Insurance Journal

People Moves: Fast Joins Alliant Team in Maine

Alliant Insurance Services, headquartered in Irvine, California, named Rob Fast as executive vice president (EVP) within its employee benefits group. He will be based in Portland, Maine. Fast has decades of experience. His career spans product develo...

Posted: Oct 16, 2025

People Moves: Plymouth Rock Agency Marketing Adds Foxx; Fast Joins Alliant in Maine

Plymouth Rock Names Foxx Chief of Agency Marketing for Mass. and NH Plymouth Rock Assurance, headquartered in Boston, Massachusetts, appointed James Foxx as chief of agency marketing for Massachusetts and New Hampshire within the company’s inde...

Posted: Oct 16, 2025

TDI Drafts New Rule Requiring Appraisal Provision in Auto and Homeowners Policies

The Texas Department of Insurance recently published an informal draft of rules that would implement a new law requiring all personal auto and residential property insurance policies to include a binding appraisal provision. The draft outlines apprai...

Posted: Oct 16, 2025

Marsh McLennan Reports 4% Organic Revenue Growth, Down From Q3 2024

Marsh McLennan reports consolidated revenue during the third quarter of $6.4 billion, an increase of 11% over Q3 2024, or 4% on an underlying (organic) basis, down from 5% during Q3 2024. John Doyle, president and CEO, described the Q3 …

Posted: Oct 16, 2025

Storm System Threatens Central and Southern US With Hail and Damaging Winds

As many as 22 states face the risk for severe thunderstorms, hail and damaging wind gusts over the next several days, meteorologists say. A front over the Central/Southern Rockies is expected to move northeastward, producing showers and thunderstorms...

Posted: Oct 16, 2025

NAMIC to Federal Lawmakers: Do Your Job on Flood Insurance Program

Two weeks into the expiration of the National Flood Insurance Program, one of the insurance industry’s trade associations is once again calling for a reauthorization. The National Association of Mutual Insurance Companies (NAMIC) on Oct. 16 iss...

Posted: Oct 16, 2025

Texas Legislature Forms Committees to Investigate July Deadly Floods

Top Republicans in the Texas Legislature have announced the creation of committees tasked with “getting to the bottom of” the July flooding that killed more than 130 people, including 25 young girls and two teenage counselors at Camp Myst...

Posted: Oct 16, 2025

Arthur J. Gallagher & Co. Acquires Michigan’s Strategic Services Group

Arthur J. Gallagher & Co. announced the acquisition of Rochester Hills, Michigan-based Strategic Services Group, Inc. Terms of the transaction were not disclosed. Strategic Services Group provides employee benefits consulting services across a ra...

Posted: Oct 16, 2025

Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Abnormally Low’ Q3 Events

Global insured losses from natural catastrophes during the first nine months of 2025 are estimated to hit US$105 billion, bringing the sixth consecutive calendar year with losses topping US$100 billion and the eighth year since 2017, according to Gal...

Posted: Oct 16, 2025

Incubator, Former C&F Exec Launch Specialty Insurer for Insurers, Financial Managers

A former Crum & Forster executive and a London-based underwriter incubator have teamed up to launch a new specialty insurance company based in Charlotte, North Carolina. 1889 Specialty Insurance plans to offer professional lines coverage and mana...

Posted: Oct 16, 2025

Tennessee Plant Explosion That Killed 16 Was Preventable, National COSH Says

The blast that killed 16 workers at a military explosives plant in Tennessee last week likely could have been prevented with better safety measures and accountability, the National Council for Occupational Safety and Health said in a statement. &#822...

Posted: Oct 16, 2025

Travelers Q3 Net Income Soars 50% on Lower Catastrophe Losses

Third quarter net income at The Travelers Cos. increased 50% compared with the same period a year ago, to about $1.9 billion on lower catastrophe losses. Catastrophe losses for the third quarter this year were $402 million pretax, compared with &#823...

Posted: Oct 16, 2025

Markets/Coverages: HSB Canada Launches Cyber Insurance Coverage for Businesses

HSB Canada, a specialty insurer and part of Munich Re, introduced HSB CyberPro™, a new solution that provides comprehensive insurance coverage and services for businesses. HSB CyberPro combines specialized cyber claims service, active threat monitori...

