Insurance Journal

Markets/Coverages: Willis Launches Specialty Bloodstock Insurance Solution in UK

Willis, a business of WTW, has launched the first specialty bloodstock insurance solution with Equine MediRecord to make the purchasing of bloodstock insurance more accessible and efficient for horse owners and trainers in the UK. Willis have signed...

Posted: Sep 02, 2025

Tesla Asks Court to Throw Out $243M Award; Says Comments About Musk Misled Jury

The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. …

Posted: Sep 02, 2025

Delaware Governor Vetoes Bill to Loosen Marijuana Zoning Regulations

Gov. Matt Meyer vetoed a bill last Thursday that would have loosened regulations around where marijuana businesses can locate in Delaware, likely further delaying the growth of the weeks-old industry. But the governor also offered a competing proposa...

Posted: Sep 02, 2025

Cyberattack on Evertec’s Sinqia Hits HSBC, Others in Brazil

Hackers on Friday broke into Sinqia, a financial technology provider owned by Evertec, attempting to steal around 420 million reais ($77.4 million) from several Brazilian financial institutions including HSBC Holdings Plc’s local operations, O...

Posted: Sep 02, 2025

DHS Secretary Noem Fires Two Dozen at FEMA Citing Cyber Lapses

Homeland Security Secretary Kristi Noem announced that she fired two dozen employees from the Federal Emergency Management Agency after a review determined significant flaws had allowed a hacker to access to FEMA’s network. The employees &#8220...

Posted: Sep 02, 2025

New Jersey Seeks Limits on Nonessential Helicopter Flights Citing Fatal NY Crash

New Jersey’s governor is asking federal officials to impose restrictions on nonessential helicopter flights in his state after a New York City sightseeing helicopter broke apart in midair in April, killing six people. Gov. Phil Murphy, in an Au...

Posted: Sep 02, 2025

WhatsApp Finds New Hacking Campaign Targeting Fewer Than 200 People

WhatsApp said Aug. 29 it discovered an advanced cyberespionage effort that took advantage of a chain of security vulnerabilities in the app and Apple devices to hack them. A researcher with Amnesty International said unidentified members of civic gro...

Posted: Sep 02, 2025

Sedgwick: Recalled Products in US Hit Lowest Quarterly Level in 3 Years

The number of products recalled across the U.S. in the second quarter fell 31.5% from 125.37 million units in the first quarter to 85.87 million in Q2, a new report shows. This level marked the lowest quarterly total since the …

Posted: Sep 02, 2025

Most Trump Tariffs Are Not Legal, US Appeals Court Rules

A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool. The court allowed the tariffs to remain i...

Posted: Sep 02, 2025

Florida Appeals Court Underscores That Limits on Attorney Fees Are Not Retroactive

A Florida appeals court has put another nail in the idea that the state’s limits on attorney fees can be applied retroactively to policies issued before the landmark legislative changes were enacted in 2022 and 2023, despite arguments to the &#...

Posted: Sep 02, 2025

Players Health Commits 1% of Revenue to Youth Sports Access and Safety

Players Health, a Minneapolis-based provider of athlete safety and insurance solutions, is committing 1% of its revenue to directly fund programs, equipment, and support for underserved youth through the Players Health Foundation. Launched in 2022, t...

Posted: Sep 02, 2025

AP Reporters Reflect on Hurricane Katrina, 20 Years Later

Hurricane Katrina claimed hundreds of lives, destroyed homes and changed how emergency response is dealt with forever. In this episode of “The Story Behind the AP Story,” retired Associated Press journalist Chevel Johnson Rodrigue recalls...

Posted: Sep 02, 2025

Repeat Arsonist Sentenced for Burning Own Home to Collect Insurance Payout

A Pennsylvania woman has been sentenced up to three years in prison for intentionally setting fire to her rented home in 2023 as a part of a scheme to collect an insurance payout. According to Pennsylvania Attorney General Dave Sunday, …

Posted: Sep 02, 2025

Viewpoint: Delay, Deny, Defend for California Wildfire Claims?

Eight months after the Palisades and Eaton wildfires in Los Angeles, commercial and residential policyholders continue to report unreasonably long delays, dubious denials, and conspicuously low settlements. Most prominently, the California FAIR Plan...

Posted: Sep 02, 2025

Private Equity Firm Bain Capital to Buy UK Insurance Intermediary Jensten Group

Bain Capital, the private investment firm, announced it has signed a definitive agreement to acquire Jensten Group, the UK-based commercial insurance distribution platform, from Livingbridge, a UK mid-market private equity investor. The investment is...

Posted: Sep 01, 2025

Uber, Lyft Drop Opposition to California Driver Union Bill

Uber Technologies Inc. and Lyft Inc. agreed to back a state-supervised way for California drivers to unionize and collectively bargain on industry-wide pay and benefit guarantees, under a new legislative deal that provides the companies relief on ins...

Posted: Aug 29, 2025

France and Germany Reject Trump’s Threats on EU Tech Legislation

France and Germany on Friday defended Europe’s right to adopt its own legislation on technology after U.S. President Donald Trump criticized European rules on digital services, saying any U.S. coercion would be met with retaliation. Trump on Mo...

Posted: Aug 29, 2025

Katrina’s Legacy: Louisiana Fortifies Itself Against the Next Storm

When Hurricane Katrina made landfall in southern Louisiana 20 years ago, the region was ill-prepared for the 125 mph winds and catastrophic flooding that would follow. Louisiana, like the rest of the United States, was still adopting modern internati...

Posted: Aug 29, 2025

US Farmers Are Pulling Back on Spending in Threat to Rural Economy

Sunny skies and mild temperatures this week greeted the biggest US farm show of the year. The contrast couldn’t be greater with the sentiment among attendees as low crop prices and trade tariffs squeeze the agricultural sector. The market for &...

Posted: Aug 29, 2025

A Texas Congressman is Quietly Helping Elon Musk Pitch Building $760M Tunnels Under Houston to Ease...

The devastating flooding in Houston caused by Hurricane Harvey in 2017 killed dozens of people, inundated hundreds of thousands of homes and left the community desperate for a solution. Since then, local flood experts have extensively studied the pos...

Posted: Aug 29, 2025

NOAA Develops Tool to Predict Hourly US Wildfire Hazards

Scientists at National Oceanic and Atmospheric Administration (NOAA)’s Global Systems Laboratory said it has developed an hourly assessment of wildfire potential across the U.S. The Boulder, Colorado-based lab’s Hourly Wildfire Potential...

Posted: Aug 29, 2025

The Ghost of Hurricane Katrina Haunts Catastrophe Modelers

When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had fail...

Posted: Aug 29, 2025

After Fearsome Dust Storm Rips Phoenix Area, Trees Cleaned up And Power Restored

Crews cleaned up downed trees and got electricity mostly restored for thousands of people this week after a powerful dust storm roared through the Phoenix area. The wall of dust towering hundreds of feet high dwarfed the city’s neighborhoods. C...

Posted: Aug 29, 2025

California Jury Awards $2 M to Protester Shot in Face With Nonlethal Projectile

A jury has awarded at least $2.2 million to a protester who was shot in the face with a less-lethal munition by a Los Angeles sheriff’s deputy during a demonstration against police brutality in 2020. In the verdict last week, …

Posted: Aug 29, 2025

Heavy Rain Causes Flooding, Landslides and Deaths in Vietnam and Thailand

Heavy rain caused flooding and landslides Wednesday in parts of Southeast Asia, where at least eight deaths were reported in the aftermath of a tropical storm. Flooding occurred in several northern and central provinces of Vietnam, where seven people...

Posted: Aug 29, 2025