Insurance Journal

Thousands of East Texans Remain Without Power After Winter Storm

Thousands of East Texans remain without power days after a winter storm paralyzed most of the state over the weekend. Many may be without power until Sunday as utility workers traverse icy roads in dense forests to restore power. Winter …

Posted: Jan 28, 2026

People Moves: Novi Underwiters Adds Three to Management Liability Lines

Novi Underwriters has named Jason Binette, James Cinque and Cody Ruggirello to its newly launched management liability offering. Featuring modern forms for a variety of risks and quick points of sale, coverage will benefit auto dealers, fintechs, man...

Posted: Jan 28, 2026

Kansas Commissioner Supports Bill to Create Insurance Savings Account

Kansas Insurance Commissioner Vicki Schmidt this week testified in favor of a bill that would create an Insurance Savings Account (ISA). The Kansas Department of Insurance introduced the bill to give Kansans a state tax free way to save for …

Posted: Jan 28, 2026

People Moves: Texas Mutual Names Cullison as SVP of Talent and Brand Strategy; Brown & Riding Adds H...

Texas Mutual Names Cullison as SVP of Talent and Brand Strategy Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, recently announced Brittany Cullison as its senior vice president of talent a...

Posted: Jan 28, 2026

Australian Broker AUB Agrees to Buy Majority Stake in UK’s Prestige

AUB Group Ltd., the Sydney, Australia-based brokerage and underwriting agency group, announced it has entered into an agreement to acquire 95.9% of Prestige Insurance Holdings Ltd. for $432 million (US$300.1 million). Founded in 1973, Prestige is a d...

Posted: Jan 28, 2026

Google to Pay $135 Million to Settle Android Data Transfer Lawsuit

Google will pay $135 million to settle a proposed class action by smartphone users who accused Google of programming its Android operating system to collect their cellular data without permission. A preliminary settlement with the Alphabet unit was f...

Posted: Jan 28, 2026

People Moves: MEMIC Hires Coy as CIO

The MEMIC Group, headquartered in Portland, Maine, hired Matt Coy as chief information officer (CIO), succeeding Jack Yao, who retired at the end of 2025 after more than nine years of service. Coy leads MEMIC’s technology strategy, rejoining ME...

Posted: Jan 28, 2026

Judge Allows Dali Manager’s Bid to Limit Liability for Baltimore Bridge Collapse

A federal judge has allowed the manager of the cargo ship Dali involved in the tragic collapse of Baltimore’s Francis Scott Key Bridge in March 2024 to proceed for now with its claims under an 1851 maritime law that limits …

Posted: Jan 28, 2026

Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July

Fourth quarter 2025 net income at Progressive Corp. increased 25% compared to the same period a year ago to nearly $3 billion. Progressive reports results monthly. Net income for December was up 22% to about $1.15 billion. Full-year net income &#8230...

Posted: Jan 28, 2026

California Seafood Distributor Paying $248K for Prop 65 Violations

A California seafood is paying $248,000 to resolve allegations it sold frozen seafood products with elevated levels of lead and cadmium without the required warnings. California Attorney General Rob Bonta’s office settled with Pacific American...

Posted: Jan 28, 2026

Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says

The Howden-driven talent war has cost Brown & Brown $23 million in revenue, according to J. Powell Brown, the broker’s president and chief executive officer. “As of today, approximately 275 of our former teammates have joined this sta...

Posted: Jan 28, 2026

Mississippi, Deep South Shiver Under Ice as Long Recovery Looms

Residents in a iced-over swath of Mississippi began to confront the ugly truth Monday as they shivered in ever-colder and darkened houses: Recovery from the state’s worst ice storm in more than 30 years could take a week or more. …

Posted: Jan 28, 2026

FAA’s Failure to Act on Safety Risks Blamed for Midair Collision at Reagan Airport

The US Federal Aviation Administration’s failure to monitor and act on safety risks in the airspace near Washington was among a number of systemic failures safety officials blamed for last year’s midair collision. The National Transportat...

