red …

Posted: Dec 19, 2024

New Jersey Eyes Fees on Oil and Gas Producers for Climate Superfund

Insurance Journal

It’s not an accident that “The Sopranos,” the quintessential show about New Jersey, opens with its main character driving past gasoline and oil storage tanks along the New Jersey Turnpike. From the outskirts of New York to the Delaw...

Posted: Dec 19, 2024

Jury Finds Vegas Police Fabricated Evidence in Killing, Awards $34M to Exonerated Woman

Insurance Journal

A federal jury in Nevada has awarded more than $34 million to a woman who was arrested at age 18, wrongly convicted twice, and served nearly 16 years in a Nevada state prison for a 2001 killing she did not …

Posted: Dec 19, 2024

Arthur J. Gallagher & Co. Acquires Indiana’s Schuetz Insurance

Insurance Journal

Arthur J. Gallagher & Co. announced the acquisition of Indianapolis, Indiana-based M.J. Schuetz Insurance Services Inc. (Schuetz Insurance). Terms of the transaction were not disclosed. Schuetz Insurance provides property/casualty, surety and bon...

Posted: Dec 19, 2024

EPA Approves California’s Plan to Ban Sale of Gas-Only Cars in 2035

Insurance Journal

The U.S. Environmental Protection Agency said on Wednesday it has approved California’s landmark plan to end the sale of gasoline-only vehicles by 2035. The decision in the final weeks of President Joe Biden’s administration sets up a fig...

Posted: Dec 19, 2024

ICEYE raises total of $158m in 2024 with recent $65m funding

Reinsurance News

ICEYE, a provider of satellite-based disaster management solutions, has closed a $65 million extension of the company’s existing growth funding round of $93 million, announced in April 2024. This funding round extension – which included part...

Posted: Dec 19, 2024

Washington Commissioner Fines PacificSource, Delta Dental, Lemonade, Others

Insurance Journal

Washington Insurance Commissioner Mike Kreidler issued fines totaling $576,500 against insurance companies, agents, brokers and unlicensed entities in October and November of 2024 for violations of state insurance laws and regulations. The fines incl...

Posted: Dec 19, 2024

US Government Tells Officials, Politicians to Ditch Regular Calls and Texts

Insurance Journal

The U.S. government is urging senior government officials and politicians to ditch phone calls and text messages following intrusions at major American telecommunications companies blamed on Chinese hackers. Right now. In written guidance released on...

Posted: Dec 19, 2024

4 Ways a Bank Loan Can Fuel Agency Growth in 2025

IA Magazine

Bank lending can serve as a powerful tool for various purposes, from perpetuating an agency through strategic acquisitions to investing in cutting-edge technology.

Posted: Dec 18, 2024

Commercial Property Insurance Shows Signs of Improvement, Stable Growth, Says New Triple-I Brief

Insurance Information Institute

New York Press Office: Loretta Worters, 917-208-8842, [email protected]     MALVERN, Pa., Dec. 19, 2024 – Despite challenges posed by external factors, such as climate risk and inflation, the U.S. commercial property insurance segment shows signs of t...

Posted: Dec 18, 2024

Rep. French Hill to Chair House Financial Services Committee

IA Magazine

Rep. Hill currently serves as Vice Chairman of the House Financial Services Committee and serves as Chairman of the House Subcommittee on Digital Assets, Financial Technology and Inclusion.

Posted: Dec 18, 2024

Top 10 Most-Read Online Articles in Independent Agent in 2024

IA Magazine

Independent Agent magazine provided coverage and analysis for several key regulatory issues that impacted agencies and their clients—most notably, the FTC noncompete agreement ban saga.

Posted: Dec 18, 2024

Tokio Marine North America Services Selects Earnix

IIR

With Earnix TMNAS will develop a centralized rate repository with access to sophisticated pricing and rating strategies, ensuring speed-to-market for the business TMNAS manages.

Posted: Dec 18, 2024

NFIP Lapse Possible as Congress Considers Funding Legislation

IA Magazine

As of press time, Congress has yet to pass government funding legislation to keep the federal government open beyond Friday, Dec. 20. The National Flood Insurance Program (NFIP) is currently scheduled to expire on the same date.

Posted: Dec 18, 2024

Reimagining the Role of the Claims Professional with GenAI

IIR

Today, GenAI is creating new opportunities to augment the capabilities of adjusters, appraisers, examiners, and investigators, making them more efficient and effective, even in the face of increasing workloads.

Posted: Dec 18, 2024

Highstreet Acquires Texas’ Collum Insurance Group

Insurance Journal

Highstreet Insurance Partners announced today its acquisition of Collum Insurance Group, LLC based in Richardson, Texas. Along with Collum’s 35 years of personal lines expertise, this transaction adds an additional location to Highstreet’...

Posted: Dec 18, 2024

Zurich launches digital solution to help customers uncover climate risks

coverager

Climate Spotlight provides climate risk insights for strategic decisions and reporting.

Posted: Dec 18, 2024

Are your legacy systems keeping your applicants in the dark?

coverager

It doesn’t matter where an eApp started. Your Life and Annuity agents and applicants know the status!

Posted: Dec 18, 2024

AI Revolutionizes Auto Insurance Via Real-Time Data

Insurance Thought Leadership

AI Revolutionizes Auto Insurance Via Real-Time Data AI & Machine Learning

Posted: Dec 18, 2024

The Next Revolution in AI

Insurance Thought Leadership

The Next Revolution in AI Agent & Broker sradomski

Posted: Dec 18, 2024

Tech Helps Small Firms on Insurance Decisions

Insurance Thought Leadership

Tech Helps Small Firms on Insurance Decisions Agent & Broker

Posted: Dec 18, 2024

AI Reshapes Future of Workers' Comp

Insurance Thought Leadership

AI Reshapes Future of Workers' Comp AI & Machine Learning

Posted: Dec 18, 2024