Insurance Journal

Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies

Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” Americ...

Posted: Nov 24, 2025

Vietnam Flood Deaths Reach 90 as Damage Sweeps Central Region

Severe and prolonged flooding across Central Vietnam has killed 90 people and left 12 others missing, the government said. More than 1,154 homes were damaged and about 186,000 houses inundated at the peak of the floods, the Ministry of Agriculture &#...

Posted: Nov 24, 2025

COP30 Climate Deal Fails to Detail Fossil Fuel Cuts, but Pledges Adaptation Funding

United Nations climate talks in Brazil reached a subdued agreement Saturday that pledged more funding for countries to adapt to the wrath of extreme weather. But the catch-all agreement doesn’t include explicit details to phase out fossil fuels...

Posted: Nov 24, 2025

AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus

American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foreg...

Posted: Nov 24, 2025

Farmers Eliminating Homeowners Insurance Policy Cap in California

Farmers Insurance announced it will eliminate the cap on the number of homeowners insurance policies it offers in California. The move is part of a new filing, and the cap removal is effective immediately, made in anticipation of an improved …

Posted: Nov 24, 2025

Florida Republicans Oppose Trump Offshore Oil Leasing Plan

Florida Republicans, including Governor Ron DeSantis, said they oppose a Trump administration plan that could allow new oil and gas drillingin waters off the state’s Gulf Coast. The reactions came in response to an Interior Department proposal...

Posted: Nov 24, 2025

Spanish Court Orders Meta to Pay Nearly €500 Million in Damages to Media Outlets

Spanish legacy media companies in Spain scored a victory against social media giant Meta after a Madrid-based court ordered Thursday [Nov. 20] that it must pay news outlets nearly half a billion euros in damages. According to a court statement, &#823...

Posted: Nov 24, 2025

North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield

A motorist in western North Carolina escaped injury when the carcass of a cat crashed into the passenger side of her front windshield along a highway near the Great Smoky Mountains National Park. In a call to 911, the unidentified …

Posted: Nov 24, 2025

Indonesia Seizes 8 Containers of Imported Zinc Powder Contaminated With Caesium-137

Indonesia has seized eight containers of imported zinc powder found to be contaminated with radioactive caesium-137, an official said on Monday, as the Southeast Asian country steps up efforts to intercept contaminated goods leaving and entering the...

Posted: Nov 24, 2025

Ozempic Users in Denmark Win Eye-Disease Payout

Four patients who developed a serious eye disease after using Novo Nordisk A/S’s blockbuster weight-loss drugs have been granted compensation in Denmark, the drugmaker’s home market. The claimants received a combined 800,000 kroner ($124,...

Posted: Nov 24, 2025

Sunstar Insurance Group Names Daniel Romero as Chief Acquisition Officer

Memphis, TN – Sunstar Insurance Group (“Sunstar”), a leading retail insurance brokerage platform focused on the Midwest and Southeast, announced on November 17, 2025, the appointment of Daniel Romero as its new Chief Acquisition Officer....

Posted: Nov 24, 2025

US States Take Aim at Data-Driven Pricing to Ease Consumer Pain

Even as the White House seeks to roll back state laws on artificial intelligence, states are pursuing an increasing number of bills to ban tech-driven pricing practices in an effort to bring consumers relief from high costs. By taking on …

Posted: Nov 24, 2025

As Infant Botulism Cases Climb to 31, Recalled ByHeart Formula Remains on Shelves

As cases of potentially deadly botulism in babies who drank ByHeart infant formula continue to grow, state officials say they are still finding the recalled product on some store shelves. Meanwhile the company reported late Wednesday that laboratory...

