Insurance Journal

People Moves: IUA Names Convex’s Butt as Chair as McDonald’s 2-Year Term Ends

International Underwriting Association Names Convex’s Butt as Chair Theo Butt, chief Executive Officer, UK for Convex Insurance, has been elected as the new chair of the International Underwriting Association (IUA). He will take over from Clair...

Posted: Nov 10, 2025

New York Law Requiring Algorithmic Pricing Disclosure Goes Into Effect

New York Attorney General Letitia James has issued a consumer alert encouraging New Yorkers to report companies not disclosing their use of algorithmic pricing, as a new state law requires. Algorithmic pricing allows companies to automatically adjust...

Posted: Nov 10, 2025

Japan Firms Win Big Benefits From Spending on Climate Resilience, CDP Says

Companies in Japan are likely to win greater benefits than global peers from spending on climate resilience, according to CDP, an environmental disclosure nonprofit. Businesses in the nation face disruption risks from issues including earthquakes and...

Posted: Nov 10, 2025

Crews Are Working to Fix Alaska Native Villages Devastated by Floods. But Will Residents Return?

Darrel John watched the final evacuees depart his village on the western coast of Alaska in helicopters and small planes and walked home, avoiding the debris piled on the boardwalks over the swampy land. He is one of seven residents …

Posted: Nov 10, 2025

Crews Work to Fix Alaska Native Villages Devastated by Floods

Darrel John watched the final evacuees depart his village on the western coast of Alaska in helicopters and small planes and walked home, avoiding the debris piled on the boardwalks over the swampy land. He is one of seven residents …

Posted: Nov 10, 2025

People Moves: Wong Named WCIRB Chief Information Officer

The Workers’ Compensation Insurance Rating Bureau of California promoted Christopher Wong to chief information officer. Wong succeeds Eric Riley, who will retire on November 30, following a 39-year career with the WCIRB. Riley held a variety of...

Posted: Nov 10, 2025

MIT Grad Brothers Fraud Jury Unable to Reach a Verdict

A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology, who were accused of stealing roughly $25 million in cryptocurrency from traders on the Ethereum blockchai...

Posted: Nov 10, 2025

Vermont Christian School Challenges State’s Education Funding as Discriminatory

The Mid Vermont Christian School is challenging Vermont’s education reform law in federal court, arguing that the law’s set of provisions around public tuition dollars “creates a religious gerrymander and discriminates against relig...

Posted: Nov 10, 2025

Coal Miners With Black Lung Say Government Cuts Are Suffocating the Working Man

Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names,...

Posted: Nov 10, 2025

GoDaddy Hit With $170M Patent Verdict Over Web-Design Tech

Internet domain registrar GoDaddy GDDY.N owes a patent owner $170 million for violating its rights in website-building technology, a Delaware federal jury said in a verdict made public on Friday. The jury agreed with Express Mobile that GoDaddy&#8217...

Posted: Nov 10, 2025

Four Indicted for Roles in New Jersey Home Invasion, Auto Theft Ring

New Jersey Attorney General Matthew J. Platkin and the Division of Criminal Justice (DCJ) reported that four men were charged in a 61-count indictment for their respective roles in an auto theft and home invasion ring. The charges include home &#8230...

Posted: Nov 10, 2025

New Zealand Firefighters Say Tongariro Wildfire Is Coming Under Control

A wildfire that swept across thousands of hectares of New Zealand’s Tongariro National Park appears to be coming under control, officials said. Residents are being allowed back into the area following an earlier evacuation. Rain and the efforts...

Posted: Nov 10, 2025

Typhoon Set to Swing Toward Taiwan After Ripping Philippines

Typhoon Fung-Wong is forecast to swing toward Taiwan after the powerful storm struck the Philippines’ northeast late on Sunday, causing widespread flooding and the suspension of government operations. The cyclone — known locally as Uwan — has n...

Posted: Nov 10, 2025

Catastrophe Bonds Absorb ‘Black Swan’ Event Dealt by Melissa

A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe out 100% of a bond’s principal. Jamaica’s $150 million cat bond has been the subject of controversy since it failed …

Posted: Nov 10, 2025

How EZLynx is Empowering the Next Generation of Insurance with AI

This post is part of a series sponsored by EZLynx. The insurance industry is experiencing one of its most significant transformations in decades. Fueled by evolving customer expectations and workforce attrition, the ability to leverage agency managem...

Posted: Nov 10, 2025

Texas Sues Roblox Over Alleged Exposure of Children to Sexually Explicit Content

Texas Attorney General Ken Paxton is suing the online gaming platform Roblox for allegedly exposing children to sexually explicit content and exploitation, the latest in a flurry of lawsuits from his office aimed at big business. Texas is the third &...

Posted: Nov 10, 2025

Snow Set to Wallop Chicago as Cold Blast Aims for East Coast

Heavy snow will drop on Chicago late Sunday into Monday’s commute, further snarling air travel already disrupted by the US government shutdown and ushering in a cold blast that will bring near-freezing temperatures to New York City and as deep...

Posted: Nov 10, 2025

Legislation Introduced to Retroactively Restore NFIP Amid Government Shutdown

Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell,...

Posted: Nov 10, 2025

Bipartisan Legislation Introduced to Retroactively Restore NFIP

Two U.S. Congressmen, one a Democrat from Louisiana and the other a Republican from Mississippi, have introduced legislation to retroactively restore the National Flood Insurance Program (NFIP). Congressmen Troy A. Carter, Sr., D-La., and Mike Ezell,...

Posted: Nov 10, 2025

Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds

The Texas workers’ compensation system saw a modest $12 million loss in 2024 as insurers reported an increase in direct losses paid and overall, according to a report compiled by the Insurance Council Texas (ICT). The 2025 Texas Workers’...

Posted: Nov 10, 2025

Flight Delays, Cancellations Accelerate as Air Traffic Controller Shortages Surge

Airlines canceled more than 2,200 U.S. flights on Sunday and Transportation Secretary Sean Duffy warned air travel will fall to a “trickle” in the run-up to the Thanksgiving holiday as air traffic control staffing shortages surge. Major a...

Posted: Nov 10, 2025

US Justice Department Probes Meatpackers, Attorney General Says

President Donald Trump on Friday accused meatpacking companies of driving up U.S. beef prices, which have hit records, through manipulation and collusion, and ordered the Justice Department to investigate. Attorney General Pam Bondi said in an X post...

Posted: Nov 10, 2025

Oil Tanker Boarded by Suspected Pirates in Indian Ocean

An oil tanker was boarded by suspected pirates in the Indian Ocean to the east of the Somali coast, the most serious in a string of recent incidents in the area. The attackers were operating from a nearby mothership and …

Posted: Nov 10, 2025

Update: EU Warship Secures Tanker Crew Following Somali Pirate Attack

An EU warship secured the crew of an oil products tanker on Friday after it was attacked by pirates off Somalia, its operator and a European Union naval mission said, as worries grow over a resurgence of piracy after years …

Posted: Nov 10, 2025

What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth

Analysts’ projections of slower growth and smaller underwriting margins ahead for personal auto insurers started to play out ever so slightly in third-quarter results of two giant auto insurers this week. Both Progressive and GEICO reported hig...

Posted: Nov 10, 2025