Insurance Journal

People Moves: Demex Promotes Anderson to CEO, Coleman to President; Fumarola Coalition’s Chief Produ...

Demex, a technology-enabled reinsurance solution provider headquartered in New York City, promoted Michael Anderson to CEO following four years as chief growth officer. Demex also promoted Matthew Coleman to president, reinsurance from chief risk off...

Posted: Dec 03, 2025

Tech Industry Drive to Block State AI Laws Hits Wall in Congress

A powerful coalition of tech companies backed by the White House’s artificial intelligence chief appears to have failed to persuade lawmakers to use a must-pass defense bill to block state governments from regulating artificial intelligence, a...

Posted: Dec 03, 2025

Asurion Agrees to Buy CVC-Backed UK Warranty Provider D&G

Asurion LLC has agreed to acquire UK warranty business Domestic & General Group Ltd. as the US company looks to expand its business and geography. Nashville, Tennessee-based Asurion is buying D&G from CVC Capital Partners Plc and the Abu Dhab...

Posted: Dec 03, 2025

Bank of England Sees Rising Financial Risks From AI and Lending

The Bank of England said on Tuesday that threats to Britain’s financial system had risen this year due to stretched valuations of companies investing in artificial intelligence, risky lending and bets with borrowed money in government bond mark...

Posted: Dec 03, 2025

Viewpoint: Agentic AI Is Coming to Insurance Industry – Much Faster Than You Think

There has been much discussion in the insurance industry about artificial intelligence (AI) and how it can take on mundane, laborious tasks and complete them in a fraction of the time it would take a human. But the technology is …

Posted: Dec 03, 2025

Flood Quotes Aims to Make it Easier for Agents to Compare Premiums and Bind Policies

A new flood insurance quoting platform aims to streamline the process for insurance agents and brokers, providing real-time quotes from federal and private insurers all in one place. Flood Quotes is owned by National Flood Insurance LLC, and is based...

Posted: Dec 03, 2025

People Moves: Simplifai, Providing AI for Claims, Names New Board Members

Simplifai, a provider of agentic artificial intelligence for property-casualty insurance claims, with offices in Miami, Florida, and Oslo, Norway, has named new members to its board of directors. Noel Hamill and Nils Thomas Lien, both of whom have bu...

Posted: Dec 03, 2025

Report Asks Washington Lawmakers to Require Insurers to Better Track Wildfire Risk

A working group on wildfires in Washington wants the state Legislature to consider requiring insurers to internally track instances in which wildfire risk materially contributes to a policy nonrenewal, cancellation or eligibility determination—and to...

Posted: Dec 03, 2025

Why Maine Opposes New Limits on Truck Driver’s Licenses for Legal Immigrants

The Maine Bureau of Motor Vehicles (BMV) has joined the opposition to a federal rule that limits which legal immigrants can obtain a commercial driver’s license (CDL) or permit. The state says that if the new restrictions go into effect, &#8230...

Posted: Dec 03, 2025

Former Vermont Captive Regulator Bigglestone Joins SRS as Managing Director

Strategic Risk Solutions (SRS), an independent manager of insurance companies including captives, announced the appointment of Sandy Bigglestone as managing director/chief officer for Governance, Regulatory and Compliance. Beginning in January 2026,...

Posted: Dec 03, 2025

People Moves: Former Vermont Captive Regulator Bigglestone Joins SRS

Strategic Risk Solutions (SRS), an independent manager of insurance companies including captives, announced the appointment of Sandy Bigglestone as managing director/chief officer for Governance, Regulatory and Compliance. Beginning in January 2026,...

Posted: Dec 03, 2025

San Francisco Sues Kraft, Coca-Cola Over Ultra-Processed Foods

The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit...

Posted: Dec 02, 2025

Illinois Attorney General Announces $120M Settlement with Monsanto

Illinois Attorney General Kwame Raoul announced a $120 million settlement with Monsanto Company (Monsanto) and affiliates Solutia Inc. and Pharmacia LLC over the environmental and health effects of Monsanto’s decades-long production of polychlo...

