Insurance Journal

Beijing Faces More Torrential Rainfall Days After Deadly Floods

Beijing is getting drenched by another round of heavy rain, one week after torrential downpours across parts of the Chinese capital unleashed flooding that claimed at least 44 lives. The city’s meteorological service elevated its rainstorm warn...

Posted: Aug 04, 2025

Business Moves: Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations; Optio Comple...

Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations Specialist Risk Group (SRG), the London-based global insurance intermediary, announced it has completed the acquisition of German broker Ecclesia’s businesses in the N...

Posted: Aug 04, 2025

People Moves: Liberty GTS Names Remsen Head of East, Americas; Black Named National Property Leader...

Liberty GTS Appoints Remsen Head of East in the Americas Region Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, promoted Jason Remsen to head of East, Americas. He will be based in New York City. Remsen has experience &#...

Posted: Aug 04, 2025

People Moves: BHSI Launches Program Business in Canada Led by Tran; Aspen Promotes Cushway as Head o...

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire Hathaway...

Posted: Aug 04, 2025

People Moves: BHSI Launches Program Business in Canada, Led by Tran; Aspen Promotes Cushway as Head...

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire H...

Posted: Aug 04, 2025

Senate Confirms Anti-DEI Stalwart Lucas to Second Term at EEOC

The Senate confirmed Andrea Lucas to another term as commissioner of the country’s workplace civil rights agency, demonstrating firm Republican support for her efforts to root out diversity programs, roll back protections for transgender worker...

Posted: Aug 04, 2025

United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO

United Risk has acquired specialized property/casualty managing general agent Verita CSG, Inc. from global risk advisor WTW and rebranded the venture as Verist LLC. Industry veteran Michael Chang will become CEO of Verist, now based at 50 Rockefeller...

Posted: Aug 04, 2025

How an Alleged Ponzi Scheme Left Investors and Politicians in the South Reeling

CEDARTOWN, Ga. (AP) — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He’s looking to claw …

Posted: Aug 04, 2025

California Wildfire Burns 65,000 Acres in Los Padres Forest, Prompts Evacuations

A wildfire in California has prompted evacuation orders and threatened hundreds of structures. The wildfire has grown to 65,062 acres, and was only 3% contained. Firefighters have been battling the Gifford fire in Santa Barbara and San Luis Obispo Co...

Posted: Aug 04, 2025

Mississippians Have Little Time Left to Intervene in Gas Pipeline Proposal

Mississippians have until Tuesday to intervene in a proposal for a natural gas pipeline that would span nearly the full width of the state. The pipeline, called the “Mississippi Crossing Project,” would start in Greenville, cross through...

Posted: Aug 04, 2025

USI Acquires Oklahoma’s Rogers Insurance Center

USI Insurance Services announced the acquisition of Miami, Oklahoma-based Rogers Insurance Center. Founded in 1997, Rogers Insurance Center is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the...

Posted: Aug 04, 2025

Wisconsin Paper Manufacturer Cited for Safety Violations

The U.S. Department of Labor has cited an Appleton, Wisconsin paper products manufacturer for allegedly exposing employees to dangerous energy and machine guarding hazards after an employee suffered two finger-tip amputations. Investigators with the...

Posted: Aug 04, 2025

Texas Senate Passes Bill to Ban THC, Setting Up Showdown with House

The Texas Senate on Friday approved its second attempt to ban hemp-derived THC, setting up a showdown with the House, where hemp industry members say they’ll be getting more support. Senate Bill 5 by Sen. Charles Perry, R-Lubbock passed the &#8...

Posted: Aug 04, 2025

Crane Provider to Pay $525K After Workers Used Racial Slurs, Displayed Nooses

TNT Crane & Rigging, Inc., one of the largest crane service providers in North America, will pay $525,000 and furnish other relief to settle a racial harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EE...

Posted: Aug 04, 2025

Chemours, DuPont, Corteva Settle New Jersey PFAS Claims for $875 Million

Chemours, DuPont and Corteva have agreed to pay $875 million over 25 years to the State of New Jersey to settle environmental claims including pollution linked to PFAS, or “forever chemicals,” the companies said on Monday. Lawsuits accusi...

Posted: Aug 04, 2025

Berkshire Insurance Units Report Lower Q2 Operating Income Overall

GEICO was the only one of Berkshire Hathaway’s major property/casualty reporting divisions to post higher underwriting profit in the second quarter of 2025. But a 2% rise in underwriting profit for the personal auto insurance operation was not...

Posted: Aug 04, 2025

High Noon Recalls Vodka Seltzers Mislabeled as Energy Drinks

High Noon announced a recall of vodka seltzer drinks that it says were mislabeled as Celsius energy drinks, according to a posting on the U.S. Food and Drug Administration’s website. “Consumption of the liquid in these cans will result in...

Posted: Aug 04, 2025

No Major Impact Reported as Small Earthquake Shakes New Jersey-New York Area

A small earthquake rattled the New York metropolitan area Saturday night. The U.S. Geological Survey said the tremor had a magnitude of 3.0. It hit in the New Jersey suburb of Hasbrouck Heights, less than 8 miles (13 kilometers) west …

Posted: Aug 04, 2025

EU Court Rules Against Environmentalists Trying to Block Spanish Wind Farms

The European Court of Justice on Friday dealt a blow to environmental groups trying to stop wind farms from being built in Spain’s northwestern Galicia region, in a ruling affecting billions of euros of investment. Companies developing wind far...

Posted: Aug 04, 2025

South Africa Is Considering Flood Insurance for Large Cities

South Africa is studying whether some of its largest cities should take out flood insurance after a series of disasters in recent years led to bailouts from the government. The insurance being considered is parametric, a type of cover that …

Posted: Aug 04, 2025

UK’s FCA Says Lenders Face Minimum £9 Billion Bill on Car Loans

The UK’s Financial Conduct Authority will consult on a redress scheme to guide firms on how they should compensate motor finance customers that were missold car loans, which it estimates could leave such lenders on the hook for at least …

Posted: Aug 04, 2025

Why Submission Triage Is the Hidden Bottleneck in Your Underwriting Workflow

This post is part of a series sponsored by Expert Insured. Your underwriters want to quote-fast. But instead, they’re sifting through messy emails, chasing missing info, and trying to clean up broker submissions just to get started. That bottle...

Posted: Aug 04, 2025

People Moves: AAA – The Auto Club Group Adds to Executive Team

AAA – The Auto Club Group (ACG), headquartered in Dearborn, Michigan, added three senior leaders. Vincent Fusco joined ACG as executive vice president, chief distribution officer. Fusco will oversee insurance and direct sales, including those of Mich...

Posted: Aug 04, 2025

SEC Chair Lays Out Sweeping Plans to Accommodate Crypto

The head of the U.S. securities regulator unveiled sweeping plans to overhaul capital markets regulations on Thursday to accommodate cryptocurrencies and blockchain-based trading, in a major win for the digital asset industry, which has long pushed f...

Posted: Aug 04, 2025

Tesla Must Pay $243 Million Over Fatal Autopilot Crash

Tesla Inc. was told to pay $243 million in a lawsuit over a 2019 Autopilot crash in Florida that killed a young woman and seriously injured her boyfriend, the first significant court loss for the automaker in litigation related to …

Posted: Aug 04, 2025