Insurance Journal
Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,”...
Posted: Dec 08, 2025
Most states and U.S. territories permit the establishment of captive insurance companies to insure a variety of commercial risks. However, no state or territory allows them to insure personal auto risks, and before mid-2024, no state or territory all...
Posted: Dec 08, 2025
President Donald Trump said on Monday he would sign an executive order this week that he said would create a single national rule for artificial intelligence, which the industry has said is necessary to override disparate laws passed by U.S. …
Posted: Dec 08, 2025
Westfield Appoints Scholz as Enterprise CIO Westfield, a U.S.-based property and casualty insurance company headquartered in Westfield Center, Ohio, appointed Lloyd Scholz as enterprise chief information officer (CIO). Reporting directly to CEO and B...
Posted: Dec 08, 2025
Missouri Attorney General Catherine Hanaway announced that her office has filed felony charges against James G. Bennett, operating as Bath Planet, for allegedly defrauding consumers by accepting payments for bathroom remodeling services he never comp...
Posted: Dec 08, 2025
Bowen, Miclette & Britt Insurance Agency, LLC has continued the expansion of its Surety team with the addition of John Anthony Martinez, who brings nearly 20 years of experience in contract and commercial surety, bonding strategy, and risk adviso...
Posted: Dec 08, 2025
This edition of International People Moves details appointments at the brokers Aon plc and AHJ Miller. A summary of these new hires follows here. Aon Names Norman as Senior Broker in its Global ReSpecialty Property Team Insurance broker Aon plc ̷...
Posted: Dec 08, 2025
Afore Insurance Services said it has acquired Resolve Insurance Group, an independent insurance agency headquartered in Virginia Beach, Virginia that is known for its marine insurance specialty. Resolve will become part of Afore’s Mid-Atlantic...
Posted: Dec 08, 2025
Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said the Alphabet GOOGL.Ounit’s vehicles had illegally passed school buses at least 19 times in recorded incidents since the start of the school year....
Posted: Dec 08, 2025
The district charged with overseeing the construction of a massive set of gates across the mouth of Galveston Bay — known as the “Ike Dike” — announced last week that it has approved contracts with two global engineering firms to …
Posted: Dec 08, 2025
The San Diego city attorney’s office has agreed to pay $30 million to the family of a 16-year-old youth who was fatally shot by police last January in what would be one of the largest settlements of a police-involved killing …
Posted: Dec 08, 2025
A massive Pacific storm called an atmospheric river will sweep off the ocean into the Pacific Northwest starting Monday, bringing heavy rain and a week of floods, swollen rivers and even heavy snow across the region, including Seattle and Portland. &...
Posted: Dec 08, 2025
Following the death of a worker at a Georgia solar systems plant in May, a federal safety agency has cited a construction firm for serious violations. But the fine levied against Hyoungwon E&C America is only about $20,000, an amount …
Posted: Dec 08, 2025
White Mountains said it has completed the sale of a controlling interest in insurance distribution platform Bamboo to funds advised by CVC Capital Partners. In October, White Mountains announced the deal to CVC, valuing managing general agent Bamboo...
Posted: Dec 08, 2025
Berkshire Hathaway Inc. today announced Nancy L. Pierce will be GEICO’s new chief executive officer. Pierce was most recently chief operating officer at the major U.S. auto insurer. “Nancy knows the business inside and out. She’s pr...
Posted: Dec 08, 2025
Florida’s Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state’s coast. A letter signed by Republican Sens. Rick Scot...
Posted: Dec 08, 2025
The U.S. Department of Health and Human Services on Thursday outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s enthusiastic embrace of the rapidly advancing technology while raising questio...
Posted: Dec 08, 2025
Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state corruption scandals will be a long process, its top executives in Africa said, adding that the consulting firm is biding its time on resuming bidding fo...
Posted: Dec 08, 2025
Donegal Insurance Group, headquartered in Marietta, Pennsylvania, promoted Josh Mussmon to vice president of marketing operations. Mussmon succeeds Bill Anderson, who will retire from Donegal in January as senior vice president of marketing operation...
Posted: Dec 08, 2025
New Jersey is joining a number of other states in launching a volunteer cybersecurity force to support government entities, infrastructure providers, and community organizations across the state prevent and recover from cyber attacks. The New Jersey...
Posted: Dec 08, 2025
The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid to reduce the oil revenue that helps finance Russia’s war …
Posted: Dec 08, 2025
The race to apply artificial intelligence in property/casualty insurance often hits a wall, not because of algorithms but because of confusion over data foundations. “Data Lake,” “Data Warehouse” and “Data Lakehouse̶...
Posted: Dec 08, 2025
The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is t...
Posted: Dec 08, 2025
ICEYE, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe. Venture firm General Catalyst led the financing round, whi...
Posted: Dec 08, 2025
Indonesia will need 51.8 trillion rupiah ($3.2 billion) to rebuild areas devastated by recent floods and landslides in Sumatra, according to the national disaster agency. More than 900 people have died as a result of monsoon rainfall that was intensi...
Posted: Dec 08, 2025