Insurance Journal

UK’s Admiral Group to Sell Its US Insurer Elephant to J.C. Flowers

United Kingdom’s Admiral Group has agreed to sell its U.S. auto insurance business — Elephant Insurance Co. and Elephant Insurance Services— to the private investment firm J.C. Flowers & Co. for an undisclosed cash consideration representin...

Posted: Apr 22, 2025

Inszone Acquires Missouri’s Davidson Insurance Agency

Inszone Insurance Services announced its recent acquisition of Davidson Insurance Agency Group, LLC. Located in Missouri, Davidson Insurance Agency has proudly served local businesses, families, and individuals since its founding in 1970, building a...

Posted: Apr 22, 2025

Lawsuits Against BP Over Health Impacts of Deepwater Horizon Cleanup Stalled in Court

Fifteen years after the Deepwater Horizon oil rig exploded off the Gulf Coast, killing 11 and sending 134 million gallons (500 million liters) of crude gushing into the ocean, the effects of the nation’s worst offshore oil spill are still &#823...

Posted: Apr 22, 2025

Communities Reeling From Deadly Tornadoes in Texas and Oklahoma

A slow-moving, active storm system brought heavy rain, large hail and tornadoes to parts of Texas and Oklahoma and left three people dead as severe weather warnings Sunday continue to threaten parts of the south-central and Midwest U.S. On Easter &#8...

Posted: Apr 22, 2025

Business Moves: Ignyte, Novacore Spin Off From NSM Commercial Business Sale

Ignyte and Novacore have launched following the recent sale of NSM Insurance Group’s U.S. commercial business to investment firm New Mountain Capital. Conshohocken, Pennsylvania-based NSM had said it would become two separate entities as a resu...

Posted: Apr 22, 2025

Easter Sunday Fire in Crowded Home in Queens, NY, Takes 3 Lives

Three people died and a fourth was critically injured early Easter Sunday when a fire tore through an overcrowded home in Queens, that had no evidence of a working smoke detector and had blocked stairs and exits, fire officials said. …

Posted: Apr 22, 2025

BOE’s Greene Says US Tariffs Pose Disinflation Risks for UK

Megan Greene, one of the Bank of England’s most hawkish policymakers, said Donald Trump’s wave of global tariffs is more likely to weigh on prices in the UK than it is to stoke higher inflation. In an interview with Bloomberg …

Posted: Apr 22, 2025

NJ Accuses Messaging App Discord of Exposing Kids to Violent Content, Predators

New Jersey Attorney General Matthew J. Platkin has filed a lawsuit against Discord, Inc. alleging that the messaging app provider is exposing kids to violent and sexual content and predators and has violated the state’s consumer protection laws...

Posted: Apr 22, 2025

New Survey Shows Company Drivers Overwhelmed and Worried

As roads become more dangerous, 70% of company drivers say they worry about being killed or hurt in a collision or held liable for the damages. While 89% of company drivers rate their driving as good or excellent, less than …

Posted: Apr 22, 2025

People Moves: Conduit Names Pritchard Interim CUO, as Roberts Steps Down

CHL, the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurance business, announced the appointment of Nick Pritchard as interim chief underwriting officer with immediate effect, following the decision by Gregory Roberts to lea...

Posted: Apr 22, 2025

People Moves: Xceedance Names Sankaran Global COO; Naquin Joins ReSource Pro as GM, Tech Services

Xceedance Appoints Sankaran as Global Chief Operating Officer Xceedance, headquartered in Worcester, Massachusetts, named Subramanian (Subbu) Sankaran to the new role of global chief operating officer. Sankaran has over 30 years of experience in glob...

Posted: Apr 22, 2025

Ryan Specialty to Acquire USQRisk Holdings

Global specialty insurance broker Ryan Specialty has agreed to acquire certain assets of USQRisk Holdings, LLC, a New York-headquartered managing general agency focused on nontraditional insurance. Formed in 2020 and operating in New York and London,...

