Insurance Journal

RYZE Acquires Missouri’s Acorn Claims

RYZE Claim Solutions, a full-service claims management provider, announced its acquisition of Acorn Claims, a Springfield, Missouri-based firm specializing in daily and catastrophe claims services nationwide. RYZE said the transaction further support...

Posted: Mar 31, 2025

Trial to Determine Who Will Pay $600M in Norfolk Southern Ohio Derailment

Norfolk Southern wants two other companies to help pay for the $600 million class-action settlement it agreed to over its disastrous 2023 train derailment near the Ohio-Pennsylvania border and the toxic chemicals that were released and burned. The ra...

Posted: Mar 31, 2025

Severe Storms Ravage South Texas, Leaving 3 Dead and Hundreds Stranded

Drenching rain along the Texas-Mexico border let up Friday, but rescues were still ongoing a day after severe storms trapped residents in their homes, forced drivers to abandon their vehicles on flooded roads and shut down an airport. Local officials...

Posted: Mar 31, 2025

Young Agents: Last Chance to Share Your Thoughts on Insurance Industry

Are you a young insurance agent, 40 years old or younger? Do you know a young insurance agent? This is the final call for participating in this year’s Young Insurance Agents Opinion Survey! The deadline for participating is April 1. …

Posted: Mar 31, 2025

Oklahoma Lawmaker Seeks Statewide Ban on Sewage Sludge Use

When Leslie Stewart moved to her home in a rural expanse of Lincoln County outside of Oklahoma City more than 20 years ago, she thought she’d found a slice of heaven. In a town of fewer than 700 people, her …

Posted: Mar 31, 2025

AIG Can Continue Trade Secret Theft Allegations Against Dellwood

About a year into the litigation between American International Group and startup Dellwood Insurance Group, a federal judge will allow much of AIG’s lawsuit to proceed against its newest potential competitor in the excess and surplus market. Ju...

Posted: Mar 31, 2025

EU Agencies Seek to Cut Red Tape in €1.2 Trillion ABS Market

European financial authorities are exploring ways to streamline oversight of the €1.2 trillion ($1.3 trillion) asset-backed securities market and simplify reporting requirements, according to a report that offers recommendations for policymakers. The...

Posted: Mar 31, 2025

MS Amlin Opens Australia Branch, Taps Aon Re Exec as Head of Australia, New Zealand

MS Amlin, the Lloyd’s global re/insurer, announced the opening of an Australian branch office in Sydney, subject to Lloyd’s approval. Leading the branch office is Matt Botfield who has been named head of Australia and New Zealand. The off...

Posted: Mar 31, 2025

Conduit Re CEO Carvey to Retire; Company Announces Plans to Buy More Retro Cover

Conduit Re’s Chief Executive Officer Trevor Carvey has a decided to step down and retire with effect on April 11, according to the reinsurer’s parent company CHL. At the same time, the company announced a trading update with a stated &#82...

Posted: Mar 31, 2025

More Tort Reform: Georgia Lawmakers Put Limits on Litigation Financing

A second part of Georgia Gov. Brian Kemp’s campaign to limit lawsuits and large verdicts won approval Thursday from the state House of Representatives. The full tort reform package should be ready for the governor’s signature in coming we...

Posted: Mar 31, 2025

California OKs Increase in FAIR Plan Commercial Property Coverage Limits

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous Zones The approval increases th...

Posted: Mar 31, 2025

IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s

According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance – …

Posted: Mar 31, 2025

War-Torn Myanmar Struggles With Quake Rescue as Toll Rises

The death toll from Myanmar’s biggest earthquake in a century is set to climb from more than 1,700 following the end of a critical 72-hour rescue window, with aid efforts hampered by the ongoing civil war and sweltering heat. About …

Posted: Mar 31, 2025

Thailand Probes Collapse of Only Skyscraper to Crumble in Quake

The collapse of a skyscraper under construction in Bangkok — the lone building to crash during the massive earthquake last week — has become the center of Thai investigations as questions swirl around the construction and quality of the materials &#8...

Posted: Mar 31, 2025

Update: Thailand Probes Collapse of Only Skyscraper to Crumble in Quake

The collapse of a skyscraper under construction in Bangkok — the lone building to crash during the massive earthquake last week — has become the center of Thai investigations as questions swirl around the construction and quality of the materials &#8...

Posted: Mar 31, 2025

Family of Canadian CEO Killed in Helicopter Crash Files $35 Million Lawsuit

The family of Stephane Roy, a Canadian entrepreneur killed in a helicopter accident in 2019, has filed a C$50 million ($35 million) lawsuit against manufacturer Robinson Helicopter Co. Roy and his 15-year-old son Justin disappeared that summer while...

Posted: Mar 31, 2025

Risk & Insurance Education Alliance Launches the Contractors RiskPRO Certification

Austin TX, March 28, 2025 –The Risk & Insurance Education Alliance proudly announces the launch of the Contractors RiskPRO Certification, the first specialized program in the innovative RiskPRO Certification Series. Designed specifically fo...

Posted: Mar 31, 2025

Viewpoint: Steady Growth Amid Market Cycles Is Possible

Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cyc...

Posted: Mar 31, 2025

Musk Loses Bid to Thwart Investor Suit Over Twitter Purchase

Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired. A Manhattan federal judge on Friday said …

Posted: Mar 31, 2025

As Wildfire Season Arrives, Budget Woes and Federal Uncertainty Put States at Risk

Budget woes, combined with cuts to the federal wildfire-fighting workforce and President Donald Trump’s tariff and sovereignty threats against Canada, have made it more difficult for state officials to plan for the upcoming wildfire season. In...

Posted: Mar 31, 2025

Public Adjuster Pleads Guilty to Another Scam, This One on a Church in Georgia

A notorious public adjuster, already in prison for scamming Louisiana and Texas residents out of insurance proceeds, last week pleaded guilty to defrauding Brotherhood Mutual Insurance Co. and a Georgia church out of millions of dollars after the chu...

Posted: Mar 31, 2025

Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filing...

Posted: Mar 31, 2025

HCI Invested in Tampa Office Site, Now Leasing it to GEICO for 1,000-Job Expansion

Berkshire Hathaway’s GEICO insurance plans to open a new campus in Tampa late this summer, bringing more than 1,000 jobs to the area. The property and auto insurer also plans to open an office in the Dallas area by this …

Posted: Mar 31, 2025

Department of Labor Award Continues Disaster-Relief Jobs for Maui Wildfires

The U.S. Department of Labor is awarding $2.5 million to Hawaii to continue employment and training services and support disaster-relief jobs for people in communities affected by the wildfires that swept across the island of Maui on Aug. 8, 2023. &#...

Posted: Mar 31, 2025

People Moves: Aspire Promotes New Leadership; Venbrook Names Hicks Transportation Practice Lead

Aspire Promotes Nicholson, Storms and Storms to New Leadership Roles Aspire General Insurance promoted Tyler Nicholson to the newly created role of chief revenue and distribution officer. Nicholson has more than 20 years of industry experience, joini...

Posted: Mar 31, 2025