Insurance Journal
Just over a month since insurance brokerage Arthur J. Gallagher & Co. said it had a definitive agreement in place to buy Woodruff Sawyer for $1.2 billion, the deal is closed. Gallagher said April 10 that the acquisition of San …
Posted: Apr 11, 2025
Dallas-based Novatae Risk Management, part of World Insurance Associates, has purchased Ajax Specialty Insurance, a wholesaler based in Atlanta. Andy Bierbaum is the owner of Ajax. He founded the company in 2012 and in 2018 brought in co-owner and pa...
Posted: Apr 11, 2025
Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers...
Posted: Apr 11, 2025
The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …
Posted: Apr 11, 2025
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
Posted: Apr 11, 2025
Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, a...
Posted: Apr 11, 2025
Sarah Palin and the New York Times are headed back to a courtroom where the former Alaska governor and Republican vice presidential candidate will try convincing a second jury the newspaper defamed her in an editorial about gun control. A …
Posted: Apr 11, 2025
Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertica...
Posted: Apr 11, 2025
Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertica...
Posted: Apr 11, 2025
Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit...
Posted: Apr 11, 2025
James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance industry and recently was senior...
Posted: Apr 11, 2025
The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs. Because loss costs &#...
Posted: Apr 11, 2025
The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp. The department has not identified the sellers, but they believe them...
Posted: Apr 11, 2025
California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. The bill would have allowed victims of natural disasters, including...
Posted: Apr 11, 2025
The First Circuit Court of Appeals has blocked the 3M Co.’s attempt to remove New Hampshire’s PFAS chemical case to federal court. The appeals court affirmed a 2023 order by the U.S. District Court for the District of New Hampshire …...
Posted: Apr 11, 2025
An insurer has succeeded in holding a Massachusetts city responsible for $40,000 in damages caused by a tree that fell from city property onto an insured’s home. Citation Insurance Co. paid the homeowner’s damages claim and then sought re...
Posted: Apr 11, 2025
A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers said. Trade credit insurance for i...
Posted: Apr 11, 2025
This post is part of a series sponsored by Cotality. While the Los Angeles wildfires disrupted and devastated so many lives, they also highlighted the urgent need for property insurance stakeholders to come together and start addressing the insurance...
Posted: Apr 10, 2025
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
Posted: Apr 10, 2025
Markel Promotes Brooke to Senior Underwriter of War and Terrorism Markel, the insurance operations within Markel Group Inc., announced that Matthew Brooke has been promoted to senior underwriter, War and Terrorism, effective immediately. Reporting to...
Posted: Apr 10, 2025
The Department of Justice recently recovered approximately $5.3 million for a union hit by a business email compromise (BEC) scheme. The judgment was the result of a civil forfeiture complaint filed by the United States in June 2024 seeking the ̷...
Posted: Apr 10, 2025
The U.S. Department of Labor has cited Wisconsin roofing contractor Bacilio Rios Almanza for failing to protect employees atop a residential roof from fatal fall hazards in Appleton in September 2024. After its investigation, the department’s O...
Posted: Apr 10, 2025
The Hanover Insurance Group announced a collaboration with Hagerty to provide specialized insurance for classic cars. Hanover Collector Car, powered by Hagerty, combines the total account protection The Hanover is known for with Hagerty’s exper...
Posted: Apr 10, 2025
Soaring levels of civil unrest and political violence are a key concern for businesses of all sizes as well as their insurers, according to report published by Allianz Commercial. The impact of civil unrest or strikes, riots and civil commotion ̷...
Posted: Apr 10, 2025
A new bill introduced in California aims to increase transparency and accountability in California’s insurance market by bolstering consumer privacy protections and establishing a privacy rights framework for insurance licensees and their third...
Posted: Apr 10, 2025