Insurance Journal
State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing ri...
Posted: Oct 21, 2025
Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage for child abuse lawsuits filed against them. Philadelphia Indemnity Insurance Co., the insurer for Mount Prospect Acad...
Posted: Oct 21, 2025
Amazon Web Services, the world’s largest cloud provider, resolved the issues that plagued its services for about 15 hours on Monday, an episode that highlighted how much of the internet is dependent on the operations of a single company. In ...
Posted: Oct 21, 2025
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market ̷...
Posted: Oct 21, 2025
Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to Ukraine. European officials...
Posted: Oct 21, 2025
Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to Ukraine. European officials...
Posted: Oct 21, 2025
This edtiion of International People Moves details appointments at Lockton Re and Canopius Re. A summary of these new hires follows here. Lockton Re Taps Aon’s Bell as Head of Aviation Lockton Re, the reinsurance business of independent insuran...
Posted: Oct 21, 2025
A massive fire at the import cargo complex of Dhaka airport has caused extensive damage to goods and materials belonging to major garment exporters, with losses and impacts on trade likely to run into millions of dollars, industry leaders said …...
Posted: Oct 21, 2025
An operation was underway on Monday to salvage the liquefied petroleum gas tanker MV Falcon, which remains on fire and adrift in the Gulf of Aden following an October 18 explosion on board, maritime security sources said. The Cameroon-flagged vessel...
Posted: Oct 21, 2025
The pace of insurance agency mergers and acquisitions picked up during the third quarter of 2025 but as of Sept. 30, M&A is down 7% this year compared to last year. According to investment banking and financial consulting firm OPTIS …
Posted: Oct 21, 2025
It took just seven minutes for robbers armed with disc grinders to get in and out of the world-famous Louvre museum in Paris with a stash of royal necklaces, tiaras and earrings. They left the nearby 140-carat “Régent” diamond untouched,...
Posted: Oct 21, 2025
KKR & Co. and Quadrantis Capital agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance Co. KKR and Quadrantis will hold about 11.3% and 1.8% of Peak Re, respectively, after the deal is completed, according to a statement Tuesday,...
Posted: Oct 21, 2025
Thousands of plaintiffs’ complaints, millions of pages of internal documents and transcripts of countless hours of depositions are about to land in US courtrooms, threatening the future of the biggest social media companies. The blizzard of pap...
Posted: Oct 21, 2025
Companies on deck to go public in the US are powering forward with unconventional IPO plans despite the lingering government shutdown, taking many on Wall Street by surprise. Travel software startup Navan Inc. and electric plane-maker Beta Technologi...
Posted: Oct 21, 2025
The North Carolina Supreme Court has decided that it will not, after all, review another legal filing by convicted insurance entrepreneur Greg Lindberg. The Oct. 17 ruling lets stand a 2023 decision by the state Court of Appeals, which found …
Posted: Oct 21, 2025
Movies like “The Hangover” and “Ocean’s Eleven” piqued interest in the Las Vegas Strip long ago. But now Nevada labor unions hoping to boost jobs and tourism are pushing state officials to offer tax credits aimed at brin...
Posted: Oct 21, 2025
The New York State Workers’ Compensation Board will be closing its virtual-only Allegany and New City locations, effective December 8, 2025. Noting that most of its activity remains virtual, the board said it is consolidating some of its smalle...
Posted: Oct 21, 2025
The New York State Workers’ Compensation Board will be closing its virtual-only Allegany and New City locations, effective December 8, 2025. Noting that most of its activity remains virtual, the board said it is consolidating some of its smalle...
Posted: Oct 21, 2025
California Attorney General Rob Bonta has settled with four plastic bag producers after an investigation into whether the bags they sold in California are recyclable. The settlement involves Revolution Sustainable Solutions LLC, Metro Poly Corp., Pre...
Posted: Oct 21, 2025
Renaissance acquired the agency network business of Insurance Services of the West LLC, doing business as Insurance Agency Network in Washington. IAN is a membership organization with more 70 members representing a reported $400 million in premium. I...
Posted: Oct 20, 2025
Third quarter 2024 net income at W.R. Berkley Corp. increased nearly 40% compared to the same period a year ago Net income was about $511 million for Q3 2025 compared to net income of about $365.6 million a year ago …
Posted: Oct 20, 2025
Target Corp. is testing the sale of hemp-derived THC beverages at a handful of locations, marking an important milestone for an industry that’s largely been shut out of national chains. THC beverage makers initially confirmed the move. The chie...
Posted: Oct 20, 2025
LONGVIEW — In this part of Texas, residents stock up on bottled water in between boil notices. It’s part of life in a place where water pipes are old, corroded and falling apart. In the High Plains, near Lubbock, farmers …
Posted: Oct 20, 2025
The Michigan Department of Insurance and Financial Services is using cybersecurity awareness month to remind residents to take proactive steps to protect themselves from scammers and cyberattacks. Some steps that consumers can take to protect themsel...
Posted: Oct 20, 2025
In 2022, Jake Clay started an Amazon delivery firm in Odessa, Texas, after hearing about the company-sponsored program from a friend. He sank $75,000 into the business and earned more than $200,000 in the first year. An Air Force veteran, …
Posted: Oct 20, 2025