Insurance Journal

Activist Investor 7Square Pushes Nuernberger to Entertain Rival Offers

Activist investor 7Square is pushing German insurer Nuernberger Beteiligungs AG to consider rival takeover offers, saying a potential acquisition by Vienna Insurance Group wouldn’t reflect its full value. The life-insurance business and the pro...

Posted: Aug 13, 2025

TWFG Insurance Acquires New York’s Angers & Litz Associates

Texas-based TWFG Insurance has expanded its national footprint with the acquisition of Angers & Litz Associates, Inc., a personal and commercial lines insurance agency based in Schenectady, New York. Angers & Litz has been family owned and op...

Posted: Aug 13, 2025

Thousands Flee Wildfires Across Greece as Heat Withers Crops

Greek coastguard vessels evacuated tourists and locals, while a volunteer firefighter died in Spain as authorities struggled to quell blazes across the Mediterranean. A wildfire in Volissos forced evacuations from two beaches on the island of Chios,...

Posted: Aug 13, 2025

Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 billion

Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …

Posted: Aug 13, 2025

Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 Billion

Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …

Posted: Aug 13, 2025

Typhoon Podul Slams Into Southern Taiwan, Hundreds of Flights Canceled

Typhoon Podul hit Taiwan’s sparsely populated southeast coast on Wednesday packing winds of up to 191 kph (118 mph), as a large swathe of southern and eastern parts of the island shut down and hundreds of flights were canceled. Taiwan …

Posted: Aug 13, 2025

Update: Typhoon Podul Slams Into Southern Taiwan, Hundreds of Flights Canceled

Typhoon Podul blew through southern Taiwan on Wednesday packing winds of up to 191 kph (118 mph) and leaving one person missing, as a large swathe of the island shut down and hundreds of flights were canceled. Taiwan is regularly …

Posted: Aug 13, 2025

Appeals Court Says DOGE Team Can Access Sensitive Data

A U.S. appeals court on Tuesday rejected a bid by a group of unions to block the Trump administration government downsizing team known as the Department of Government Efficiency from accessing sensitive data on Americans. The Virginia-based 4th U.S....

Posted: Aug 13, 2025

Employers Miss Out on Talent When Remote Work Isn’t Allowed: Survey

New insights into workforce recruitment and retention challenges suggest employers who don’t allow a remote work option may be missing out on talent, according to global background screening services and workforce management solutions provider...

Posted: Aug 13, 2025

Navigating The Challenging US Liability Litigation Environment

The liability litigation environment in the U.S. continues to be challenging, driven by increases in nuclear and thermonuclear verdicts, rising attorney representation rates and evolving litigation strategies. Sedgwick’s new Liability Litigatio...

Posted: Aug 13, 2025

US Steel Plant Hit by Deadly Blast Has History of Accidents

A United States Steel Corp. plant in Pennsylvania that experienced an explosion that killed at least two people has a history of accidents and violations over the past 15 years. The Clairton Coke Works plant near Pittsburgh, the biggest facility &#82...

Posted: Aug 13, 2025

The Sullivan Group Names Smith President And CEO

The Sullivan Group named Thom Smith president and CEO. Smith will be responsible for overseeing day-to-day operations, advancing strategic initiatives and driving long-term growth across the organization. His focus will include expanding treaty reins...

Posted: Aug 13, 2025

Men Collecting Workers’ Comp Caught Coaching Soccer, Flipping Cheesesteaks

New York state officials recently reported developments in two workers’ compensation fraud investigations involving Long Island residents who received thousands in benefits while engaging in off-the-books work — including one coaching high scho...

Posted: Aug 13, 2025

California and Washington Companies Paying $145M to Settle FTC Charges

A California healthcare company and a Washington healthcare company just pay $145 million in separate matters to resolve Federal Trade Commission charges over misleading consumers. Assurance IQ, LLC and MediaAlpha, Inc. will pay a total of $145 milli...

Posted: Aug 13, 2025

‘Data-Driven’ Workers’ Compensation Writer Pie Insurance Enters Connecticut

Pie Insurance announced it is now offering its “data-driven” workers’ compensation insurance in Connecticut, targeting the state’s more than 365,000 small businesses. “Connecticut’s economy depends on small busines...

Posted: Aug 13, 2025

Chevrolets, Hyundai Among Affordable Trucks and SUVs to Insure, Mercury Says

Two Chevrolets and a Hyundai topped the list of the most affordable new trucks and SUVs to insure for 2025, according to a new list compiled by California-based Mercury Insurance. Factors contributing to Mercury’s list included claims on simila...

Posted: Aug 13, 2025

AAIP Names 2025/26 Officers and Directors

The Austin Association of Insurance Professionals (AAIP) held their 2025 installation dinner on Wednesday, June 20th at The Oasis on Lake Travis in Austin, Texas. The 2025/26 Officers & Directors for AAIP were installed. AAIP President, Meghan We...

Posted: Aug 12, 2025

Chemical Safety Board to Investigate Fatal US Steel Facility Explosion

The U.S. Chemical Safety and Hazard Investigation Board (CSB) said today that it is investigating the fatal explosions and fires at U.S. Steel’s Clairton Coke Works plant in Clairton, Pennsylvania, that occurred on Monday. Two people were kille...

Posted: Aug 12, 2025

Judge Stops Hazardous Waste Shipments to Michigan Landfill

A judge has stopped government contractors in five states from sending hazardous waste to a Michigan landfill after a year of legal challenges by Detroit-area communities concerned about possible environmental impacts. Wayne County Judge Kevin Cox sa...

Posted: Aug 12, 2025

Wisconsin Severe Storms Cause Flooding, Knock Out Power

Flash flooding canceled the final day of the Wisconsin State Fair on Sunday as continued heavy rainfall in half a dozen Midwest states forced motorists to abandon their vehicles, cut power to thousands of households and closed busy roadways. Organize...

Posted: Aug 12, 2025

Texas Homeowners Question Whether to Rebuild After Floods

Brian Keeper doesn’t remember exactly when his family began spending holidays in Hunt, an unincorporated town on the banks of the Guadalupe River where they’d camp, swim, and fish. Sometimes they caught so many perch, bass, and catfish th...

Posted: Aug 12, 2025

People Moves: BHSI Names QBE’s Masciovecchio as Country Manager, Switzerland; Hamilton Insurance Gro...

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Hamilton Insurance Group. A summary of these new hires follows here. BHSI Names QBE’s Masciovecchio as Country Manager, Switzer...

Posted: Aug 12, 2025

Do Kwon to Plead Guilty to US Conspiracy, Fraud Charges in $40B Crypto Collapse

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, is planning to plead guilty on Tuesday to two charges of conspiracy to defraud and wire fraud, a judge said at …

Posted: Aug 12, 2025

Do Kwon Pleads Guilty to US Fraud Charges in $40B Crypto Collapse

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, pleaded guilty on Tuesday to two U.S. charges of conspiracy to defraud and wire fraud. Kwon, 33, who co-founded Singapore-...

Posted: Aug 12, 2025

Specialist Risk Group Acquires London-Based City Quarter Brokers

Specialist Risk Group (SRG), the London-based group of insurance intermediaries, has entered into an agreement to acquire City Quarter Brokers, subject to regulatory approval. Financial details of the deal were not disclosed. City Quarter Brokers is...

Posted: Aug 12, 2025