Insurance Journal

AXA Announces Death of Its Founder Claude Bébéar at 90

AXA announced that Claude Bébéar, its founder and honorary chairman, has passed away at the age of 90. In less than one generation, Claude Bébéar transformed “a small mutual insurance company in Normandy into a global insurance giant,” sa...

Posted: Nov 05, 2025

Heavyweight Class-Action Lawyer Stan Chesley Dies

Stanley Chesley, a class-action lawsuit pioneer who took on cigarette companies and the makers of faulty breast implants until his legal career ended amid accusations of unethical conduct, has died at age 89. Chesley died Sunday at a long-term care &...

Posted: Nov 05, 2025

Judge Rejects Deal for Colorado Funeral Home Owner Accused of Stashing 190 Decaying Bodies

A Colorado judge rejected the plea agreement of a funeral home owner accused of stashing nearly 190 decaying bodies in a bug-infested building after family members of the deceased argued that the agreement’s 15- to 20-year sentence was too leni...

Posted: Nov 05, 2025

Judge Rejects Deal for Funeral Home Owner Accused of Stashing 190 Bodies

A Colorado judge rejected the plea agreement of a funeral home owner accused of stashing nearly 190 decaying bodies in a bug-infested building after family members of the deceased argued that the agreement’s 15- to 20-year sentence was too leni...

Posted: Nov 05, 2025

People Moves: Ausink Joins Alliant’s Seattle Benefits Team

Khynna Ausink joined Alliant Insurance Services as vice president within its employee benefits group in the Pacific Northwest. Based in Seattle, Washington, Ausink will serve a national client base. Before joining Alliant, Ausink was sales director w...

Posted: Nov 05, 2025

7 Dead After UPS Plane Crashes on Takeoff in Louisville, Kentucky

A United Parcel Service Inc. freighter jet crashed and exploded shortly after takeoff on Tuesday from Louisville, Kentucky, killing three crew members and at least four people on the ground. Video circulating on social media showed the Honolulu-bound...

Posted: Nov 05, 2025

Man Charged With Leading $1M Vehicle Title Washing Scheme Arrested in Mexico

A man officials say headed a Pennsylvania-based vehicle title-washing criminal enterprise has been arrested in Mexico — after three months as a fugitive, according to Attorney General Dave Sunday. The attorney general filed charges in August against...

Posted: Nov 05, 2025

Insurtech Hippo Reverses Q3 Loss During ‘Breakout Quarter’

Insurtech Hippo posted third quarter 2025 net income of $98 million compared with a net loss of $9 million a year ago during the same period. San Jose, California-based Hippo’s Q3 combined ratio improved to 100—a 28-point improvement from Q3 &#...

Posted: Nov 05, 2025

Forrester: Cyber Insurance Will Grow by 15% in 2026

Forrester Research predicts written cyber insurance premiums will rise 15% in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at the global market research company anticipate the widespread adoption of A...

Posted: Nov 05, 2025

Amazon Sues Perplexity Over ‘Agentic’ Shopping Tool

Amazon sued Perplexity AI on Tuesday over the startup’s “agentic” shopping feature, which uses automation to place orders for users, saying it covertly accessed Amazon customer accounts and disguised automated activity as human brow...

Posted: Nov 05, 2025

French Court Probes TikTok for Algorithms Pushing to Suicide

French judicial authorities said on Tuesday they had opened an investigation into Chinese social media platform TikTok and the risks of its algorithms pushing young people into suicide. Paris prosecutor Laure Beccuau said the probe was in response to...

Posted: Nov 05, 2025

Taking Your Construction Company to the Next Level

This post is part of a series sponsored by Old Republic Surety. There are many ways to grow a business, but the first step is to understand how you got to where you are, then decide what you need to …

Posted: Nov 05, 2025

M&S First-Half Profit Hammered by Impact of Cyber Hack

British retailer Marks & Spencer reported a 55.4% slide in first-half underlying profit, reflecting the impact of an April cyber hack that forced it to suspend online clothing orders for seven weeks and also hit food availability. M&S, one of...

