Insurance Journal
In a room outside the Maryland State Senate chamber last winter, consumer advocates were meeting privately with lawmakers to explain how borrowers were losing their homes over “zombie” loans, old second mortgages that they hadn’t he...
Posted: Mar 17, 2026
From Alabama to North Carolina, tornadoes and probable tornadoes ripped a roof off a warehouse, damaged homes and left many without power across the Southeast. News sites reported that a confirmed tornado, with winds of 85 mph, struck an air-conditio...
Posted: Mar 17, 2026
A Crofton, Maryland woman has pleaded guilty in two separate felony theft schemes, according to Attorney General Anthony G. Brown. On Monday in Anne Arundel County Circuit Court, Carolyn Rae Aldridge admitted to stealing a combined total of $185,296....
Posted: Mar 17, 2026
The head of the International Maritime Organization has said that naval escorts through the Strait of Hormuz will not “100 percent guarantee” the safety of ships attempting to transit the waterway, the Financial Times reported on Tuesday....
Posted: Mar 17, 2026
The insurance industry continues to evolve, and MGAs, wholesalers, and program administrators are under increasing pressure to move faster, operate more efficiently, and deliver better experiences for agents and insureds. As programs scale, operation...
Posted: Mar 17, 2026
The outbreak of hostilities in the Middle East and surging energy costs are expected to exacerbate soaring levels of financial distress among European corporates, according to Alvarez & Marsal Inc. Even before the US and Israel began their attack...
Posted: Mar 17, 2026
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …
Posted: Mar 17, 2026
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …
Posted: Mar 17, 2026
Chicago’s real estate industry has ignited a battle over a $19 billion tax bill that property owners say is holding back new construction and contributing to surging rents. Donors have poured $1.4 million in the past six months into the …
Posted: Mar 17, 2026
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according to people involved in the market. The cost of coverage has leaped to about 5% of the value of a …
Posted: Mar 17, 2026
Amazon.com’s drone unit Prime Air is withdrawing from the Commercial Drone Alliance, taking issue with the industry trade group’s opposition to a regulatory proposal for detect-and-avoid systems to prevent drone collisions with crewed air...
Posted: Mar 17, 2026
Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos ̷...
Posted: Mar 17, 2026
HW Kaufman Group Names Hattaway President of RB Jones RB Jones, a managing general underwriter providing specialty risk coverage solutions for brokers, agents and wholesalers, named Michael Hattaway as president. He will be based in New York City and...
Posted: Mar 17, 2026
Investment in AI infrastructure via off-balance sheet debt is increasing the exposure of insurers and private credit funds to hyperscalers, according to officials at the Bank for International Settlements. “Alongside traditional bonds, hypersca...
Posted: Mar 17, 2026
Amid the last-minute scramble to move legislation before the non-budgetary session was set to end last week, Florida lawmakers quietly approved a bill that could open up more contaminated “brownfield” areas in south Florida to housing dev...
Posted: Mar 17, 2026
AM Best reports it has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” (Superior) of Amica Mutual Insurance Co...
Posted: Mar 17, 2026
The city of New Haven’s insurance company is insisting that the city pay back the $3.55 million the insurer paid to settle claims over a 2019 rooming house fire in which two people were killed. Pennsylvania Manufacturers Association Insurance C...
Posted: Mar 17, 2026
After years of litigation, PDX North, Inc., a last-mile automotive parts distribution company, has agreed to pay up to $7 million to resolve worker misclassification violations involving its delivery drivers, announced New Jersey officials. The settl...
Posted: Mar 17, 2026
Owners of one of the biggest towing businesses in Southern California were arrested on multiple counts of felony insurance fraud. Bothers Mark Hassan and Ahmed Hassan were charged with underreporting employee payroll and paying parts of employeesR...
Posted: Mar 17, 2026
Bank of America Corp. has agreed to settle a proposed class action lawsuit on behalf of Jeffrey Epstein victims who accused the bank of aiding in the deceased financier’s sex-trafficking, according to a court record. The agreement in principle...
Posted: Mar 16, 2026
As another wildfire season looms, insurance companies have abandoned some California neighborhoods at lower risk of burning, forcing tens of thousands of homeowners to obtain bare-bones coverage from the state’s insurer of last resort. Californ...
Posted: Mar 16, 2026
Farmers Insurance alleges in a lawsuit that a former agent in Oklahoma conspired to move Farmers’ insureds to other insurance companies, including an agency where his wife works. Farmers alleges that Bradley McKinney broke his Agent Appointment...
Posted: Mar 16, 2026
The city of St. Petersburg, Florida, in 2024 famously lowered its insurance coverage on Tropicana Field, the longtime home of the Tampa Bay Rays baseball team. The move saved the city some $275,000 in annual premium but slashed coverage limits …...
Posted: Mar 16, 2026
TMK Appoints Glover From AIG as Aviation Underwriter Specialty insurer Tokio Marine Kiln (TMK) announced it has appointed Cameron Glover as an underwriter within its Aviation department. He takes up his new role within the expanding Aerospace divisio...
Posted: Mar 16, 2026
The Trump administration’s $20 billion maritime reinsurance program, which aims to cover hull & machinery, as well as cargo, is designed to get ships moving through the Strait of Hormuz. But, according to Moody’s Ratings, without cove...
Posted: Mar 16, 2026