Posted: Jan 28, 2026

Tokio Marine HCC Lists Top 10 Cyber Incidents in 2025

Among the top 10 cyber incidents in 2025 was the first documented case of an AI-orchestrated espionage campaign, which illustrated how artificial intelligence (AI) is being leveraged by sophisticated threat actors, according to Tokio Marine HCC Inter...

Posted: Jan 28, 2026

Lawsuits Filed by Victims of Spectacular German Bank Heist

The first lawsuits were filed on Wednesday by victims of a spectacular heist of a German bank in December when burglars used the quiet Christmas period to drill their way into its vault and make off with millions, a lawyer …

Posted: Jan 28, 2026

Victims of Spectacular German Bank Heist File Lawsuits

The first lawsuits were filed on Wednesday by victims of a German bank heist in December, when burglars used the quiet Christmas period to drill their way into its vault and make off with millions, a lawyer said. The lawyer, …

Posted: Jan 28, 2026

Hacking the Grid: How Digital Sabotage Turns Infrastructure Into a Weapon

The darkness that swept over the Venezuelan capital in the predawn hours of Jan. 3, 2026, signaled a profound shift in the nature of modern conflict: the convergence of physical and cyber warfare. While U.S. special operations forces carried out &#82...

Posted: Jan 28, 2026

Businesses Pressured to Respond to ICE While Becoming a Target

From family-run cafes to retail giants, businesses are increasingly coming into the crosshairs of President Donald Trump’s mass deportation campaign, whether it’s public pressure for them to speak out against aggressive immigration enforc...

Posted: Jan 28, 2026

People Moves: BMS Re Appoints Grippa US Chief Strategy Officer

BMS Re, the reinsurance arm of independent insurance and reinsurance broker BMS Group, headquartered in New York, appointed Tony Grippa as chief strategy officer for the U.S. business. Grippa will serve on the firm’s U.S. Executive Committee. G...

Posted: Jan 28, 2026

Markets/Coverages: Coalition Starts Private Equity Practice for Cyber Risk

Coalition introduced its Private Equity Practice, a tailored cyber insurance solution with advanced cyber risk management tools and customized coverage. Announced Jan. 27, the new practice, developed with PE-focused brokers, is bespoke for PE firms,...

Posted: Jan 28, 2026

Insurance Giant AXA XL, Enosis Capital Seal ‘Debt-for-Nature’ Tie Up

Credit fund Enosis Capital has sealed an agreement with AXA XL for the insurance giant to provide crucial cover for a new $3 billion wave of “debt-for-nature” deals, the first of which is expected in the next six to nine …

Posted: Jan 28, 2026

Longtime Alabama Dentist Charged With Insurance Fraud in 2025 Office Explosion

In March of 2025 a well-known dentist’s office exploded in the town of Evergreen, Alabama, near the Florida line. Today, the owner of that office, a dentist described as “very successful” and a “very nice guy,” is in jai...

Posted: Jan 28, 2026

People Moves: CRC Adds DeJesus and Woita to Underwriting Leadership; Buckner Names Taylor President...

CRC Group Names DeJesus and Woita to Underwriting Leadership CRC Group hired Joe DeJesus and Austin Woita to its CRC Specialty Underwriting leadership team. DeJesus joined CRC Specialty as an underwriting team leader, based in Sacramento, California....

Posted: Jan 28, 2026

Autonomous Trucking Firm Gatik Inks Contracts Worth $600 Million

Autonomous trucking startup Gatik AI Inc. signed a deal with a major consumer-goods company that will double its contracted revenue to $600 million over five years, helping the self-driving technology developer build out its business shipping goods i...

Posted: Jan 28, 2026

WTW Completes Acquisition of Specialty Broker Newfront

Broker WTW announced it has completed the acquisition of Newfront, a top 40 U.S. broker combining deep specialty expertise and cutting-edge technology. The acquisition is expected to expand WTW’s middle-market reach in specialties such as techn...

Posted: Jan 28, 2026