Insurance Journal

World Insurance Adds New Jersey’s Mossbrook & Hicks Insurance Agency

New Jersey-based insurance broker World Insurance Associates reports that it acquired the business of Mossbrook & Hicks Insurance Agency of Cape May Court House, New Jersey on August 1, 2025. Terms of the transaction were not disclosed. The perso...

Posted: Nov 26, 2025

Hackers Strike Ivy League Schools Already Under Political Pressure

Hackers have struck elite US universities in recent weeks, pilfering sensitive data from donors and making off with students’ information in a string of digital heists that only add stress to schools already besieged with political pressure. Da...

Posted: Nov 26, 2025

ICT and State Farm Launch Campaign to Combat Rising Vehicle Theft in Texas

The Insurance Council of Texas (ICT) and State Farm are partnering for the 2025 Lock It Down! campaign—an ongoing statewide effort to reduce motor vehicle theft, burglary, and fraud-related crime. This year’s campaign includes a new component:...

Posted: Nov 25, 2025

Homesellers Pull Listings Off Market as Interest Fades

Homesellers in the US are yanking listings off the market, as the nation’s real estate sector stagnates. Nearly 85,000 sellers removed their properties in September, the highest number for that month in eight years, according to Redfin. The num...

Posted: Nov 25, 2025

Surge in Water Demand Could Put Ohio Farmers and Industry on Collision Course

Deep inside a report on the future of water in central Ohio is this warning: Industrial demands for water will skyrocket at the same time experts expect farmers will need to regularly irrigate their fields during the critical growing period …

Posted: Nov 25, 2025

Amazon Delivery Company Sued in Michigan for Disability Discrimination

ALM Freight, LLC, an Amazon Delivery Service Partner company, and LMDmax Corp., violated federal law at ALM’s Pontiac, Michigan facility by failing to provide a reasonable accommodation for a deaf job applicant after she requested an American S...

Posted: Nov 25, 2025

Texas Youth Camps Urged to Address Mental Health as Part of State Safety Mandates

Texas officials are requiring youth camps to have weather alert systems, mandated emergency preparedness plans, and various communication methods to help children and their families feel safe when they return this summer. But one thing is still missi...

Posted: Nov 25, 2025

Most Consumers Aware and Worried How Litigation Increases Insurance Cost

The message appears to be getting through to consumers: Excessive insurance litigation is not good for insurance costs. According to a new survey from the Independent Insurance Agents & Brokers of America (the Big I), 64.3% of those surveyed are...

Posted: Nov 25, 2025

Businessman, Former Federal Insurance Co. Attorney Hit With $50M Florida Verdict

In a lawsuit begun more than a decade ago and which led to counter-suits, appeals to the Florida Supreme Court and attention from national tort-reform groups, a Palm Beach County jury has awarded more than $50 million to the former …

Posted: Nov 25, 2025

A Message from Rob Bourne, New General Manager of EZLynx

As we close out 2025, it has been incredible to witness the new ways AI and technology continue to transform and be applied across all aspects of the insurance lifecycle — from client servicing to managing email communications and summarizing …

Posted: Nov 25, 2025

UK Insolvencies Surge as Higher Business Costs Deepen Strain

UK insolvencies are rising sharply, with a leading trade credit insurer saying any new government policies that stand to raise business costs risk further pressuring vulnerable sectors. The increase reflects the impact of measures announced in last y...

Posted: Nov 25, 2025

Three Swiss Insurers Added to G20 Watchdog Resolution Plan List

Zurich Insurance, Swiss Re, and Swiss Life have been added to a list of insurance firms that must develop resolution plans in case of insolvency, the G20’s financial watchdog said on Tuesday. The Financial Stability Board published an updated g...

Posted: Nov 25, 2025

Trucordia Expands in New England With Acquisition of Charles River Insurance

Utah-based Trucordia announced it has acquired Charles River Insurance, an independent insurance agency based in Framingham, Massachusetts that serves the greater Boston and central Massachusetts regions. Charles River Insurance provides personal, co...