Posted: Apr 22, 2025

Don’t Forget Tariff Impacts on Workers’ Compensation: Berkley

The chief executive of W.R. Berkley Corp. said his company is very focused on the impacts of tariffs on loss costs, and ultimately pricing for short-tail lines of business. But the possibility of impacts of other lines, including workers’ compe...

Posted: Apr 22, 2025

People Moves: New Faces, New Roles at Neptune Flood and Alliant

Neptune Flood, one of the largest writers of private flood insurance, named four people to executive-level positions at the St. Petersburg-based company. Matt Duffy was elevated from managing director to president. Alais Griffin is the new general co...

Posted: Apr 22, 2025

Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees

Global insurance broker Marsh USA filed suit against competitor Aon and a former Marsh team leader for allegedly poaching key members of Marsh’s construction surety team who resigned and moved to Aon last month. A complaint filed by Marsh in &#...

Posted: Apr 22, 2025

Japanese Insurer MS&AD Plans to Invest as Much as $5 Billion to Double US Profits

MS&AD Insurance Group Holdings Inc. plans to invest as much as about ¥700 billion ($5 billion) to expand in the North American market, to meet its goal of doubling operating profits in the region, according to its chief executive officer. …

Posted: Apr 22, 2025

Swiss Insurers Helvetia and Baloise to Merge to Create Top 10 Company

Helvetia and Baloise plan to merge to create Switzerland’s second-largest insurance group with a combined business volume of 20 billion Swiss francs ($24.69 billion), the pair said on Tuesday. The new group, to be called Helvetia Baloise Holdin...

Posted: Apr 22, 2025

Say Goodbye to Manual Contract Requests: The Future of Life & Annuities Is Automated

This post is part of a series sponsored by AgentSync. In the complex and ever-evolving world of life and annuity (L&A) compliance, efficiency isn’t a luxury, it’s a critical factor in an organization’s success. One of the most o...

Posted: Apr 22, 2025

Tesla Settles Wrongful Death Lawsuit Claiming Sudden Acceleration in Ohio Crash

Elon Musk‘s electric vehicle company Tesla TSLA.O has agreed to settle a wrongful death lawsuit filed by the estate of a man who was killed in 2021 after his Tesla crashed and caught fire near Dayton, Ohio. Tesla and lawyers …

Posted: Apr 22, 2025

Shopify Must Face Data Privacy Lawsuit in US

A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify, a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms. In a 10-1 decision, the 9th U.S. Circuit Court...

Posted: Apr 22, 2025

Transatlantic Underwriters Expands Into Property, Liability Coverage, Names Flores SVP

Transatlantic Underwriters, a specialized wholesale brokerage for trucking and transportation insurance, is making a limited move into broader property-casualty coverage. The Marietta, Georgia-based firm, founded in 1989, introduced six new lines of...

Posted: Apr 22, 2025

South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme

A south Florida insurance broker is awaiting sentencing after pleading guilty last week to a $134 million scheme that fraudulently enrolled thousands of people in Affordable Care Act health insurance plans. Dafud Iza, 54, of Pembroke Pines, signed a...

Posted: Apr 22, 2025

Multiple Security Failures? Arsonist Faced Little Resistance as Governor and Family Slept

The arsonist who broke into the Pennsylvania governor’s residence while Gov. Josh Shapiro and his extended family slept upstairs on the first night of Passover encountered little resistance as he scaled a security fence, smashed windows with a...

Posted: Apr 22, 2025

Starkweather & Shepley Acquires New Jersey’s AiK2 Insurance Services

Starkweather & Shepley Insurance Brokerage, Inc. (S&S) has acquired AiK2 Insurance Services, a New Jersey-based firm specializing in business insurance for wealth and asset managers. As part of the acquisition, AiK2 will rebrand under the Sta...

Posted: Apr 22, 2025

Alaska Native Who Alleged Wrongful Murder Conviction Reaches $11.5M Settlement

An Alaska Native man who maintained his innocence in the 1997 killing of a white teenager has agreed to an $11.5 million settlement with the city of Fairbanks after alleging police acted with a racial bias in a case in …

Posted: Apr 22, 2025