Insurance Journal
Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property and casualty market report from the state’s insurance council. Annual direct losses in Texas have now increased in two consecutive y...
Posted: Sep 05, 2025
The US Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered by OpenAI, Alphabet Inc.’s Google and Meta Platforms Inc., according to people familiar with the matter. The study will fo...
Posted: Sep 05, 2025
This edition of International People Moves details appointments at Everest Reinsurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Everest Promotes Voralia as CUO, Global Reinsurance Everest Reinsuran...
Posted: Sep 05, 2025
Use of artificial intelligence among businesses jumped in the last year and is expected to continue to grow, yet few firms have cut jobs as a result so far, according to a new Federal Reserve Bank of New York study. …
Posted: Sep 05, 2025
AXA XL has launched a web-based portal for its global clients, providing a centralized platform which allows data insights across multinational solutions portfolios to be viewed and exported in real-time. The portal, which is available via AXA’...
Posted: Sep 05, 2025
Alabama’s insurance commissioner has extended a moratorium on new captive insurance companies and risk retention groups until at least next summer. The bulletin, posted this week, follows the commissioner’s announcement in March that the...
Posted: Sep 05, 2025
The head of the European Parliament’s trade committee said Wednesday he has “doubts” about aspects of the EU’s trade deal with the Trump administration and predicted the deal could be amended during the legislative approval pr...
Posted: Sep 05, 2025
The manager of the cargo ship that caused the collapse of Baltimore’s Key Bridge in March 2024 should be denied the protections of a federal maritime law it seeks to invoke because it is not the owner of the ship, …
Posted: Sep 05, 2025
SAIF’s board of directors has declared a $50 million dividend for more than 50,000 workers’ compensation policyholders. In October, 50,757 policyholders are set to receive the dividend, which will be calculated based on the premium for po...
Posted: Sep 05, 2025
Rhode Island, Connecticut and wind farm developer Orsted A/S are suing the Trump administration in an effort to revive construction of an almost-finished offshore project meant to provide power to the two New England states. The developer sued Thursd...
Posted: Sep 05, 2025
The U.S. Federal Trade Commission barred the largest pet cremation business in the U.S. from enforcing its noncompete agreements with 1,800 workers on Thursday, saying they unfairly diminish workers’ leverage with their employer. FTC Chair Andr...
Posted: Sep 05, 2025
North Korean hackers are saturating the cryptocurrency industry with credible-sounding job offers as part of their campaign to steal digital cash, according to new research, raw data, and interviews. The problem is becoming so common that job applica...
Posted: Sep 04, 2025
When churning flood waters swept away a group of tourists in Pakistan’s Swat Valley in June, the whole country felt a sense of déjà vu. Just three years ago, extensive floods had swallowed entire hotels and families vacationing in the …
Posted: Sep 04, 2025
The U.S. asked a federal court to force Southern California Edison to pay for fighting a pair of wildfires that were believed to have originated from its power lines, including the Eaton Fire in January in Los Angeles County that …
Posted: Sep 04, 2025
Steadfast Group has announced its acquisition of a majority stake in US-based specialty managing general agency and wholesale brokerage, Novum Underwriting Partners LLC. Founded in 2019 and based in Ohio, the business is underpinned by a proprietary...
Posted: Sep 04, 2025
The Gulf Coast has avoided any major tropical storms so far this hurricane season, but the Gulf’s luck could soon change, AccuWeather hurricane experts say. Water temperatures in the Gulf are exceptionally warm, creating conditions for rapid in...
Posted: Sep 04, 2025
Gallagher Re Agrees to Buy Steadfast Re in Australia Gallagher Re, the global reinsurance broker and subsidiary of Arthur J. Gallagher, has signed an agreement to acquire Steadfast Re Pty Ltd., a Sydney-based reinsurance broking firm. Terms of the de...
Posted: Sep 04, 2025
Lloyd’s first half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January’s California wildfires. The market’s combined ratio...
Posted: Sep 04, 2025
One of the top collegiate athletic conferences is doubling down on its partnership with Allstate. Allstate has agreed to a sponsorship deal with the Big 12 Conference that will give the carrier premier integration across the conference’s marque...
Posted: Sep 04, 2025
Several wildfires were burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The fires were started by numerous lightning strikes that hit California this week. Dubbed the TCU Sept...
Posted: Sep 04, 2025
The Texas House gaveled out of the second special session late Wednesday, leaving behind Senate Bill 6, which would have broadly banned consumable hemp products with any “detectable amount of any cannabinoid.” Only those with cannabidiol...
Posted: Sep 04, 2025
Allianz Commercial, with U.S. headquarters in New York City, named Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will be responsible for the strategic direction and management of Alli...
Posted: Sep 04, 2025
Two adults were killed and seven children injured in an accident in a remote area of an all-terrain vehicle park in Alabama, authorities said. No one was wearing a harness or restraint in the off-road vehicle. The side-by-side RZR, an …
Posted: Sep 04, 2025
A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdi...
Posted: Sep 04, 2025
Miami linebacker Adarius Hayes has been charged with three counts of vehicular homicide and one count of reckless driving with serious bodily injury, all of which followed the investigation into a May crash that killed three people. Hayes surrendered...
Posted: Sep 04, 2025