Insurance Journal
Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades …
Posted: Apr 03, 2025
President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental...
Posted: Apr 03, 2025
President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental...
Posted: Apr 03, 2025
The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire waters. Tucked under their drinks were napkins emblazoned with a slogan akin to a pickup line: “Let’s go...
Posted: Apr 03, 2025
The Chinese military conducted large-scale drills in the waters and airspace around Taiwan on Tuesday that included an aircraft carrier battle group, as it again warned the self-ruled democracy against seeking formal independence. The exercises invol...
Posted: Apr 03, 2025
Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023. DWS gave a false …...
Posted: Apr 03, 2025
Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall. Authorities on Paros and Mykonos, meanwhile, worked to clear overturned cars and debris following hailstorms and torrential...
Posted: Apr 03, 2025
Liberty Mutual Insurance, based in Boston, appointed Dieter Korte as president, middle market, Global Risk Solutions North America (GRS NA), reporting to GRS NA President Marc Orloff. “These companies have the same exposures as larger organizat...
Posted: Apr 03, 2025
The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how collaboration among original equipment...
Posted: Apr 03, 2025
Workers’ compensation specialist insurer MEMIC, based in Maine, has recognized three agencies in the Northeast for top service to policyholders. HUB International Northeast, with offices in New York City; Brown & Brown, in Dedham, Massachus...
Posted: Apr 03, 2025
A huge natural gas-powered data center that will serve the growing demands of artificial intelligence is being planned for the site of a former coal-fired power plant in Pennsylvania. The 3,200-acre (1,295-hectare) data center campus, located about 5...
Posted: Apr 03, 2025
Nashville-based FB Financial Corp., parent company of FirstBank and FirstBank Insurance Agency, plans to merge with Southern States Bancshares, the parent of Southern States Bank, headquartered in Anniston, Alabama, the bank announced this week. Sout...
Posted: Apr 03, 2025
Nashville-based FB Financial Corp., parent company of FirstBank and FirstBank Insurance Agency, plans to merge with Southern States Bancshares, the parent of Southern States Bank, headquartered in Anniston, Alabama, the bank announced this week. Sout...
Posted: Apr 03, 2025
Vivere Partners, a specialty insurance platform focused on niche lines of insurance, completed a $7.5 million Series A funding round led by General Catalyst, Pathlight Ventures and Greenlight Re. The funding is intended to accelerate the company̵...
Posted: Apr 03, 2025
Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland brand and brings decades of leadershi...
Posted: Apr 02, 2025
Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s September 2024 acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland brand and brings decad...
Posted: Apr 02, 2025
Laura Beckmann of AmRisc honored with 2025 Philanthropic Leadership Award Dallas, TX, April 2, 2025 –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, raised a r...
Posted: Apr 02, 2025
A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs &#...
Posted: Apr 02, 2025
Specialist insurer CFC announced a new cyber product – Cyber Proactive Response (CPR) – aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only &...
Posted: Apr 02, 2025
An Iowa man was sentenced last week to ten years in prison after pleading guilty to Insurance Fraud (Class D Felony) and Fraudulent Practice (Class D Felony), following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau. B...
Posted: Apr 02, 2025
The US Supreme Court largely sided with the Food and Drug Administration in its rejection of applications to sell flavored vaping products, backing actions the agency took during Joe Biden’s presidency amid uncertainty about the approach it wil...
Posted: Apr 02, 2025
The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …...
Posted: Apr 02, 2025
The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund...
Posted: Apr 02, 2025
National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency anno...
Posted: Apr 02, 2025
Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting power...
Posted: Apr 02, 2025