Insurance Journal

Industry Veteran Trent Richmond Launches Executio to Address the Insurance Industry’s Chronic ‘Execu...

Kerrville, TX — December 18, 2025 — Industry veteran Trent Richmond has launched Executio, bringing an Execution-as-a-Service (EaaS) model to the independent agency channel to address the conditions that have long suppressed growth, profit, and reali...

Posted: Dec 18, 2025

Japan Faces $6-a-Person Lawsuit Over Climate Change Risks

More than 450 people are suing Japan’s government and seeking damages of 1,000 yen ($6) each, alleging one of the world’s top greenhouse gas emitters isn’t doing enough to combat global warming. The lawsuit, filed Thursday at the To...

Posted: Dec 18, 2025

Viewpoint: AI Offers Key Engine for Insurers – From Prediction to Intelligent Decisioning

When Albania appointed the world’s first AI-powered cabinet minister in September 2025 in an effort to help stamp out corruption from public procurement, reactions ranged from optimism to disbelief. Whether symbolic or substantive, the announce...

Posted: Dec 18, 2025

What to Know About Trump’s Executive Order to Curtail State AI Regulations

President Donald Trump signed an executive order Thursday pressuring states not to regulate artificial intelligence. Trump and some Republicans argue that the limited regulations already enacted by states, and others that might follow, will dampen in...

Posted: Dec 18, 2025

Google Sues Chinese ‘Darcula’ Group Over Alleged Phishing Scheme

Alphabet Inc.’s Google filed a lawsuit against alleged Chinese cybercriminals, accusing the group of orchestrating a vast phishing campaign designed to dupe Americans into turning over their credit card numbers. The group, which Google refers t...

Posted: Dec 18, 2025

Insurance AI Demo Day Calendar Announced

Wells Media Group Inc. today announced the 2026 Insurtech + AI Demo Day events calendar, a lineup of virtual events featuring live demos of the AI and technology tools and innovations shaping the insurance industry. The series is presented by …

Posted: Dec 18, 2025

Icahn Money Manager Sues His Bosses and Bausch + Lomb Over Anti-White Bias

A money manager at Carl Icahn’s investment firm is suing Bausch + Lomb Corp. and his billionaire employer, alleging he was discriminated against for being White. The manager, Steven Miller, claims he wasdenied a board seat when the activist inv...

Posted: Dec 18, 2025

Ex-Greensill Executives Charged in Germany Over Bankruptcy

German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender. The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed …

Posted: Dec 18, 2025

European Rating Agency Scope Plans Global Expansion Drive and IPO

Scope Ratings, which brands itself as Europe’s home-grown alternative to S&P, Moody’s and Fitch, plans a U.S. expansion drive and a stock market listing in the coming years, its founder and chief executive has told Reuters. Berlin-hea...

Posted: Dec 18, 2025

‘Door Knocker’ Roofers Were Everywhere. NC Farm Bureau Saw an Opportunity

It began with “door knockers” – the all-too-familiar practice of roofing companies telling homeowners that they could get a new roof with little or no out-of-pocket expense. North Carolina Farm Bureau Insurance, the 2nd-largest property i...

Posted: Dec 18, 2025

Lawyers Clash Over Angels’ Alleged Role in Skaggs’ Overdose Death

A lawyer for the family of late pitcher Tyler Skaggs argued that the Los Angeles Angels’ failure to investigate reports of drug use and dealing by the team’s communications director led to the overdose death of the 27-year-old player. An...

Posted: Dec 18, 2025

Mavis Tire to Pay $304K for Religious Discrimination Against Jewish Applicant

Mavis Tire Supply, a nationwide tire dealer and automotive service provider based in White Plains, New York, entered into a conciliation agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to resolve a religious discrimination and...

Posted: Dec 18, 2025

NY Times Asks Judge to Dismiss Trump’s ‘Implausible’ Defamation Suit

The New York Times asked a judge to once again dismiss President Donald Trump’s $15 billion defamation lawsuit, arguing the complaint is based on “implausible allegations” that cannot overcome First Amendment protections. The suit f...

Posted: Dec 18, 2025

NFP Acquires Hamilton Insurance in Virginia

Insurance broker NFP, an Aon company, announced the acquisition of Hamilton Insurance Agency, a property/casualty broker and benefits administration provider in Fairfax, Virginia. Hamilton has been a leader in the insurance market for the senior hous...

Posted: Dec 18, 2025

Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance

The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not &#823...

Posted: Dec 17, 2025

Georgia Commissioner Touts More Auto Rate Reductions by Major Insurers

Georgia Insurance Commissioner John King announced more auto insurance rate reductions for motorists in the state—the second announcement in as many months. King credited tort-reform laws and stepped-up efforts to combat insurance fraud. “As we...

Posted: Dec 17, 2025

People Moves: Jencap Names Edge Binding Team Manager; Alliant Hires Givens

Jencap, one of the largest wholesale brokerages in the U.S., announced that John Michael “JM” Edge, formerly of Amwins, is the new property and casualty binding team manager for Atlanta, Charlotte and Denver teams. Edge spent more than 10...

Posted: Dec 17, 2025

Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC

“Megadeals” are ruling insurance industry mergers and acquisitions as action remained consistent throughout 2025, with the prospect that the need for growth with drive more deals in 2026. According to a new report from PwC, 93% of deal va...

Posted: Dec 17, 2025

People Moves: Hamilton Re Promotes Hunt to SVP, Head of Property Insurance; MGA Arrow Launches Profe...

This edition of International People Moves details appointments at Hamilton Insurance Group and MGA Arrow Risk Management. A summary of these new hires follows here. Hamilton Re Promotes Hunt to SVP, Head of Property Insurance Hamilton Insurance Grou...

Posted: Dec 17, 2025

Insurance Tech: Zywave Releases Suite of Specialized AI Agents

Insurance technology provider Zywave unveiled an agentic AI strategy, and what it calls the industry’s first suite of insurance-specialized AI agents. The agents will help insurance companies transform how they work and achieve unprecedented le...

Posted: Dec 17, 2025

India’s Parliament Approves Bill to Raise Foreign Direct Investment in Insurance to 100%

India’s parliament on Wednesday approved a bill to raise foreign direct investment in the insurance sector to 100% from 74%, a move that will help insure more people in the world’s most populous country. The increase in the FDI limit &#82...

Posted: Dec 17, 2025

Auto Insurers Must Soon Submit Info to New Kentucky Insurance Verification System

Kentucky’s Transportation Cabinet and Department of Insurance have launched a new vehicle insurance verification system, and auto insurers have until Jan. 15 to start getting on board. The new Kentucky Insurance Verification System, authorized...

Posted: Dec 17, 2025

Court Awards $32 Million Over Premature Baby’s Death at Yale Hospital

A Connecticut court has awarded $32 million to the estate of a child born prematurely who died three months later after being given a cow-based nutrition fortifier by Yale New Haven Hospital without the parents’ or any consent. The decision &#8...

Posted: Dec 17, 2025

Pacific Northwest Gets Brief Break Before Storms Return Thursday

Rain will ease Wednesday across the Pacific Northwest after floods and winds left at least 600,000 without power, forced hundreds of people in Washington to flee their homes and killed at least one person. The respite is expected to be …

Posted: Dec 17, 2025

Poorer Americans Dropped Federal Flood Insurance When Rates Rose

When the US Federal Emergency Management Agency overhauled rates for millions of homeowners in the National Flood Insurance Program (NFIP), in 2021, the goal was to end decades of underpricing and to align premiums with real flood risk, driven higher...

Posted: Dec 17, 2025