Posted: Oct 16, 2025

Workers’ Compensation Medical Claims Costs Rising Across Most States: WCRI

Medical costs per claim have begun to rise following a period of relative stability post-pandemic, a new report shows. A new Workers Compensation Research Institute report shows medical payments per claim recently started increasing, fueled by an inc...

Posted: Oct 16, 2025

Record Global Renewable Energy Growth Remains Short of Climate Target: Report

A record amount of renewable energy capacity was added globally last year, but that still left countries short of targets towards meeting a U.N. climate goal to triple capacity by 2030, a report by global renewable groups showed on Tuesday. …

Posted: Oct 16, 2025

CO2 Hits Highest Levels Ever Recorded, WMO says, Warning of More Extreme Weather

Carbon dioxide levels in the atmosphere have reached the highest ever recorded, potentially further warming the planet and leading to more extreme climate events, a new report by the World Meteorological Organization found. From 2023 to 2024, the glo...

Posted: Oct 16, 2025

‘Catastrophic’ Hacks Warning Follows Intrusion of Cyber Firm F5

The cybersecurity company F5 Inc. said nation-state hackers breached its networks, gaining “long-term, persistent access” to certain systems and stealing some source code. The breach prompted alerts from cybersecurity agencies in the US a...

Posted: Oct 16, 2025

Ransomware Ensnares $4.3 Trillion Muni Market’s Key Site

A ransomware attack is disrupting state and local borrowers’ ability to post debt documents on the $4.3 trillion municipal-bond market’s main distribution platform. MuniOS, a website operated by Ann Arbor, Michigan-based tech company Imag...

Posted: Oct 16, 2025

All Commercial Insurance Lines Except One in ‘Soft-Market Territory’: WTW

Moment of opportunity. Clear horizons. The latest WTW Marketplace Realities report, published in early October, is heavy on descriptions of a “unique and promising” inflection point for commercial insurance buyers. “Today, nearly ev...

Posted: Oct 16, 2025

Supreme Court Denies Alex Jones Appeal of $1.4 Billion Sandy Hook Judgment

The U.S. Supreme Court has turned down an appeal by conspiracy theorist Alex Jones of the $1.4 billion judgment against him for his false claims about the 2012 Sandy Hook Elementary School mass shooting that took the lives of 20 …

Posted: Oct 16, 2025

TV’s ‘Real Housewife’ and Her Real Husband Charged With Fake Burglary Report

A cast member of the Bravo TV show “The Real Housewives of Potomac” and her husband have been indicted in Maryland for allegedly reporting a fake burglary. Carroll County officials said Dr. Wendy Osefo and her husband Edward were both &#8...

Posted: Oct 16, 2025

Lawley Acquires Medicare, Health Insurance Specialist ROC

Buffalo, New York-based independent insurance brokerage Lawley reported its merger with ROC Insurance Services in Rochester effective September 1. Founded in 2012, ROC Insurance Services is a Medicare and individual health insurance agency. ROC Insur...

Posted: Oct 16, 2025

People Moves: Cohill Joins LP in Employee Benefits; Koontz Named Alliant’s Pacific Northwest Employe...

Cohill Joins LP Insurance Services LLC Employee Benefits Team James Cohill joined LP Insurance Services LLC as part of its employee benefits team. Based in the Las Vegas, Nevada, office, Cohill will guide all aspects of employee benefits. Cohill has...

Posted: Oct 16, 2025

The Liberty Company Acquires High Ground Insurance Services in California

The Liberty Company Insurance Brokers acquired High Ground Insurance Services in Torrance, California. High Ground is a locally owned regional insurance broker and risk management consultant with a national reach. The firm offers specialized services...

Posted: Oct 16, 2025

Trump Withholding $40.6M From California Over Truck Driver English Rules

The Trump administration said Wednesday it is withholding $40.6 million from California in federal transportation funding for failing to comply with truck driver English proficiency rules. The U.S. Transportation Department had warned California, Was...

Posted: Oct 15, 2025