Insurance Journal

Credit Suisse, SoftBank Fight Over Greensill Losses in $440 Million London Lawsuit

Credit Suisse’s $440 million London lawsuit against Japan’s SoftBank Group Corp. kicked off on Thursday over losses linked to Greensill Capital, with the collapsed finance firm’s founder Lex Greensill expected to give evidence next...

Posted: Jun 06, 2025

New Zealand All Blacks Rugby Team Agrees Sponsorship Deal With Broker Gallagher

New Zealand Rugby agreed a sponsorship deal with Gallagher insurance that will give the US-based insurance brokerage naming rights on the playing kit of the All Blacks rugby team. Gallagher’s brand will appear on training and match-day shorts o...

Posted: Jun 06, 2025

Cyber Incidents in Canada Triple in 2 Years: QBE Research

Significant cyber incidents have tripled in two years in Canada, driven by technological, socioeconomic and geopolitical factors such as the war in Ukraine, according to research from commercial insurer QBE. Disruptive, globally significant and succe...

Posted: Jun 06, 2025

Senators Propose Air Safety Reforms for National Airport After Fatal Collision

A group of seven Democratic senators on Thursday introduced sweeping air safety legislation after a fatal collision between an Army helicopter and an American Airlines regional jet in January near Reagan Washington National Airport killed 67 people....

Posted: Jun 06, 2025

Satellite Data Capturing Burned Acres Show Canada Wildfire Season off to Wild Start

While images of wildfires capture their ferocity, data can provide insight into how bad a fire season is. Such is the case with two graphics, powered by satellite data, that showcase a Canadian wildfire season off to a wild — …

Posted: Jun 06, 2025

Crews Work to Contain Diesel Fuel Spill in Baltimore Harbor

State, city and U.S. Coast Guard crews of more than 100 people worked overnight to contain and clean up a 2,000-gallon diesel fuel spill in Baltimore’s harbor. On Wednesday at 11 a.m., first responders received what Johns Hopkins Hospital belie...

Posted: Jun 06, 2025

Russia’s Aeroflot to Settle Deals for Last 36 Planes Leased From West

Russian flag carrier Aeroflot expects to sign settlement deals with Western insurers and leasing firms on the last 36 planes from a total of 228 aircraft it agreed to buy, Aeroflot head Sergei Aleksandrovski told Russian newspaper Kommersant. Aircraf...

Posted: Jun 06, 2025

World’s Auto Supply Chain Is in Hands of a Few Chinese Bureaucrats

In a hulking grey building just east of Tiananmen square in Beijing, a small team in China’s Ministry of Commerce is deciding the fate of the global auto industry, one rare earth magnet export permit at a time. China holds …

Posted: Jun 06, 2025

Viewpoint: Fixing the Claims Experience Where It Matters Most – In the Mess

Before becoming a parent, I thought I could plan for everything. There are books, blogs and apps galore. My prediction was that I could stay ahead of the chaos if I studied, prepared enough and followed the proper steps. Then …

Posted: Jun 06, 2025

Reddit Sues Anthropic, Says AI Company Exploited User Data

Reddit Inc. sued artificial intelligence firm Anthropic, saying it has used the social media company’s content without permission to train its AI models. The lawsuit, which was filed Wednesday in San Francisco Superior Court, alleges that Anthr...

Posted: Jun 06, 2025

Supreme Court Spares US Gun Companies From Mexico’s lawsuit

The U.S. Supreme Court on Thursday spared two American gun companies from a lawsuit by Mexico’s government accusing them of aiding illegal firearms trafficking to drug cartels and fueling gun violence in the southern neighbor of the United Stat...

Posted: Jun 06, 2025

After $66M Florida Boat Crash Award, Judge Says TPA Can’t Halt Claims Adjustments

South Florida residents will likely remember Aaron Hirschhorn, the successful Miami entrepreneur who launched a dog-sitting service then won a big investment for a stem-cell therapy for dogs when he appeared on the “Shark Tank” TV show in...

Posted: Jun 06, 2025

Napa Town That Once Rode out Emergencies with Diesel Gets Clean-Power Backup

For residents of this quaint tourist town on the northern edge of Napa Valley, the threat of wildfire is seldom out of mind. The hillside bears burn scars from a 2020 fire that forced all of Calistoga to evacuate, and …

Posted: Jun 06, 2025

LA County to Pay $2.7M to Teen Attacked in ‘Gladiator Fights’

Los Angeles County agreed to pay $2.7 million to a teenager who was attacked by at least six other young people at a juvenile detention center in so-called “gladiator fights” that were allegedly facilitated by probation officers. The boy&...

Posted: Jun 06, 2025

Historic Hudson River Lighthouse Vandalized and Set on Fire

A group of four men broke into a historic New York lighthouse along the Hudson River, set a fire and vandalized the interior, destroying valuable antiques, furniture and other items. The Tarrytown Lighthouse in Sleepy Hollow, built in 1883 and &#8230...

Posted: Jun 06, 2025

Viewpoint: Understanding the Future of Insurance by Studying the Past

One of the things I love about the insurance business is that anyone—regardless of where they start—can build a meaningful, lifelong career. I am proof of that. In our industry, your ability to reach your potential is a function of …

Posted: Jun 06, 2025

Trump Administration Targets Connecticut Town Over Transgender Athlete Policies

A school system in Connecticut that’s at the center of an ongoing legal fight over allowing transgender student athletes to participate in competitive girls’ sports is being investigated by the Trump administration, the U.S. Department of...

Posted: Jun 06, 2025

Inside the $455M Cargo Theft Surge – 4 Ways to Protect Your Fleet

This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high in 2024 – up 26% from 2023, with total reported losses of $455 million. The average estimated value per theft rose 7.7% …

Posted: Jun 05, 2025

Monarch E&S Acquires Market Finders in New Mexico

Monarch E&S Insurance Services acquired Market Finders Inc. in Albuquerque, New Mexico. MFI is a managing general agent and wholesale broker founded in 1971. MFI specializes in both personal and commercial lines, including transportation risks. T...

Posted: Jun 05, 2025

Minnesota’s The Builders Group Goes Live on Insurity’s Workers Comp Suite

Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the...

Posted: Jun 05, 2025

People Moves: RT Specialty Tabs David Derigiotis to Lead New Detroit Office

RT Specialty, a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, announced that it has opened an office in Detroit and hired David Derigiotis as EVP and office president. Derigi...

Posted: Jun 05, 2025

Deadly Flash Flooding Claims Life in Dallas As Severe Weather Hits Central U.S.

One person has died after severe weather tore through parts of the central U.S., including heavy rain in Dallas, a tornado that touched down in the Kansas City area and flash flooding in Kansas that forced firefighters to rescue dozens …

Posted: Jun 05, 2025

BlackRock Escapes Texas Oil-Boycott List After ESG Retreat

BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run i...

Posted: Jun 05, 2025

AI’s Need for Power Spurs Return of Dirty Gas Turbines

If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch...

Posted: Jun 05, 2025

Chinese Hacked US Telecom a Year Before Known Wireless Breaches

Corporate investigators found evidence that Chinese hackers broke into an American telecommunications company in the summer of 2023, indicating the country’s attackers penetrated the US communications system earlier than publicly known. Investi...

Posted: Jun 05, 2025