Insurance Journal

Texas Water Crisis Threatens Booming Industrial Hotspot for Exxon, Koch

Water shortages in South Texas are posing major risks to a fast-growing industrial hub that’s crucial to President Donald Trump’s twin goals of dominating global energy markets and slashing trade deficits. Corpus Christi, a Gulf Coast cit...

Posted: Oct 14, 2025

Look Out, Uber. The Future Looks a Lot More Like Waymo.

There’s something fundamentally American about the freedom to get in your car and drive. Driving is self-determination. The liberty to set your own course. The power to move under your own willpower, whether for duty or sheer pleasure. Despite...

Posted: Oct 14, 2025

King Risk Partners Acquires Virginia’s Jenkins Insurance

Florida-based insurance broker King Risk Partners announced it has acquired Jenkins Insurance, an independent insurance agency based in Harrisonburg, Virginia. Jenkins Insurance has been serving Harrisonburg, Rockingham, and the surrounding regions o...

Posted: Oct 14, 2025

Miami Construction Owner, an Illegal Immigrant, Charged With Workers’ Comp Fraud

A construction firm owner in Miami greatly underreported his company’s payroll, defrauding a workers’ compensation insurer of more than $380,000 in premiums, Florida authorities said Monday. Jose Arias-Reyes, president of AR Carpentry Ser...

Posted: Oct 14, 2025

Shooting at Packed SC Bar Kills 4 and Injures At Least 20 More

A mass shooting early Sunday at a crowded bar on an idyllic island considered to be the largest Gullah community on the South Carolina coast has left four people dead and at least 20 injured, officials said. A large crowd …

Posted: Oct 14, 2025

Rhode Island Couple Dies in Plane Crash on Massachusetts Highway

A Rhode Island husband and wife were killed and another person injured Monday morning when a small plane crashed onto a highway in southeastern Massachusetts. The deceased were identified as Thomas and Agatha Perkins, of Middletown, according to Thom...

Posted: Oct 14, 2025

16 Killed in Blast at Tennessee Military Explosives Factory Near Nashville

A blast in rural Tennessee that leveled an explosives plant and was felt for miles around killed 16 people and left no survivors, authorities said. The explosion left a smoldering wreck of twisted and charred metal and burned-out vehicles at …

Posted: Oct 14, 2025

People Moves: Markel International Restructures, Promotes Hillier as CUO; Miller Taps Optio’s Robins...

This edition of International People Moves details appointments at Markel Insurance and the insurance broker Miller. A summary of these new hires follows here. Markel International Restructures and Promotes Hillier as CUO Markel Insurance, the insura...

Posted: Oct 14, 2025

Nor’easter Knocks Out Power, Snarls Travel Across East Coast

An early-season nor’easter swept across the US East Coast, killing at least one person as it triggered power outages and travel delays, while across the continent a massive storm wreaked havoc on Alaska. The eastern storm will reach its peak &#...

Posted: Oct 14, 2025

Marsh McLennan and Businesses to Unify Under ‘Marsh’ Brand; New Unit Created

Marsh McLennan announced it will change its brand to “Marsh,” effective January 2026, and it has created a new unit, Business and Client Services (BCS), which aims to accelerate innovation and centralize investments in operational excelle...

Posted: Oct 14, 2025

Markets/Coverages: Tokio Marine Kiln Offers Combined Cyber, E&O, Media, IP Solution

Tokio Marine Kiln (TMK), the specialist insurer, announced the launch of “Enterprise Ctrl,” a comprehensive enterprise errors and omissions (E&O) insurance solution that enhances the recently launched TMK Cyber Ctrl+ suite. This first...

Posted: Oct 14, 2025

EU Lawmakers Agree to Drastically Curtail ESG Directives

European Union lawmakers agreed to move ahead with major cuts to a set of sustainability directives, after intense pressure from the bloc’s biggest member states. The EU Parliament’s Committee on Legal Affairs voted on Monday to have the...

