Insurance Journal

Silent Cyber Threats: How ‘Shadow AI’ Could Undermine Digital Health Defenses

Across Canada, doctors and nurses are quietly using public artificial-intelligence (AI) tools like ChatGPT, Claude, Copilot and Gemini to write clinical notes, translate discharge summaries or summarize patient data. But even though these services of...

Posted: Nov 21, 2025

Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance

American International Group Inc.’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive to lose a $17 million job be...

Posted: Nov 21, 2025

Viewpoint: Sins of Policy Interpretation. A Call to Repentance

Written words have an intended meaning. Fair-minded readers try to grasp that meaning. But other readers impute motives to the writer either to serve their own ends or to protect the writer from unforeseen consequences. Once, early in my career, &#82...

Posted: Nov 21, 2025

Ohio’s FirstEnergy Ordered to Pay More Than $250M for Bribery Scheme

Ohio utility regulators ordered Akron-based FirstEnergy on Wednesday to pay more than $250 million in fines and refunds as a result of its misconduct in a sweeping Statehouse bribery scandal whose fallout continues five years on. The punishment meted...

Posted: Nov 21, 2025

P/C Insurer Rankings Down Overall on Higher Costs, Changing Customer Expectations

Rising costs and changing customer expectations are driving satisfaction in the insurance and mortgage industry, according to an American Customer Satisfaction Index study. Among the four industries studied — health insurance, life insurance, propert...

Posted: Nov 21, 2025

Federal Judge Denies TRO to Marsh in Case Against Former Employees

A federal judge has denied a temporary restraining order against seven former employees of Marsh sued in one of several lawsuits against defectors to join Howden US. Marsh USA early this month filed a lawsuit against the group of former …

Posted: Nov 21, 2025

Europe to Launch Service to Measure Role of Climate Change in Extreme Weather

The EU is launching a service to measure the role climate change is playing in extreme weather events like heatwaves and extreme rain, and experts say this could help governments set climate policy, improve financial risk assessments and provide evid...

Posted: Nov 21, 2025

SEC’s Epic Post-Shutdown Filing Backlog Risks Stalling US IPOs

Rank-and-file US Securities and Exchange Commission workers have returned to face the paperwork that piled up during the longest government shutdown in US history, and supervisors say the order of the day is “triage.” Deal first with the...

Posted: Nov 21, 2025

Florida Reforms Are Paying Off for Drivers. Don’t Mess it up With Repeal of PIP

For years, I’ve warned that Florida’s legal climate was out of control — driven not by consumers or local businesses, but by a handful of billboard trial lawyers who made fortunes exploiting loopholes in our laws. Their tactics fueled one...

Posted: Nov 21, 2025

California Refinery Closures Spark Pipeline Race to West Coast

A race is on among energy companies to build a major fuel pipeline to the U.S. West Coast, a potentially lucrative prize as the planned closure of two California refineries threatens to send gasoline prices in the isolated market soaring. …

Posted: Nov 21, 2025

Jury Orders Massachusetts State Police to Pay $6.8M Over Discrimination Claims

A jury has ordered the Massachusetts State Police to pay $6.8 million after a finding that it discriminated against female and minority troopers. The verdict confirmed Tuesday by a Suffolk Superior Court clerk came in a lawsuit accusing the agency&#8...

Posted: Nov 21, 2025

People Moves: XPT Specialty Adds Ornce to Workers’ Comp Division

XPT Specialty, headquartered in New Haven, Connecticut, appointed Chris Ornce as a senior vice president in its workers’ compensation division. With over 15 years in the industry, Ornce has a reputation for building and growing agency distribut...

Posted: Nov 21, 2025

The Hartford CEO Takes Lead in Shaping the City of Hartford’s Future

The Hartford Chairman and CEO Christopher Swift has convened a group of corporate and community leaders in greater Hartford to develop a unifying vision for the city. According to the announcement from the namesake insurer based in the city, the &#82...

Posted: Nov 21, 2025

World Insurance Acquires Van Syckel Insurance of New Jersey

World Insurance Associates announced that it acquired the business of Van Syckel Insurance of Bound Brook, New Jersey on August 1, 2025. Terms of the transaction were not disclosed. Van Syckel Insurance, which was started in 1865, is managed by &#823...

Posted: Nov 21, 2025

People Moves: Skyward Specialty Promotes Burkhart to President, U.S. Property & Casualty

Skyward Specialty Insurance Group Inc., headquartered in Houston, Texas, promoted John Burkhart to president, U.S. property & casualty, Skyward Specialty Insurance. In this expanded role, Burkhart will assume oversight of the Company’s capt...

Posted: Nov 21, 2025

People Moves: Encova Insurance Adds Palumbo to Board of Directors

Encova Insurance, headquartered in Columbus, Ohio, named Corey Palumbo to their board of directors. Palumbo is an attorney with Bowles Rice in Charleston, West Virginia, where his primary practice areas include energy litigation, deliberate intent an...

Posted: Nov 21, 2025

State Farm Files for 6.2% Auto Rate Reduction in California

State Farm Mutual Automobile Insurance Co. submitted a rate filing to reduce personal auto insurance rates by 6.2%. The filing has a targeted effective date of Feb. 23, 2026, and is pending approval from the California Department of Insurance. State...

Posted: Nov 20, 2025

Another Fire Ignites at Ford Aluminum Supplier Novelis in New York

Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line, about two months after a blaze halted much of the facility’s production. Ford in October cut its profi...

Posted: Nov 20, 2025

Florida Congresswoman Indicted on Charges of Misusing $5M in FEMA Funds

A federal grand jury in Miami has indicted U.S. Rep. Sheila Cherfilus-McCormick and others, charging that they used federal disaster relief funds for her 2021 Congressional campaign. Federal prosecutors said Cherfilus-McCormick, 46, and her brother,...

Posted: Nov 20, 2025

People Moves: IQUW Taps Munich Re’s Gregory as Reinsurance Underwriter; The Fidelis Partnership Name...

This edition of International People Moves details appointments at IQUW and The Fidelis Partnership. A summary of these new hires follows here. IQUW Taps Gregory From Munich Re as Underwriter in London Reinsurance Team Specialty insurer and reinsurer...

Posted: Nov 20, 2025

Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline

Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In &...

Posted: Nov 20, 2025

Trucordia Acquires Eberle Insurance in Arkansas

Trucordia acquired Eberle Insurance in Arkansas. Eberle Insurance is an independent insurance agency serving Sherwood and the greater Central Arkansas region, including nearby Little Rock. Trucordia is the group name for an insurance brokerage headqu...

Posted: Nov 20, 2025

Insurance IPOs Hit 20-Year High on Wall Street

Insurance companies’ first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump’s trade war. Predictable cash flows and resilient business model ga...

Posted: Nov 20, 2025

Florida Takes Steps to Put Recreational Marijuana on the Ballot Next Year

Florida elections officials have taken early steps under pressure from activists to advance a proposed initiative to legalize recreational marijuana to next year’s ballot, legal filings show. The procedural move comes after the campaign behind...

Posted: Nov 20, 2025

Belgian Farmer Sues French Energy Giant for Damage Caused by Climate Change

A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by climate change, in the latest lawsuit by environmental activists against big energy companies. Ahead of t...

Posted: Nov 20, 2025