Insurance Journal

Vivere Partners in California Raises $7.5M for Specialty Insurance Platform

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 company&#821...

Posted: Apr 03, 2025

People Moves: Pete Anhalt to Lead The General Following Sentry Acquisition

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

People Moves: Anhalt to Lead The General Following Sentry Acquisition

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

Insurance Leaders Raise Record $1.2 million for Charity at IICF Southeast Gala

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

California FAIR Plan Stabilization Act Moving Through Legislature

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

Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts

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

Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison

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

Supreme Court Largely Backs FDA on Flavored Vapes

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

TDI to Adopt 11.5% Workers’ Comp Rate Decrease

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 &#8230...

Posted: Apr 02, 2025

Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says

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

Chipotle to Settle Kansas Religious Harassment Lawsuit

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

Severe Storm Threatens Central US With Heavy Rains, Tornadoes

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

Firm Issued Fake insurance for Russian Oil Tankers, Norway’s Regulator Says

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to...

Posted: Apr 02, 2025

Norway Says Firm Issued Fake Insurance for Russian Oil Tankers. One Company Claimed it Was Registere...

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered RO Marine AS, purported...

Posted: Apr 02, 2025

Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s Regulator Says

The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to...

Posted: Apr 02, 2025

Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models

Verisk said today it has acquired Nasdaq subsidiary Simplitium Limited, the owner and operator Nasdaq Risk Modelling for Catastrophes (NRMC). NRMC is a software-as-a-service platform that supports an open ecosystem where specialized model partners ma...

Posted: Apr 02, 2025

Las Vegas Telsa Arson Suspect to Remain Jailed Until Trial

A man accused of setting fire to Tesla vehicles in Las Vegas will remain jailed until his trial on federal charges of arson and possessing an explosive device, a judge ruled Monday. U.S. Magistrate Judge Elayna Youchah concluded no pretrial …

Posted: Apr 02, 2025

Lemonade: 700K Customers on the Car Insurance Waitlist

While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The...

Posted: Apr 02, 2025

Macy’s to Claw Back Executive Bonuses Due to Accounting Scandal

Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overst...

Posted: Apr 02, 2025

Small Businesses Continue to Be Underserved by Cyber Insurers: CyberCube

Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both a...

Posted: Apr 02, 2025

Suspended Driver Facing Multiple Charges in Brooklyn Crash that Killed Mom, Kids

NEW YORK (AP) — A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a …

Posted: Apr 02, 2025

Suspended Driver Facing Multiple Charges in Brooklyn Crash That Killed Mom, Kids

A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a “tragic accident of a …

Posted: Apr 02, 2025

UK to Compel 1,000 Firms to Shore Up Cyber Defenses After Hacks

The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall un...

Posted: Apr 02, 2025

North Korean IT Warriors Increasingly Target Europe, Google Says

North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...

Posted: Apr 02, 2025

Update: North Korean IT Warriors Push to Infiltrate European Firms

North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...

Posted: Apr 02, 2025