Insurance Journal

People Moves: CRC Group Names New Team Members in Specialty Division; Howden US Appoints Hanback EVP

CRC Group Names New Team Members in Specialty Division CRC Group, headquartered in Birmingham, Alabama, added three new professionals to its CRC Specialty division. Ryan Degale rejoins CRC Specialty as a broker based in Orlando with the Boca Raton, F...

Posted: Oct 24, 2025

Growth Momentum Continues for Program Business: TMPAA

The program business sector is growing at a rate that outpaces the broader commercial insurance market. Between 2010 and 2020, the program business sector grew from $17.5 billion in commercial insurance revenue to $53.8 billion. In 2024, premium volu...

Posted: Oct 24, 2025

Waymo to Manually Test Autonomous Vehicles at Newark Airport

Alphabet’s Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main airports serving the New York City area. &#823...

Posted: Oct 24, 2025

Trucking App Trucker Path Launches Retail Insurance Agency

The company behind a trucking navigation and compliance apps has launched its own insurance agency. Earlier this month, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused exclusively on trucking insurance. Truc...

Posted: Oct 24, 2025

Conservative Activist Sues Google Over AI-Generated Statements

Conservative activist Robby Starbuck sued Google on Wednesday, alleging the tech giant’s artificial intelligence systems generated “outrageously false” information about him. Starbuck said in the lawsuit, filed in Delaware state cou...

Posted: Oct 24, 2025

University of Virginia Strikes Deal to Avoid Trump Investigations, Protect Funding

The University of Virginia has agreed to abide by White House guidance forbidding discrimination in admissions and hiring, becoming the latest campus to strike a deal with the Trump administration as the college tries to pause months of scrutiny by &...

Posted: Oct 24, 2025

Illinois Department of Insurance Asks Insurers for Policyholder Relief During Shutdown

The Illinois Department of Insurance is asking insurers to provide relief to policyholders impacted by the federal government shutdown and ensure that they do not lose insurance coverage, including a moratorium on cancellations. “The lapse in f...

Posted: Oct 24, 2025

Pritzker’s Illinois Wins 10th Rating Upgrade as Reserves Climb

Illinois, the worst-rated U.S. state, received a one-notch upgrade from Moody’s Ratings for its rising reserves and improving finances. Moody’s raised the state’s rating to A2, five steps above junk, from A3, with a stable outlook,...

Posted: Oct 24, 2025

Major Investor for Louisiana LNG as Construction Ramps up

Australia’s Woodside Energy has enlisted U.S.-based Williams as an investor and pipeline operator of its Louisiana liquefied natural gas plant, to tap its infrastructure experience and ease cost pressures as construction ramps up. Under the arr...

Posted: Oct 24, 2025

TWIA Committee Recommends Method for Determining PML for 2026 Storm Season

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee has developed a recommendation to the TWIA board on a method to determine the association’s 1-in-50 probable maximum loss for the 2026 storm season. The 1-...

Posted: Oct 24, 2025

Why Two Montana Asbestos Victims May Never Receive an $8M Judgment

Long before she joined a major legal case for asbestos victims, Joyce Walder had a bold streak, according to her sister, Judith Hemphill. On a recent Monday in October, walking through the forests of northwest Montana, Hemphill recalled how she &#823...

Posted: Oct 24, 2025

Trump Cancels San Francisco Crackdown After Benioff, Huang Calls

President Donald Trump said he’s calling off the deployment of federal troops to San Francisco after speaking to billionaires Marc Benioff and Jensen Huang, as well as the city’s mayor, Daniel Lurie. “Friends of mine who live in the...

Posted: Oct 23, 2025

Louisiana Drafting Rules for Up to 30% Premium Discounts for FORTIFIED Homes

The Louisiana Department of Insurance announced it is in the process of drafting new rules on premium discounts for homes that meet some of the toughest wind-resistant construction standards. A statute approved by Louisiana lawmakers in 2023 mandates...

Posted: Oct 23, 2025

TrustedChoice.com Rebrands to Momentum Edge Following June Acquisition

Agency management platform Momentum announced that TrustedChoice.com will now be known as Momentum Edge. Flower Mound, Texas-based Momentum acquired TrustedChoice.com in June. Momentum Edge, part of Momentum AMP (formerly NowCerts), unifies demand ge...

Posted: Oct 23, 2025

Why Big Oil Is Asking EPA Not to Cut its Polluter Reporting Program

The Environmental Protection Agency says its proposal to stop greenhouse gas reporting for big polluters could save oil and gas companies up to $256 million a year. Some of them are countering that it could hurt their business instead. Companies, &#8...

Posted: Oct 23, 2025

GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud

GEICO is taking aggressive action against medical firms in Florida and New York, accusing them of leading multimillion-dollar, no-fault auto insurance fraud schemes. In a lawsuit filed this month in federal court in Tampa, GEICO charged that AJ Thera...

Posted: Oct 23, 2025

Big Food Readies New Strategy Against RFK Jr. Push in States

Health Secretary Robert F. Kennedy Jr. has spent months criss-crossing the country, cheering on Republican governors who have signed laws aimed at improving their food supply. Now food and beverage companies including Kraft Heinz Co., Conagra Brands...

Posted: Oct 23, 2025

China Trade Spat Threatens Wisconsin’s ‘Napa Valley’ of Ginseng

The cool woodlands of central Wisconsin boast soils packed with Ice Age mineral deposits that make the area perfect for the cultivation of ginseng, a medicinal root that has been exported to Asia for more than 300 years. Sliced and …

Posted: Oct 23, 2025

Lyft Protected by Florida’s 2017 Law in Driver’s Miami Crash, Appeals Court Says

The ride-sharing company known as Lyft and its insurers are largely protected from negligence and vicarious liability lawsuits in accidents, thanks to Florida’s 2017 statute governing app-based ride networks, a state appeals court decided Wedne...

Posted: Oct 23, 2025

NY Insurance Regulator Warns of Cyber Threats From Third-Party Service Providers

The New York State financial services regulator warns insurance companies, banks and other financial services institutions of the cyber risks associated with the growing use of third-party service providers (TPSP). Exposure to threats will continue t...

Posted: Oct 23, 2025

Google Backs Gas Power Plant With Carbon Capture for Midwest Data Centers

Google has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country’s Midwest region, the technology company said on …

Posted: Oct 23, 2025

Disaster Relief Fund Hits Critical Low as Shutdown Endures

As the US government shutdown hurtles through a fourth week, the main source of federal funding for disaster relief efforts is running critically low, according to people familiar with the matter and an internal report reviewed by Bloomberg. The Disa...

Posted: Oct 23, 2025

People Moves: Acrisure Re Appoints Morrison

Acrisure Re, the reinsurance division of global fintech leader Acrisure, appointed Dan Morrison senior vice president. Based in New York, Morrison supports Acrisure’s in-house U.S. delegated underwriting team, a key client for Acrisure Re throu...

Posted: Oct 23, 2025

Thames Among UK’s Worst-Polluting Water Firms as Incidents Rise

Thames Water was among Britain’s most-polluting water companies last year as the total number of serious incidents jumped 60%, the Environment Agency said Thursday. Thames’ failure to improve its environmental performance, as well as sky-...

Posted: Oct 23, 2025

Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual

Old Republic International Corp., the Chicago-based specialty insurer, announced it has entered into a definitive agreement to acquire Everett Cash Mutual Insurance Co. and its affiliated companies (ECM), following its conversion to a stock company i...

Posted: Oct 23, 2025