Insurance Journal
Two tankers collided in waters off the United Arab Emirates and caught fire in the early hours of Tuesday, rattling global oil and shipping markets that have been closely monitoring navigation in the region since Israel began strikes on Iran …
Posted: Jun 17, 2025
Two giant ocean-going tankers collided and caught fire and two other ships were approached by Iranian boats near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets already on high alert. The Front Eagle, an 1,100-foot (3...
Posted: Jun 17, 2025
A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said. Better...
Posted: Jun 17, 2025
IICF Legacy Leaders honored for contributions to the foundation and local communities LOS ANGELES – June 16, 2025 – The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, ho...
Posted: Jun 17, 2025
A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new or renewed policy, a bill that the American Property Casualty Insurance Association (APCIA) says would destabilize the state&...
Posted: Jun 17, 2025
The Texas Department of Transportation said a compromise of an account led to a data breach of a large number of crash records. On May 12, TxDOT identified unusual activity in its Crash Records Information System (CRIS) originating from a …
Posted: Jun 17, 2025
Local officials warned more than half a million Iowans in the state’s capital city and suburbs on Thursday that near-record level of pollutants in its rivers could make drinking water dangerous if immediate steps are not taken to reduce demand....
Posted: Jun 17, 2025
St. Louis Mayor Cara Spencer signed an executive order to waive a 25% holdback of insurance payouts for property damage claims related to the May 16 tornado that damaged at least 10,000 properties in the city. The order instructs the …
Posted: Jun 17, 2025
The death toll from heavy rains that inundated parts of San Antonio has risen to 13, and all those missing have been found, authorities said. More than 7 inches (18 centimeters) of rain fell over a span of hours on …
Posted: Jun 17, 2025
The American Bar Association sued the Trump administration on Monday, seeking an order that would bar the White House from pursuing what the ABA called a campaign of intimidation against major law firms. The lawsuit, filed in federal court in …
Posted: Jun 17, 2025
John Hamer, president of Rodgers Wade Manufacturing in Paris, Texas, makes store fixtures for big retailers like Ross Dress for Less and Ulta Beauty. He sources many of the goods from China, which until recently meant he paid 70% in …
Posted: Jun 17, 2025
India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million. “This aviation insurance claim...
Posted: Jun 17, 2025
Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quart...
Posted: Jun 17, 2025
Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quart...
Posted: Jun 17, 2025
Newly posted data from Florida regulators show that, in the last three years, the number of personal property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The fi...
Posted: Jun 17, 2025
ZestyAI has announced a four-year extension of its partnership with the California FAIR Plan. The Golden State’s insurer of last resort has tapped ZestyAI’s Z-FIRE wildfire risk model for risk assessment since 2021. That model leverages A...
Posted: Jun 17, 2025
MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York …
Posted: Jun 17, 2025
MoneyGram agreed to pay a $250,000 fine to settle a New York state lawsuit over its remittance transfers, two months after the U.S. Consumer Financial Protection Bureau withdrew from the civil case. The accord announced on Monday by New York …
Posted: Jun 17, 2025
“Don’t say this is going to be the worst fire season,” Nevada Gov. Joe Lombardo jokingly told State Forester and Fire Warden Kacey KC at a June 10 wildfire briefing in Carson City. “You say that every year.” KC smiled &#...
Posted: Jun 17, 2025
Mercury Insurance, headquartered in Los Angeles, California, appointed Steve Bennett as its senior director of climate and catastrophe science. In this new position, Bennett will build and lead a team focused on identifying ways Mercury and its polic...
Posted: Jun 17, 2025
Not one but two class action lawsuits have been filed against Erie Insurance even as the insurer continues to investigate its cyber security incident. One lawsuit was filed by an Illinois customer, Neil Plascencia; the other by Amy Haas, a …
Posted: Jun 17, 2025
Wafa Assurance has agreed to acquire a majority stake in Egypt’s Delta Insurance from its current owner Egypt Kuwait Holding Company, as it targets an expansion of its operations in the Egyptian market, it said on Monday. Wafa Assurance, a R...
Posted: Jun 17, 2025
For the first time ever, parts of Alaska are under a heat advisory — but you can put an asterisk at the end of that term. It’s not the first instance of unusually high temperatures in what many consider the …
Posted: Jun 17, 2025
This post is part of a series sponsored by AgentSync. Since his inauguration in late January, President Donald Trump has imposed (and pledged to impose) several tariffs affecting nearly all U.S. imports. While the somewhat sporadic nature of these ac...
Posted: Jun 16, 2025
President Donald Trump has repeatedly said he intends to whittle down or phase out the Federal Emergency Management Agency, and last week he gave a rough timeline for that: “after hurricane season.” “We want to wean off of FEMA, and...
Posted: Jun 16, 2025