Insurance Journal
If you’re an independent insurance agent, you already know what’s around the corner. Late summer and early fall bring peak CAT (catastrophic) event seasons, and they’re no joke. From hurricanes and wildfires to floods and severe sto...
Posted: Sep 11, 2025
Insurance solutions—more broadly referred to as risk transfer—that are parametric in design have become a common point of conversation between insurance buyers and their risk advisors when discussing protection options. These alternative risk transfe...
Posted: Sep 11, 2025
A newly released report suggests that nearly 90 percent of fleets believe claims service needs to improve, sparking a turning point for the commercial insurance industry. AI native insurer Nirvana released its 2025 Claims Experience Report surveying...
Posted: Sep 11, 2025
Greening disease, caused by bacteria transmitted by the Asian citrus psyllid, has infected nearly 48% of Brazil’s citrus belt, according to new data from industry-funded research group Fundecitrus on Wednesday. Such infections have increased fo...
Posted: Sep 11, 2025
Survivors of major natural disasters in the U.S. are having to wait longer to get aid from the federal government, according to a new Associated Press analysis of decades of data. On average, it took less than two weeks for …
Posted: Sep 11, 2025
Coupang, the e-commerce company often called the Amazon of South Korea, won the dismissal on Wednesday of a lawsuit claiming it defrauded shareholders during and after its 2021 initial public offering, Wall Street’s largest by a foreign company...
Posted: Sep 10, 2025
Wall Street’s top regulator on Wednesday criticized two recent European laws on companies’ disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump...
Posted: Sep 10, 2025
More than 60 containers toppled off a cargo ship in the Port of Long Beach, tumbling overboard and floating in the water. The shipping containers fell off a vessel named the Mississippi shortly before 9 a.m. on Tuesday, and no …
Posted: Sep 10, 2025
California lawmakers have reached an initial agreement to shore up the state’s wildfire utility fund. The agreement is expected be filed into legislative text on Wednesday after lawmakers suspended a Tuesday deadline, according to people famili...
Posted: Sep 10, 2025
East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, will pay $460,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency anno...
Posted: Sep 10, 2025
THC products will remain largely legal in Texas, but will be banned for minors and further regulated under a new executive order by Gov. Greg Abbott on Wednesday. Abbott directs the Texas Department of State Health Services and the Alcoholic …
Posted: Sep 10, 2025
In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for Florida-based Olympus Insurance Co. At the same time,...
Posted: Sep 10, 2025
A North Carolina firefighter who was shot while answering a fire alarm call is recovering, while a suspect is in jail. The Associated Press and local media reported that the fireman was shot last week in Ellerbe. One fire truck …
Posted: Sep 10, 2025
Arthur J. Gallagher & Co. announced the acquisition of St. Paul, Minnesota-based Bremer Insurance Agencies, Inc. Terms of the transaction were not disclosed. Bremer Insurance Agencies, a subsidiary of Old National Bancorp (NASDAQ:ONB) following t...
Posted: Sep 10, 2025
The New Orleans Archdiocese on Monday agreed to a $230 million proposed settlement for survivors of clergy sexual abuse, attorneys for some of the survivors said Monday. The agreement paves the way for a final resolution to yearslong negotiations ami...
Posted: Sep 10, 2025
Meta Platforms and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive no money back while officials reformulate the levy. Meta and ByteDance̵...
Posted: Sep 10, 2025
Lincoln International, a global investment banking advisory firm, said it has a definitive agreement to acquire MarshBerry, an advisory firm serving the insurance brokerage, insurance distribution, and wealth management sectors for over 40 years. Lin...
Posted: Sep 10, 2025
Republican U.S. Senator Ted Cruz introduced a bill on Wednesday that would let artificial intelligence companies apply for exemptions to federal regulation to help them experiment in developing new technology. Cruz leads the Senate Commerce Committee...
Posted: Sep 10, 2025
U.S. commercial insurance rates increased 3.8% in the second quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). WTW said the price increase has been very close to 6% over the past six quarters. Carriers &#...
Posted: Sep 10, 2025
Insurers that have not indicated they will pay claims from sexual abuse survivors currently have no standing to contest certain claims as they are being considered, a federal bankruptcy judge recently ruled in a case involving the Roman Catholic Dioc...
Posted: Sep 10, 2025
Amazon.com Inc.’s autonomous driving unit Zoox has started offering rides to the public in Las Vegas, marking a first in the U.S. for a purpose-built robotaxi with no driver controls. Starting Wednesday, Zoox will offer trips in and around the...
Posted: Sep 10, 2025
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across mos...
Posted: Sep 10, 2025
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across mos...
Posted: Sep 10, 2025
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17% in the first half of 2025. The new report found that successful attacks are becoming...
Posted: Sep 10, 2025
Willis, a business of the broker WTW, announced the launch of a Global Risk Engineering team, as a key expansion of its Global Risk & Analytics (R&A) business. By consolidating and elevating its engineering capabilities, Willis said it is enh...
Posted: Sep 10, 2025