Insurance Journal

Newsmax Settles Dominion Defamation Case for $67M; Says It Couldn’t Get Fair Trial

Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. &#82...

Posted: Aug 19, 2025

Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.

For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village …

Posted: Aug 19, 2025

$3.75M to Estate of Unarmed Man Fatally Shot by Oregon Police

The city of Portland, Oregon, is set to pay $3.75 million to the estate of an unarmed man who was shot and killed by police in 2022 after being mistaken for an armed robbery suspect. The city settled with Immanueal …

Posted: Aug 19, 2025

Judge Strikes Down Trump Guidance Against DEI at Schools and Colleges

A federal judge last Thursday struck down two Trump administration actions aimed at eliminating diversity, equity and inclusion programs at the nation’s schools and universities. In her ruling, U.S. District Judge Stephanie Gallagher in Marylan...

Posted: Aug 19, 2025

Coastal Communities Restoring Natural Defenses Against Storm Surges, Rising Seas

In San Francisco Bay, salt ponds created more than a century ago are reverting to marshland. Along the New York and New Jersey coasts, beaches ravaged by Superstorm Sandy underwent extensive restoration. In Alabama, a rebuilt spit of land is …

Posted: Aug 19, 2025

Studies Tie Unrecognized Deaths, Health Problems to Hawaii And LA Wildfires

The toll of wildfires is usually counted in acres burnt, property destroyed and lives lost to smoke and flames. But three new studies suggest the cost to human health from the Maui and Los Angeles wildfires was substantially higher. Two …

Posted: Aug 19, 2025

Rockford Mutual Launches Commercial Insurance Offerings in Michigan

Rockford Mutual announced the official launch of their suite of commercial insurance products in the state of Michigan, effective August 18, 2025 This strategic expansion includes Businessowners Policies (BOP), Commercial Package Policies (CPP), and...

Posted: Aug 18, 2025

Swiss Re Tops List of Largest Reinsurers on its Shift to IFRS-17 Accounting: AM Best

Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best. Swiss Re had previously …

Posted: Aug 18, 2025

Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best

Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best. Swiss Re had previously …

Posted: Aug 18, 2025

Temporary Barriers Spared Alaska’s Capital From Severe Flooding, Long-Term Fix Elusive

The glacial flooding that sent residents of Alaska’s capital city scrambling this week has become an annual ordeal for those who live along the picturesque river that winds from the nearby Mendenhall Glacier. This year, a giant wall of reinforc...

Posted: Aug 18, 2025

Arthur J. Gallagher Completes $13.5 Billion Acquisition of AssuredPartners

Arthur J. Gallagher & Co. announced it has closed the previously announced acquisition of U.S. insurance broker AssuredPartners, further expanding its retail middle-market property/casualty and employee benefits focus across the U.S. Gallagher an...

Posted: Aug 18, 2025

US Plans $750M Fly Factory in Texas to Stop a Flesh-Eating Cattle Parasite

The U.S. plans to build a $750 million factory in southern Texas to breed billions of sterile flies, ramping up its efforts to keep flesh-eating maggots in Mexico from crossing the border and damaging the American cattle industry. Secretary Brooke &#...

Posted: Aug 18, 2025

Six Killed in Michigan Collision Between Truck and Van Carrying Amish Group

A pickup truck went through a stop sign in rural Michigan and crashed into a van carrying members of an Amish community, killing at least six people, authorities said. The crash occurred last Tuesday afternoon in Tuscola County’s Gilford Townsh...

Posted: Aug 18, 2025

Michigan Man Wins $60M in False Charges Case

A jury awarded nearly $60 million last week to a man who accused a disgraced Michigan prosecutor and a police officer of violating his rights in filing sexual abuse charges in a case that was ultimately dismissed by the state …

Posted: Aug 18, 2025

Bayer Settles Sky Valley Cases Over Chemical PCB

Bayer said on Monday it reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to the chemical PCB, but said payments were already reflected in recent financi...

Posted: Aug 18, 2025

Markets/Coverages: Vortex Pays Out After a Mere ‘Trace’ of Rain

Vortex Weather Insurance has introduced RainSure, the latest addition in its line of parametric rain insurance products. RainSure differs from Vortex’s existing parametric rain insurance products by offering incremental payouts for every .01 in...

Posted: Aug 18, 2025

People Moves: Insurance Women Chapter Forms in Western Massachusetts

Pioneer Valley Launches MAIW Chapter Insurance industry professionals have established a new chapter of the Massachusetts Association of Insurance Women (MAIW) in the Pioneer Valley region in western Massachusetts. The 2025-2026 MAIW – Pioneer Valley...

Posted: Aug 18, 2025

Georgia Commissioner to Fine 22 Health Insurers $20M for Lack of Mental Health Parity

Georgia’s insurance commissioner announced plans to fine 22 health insurers a total of $20 million for failing to cover mental health treatments as required by law, but he did not name the insurance companies in the announcement. “…Our in...

Posted: Aug 18, 2025

Maersk Contains Fire Onboard Vessel off Liberia, Intensifies Firefighting Efforts

Danish shipping company Maersk said on Monday that a fire that broke out onboard the vessel Marie Maersk off Liberia on Wednesday last week had stopped spreading, and that firefighting efforts would be intensified further. “Over the weekend, th...

Posted: Aug 18, 2025

After Player Safety Report and $9M Jury Award, US Tennis Starts Coaching Program

The U.S. Tennis Association announced the start of its first all-encompassing coaching program on Wednesday, a little more than a year after an outside review of the USTA’s safeguarding system offered recommendations for how to better protect p...

Posted: Aug 18, 2025

Apollo’s Fox Hedge Is Taking Financial Wizardry to a New Level

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Private Credit: Apollo’s Fox Hedge Is Taking Financial Wizardry to New Level

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Northern China Flash Flood Kills 10, Xinhua Reports

At least 10 people died in a flash flood in northern China, state media reported on Sunday [Aug. 17], with two others still missing, as the East Asian monsoon continues to unleash atmospheric chaos across the world’s second-largest economy. The...

Posted: Aug 18, 2025

No End in Sight to Plastic Pollution Crisis as Treaty Negotiations in Geneva Fail

Negotiations to reach a major treaty to end growing plastic pollution around the world fell apart on Friday [Aug. 15], with delegates in Switzerland adjourning with no immediate plans to resume. The consequence of the failed talks is devastating, as...

Posted: Aug 18, 2025

Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos

Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, exclud...

Posted: Aug 18, 2025