Posted: Nov 05, 2025

EU Agrees Weakened Climate Target in Final-Hour Deal for COP30

EU climate ministers agreed a 2040 climate change target in the early hours of Wednesday after watering down the goal in last-minute negotiations, as they raced to clinch the deal before the U.N. COP30 summit in Brazil. After negotiating late …

Posted: Nov 05, 2025

Typhoon Deaths Climb in Philippines as It Braces for New Storm

Typhoon Kalmaegi killed at least 66 people in the Philippines with dozens more missing, an official said on Wednesday, as the country braces for a new storm. The deadliest typhoon to hit the Southeast Asian nation this year also displaced …

Posted: Nov 05, 2025

Update: Philippine Typhoon Deaths Climb to 116 as New Storm Looms

Typhoon Kalmaegi killed at least 116 people in the Philippines, becoming the deadliest storm to hit the Southeast Asian nation in a year, with dozens more missing. The typhoon, locally known as Tino, also displaced more than half a million …

Posted: Nov 05, 2025

Global Funds Add to Warnings of Risks in Private Credit

From global banks to alternative fund managers, more senior financiers are joining a growing chorus warning of cracks in private credit. TCW Group Inc.’s Chief Executive Officer Katie Koch told a forum in Hong Kong on Wednesday that she’s...

Posted: Nov 05, 2025

UK’s Reeves to Meet Insurance CEOs in Pre-Budget Growth Pitch

UK Chancellor of the Exchequer Rachel Reeves will meet CEOs from top insurers in Downing Street on Wednesday, as she seeks to encourage more investment in the City ahead of a tricky budget later this month. The meeting, whose attendees …

Posted: Nov 05, 2025

Top FDA Drug Regulator Leaves, Agency Cites Personal Conduct

The US Food and Drug Administration’s lead drug regulator George Tidmarsh resigned two days after being placed on administrative leave over personal conduct concerns, according to the US Department of Health and Human Services. The resignation...

Posted: Nov 05, 2025

Ga. Court: Ambulance Chasing Not a RICO Claim But Fake Immigrant Papers Might Be

The Georgia Court of Appeals this week handed down multiple decisions, three of which could indirectly affect property and liability insurance coverage in the state for years to come. In a case over a deliberately set Atlanta apartment complex fire &...

Posted: Nov 05, 2025

New York State Report Calls Weather Consequences ‘Dire and Growing’

Severe weather events are increasing in New York and certain types of events, including thunderstorm-related damaging wind and flash flooding, are also increasing, according to a new report from State Comptroller Thomas P. DiNapoli. Since 1998, New Y...

Posted: Nov 05, 2025

Sling TV Settles with California AG for $530K for Privacy Act Violations

Sling TV LLC and Dish Media Sales LLC, a streaming service, have agreed to pay $530,000 to settle allegations that the company violated the California Consumer Privacy Act by failing to provide an easy method for consumers to stop the …

Posted: Nov 05, 2025

Sling TV Settles With California AG for $530K for Privacy Act Violations

Sling TV LLC and Dish Media Sales LLC, a streaming service, have agreed to pay $530,000 to settle allegations that the company violated the California Consumer Privacy Act by failing to provide an easy method for consumers to stop the …

Posted: Nov 05, 2025

AIG General Insurance Underwriting Income Up 81% in Q3

Third quarter 2025 underwriting income in American International Group’s (AIG) General Insurance segment increased 81% compared with last year, to $793 million. The unit—North America commercial, International commercial, and global personal—re...

Posted: Nov 05, 2025

Afore Begins Virginia Expansion With Acquisition of Norfolk’s Salzberg Agency

Afore Insurance Services, LLC announced its acquisition of Salzberg Insurance Agency in Norfolk, Virginia, a firm with an 87-year history of serving the Hampton Roads business community. Terms were not disclosed. Under the agreement, Salzberg will op...

Posted: Nov 04, 2025