Posted: Nov 24, 2025

‘Agent of the Year’ in Georgia Sentenced to 2+ Years After Misusing Premium Payments

A central Georgia insurance agency owner and former Alfa insurance agent of the year must serve more than two years in prison after he pleaded guilty to bank fraud and misusing more than $220,000 in premiums. Jeremy Lasseter, who owned …

Posted: Nov 24, 2025

SEC to Drop Controversial SolarWinds Cyberattack Lawsuit

The US Securities and Exchange Commission will drop its landmark lawsuit against SolarWinds Corp. that accused the company of covering up internal problems ahead of a massive cyberattack. The SEC, the software company and its top information security...

Posted: Nov 24, 2025

Trump Threatens to Withhold $75M From Pennsylvania Over Immigrant Truck Drivers

The Trump administration has threatened to withhold nearly $75 million in funding if Pennsylvania does not immediately revoke what the administration claims are illegally issued commercial driver’s licenses to immigrants. The move by U.S. Trans...

Posted: Nov 24, 2025

Connecticut Insurance Commissioner Mais Retires; Hershman Eyed as Successor

Connecticut Governor Ned Lamont today announced that Insurance Commissioner Andrew N. Mais will be retiring from state service effective November 28, 2025 after six years of service in the role. Additionally, the governor announced that he is nominat...

Posted: Nov 24, 2025

New Hampshire Supreme Court takes up disputed verdict in landmark youth center abuse case

New Hampshire Supreme Court justices heard oral arguments Thursday about the disputed verdict in a landmark lawsuit over abuse at the state’s youth detention center, questioning whether their decision could bankrupt the state or essentially let...

Posted: Nov 24, 2025

New Hampshire High Court Hears Disputed $38M Verdict in Youth Center Abuse Case

New Hampshire Supreme Court justices heard oral arguments Thursday about the disputed verdict in a landmark lawsuit over abuse at the state’s youth detention center, questioning whether their decision could bankrupt the state or essentially let...

Posted: Nov 24, 2025

Joby Aviation Sues Air-Taxi Rival Archer in California Over Trade Secrets

Electric air-taxi company Joby Aviation has sued rival Archer Aviation in California state court for allegedly stealing its trade secrets, according to a complaint made public on Thursday. Joby said in the lawsuit, filed on Wednesday in state court i...

Posted: Nov 24, 2025

Tesla Sued Over Fatal Crash in Washington in Growing Scrutiny of Doors

Tesla Inc. was sued over a fiery crash in Washington state that left one person dead and another seriously injured after rescuers allegedly struggled to open the vehicle’s doors, the latest in a growing body of litigation scrutinizing the compa...

Posted: Nov 24, 2025

Protecting Drivers and Getting the Truth on Tape – What’s Brewing Podcast (Season 2 | Episode 17)

This post is part of a series sponsored by IAT Insurance Group. In this episode of IAT Insurance Group’s What’s Brewing Podcast, IAT Loss Control Specialist Dewayne R. and Claims Analyst Mark H. join host Nicole K. to discuss the …

Posted: Nov 23, 2025

People Moves: TMK Taps Beresford From CNA Hardy as Life Sciences U/W; Hampden Risk Partners Promotes...

This edition of International People Moves details appointments at Tokio Marine Kiln and Hampden Risk Partners. A summary of these new hires follows here. Tokio Marine Kiln Taps Beresford From CNA Hardy as Life Sciences U/W Tokio Marine Kiln (TMK), &...

Posted: Nov 21, 2025

Strengthen Oklahoma Homes Program to Expand Statewide by 2026

The Oklahoma Insurance Department (OID) recently announced the reopening of previously designated zip codes for the pilot launch of the Strengthen Oklahoma Homes (SOH) Program, an initiative aimed at helping Oklahoma homeowners fortify their residenc...

Posted: Nov 21, 2025

Tokio Marine Holdings to Acquire Illinois-Based Commodity & Ingredient Hedging

Tokio Marine Holdings, Inc. announced that it has signed a definitive agreement to acquire Commodity & Ingredient Hedging (“CIH”), a leading provider of risk management solutions for the agricultural and commodity sectors, from Falfur...

Posted: Nov 21, 2025