Insurance Journal

EU Likely to Miss Latest UN Deadline to Submit Climate Pledge

The European Union is likely to miss the latest deadline set by the United Nations to submit a climate pledge before the end of this month, with member states split over how best to cut emissions. Instead of presenting a …

Posted: Sep 16, 2025

NHTSA Opens Probe Into 174,000 Tesla Model Y Cars Over Door Handle Failures

The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened an investigation into about 174,000 Tesla TSLA.O Model Y cars from the 2021 model year over reports that electronic door handles can become inoperative. NHTSA said...

Posted: Sep 16, 2025

People Moves: CRC Group Names Paris CRO, USG Adds Smith as Broker

The CRC Group, based in Charlotte, has named Brennan Paris chief revenue officer of CRC Specialty. Brennan will also remain president of CRC Select, CRC Specialty’s binding operations, the company announced. Paris will oversee revenue growth fo...

Posted: Sep 16, 2025

SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting

Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American ca...

Posted: Sep 16, 2025

Amica Mutual Signs With Penn State Athletics

Amica Mutual Insurance Co. has signed a multiyear partnership with Penn State Athletics and its fanbase of an estimated 15 million people nationwide, Amica will be the official auto, home and life insurance partner of Penn State Athletics. The deal &...

Posted: Sep 16, 2025

Without Clear Rules on Use, Maine Towns Experimenting With AI

After reading through a pile of resumes, Town Manager Anthony Wilson mentally ranked the people trying to become Winthrop’s general assistance administrator. Seeking a second opinion, he turned to ChatGPT. He fed the job description and resumes...

Posted: Sep 16, 2025

Maryland Insurers Must Disclose Use of Claims History for All P/C Lines

Maryland’s insurance commissioner is advising insurers that if they consider claims history in deciding whether to cancel or non-renew coverage, they must disclose this practice at the inception of a policy and at each renewal for all lines of...

Posted: Sep 16, 2025

Fire and Explosion at North Carolina Manufacturing Site Under Investigation

Authorities were investigating a fire and explosion at a Fiberon plant in North Carolina that injured four workers late last week. The Queen City News and other sites reported that the facility in New London, which makes composite material for &#8230...

Posted: Sep 16, 2025

Trump Sues The New York Times for Defamation and Libel, Seeks $15 Billion

U.S. President Donald Trump sued the New York Times, four of its reporters, and publisher Penguin Random House for at least $15 billion on Monday, claiming defamation and libel, and citing reputational damage, a Florida court filing showed. Trump&#82...

Posted: Sep 16, 2025

Fidelis Partnership Launches MGA Arenite Specialty for Surety, Credit Risk Insurance

Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Arenite Specialty to write surety and credit risk insurance. Initially focused on Australia, Asia Pacific and La...

Posted: Sep 16, 2025

Viewpoint: Can Global Reinsurers Stay on Track Through 2026?

During the upcoming renewals, S&P Global Ratings expects a moderate decline in pricing for short-tail lines but that global reinsurers will hold firm on terms and conditions. Risks arising from geopolitical tensions could affect both sides of glo...

Posted: Sep 16, 2025

China Fires Water Cannons After Collision With Philippine Ship

Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where Chinese coast guard ships fired water cannons as tensions escalate over the rivals’ long-running maritime dispute. The China Coast Guard accused Manila...

Posted: Sep 16, 2025

How a High-M&A Insurance Agency Reduces Complexity at Scale

How INSURICA has streamlined its operations for growth Compliance officers are often the unsung heroes of the insurance industry, battling it out with spreadsheets to help move insurance agents through the ready-to-sell process, and that was historic...

Posted: Sep 16, 2025

Gucci Owner Kering Says It Was Hacked, Limited Data Accessed

Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …

Posted: Sep 16, 2025

Gucci Owner Kering Says it Was Hacked, Limited Data Accessed

Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …

Posted: Sep 16, 2025

VW Brown Owner Ripley Takes Over as Chair of Big ‘I’

Angela Ripley, owner and president of Maryland-based VW Brown Insurance Service, is the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”). Ripley became the second woman to serve as chair at the organiza...

Posted: Sep 16, 2025

AmTrust Expands E&S Division, Spins Off Some MGAs With Blackstone

AmTrust Financial Services has a busy day on Sept. 15 as it expanded its excess & surplus division to include new lines, appointed leadership, and announced an agreement with Blackstone Credit & Insurance to spin off certain managing general...

Posted: Sep 16, 2025

Australia Pledges $6 Billion by 2030 to Tackle Climate Hazards as Disaster Risk Rises

Australia will spend A$9 billion ($6 billion) on climate adaptation through 2030 as it braces for more frequent, severe and overlapping hazards caused by global warming, the government said in two climate-related reports on Monday. The money is earma...

Posted: Sep 16, 2025

Citizens No Longer Winning Most Arbitration Cases. They’re Settling for Next to Nil

Pressure may be mounting on Florida’s Citizens Property Insurance Corp. to reduce its use of state-agency arbitration for claims disputes, following new class-action lawsuits, court rulings and national news reports suggesting the alternative d...

Posted: Sep 16, 2025

California Lawmakers Pass Bill to Boost Oil Production

California lawmakers passed a bill over the weekend that would allow the construction of thousands of new oil wells annually in the Golden State in a bid to make oil supply more affordable for refineries and keep fuel prices in …

Posted: Sep 16, 2025

Former Executive of Mars Candy Subsidiary Pleads Guilty to Stealing $28M

A former executive for a subsidiary of candymaker Mars Inc. pleaded guilty last Thursday to fraud and tax charges in connection with his theft of $28 million from the company, federal prosecutors said. Paul Steed, 58, appeared in federal court &#8230...

Posted: Sep 16, 2025

California Commissioner Pushes for Wildfire Recovery Bill, Other Legislation

California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective respo...

Posted: Sep 15, 2025

Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Program...

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensatio...

Posted: Sep 15, 2025

Medical Costs Double in California Comp Claims With Functional Restoration Programs

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensatio...

Posted: Sep 15, 2025

Skyward Specialty Names Zitzmann as President of Inland Marine and Transactional Property

Skyward Specialty Insurance Group recruited Christopher Zitzmann as President of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry exp...

Posted: Sep 15, 2025