Posted: Nov 25, 2025

Royal Bank of Canada Denies Claims of ‘Boys Club’ Culture, Bias Against Women

Royal Bank of Canada denies claims that it fostered a “boys’ club” environment at its US capital-markets business, disputing allegations that the firm engaged in sex-based discrimination against female bankers and offered unequal pa...

Posted: Nov 25, 2025

Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes

On the hunt for cheap and fast strategies to prevent deadly wildfires, utilities across the US and Europeare contracting with a handful of artificial intelligence startups to map wildfire risk along thousands of miles of power lines, picking out indi...

Posted: Nov 25, 2025

Deadly Floods Hit Southeast Asia as More Rain Forecast

Heavy rainfall has unleashed deadly floods across Southeast Asia, damaging crops and stranding tourists, with more downpours expected into early next week. Flooding in southern Thailand has killed at least 13 people and swamped around 800,000 househo...

Posted: Nov 25, 2025

Insurers’ Investment in Synthetic Risk Transfers Face Fresh Scrutiny Under EU Proposals

Insurers putting money into one of private credit’s hottest trends will face fresh oversight from the EU’s financial stability watchdog, under new proposals to bridge the gap between member states on a deal to revamp Europe’s securi...

Posted: Nov 25, 2025

Credit Suisse Fails to Topple $600 Million Rogue-Banker Bill

A Credit Suisse unit in Bermuda lost its UK court fight to topple a $600 million damages award to sanctioned Georgian tycoon Bidzina Ivanishvili. The Privy Council — the top tribunal for cases brought in many British territories — dismissed …

Posted: Nov 25, 2025

Thanksgiving No. 1 Day of the Year for Cooking Fires in US

Thanksgiving is the No. 1 day of the year for home cooking fires in the U.S., and leaving food unattended is the leading cause, the Red Cross reported. According to the National Fire Protection Association, cooking accounts for 80% of …

Posted: Nov 25, 2025

How AI Could Reboot Britain’s Services-Heavy Economy

When accountants at mid-tier firm Moore Kingston Smith began using artificial intelligence to speed up their work, profit margins jumped. Colleagues in another team running checks against corporate fraud created a report for customers in two hours, s...

Posted: Nov 25, 2025

Binance Faces Lawsuit by Hamas Victims Under Anti-Terrorism Law

Binance Holdings Ltd. faces a lawsuit claiming the cryptocurrency platform “knowingly facilitated” crypto transactions by Hamas before the group attacked Israel on Oct. 7, 2023, killing 1,200 people and taking 250 hostages. More than 300...

Posted: Nov 25, 2025

Insurance Customers Skeptical About AI Processes and Benefits

While insurance consumers may be warming up to artificial intelligence, 68% say they believe the insurance company gets most of or all the benefits of AI adoption. AI is becoming more ingrained and accepted as part of the insurance industry’s &...

Posted: Nov 25, 2025

Barge Looted in the Bahamas Returns to Florida But Insurance Claims Mounting

A barge carrying 192 shipping containers that ran aground in the Bahamas and was quickly looted has returned to Jacksonville, ending a stormy journey that will likely result in millions of dollars in insurance claims. The barge, known as the …

Posted: Nov 25, 2025

Barge Looted in the Bahamas Returns to Florida but Insurance Claims Mounting

A barge carrying 192 shipping containers that ran aground in the Bahamas and was quickly looted has returned to Jacksonville, ending a stormy journey that will likely result in millions of dollars in insurance claims. The barge, known as the …

Posted: Nov 25, 2025

New Homeowners Insurance Product in California Launched by bolt

Insurtech bolt launched a new homeowners insurance offering the firm is calling VTRO. VTRO is a California-based managing general agent created by bolt. VTRO combines comprehensive coverage with bolt’s smart water sensor technology. The firm sa...

Posted: Nov 25, 2025