Insurance Journal
The UK should get bolder with overhauling rules to encourage more risk-taking in the financial services sector, according to the City of London’s new Lady Mayor. “The trouble with incremental change, especially in a fast-paced world, is t...
Posted: Dec 08, 2025
ICEYE, a Finnish satellite developer with a number of defense contracts, has raised money at a €2.4 billion ($2.8 billion) valuation, capitalizing on the military spending boom across Europe. Venture firm General Catalyst led the financing round, whi...
Posted: Dec 08, 2025
Indonesia will need 51.8 trillion rupiah ($3.2 billion) to rebuild areas devastated by recent floods and landslides in Sumatra, according to the national disaster agency. More than 900 people have died as a result of monsoon rainfall that was intensi...
Posted: Dec 08, 2025
BNP Paribas plans to increase its stake in Belgium’s largest insurer Ageas to 22.5% from 14.9%, cementing its position as top anchor investor in a two-leg transaction worth 3 billion euros ($3.5 billion), the companies said on Monday. The deal...
Posted: Dec 08, 2025
Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats. Apple and the Alphabet-owned Google are t...
Posted: Dec 08, 2025
A Dunkin’ Donuts cashier who was stabbed by an Atlanta-area rapper has only the workers’ compensation remedy, even if the incident seems far outside the scope of work duites, the Georgia Court of Appeals has decided. “In this case,...
Posted: Dec 08, 2025
Honolulu’s city council authorized $1 million to settle a lawsuit by the family of a 16-year-old boy who was shot and killed by police. The fatal shooting of Iremamber Sykap in 2021 came amid a national reckoning over police use …
Posted: Dec 08, 2025
Massachusetts’ highest court heard oral arguments Friday in the state’s lawsuit arguing that Meta designed features on Facebook and Instagram to make them addictive to young users. The lawsuit, filed in 2024 by Attorney General Andrea Cam...
Posted: Dec 08, 2025
A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 96 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California’s Central Coast. The spill ...
Posted: Dec 05, 2025
As consumers shop around for the right combination of coverage, price and service excellence, building a name for your insurance agency is important. But they may want access to multiple insurance products/carriers, so it pays to go independent. With...
Posted: Dec 05, 2025
Three lawmakers who represent Piedmont, South Dakota, hope to change weak state mining laws that allowed a proposed limestone mine to be sited without notification or input by any local officials or residents. The plan by Simon Contractors to begin &...
Posted: Dec 05, 2025
RiverStone International Appoints Pritchard as UK CEO RiverStone International Holdings, the legacy acquisition company, announced the appointment of Charlotte Pritchard as UK CEO, effective January 5, subject to regulatory approval. Pritchard succee...
Posted: Dec 05, 2025
Acrisure co-founder CEO Greg Williams is giving back to his alma mater in a major way. Michigan State University announced Williams and his wife are committing $401 million to the university, with most of the donation going towards the school’s...
Posted: Dec 05, 2025
Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms were not disclosed. Arena is a leader in the Belgian sports insurance m...
Posted: Dec 05, 2025
Marsh this week announced it has hired Tom Srail its cyber analytics and digital infrastructure leader for the U.S. and Canada. Srail had spend the last 21 years with WTW, mostly recently as executive vice president of its global cyber …
Posted: Dec 05, 2025
Private equity firms EQT AB, PAI Partners and Stone Point have been shortlisted in the bidding for German insurance brokerage Global Group, people familiar with the matter said. Global Group, which is backed by buyout firm Castik Capital, could fetch...
Posted: Dec 05, 2025
A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet GOOGL.O unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the scho...
Posted: Dec 05, 2025
The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission. The startup has become a target of multiple le...
Posted: Dec 05, 2025
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., b...
Posted: Dec 05, 2025
Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that fell short of market expectations. The Zurich-based company said it was aiming for group net income of $4.5 billion next year,...
Posted: Dec 05, 2025
Standard Chartered Plc has settled an investor lawsuit worth £1.5 billion ($2 billion) over allegations it systematically breached sanctions against Iran to win new business. In a London Court of Appeal ruling over disclosure published on Friday, the...
Posted: Dec 05, 2025
China routinely sends astronauts to and from its space station Tiangong. A crew capsule is about to undock from the station and return to Earth, but there’s nothing routine about its journey home. The Shenzhou-20 capsule will carry no crew, ...
Posted: Dec 05, 2025
Cloudflare Inc. said it has fixed a problem that led to the websites for several banks, Shopify, Zoom and LinkedIn to go down Friday. “A fix has been implemented and we are monitoring the results,” the San Francisco-based company said ...
Posted: Dec 05, 2025
A working paper from three well-known economists shows the impacts of global warming and particularly extreme weather on the budgets of American households is up to $900 per year. The paper was authored by former Treasury Department officials Kimberl...
Posted: Dec 05, 2025
Both of the apartment building fires that displaced 70 families in Holyoke this week appear to be accidental but the exact causes remain under investigation, according to city and state fire officials. Holyoke Fire Chief John Kadlewicz and State Fire...
Posted: Dec 05, 2025