Insurance Journal

Bayer Settles Sky Valley Cases Over Chemical PCB

Bayer said on Monday it reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to the chemical PCB, but said payments were already reflected in recent financi...

Posted: Aug 18, 2025

Markets/Coverages: Vortex Pays Out After a Mere ‘Trace’ of Rain

Vortex Weather Insurance has introduced RainSure, the latest addition in its line of parametric rain insurance products. RainSure differs from Vortex’s existing parametric rain insurance products by offering incremental payouts for every .01 in...

Posted: Aug 18, 2025

People Moves: Insurance Women Chapter Forms in Western Massachusetts

Pioneer Valley Launches MAIW Chapter Insurance industry professionals have established a new chapter of the Massachusetts Association of Insurance Women (MAIW) in the Pioneer Valley region in western Massachusetts. The 2025-2026 MAIW – Pioneer Valley...

Posted: Aug 18, 2025

Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity

Georgia’s insurance commissioner announced plans to fine 22 health insurers a total of $20 million for failing to cover mental health treatments as required by law, but he did not name the insurance companies in the announcement. “…Our in...

Posted: Aug 18, 2025

Maersk Contains Fire Onboard Vessel off Liberia, Intensifies Firefighting Efforts

Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further. “Over the weekend, th...

Posted: Aug 18, 2025

After Player Safety Report and $9M Jury Award, US Tennis Starts Coaching Program

The U.S. Tennis Association announced the start of its first all-encompassing coaching program on Wednesday, a little more than a year after an outside review of the USTA’s safeguarding system offered recommendations for how to better protect p...

Posted: Aug 18, 2025

Apollo’s Fox Hedge Is Taking Financial Wizardry to a New Level

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Private Credit: Apollo’s Fox Hedge Is Taking Financial Wizardry to New Level

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Northern China Flash Flood Kills 10, Xinhua Reports

At least 10 people died in a flash flood in northern China, state media reported on Sunday [Aug. 17], with two others still missing, as the East Asian monsoon continues to unleash atmospheric chaos across the world’s second-largest economy. The...

Posted: Aug 18, 2025

No End in Sight to Plastic Pollution Crisis as Treaty Negotiations in Geneva Fail

Negotiations to reach a major treaty to end growing plastic pollution around the world fell apart on Friday [Aug. 15], with delegates in Switzerland adjourning with no immediate plans to resume. The consequence of the failed talks is devastating, as...

Posted: Aug 18, 2025

Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos

Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, exclud...

Posted: Aug 18, 2025

California’s new take on wildfire loss models, and what this means for property insurers

The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of initiatives to help insurers offer...

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US Coast

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US But High Surf and Rip Currents

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US; High Surf, Rip Currents Expected

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Update: Hurricane Erin Strengthens, Threatens East Coast With Rough Surf

Hurricane Erin has re-intensified as it moves past the Bahamas, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast, battering beaches later this week. Erin’s top winds …

Posted: Aug 18, 2025

Update: Hurricane Erin Strengthens, Threatens US East Coast With Rough Surf

Hurricane Erin will likely become even larger as it churns past the Bahamas, avoiding land but raising the risk of high winds and flooding hundreds of miles away along North Carolina beaches. Erin’s top winds measured at 140 miles (225 …

Posted: Aug 18, 2025

Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires

The Texas attorney general is investigating utility Xcel Energy Inc. and its contractor for two wildfires that devastated the state last year, saying the companies may have prioritized environmental and diversity goals over maintenance and safety. &#...

Posted: Aug 18, 2025

Carrier Revenue Growth Expected to Outpace Hiring in Next Year

Approximately 81% of insurance companies expect to increase their revenue in the next 12 months, but only about 53% expect to increase their staff in that same period, according to a new insurance labor market outlook study from The Jacobson …

Posted: Aug 18, 2025

Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says

A September trial for a Tampa woman charged with posing as an insurance agent and keeping thousands of dollars in auto insurance premiums has been postponed until December. Katrenia Lynette Harris, 54, was indicted by a federal grand jury in …

Posted: Aug 18, 2025

New York City Reports 4th Person Died Has After Legionnaires’ Disease Outbreak

A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The ou...

Posted: Aug 18, 2025

New York City Reports 4th Person Has Died After Legionnaires’ Disease Outbreak

A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The ou...

Posted: Aug 18, 2025

Trump’s Debanking Order Could Create Uncertainty for Banks, Sources Say

U.S. President Donald Trump’s executive order requiring banks not to discriminate against clients on political or religious grounds could create uncertainty and administrative headaches for the industry, sources said. Trump signed an executive...

Posted: Aug 18, 2025

People Moves: Chieppo Joins Mechanic Group; Foster Named Chair of NY Workers’ Comp Board

The Mechanic Group Appoints Chieppo Practice Leader The Mechanic Group, a division of Specialty Program Group LLC (SPG) headquartered in Pearl River, New York, appointed Candace Chieppo as practice leader. She is responsible for delivering coverage a...

Posted: Aug 18, 2025

Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion

Preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead and sent 10 to hospitals, the company said Friday. U.S. Steel said it developed the information, …

Posted: Aug 17, 2025