Posted: Oct 14, 2025

Carmakers Accused in Huge UK Lawsuits of Cheating Diesel Emissions Tests

Some of the world’s biggest carmakers manipulated diesel emissions tests because they “would rather cheat than comply with the law,” lawyers for over 1.6 million claimants told London’s High Court on Monday, at the start of a...

Posted: Oct 14, 2025

Qantas Says Stolen Customer Data Posted Online After Cyberattack

Qantas Airways Ltd. said customer data stolen during a cyber incident in July has been released online, and that it’s working with security experts and Australian authorities to determine the extent of the exposure. The breach involved 5.7 mill...

Posted: Oct 14, 2025

UK Sees 50% Spike in Major Cyberattacks as Top Firms Targeted

The UK has seen a significant increase in major cyberattacks by criminals and hostile states over the last year, the country’s cyber security agency said, following a spate of high-profile incidents targeting companies from Jaguar Land Rover to...

Posted: Oct 14, 2025

French Banks, Insurers Sell Bonds After Macron’s New Cabinet

French banks and insurers tapped the European market for bonds on Monday, with investor demand holding up for most offerings despite the country’s ongoing political crisis. BPCE SFH sold a €1 billion ($1.2 billion) covered bond, which saw more...

Posted: Oct 14, 2025

Fintech and AI Drive London Finance Job Vacancy Growth in Q3, Recruiter Says

A boom at financial technology firms and growing demand to get to grips with artificial intelligence lifted financial sector job vacancy numbers in London in the third-quarter, Morgan McKinley’s London Employment Monitor showed on Monday. Vacan...

Posted: Oct 14, 2025

Apple Sued Over Use of Copyrighted Books to Train Apple Intelligence

Apple was hit with a lawsuit in California federal court by a pair of neuroscientists who say that the tech company misused thousands of copyrighted books to train its Apple Intelligence artificial intelligence model. Susana Martinez-Conde and Stephe...

Posted: Oct 14, 2025

AI’s Growth Leaves Financial Regulators Struggling to Catch Up

Regulators are still at an “early stage” in their efforts to track the risks posed to the financial system by the rapid adoption of artificial intelligence, global financial watchdogs warned on Oct 10. In a report to the G20, the …

Posted: Oct 14, 2025

Samsung Hit With $445.5M Jury Verdict Over Wireless Communications Patents

A federal jury in Marshall, Texas found on Oct. 10 that Samsung Electronics owes patent owner Collision Communications nearly $445.5 million in damages for infringing on patents related to 4G, 5G and Wi-Fi communications standards. The jury said that...

Posted: Oct 14, 2025

Florida, National Groups File Suit Over ‘Anti-Public Adjuster’ Endorsements

At least six property insurers in Florida have opened a new front in their battle against public claims adjusters – policy endorsements that strongly discourage property owners’ use of public adjusters altogether. And the National Association o...

Posted: Oct 14, 2025

Vermont Stops Use of ‘Angi Certified Pro’ Marketing Term

Online platform Angi, formerly known as Angi’s List, has settled with Vermont’s attorney general over concerns about misleading marketing on its online platform, which connects consumers with more than 300 Vermont contractors or service p...

Posted: Oct 14, 2025

Gavin Newsom Stares Down LA Revolt in California Housing Fight

California Gov. Gavin Newsom signed a bill aimed at ramping up the housing supply, bucking opposition from detractors including Los Angeles Mayor Karen Bass and neighborhoods around the state’s largest city. The legislation allows apartment bui...

Posted: Oct 14, 2025

New California Law Aims to Stabilize Insurance for Those Unable to Get Private Coverage

California Gov. Gavin Newsom signed a bipartisan bill that aims to prevent the state’s home insurer of last resort from running out of money following a natural disaster. The FAIR Plan is an insurance pool that provides policies to people &#823...

Posted: Oct 14, 2025

People Moves: ICW Group in California Names Moretti Chief Claims Officer

ICW Group Insurance Companies named Lynn Moretti chief claims officer. Moretti will oversee the company’s claims operations nationwide. Moretti previously served as chief claims officer for AmTrust Specialty, managing international claims opera...

Posted: Oct 14, 2025