Insurance Journal

Tesla Gets Permit to Run as Transportation Network Company in Arizona

Tesla has received a permit to operate as a transportation network company in Arizona, a state regulator said on, in a step toward expanding the electric vehicle maker’s robotaxi service. The TNC permit will allow Tesla to run an Uber-like &#82...

Posted: Nov 20, 2025

Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG

Lloyd’s of London is investigating its former chief executive officer, John Neal, who was set to start at American International Group Inc. next month before the company disclosed he’s no longer joining due to “personal circumstance...

Posted: Nov 19, 2025

AM Best Downgrades State Farm Mutual Auto

AM Best has downgraded the financial strength ratings of State Farm Mutual Automobile Insurance Company and its affiliates to A+ from A++, reflecting a revision to Best’s assessment of the group’s operating performance. The affiliates inc...

Posted: Nov 19, 2025

Former Florida Broker and Texas Man Convicted in ACA Scheme That Paid $180M

A federal jury in south Florida this week convicted a formerly licensed insurance broker and the head of a marketing firm for their roles in a years-long scheme to fraudulently enroll homeless people in Affordable Care Act insurance plans. Cory &#823...

Posted: Nov 19, 2025

HP Seeking $1.8 Billion From Mike Lynch’s Estate After UK Autonomy Lawsuit

Hewlett Packard Enterprise is seeking nearly $1.8 billion from the estate of the late Mike Lynch over HP’s acquisition of his British tech firm Autonomy, the U.S. technology giant’s lawyers told London’s High Court on Tuesday. Hewle...

Posted: Nov 19, 2025

‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3, Says CIAB

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lines of business were either flat...

Posted: Nov 19, 2025

King Risk Acquires Surles Agency in North Carolina

King Risk Partners, which said it is now the 51st largest insurance brokerage in the United States, has acquired Stuart Surles Insurance agency in Angier, North Carolina, near Raleigh. The Surles agency, founded some 30 years ago, specializes in farm...

Posted: Nov 19, 2025

Single Loose Wire Led to Blackout That Caused Dali Crash Into Baltimore Bridge

A plastic label on a single loose wire that blocked the wire from being fully connected caused an electrical blackout that led to the fatal collision of the 984-foot-long containership Dali into Baltimore’s Francis Scott Key Bridge in 2024. Inv...

Posted: Nov 19, 2025

People Moves: Marsh UK Promotes Addington-Smith as CEO, Succeeding Lay

Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of James Addington-Smith as CEO of Marsh UK. Subject to regulatory approval, Addington-Smith will take up his new role early in 2026 and report to Flavio Piccolomini...

Posted: Nov 19, 2025

US Faces Winter Blackout Risks From Data Centers’ Power Needs

Rising electricity demand from data centers is raising the risk of blackouts across a wide swath of the US during extreme conditions this winter, according to the regulatory body overseeing grid stability. Power consumption has grown 20 gigawatts fro...

Posted: Nov 19, 2025

Russia Attacks on EU Are State-Sponsored Terrorism, Top Diplomat Says

The European Union’s top diplomat said that Moscow’s aggression against the bloc, including an explosion that occurred in Poland over the weekend, should be considered terrorism. “These sabotage acts they are organizing on our terri...

Posted: Nov 19, 2025

Oil Tanker Seized by Iran Is Released With Cargo Missing

An oil tanker that was seized by Iranian forces last week has been freed but without its cargo, the vessel’s manager said. The crew of the Talara, which was captured on Friday, are safe and in good spirits, Columbia Shipmanagement …

Posted: Nov 19, 2025

OAK Enterprise Gets Approval From Lloyd’s to Underwrite Retro via Syndicate 1440

OAK Global, the Lloyd’s reinsurance business, announced it has received permission from Lloyd’s to underwrite via Syndicate 1440. The new syndicate will operate as the strategic business unit OAK Enterprise, providing property and special...

Posted: Nov 19, 2025

Hurricane Readiness: Protecting Your Property This Season

This post is part of a series sponsored by IAT Insurance Group. The 2025 Atlantic hurricane season is shaping up to be one of the most active yet, with up to 25 named storms expected — and the potential for …

Posted: Nov 19, 2025

Fall into Efficiency This Season with Simplified Commercial Lines Submissions

This post is part of a series sponsored by EZLynx. With fall in full swing, independent insurance agencies are gearing up for one of the busiest—and most festive—times of the year. Between Thanksgiving dinners, holiday planning, and the inevitable ye...

Posted: Nov 19, 2025

Europe’s Banks Face ‘Unprecedentedly High’ Risk of Shocks, ECB Warns

Euro zone banks must prepare for unprecedented shocks causing severe disruptions with far-reaching consequences for financial systems, the European Central Bank said on Tuesday as it outlined its supervisory priorities for the next three years. The E...

Posted: Nov 19, 2025

Amazon, Google Named by EU Among ‘Critical’ Tech Providers for Finance Industry

European Union regulators on Tuesday designated 19 technology companies, including Amazon Web Services, Google Cloud, and Microsoft, as critical third-party computing providers for the bloc’s finance industry. Under the EU’s Digital Opera...

Posted: Nov 19, 2025

Former Owner of Arkansas Apartment Complex Sued for Sexual Misconduct

The Justice Department announced that it has filed a lawsuit against Thomas Ray Kelso, the former owner and manager of rental properties formerly known as Briarwood Apartments in Searcy, Arkansas, for engaging in sexual harassment and retaliation in...

Posted: Nov 19, 2025

Tulsa Approves Ordinance Allowing Fire Department to Bill Insurers for Car Accident Responses

The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance...

Posted: Nov 19, 2025

Tulsa to Allow Fire Department to Bill Insurers for Car Accident Responses

The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance...

Posted: Nov 19, 2025

People Moves: Chubb Appoints Hazelton COO of North America Field Operations; Haase Joins Everest as...

Chubb Appoints Hazelton COO of North America Field Operations Chubb, headquartered in New York City, named Bill Hazelton as chief operating officer (COO) for North America Field Operations, effective Dec. 1. Hazelton will oversee the delivery of Chub...

Posted: Nov 19, 2025

Senator Opposes FCC Plan to Reverse Cyber Rules Adopted After Salt Typhoon Attack

The top Democrat on the Senate Commerce Committee on Tuesday called on the Federal Communications Commission to abandon plans to rescind cybersecurity requirements adopted after the massive Salt Typhoon Chinese hacking incident that infiltrated U.S....

Posted: Nov 19, 2025

Has Insurtech Funding Found a Floor?

Two separate reports published this month show that while quarterly insurtech deal counts have plummeted from heights attained in 2021 and 2022, dollar levels invested in insurtechs have stabilized since late 2022. While their deal-dollar and deal-co...

Posted: Nov 19, 2025

How Big Tech Is Faring Against US Antitrust Lawsuits?

A federal judge ruling that Meta Platforms does not hold an illegal social media monopoly handed Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump’s first term. Here are the statuses of the U.S. &...

Posted: Nov 19, 2025

GEICO Can’t Slip Out of SC Lawsuit That Says it Owes $70M in Taxes and Penalties

GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in &...

Posted: Nov 19, 2025