Insurance Journal

Tariffs, Tension, and Risk: How Trump’s Trade War Is Reshaping the Insurance Landscape

President Trump has ignited global trade tensions with the rollout of a sweeping new tariff regime to promote domestic manufacturing and aimed at what he calls restoring balance to America’s economic relationships. This includes placing elevate...

Posted: Jun 15, 2025

How Embedded Insurance Supports Real Livelihoods in the Growing On-Demand Economy

Embedded insurance is everywhere. From booking a flight or buying concert tickets to opening a bank account, insurance is now being offered to consumers at the point of need. It makes access quicker, simpler, and more appealing for people who …

Posted: Jun 15, 2025

Inflation Impacting Workers’ Comp Medical Costs: WCRI

A new study by the Workers Compensation Research Institute (WCRI) illustrates how rising inflation has impacted the system in recent years. The 2025 edition of the WCRI Medical Price Index for Workers’ Compensation, authored by Dr. Rebecca Yang...

Posted: Jun 15, 2025

As Insurance Execs Eye AI for Fraud Detection, Deloitte Predicts Billions in Savings

By Allen Laman With a growing share of insurance executives viewing generative artificial intelligence as a tool for streamlining and improving functions like fraud detection, Deloitte predicts that AI technologies could save the property/casualty in...

Posted: Jun 15, 2025

Insurer USAA Expands Presence in Virginia With Purchase of Building

Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it expects to add 500 new jobs t...

Posted: Jun 13, 2025

People Moves: Beazley Taps Swiss Re’s Wunderlich as Head of Parametric Insurance; QBE Promotes Brown...

This edition of International People Moves details appointments at Beazley and QBE Insurance. A summary of these executive hires follows here. Beazley, headquartered in London, appointed Stefan Wunderlich as head of parametric insurance. Reporting to...

Posted: Jun 13, 2025

New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage

Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an...

Posted: Jun 13, 2025

California, 10 Other States Sue to Block Trump From Killing 2035 EV Rules

A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approv...

Posted: Jun 13, 2025

European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk

When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has …

Posted: Jun 13, 2025

Families of People Killed in Georgia Ferry Dock Collapse Sue Companies That Built it

Relatives of seven people who drowned in waters off a Georgia island after a ferry dock walkway collapsed announced Wednesday they filed a lawsuit against the companies that designed and built it. Dozens of people were standing on the metal …

Posted: Jun 13, 2025

JetZero to Build $4.7B Next-Gen Plane Plant in NC With Up to 14,500 Jobs

JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startu...

Posted: Jun 13, 2025

Greece, UK Urge Ships to Avoid Red Sea, Log Hormuz Voyages, Documents Show

Greece and Britain have advised their merchant shipping fleets to avoid sailing through the Gulf of Aden and to log all voyages through the Strait of Hormuz after Israel’s large-scale attacks on Iran on Friday, documents seen by Reuters showed....

Posted: Jun 13, 2025

Update: Ships Warned to Avoid Red Sea, Log Hormuz Voyages After Israel Hits Iran

Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel’s large-scale attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region. Ir...

Posted: Jun 13, 2025

Regulators Are Harming UK as a Financial Center, Lords Warn

A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on banks and insurers, an influential group of parliamentarians found. The House of Lords Financial Services Regulation Committ...

Posted: Jun 13, 2025

‘I Got Up and Ran’: How One Man Survived Plane Crash That Killed 241

As Air India Flight AI171 descended toward its doom on Thursday, Ramesh Vishwaskumar sat in the first row of economy class — headed for one of the most harrowing and luckiest moments of his life. After the Boeing Co. 787 …

Posted: Jun 13, 2025

Search for Answers Begins in Air India Crash That Killed 241

Investigators have started combing the wreckage of Air India flight AI171 as they seek to determine what caused the Boeing Co. Dreamliner to crash shortly after takeoff Thursday afternoon, killing all but one of the 242 people aboard in the …

Posted: Jun 13, 2025

Update: Search for Answers Gathers Pace in Deadly Air India Crash

Investigators are combing the wreckage of Air India flight AI171 to determine what caused the Boeing Co. Dreamliner to crash on Thursday, killing all but one of the 242 people aboard and resulting in the deadliest aviation accident in more …

Posted: Jun 13, 2025

Jury Awards $500K to Exploited Guatemalan Laborers in Michigan

A jury has awarded more than $500,000 to five men from Guatemala who said they were exploited and underpaid by a labor contractor that brought them to Michigan to plant and harvest fruit and vegetables. Much of the verdict last …

Posted: Jun 13, 2025

People Moves: Feller Joins Huntington Insurance as Employee Benefits Senior Managing Director

Huntington Insurance Inc., headquartered in Columbus, Ohio, named Zack Feller as employee benefits senior managing director. Feller joins Huntington from Keystone, where he most recently served as president of employee benefits. Over his tenure at Ke...

Posted: Jun 13, 2025

Tax Credit to Offset Insurance Deductibles Is Part of Missouri Legislative Package

JEFFERSON CITY, Mo. (AP) — Missouri lawmakers on Wednesday approved hundreds of millions of dollars of financial aid to try to persuade the Kansas City Chiefs and Royals to remain in the state and help the St. Louis area recover …

Posted: Jun 13, 2025

People Moves: Big ‘I’ Names Connors ACT Executive Director; WTW Makes Senior Hires to Insurance Cons...

Big ‘I’ Names Connors ACT Executive Director The Big “I” appointed Kasey Connors as executive director of the Big “I” Agents Council for Technology (ACT). Connors is a seasoned executive with over 15 years of exper...

Posted: Jun 13, 2025

Climate Group Says State Farm Rate Hike to Cost California Homeowners $1,000

A report from a climate activist group says State Farm’s rate increases, if approved, would cost the average California homeowner more than $1,000. State Farm upped its rate request in May, a week after getting the OK for a large …

Posted: Jun 13, 2025

Researchers Chase Hail Across Great Plains in Effort to Improve Forecasting

Wind roared against the SUV’s windows as its tires sloshed through water dumped onto the road by the downpour. A horizon-wide funnel cloud loomed out the window, several miles away. Then came the loud metallic pings on the roof. First …

Posted: Jun 13, 2025

Viewpoint: Recalls and Claims Amid A Sea of Regulatory Change

The current regulatory and claims environment for products, food and beverage, automobiles, medical devices, and more, is rapidly shifting amid layoffs at the federal level, slowdowns on inspections, and the potential for reduced enforcement. In resp...

Posted: Jun 13, 2025

Auto Insurance Satisfaction Rankings: High Lifetime Value Customers Most at Risk

[no_auto_dropcap]“It’s Now a Buyer’s Market for Auto Insurance, J.D. Power Finds.” That headline on top of an announcement about the release of the J.D. Power 2025 U.S. Auto Insurance Study this week summed up a key takeaway o...

Posted: Jun 13, 2025