Posted: Dec 02, 2025

Illinois Attorney General Announces $120M Settlement With Monsanto

Illinois Attorney General Kwame Raoul announced a $120 million settlement with Monsanto Company (Monsanto) and affiliates Solutia Inc. and Pharmacia LLC over the environmental and health effects of Monsanto’s decades-long production of polychlo...

Posted: Dec 02, 2025

RSUM Rebrands NAPL as Ryan Financial Lines

Ryan Specialty Underwriting Managers (“RSUM”), the underwriting management division of Ryan Specialty (NYSE: RYAN), announced the formal rebranding of their North American Professional Liability (“NAPL”) team to Ryan Financial...

Posted: Dec 02, 2025

Louisiana Department of Insurance Holds Pop-Up Office in Lake Charles

The Louisiana Department of Insurance (LDI) is holding an Insurance Pop-Up Office from 8:30 a.m. – 4 p.m. on Tuesday, Dec. 2, and Wednesday, Dec. 3., for residents of Lake Charles and the surrounding area. The event is at the …

Posted: Dec 02, 2025

Two Killed, 10 Displaced in Savannah Apartment Complex Fire

Two people died and 10 more were forced out of their dwellings by a fire that cut through an apartment complex near Savannah, Georgia. Local news outlets reported that the blaze broke out early Sunday morning at The Commons, a …

Posted: Dec 02, 2025

People Moves: Brown & Riding Names McKeon to Underwriting & Selection Accounts Division

Brown & Riding announced Carmen McKeon has joined its Underwriting & Select Accounts Division. With nearly two decades of experience in the excess and surplus lines market, McKeon has built a reputation for guiding high-performing teams and d...

Posted: Dec 02, 2025

People Moves: Brown & Riding Names McKeon to Underwriting & Selection Accounts

Brown & Riding announced Carmen McKeon has joined its Underwriting & Select Accounts Division. With nearly two decades of experience in the excess and surplus lines market, McKeon has built a reputation for guiding high-performing teams and d...

Posted: Dec 02, 2025

Lowe’s to Pay $12.5M for Lead Paint Violations During Home Renovations

Lowe’s must pay $12.5 million over renovation work performed by its contractors at hundreds of homes across the country. The Justice Department and the Environmental Protection Agency announced a proposed nationwide settlement with Lowe’s...

Posted: Dec 02, 2025

Florida, East Coast to See Big Insured Losses from More Cat 5 Storms, Researchers Say

The just-ended 2025 Atlantic hurricane season surprised some forecasters after it produced no major storms that hit the United States. But the hurricanes that did arise, with most remaining offshore and one slamming Jamaica, were mostly Category 5 be...

Posted: Dec 02, 2025

Florida, East Coast to See Big Insured Losses From More Cat 5 Storms, Researchers Say

The just-ended 2025 Atlantic hurricane season surprised some forecasters after it produced no major storms that hit the United States. But the hurricanes that did arise, with most remaining offshore and one slamming Jamaica, were mostly Category 5 be...

Posted: Dec 02, 2025

SEC Chief Wants to Boost IPOs by Easing Rules for Small Firms

The nation’s top securities regulator is planning to make it easier for small companies to go public by cutting mandatory disclosures and scaling back requirements based on the size of the firm. Such a move could increase the initial public &#8...

Posted: Dec 02, 2025

Trump Administration Backs Bayer’s Bid to Curb Roundup Lawsuits

President Donald Trump’s administration urged the U.S. Supreme Court on Monday to take up Bayer’s bid to curtail thousands of lawsuits claiming its Roundup weedkiller causes cancer, pushing the group’s shares to their highest in alm...

Posted: Dec 02, 2025

Luigi Mangione’s Arrest Videos Played at Hearings Over Insurance Executive’s Killing

Police spoke to Luigi Mangione in a McDonald’s restaurant for more than 30 minutes before arresting him for allegedly gunning down a UnitedHealthcare UNH.N executive, according to videos played on Monday during state court hearings over whether...

Posted: Dec 02, 2025