Insurance Journal

Safeguarding the Marine Transportation System: New Cybersecurity Rules for the Maritime Industry

The maritime industry is grappling with an escalating wave of cybersecurity threats as it increasingly relies on interconnected digital systems. Recognizing the critical need to address these vulnerabilities, the U.S. Coast Guard issued a final rule...

Posted: Apr 23, 2025

Pet Insurance, Agents Gets a Shorter Leash Under Bill DeSantis Signed Into Law

Pet insurance is considered property insurance, and pet coverage and pet wellness programs will soon face new regulations and disclosure requirements under a bill signed into law by Florida Gov. Ron DeSantis. House Bill 655, approved with no oppositi...

Posted: Apr 23, 2025

Everglades Restoration Aims to Protect Florida Keys, Water, State Economy

ISLAMORADA, Fla. (AP) — The Everglades is more than just swamps, fan boats and alligators — and restoration efforts impact more than the land between Florida’s east and west coasts. Florida Bay, a body of water located between the southern &#82...

Posted: Apr 23, 2025

WEF Launches Probe Into Founder Schwab Over Whistleblower Allegations

The World Economic Forum announced on Tuesday that it has launched an investigation into its founder, Klaus Schwab, following a whistleblower letter alleging misconduct by the former chairman. The announcement came a day after the 87-year-old Schwab...

Posted: Apr 23, 2025

Report: California’s New Vehicle Market Outlook Clouded by Tariffs

New vehicle registrations in California rose 8.3% in the first quarter of 2025 compared with the same period a year earlier, putting the state above a nationwide 4.6% increase in a buying surge that may have been driven by consumers …

Posted: Apr 23, 2025

Lawmakers Urge FAA to Address Safety Issues at Washington Airport After Incidents

Three senior Democratic lawmakers on Tuesday urged the Federal Aviation Administration to address significant safety issues at Reagan Washington National Airport and maintain reduced air traffic after a series of troubling incidents. Representatives...

Posted: Apr 23, 2025

People Moves: Vermont Mutual’s Clark Named Io International Group Post

Vermont Mutual Senior Executive Assistant Paula Clark was recently named regional vice president of the International Association of Insurance Professionals (IAIP), announced at the Region I 2025 Conference held in Hasbrouck Heights, New Jersey. IAIP...

Posted: Apr 23, 2025

A ‘Low-Attention Disaster,’ Mountain Fire Survivors Recover in LA’s Shadow

The ashes of Hatim Naim’s burned home lie just a few dozen miles west of the Los Angeles areas destroyed by January’s Palisades and Eaton fires. But because the Mountain Fire, which destroyed 182 houses and other structures in Ventura &#8...

Posted: Apr 23, 2025

Viewpoint: California’s Latest Insurance Privacy Bill Would Add Layer of Regulation

California lawmakers are once again turning their attention to consumer privacy—this time with a laser focus on the insurance sector. At a moment when insurance companies are already navigating a minefield of data privacy laws, the newly proposed Sen...

Posted: Apr 23, 2025

Environmental Lawyers Get Ready to Pounce on Energy Deregulation Moves

U.S. environmental groups say they are hiring lawyers and preparing for a major legal showdown with President Donald Trump’s administration over its rapid-fire and sweeping efforts to sidestep federal regulations on oil, gas and coal developmen...

Posted: Apr 22, 2025

British Food and Clothing Group M&S Discloses Cyber Incident

Britain’s Marks & Spencer MKS.L said on Tuesday it has been managing a cyber incident over the past few days, and had made some temporary changes to its store operations. The more than 140-year-old clothing and food company said it …

Posted: Apr 22, 2025

Wildfire Losses Drops Chubb Q1 Net Income 38%, While Tariffs Create ‘Confusion’

First quarter 2025 net income at Chubb fell nearly 38% to about $1.3 billion as losses from the California wildfires overcame underlying results. Chief Executive Officer Evan G. Greenberg in a statement said the insurer “had a good first quarte...

Posted: Apr 22, 2025

IMF Slashes Global Outlook as White House Says Trade Talks Pick Up Pace

Worldwide economic output will slow in the months ahead as U.S. President Donald Trump’s steep tariffs on virtually all trading partners begin to bite, the International Monetary Fund said on Tuesday, as global finance chiefs swarmed Washington...

Posted: Apr 22, 2025

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