Insurance Journal
California Attorney General Rob Bonta announced that California secured a $3.25 million settlement with a software maker for failing to protect students’ data. The settlement also involves two other states, amounting to a total of $5.1 million...
Posted: Nov 10, 2025
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank. Jamaica’s $150 million cat bond, which was arranged by the World Bank, is designed to provid...
Posted: Nov 07, 2025
Marsh McLennan Agency (MMA), headquartered in White Plains, New York, appointed Adam Balentine as President of National Business Insurance. Based in Kansas City, Missouri, Balentine leads the development of strategic growth initiatives for MMA’...
Posted: Nov 07, 2025
The Fidelis Partnership (TFP), the Bermuda-based managing general underwriter, announced the launch of a consortium that targets risks associated with the construction of AI data centers. With estimates suggesting that the AI data center market could...
Posted: Nov 07, 2025
An explosion at a hydrogen and nitrogen product manufacturer in Mississippi on Wednesday caused an ammonia leak and forced nearby residents to evacuate, officials said. Mississippi Gov. Tate Reeves said in a post on the social platform X that emergen...
Posted: Nov 07, 2025
AM Best has placed under review with positive implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Louisiana Farm Bureau Mutual Insurance Company (Louisiana Farm Bureau), an ac...
Posted: Nov 07, 2025
A former South Carolina state lawmaker and injury lawyer has been indicted on federal allegations that he schemed to defraud his legal clients. According to court papers, a federal grand jury on Wednesday indicted former Rep. Marvin Pendarvis, a Demo...
Posted: Nov 07, 2025
More than six years after a Boeing 737 Max jetliner crashed in Ethiopia, the first civil trial related to the disaster that killed all 157 people on board was set to proceed. Boeing has settled most of the dozens of …
Posted: Nov 07, 2025
Zurich Insurance Group is continuing to expand its middle market and specialty footprint by investing heavily this year in targeted recruitment of “top-tier underwriting talent” across the group. “In the U.S. alone, we have hired mo...
Posted: Nov 07, 2025
A jury in Newport News, Virginia has awarded $10 million to a teacher who was shot by a 6-year-old student. Abby Zwerner, who was shot in January 2023 in her first-grade classroom, had asked for $40 million against a former …
Posted: Nov 07, 2025
Boeing Co. will avoid a criminal charge over two fatal 737 Max crashes after a federal judge paved the way for a $1.1 billion settlement agreement, handing the embattled manufacturer a victory in a long-running legal battle. US District Judge …
Posted: Nov 07, 2025
NFP Names Roberts Northeast SVP NFP, headquartered in New York City, appointed David Roberts as senior vice president, surety, in its Northeast region. With over three decades of experience managing commercial risk, Roberts, who is based in New Jerse...
Posted: Nov 07, 2025
Bristol Myers Squibb reached a $239 million settlement of claims that former Celgene shareholders were defrauded about prospects for the psoriasis drug Otezla, and multiple sclerosis treatment now known as Zeposia. A preliminary settlement of the 7-1...
Posted: Nov 07, 2025
The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record pay...
Posted: Nov 07, 2025
The global private credit market currently has no systemic risks, while Asia offers the biggest growth opportunities, a senior Bain Capital private credit executive told Reuters. Concerns about weak lending standards in credit markets have resurfaced...
Posted: Nov 07, 2025
Ireland’s central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist transaction monitoring obligations. The Irish reg...
Posted: Nov 07, 2025
The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying $900 more through annual premium increases, according to the Coalition Against Insurance Fraud. Scams affecting American policyholders and companies a...
Posted: Nov 07, 2025
Fresh off its subsidiary’s purchase of a builder-linked homeowners’ insurance program, the Tampa-based Baldwin Group took another hit to its bottom line in the third quarter this year. But the brokerage and advisory group expects the loss...
Posted: Nov 07, 2025
An Auburn, Washington woman was convicted for fraud after receiving a lifetime pension following her reported injury while working at a supply company. Lemapu Dorothy Seinafo, 56, pleaded guilty to one count of third-degree theft and was ordered to r...
Posted: Nov 07, 2025
For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from insurance industry fines and penalti...
Posted: Nov 07, 2025
Mutual of Enumclaw Hires New Executives Mutual of Enumclaw named Daniel Guthrie as vice president of product operations and chief operating officer and Hem Chari as chief information officer. Guthrie has more than 25 years of leadership experience in...
Posted: Nov 07, 2025
A federal court of appeals has revived a case over an alleged failure of insurance broke Willis of New Jersey to notify the insurer for one of its New York clients of the presence of lead paint in his residential …
Posted: Nov 07, 2025
AM Besthas revised the outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) based in Lan...
Posted: Nov 07, 2025
Texas officials have asked a state court judge to temporarily block Kenvue Inc. from marketing Tylenol as safe for pregnant women, and from issuing a dividend, escalating the company’s legal woes just days after announcing a major merger with K...
Posted: Nov 07, 2025
A few of the victims of the Los Angeles wildfires in January are asking California Gov. Gavin Newsom to call for the resignation of California Insurance Commissioner Ricardo Lara over reforms Lara pushed that were designed to help ease the …
Posted: Nov 06, 2025