Insurance Journal

California Invests $26M to Recruit More Women into Construction

The California Department of Industrial Relations awarded 25 construction apprenticeship programs $26 million in Equal Representation in Construction Apprenticeship grants to increase access to construction careers for women and disadvantaged communi...

Posted: Aug 11, 2025

Two Adults and Four Children Perish in Maryland House Fire

Two adults and four children perished in a house fire Sunday morning in Waldorf, Maryland, according to state officials. Two other adults escaped and one more was not home when the fire broke out, . The cause of the fire …

Posted: Aug 10, 2025

3 Ways for Insurers to Spread Catastrophe Risk Literacy to Homeowners, Minimal Lift Required

This post is part of a series sponsored by Cotality. Homeownership has long been synonymous with the American Dream. And it’s no wonder: owning property allows you to customize where you live, build stability, and, perhaps most importantly, it...

Posted: Aug 08, 2025

Iowa AG Secures Pair of Environment Case Settlements

Iowa Attorney General Brenna Bird announced settlements in two cases her office prosecuted on behalf of the Iowa Department of Natural Resources. Agri Star Meat and Poultry, LLC has agreed to pay a $50,000 penalty and come into full compliance &#8230...

Posted: Aug 08, 2025

Second California Wildfire Prompts Evacuations, Threatens Thousands of Structures

A brush fire in a mountainous area north of Los Angeles has forced thousands of evacuations, becoming one of two ongoing blazes of concern in California. The Canyon fire in Los Angeles and Ventura counties, which started on Thursday afternoon, &#8230...

Posted: Aug 08, 2025

Minnesota Cities Consider Government-Run Marijuana Shops

As some Minnesota cities fret over regulating newly legalized and normalized marijuana sales, others see an opportunity. Elk River is among 13 Minnesota cities considering opening municipally owned cannabis stores. They would be blazing new trails in...

Posted: Aug 08, 2025

Tesla Secures Texas Rideshare Permit for Robotaxi Operation

Tesla Inc. has been granted a rideshare license in Texas, paving the way for the electric-vehicle maker to operate its robotaxi service under new regulations governing autonomous vehicles in the state. Tesla Robotaxi LLC is now listed as a transporta...

Posted: Aug 08, 2025

Why Experts Say States Need to Get in the Business of Floodplain Buyouts

As flooding becomes an increasingly common and destructive feature of Texas life, housing experts are calling for the creation of a statewide, voluntary buyout program to move residents out of the most high-risk areas. The experts say Texas needs a &...

Posted: Aug 08, 2025

Zurich Insurance Reports Record H1 Profit of $4.2B, Driven by Middle Market, Specialty

Zurich Insurance Group reported some record numbers during the first half: business operating profit (BOP) was up 6% to a record US$4.2 billion and core return on equity hit a best-ever number of 26.3%. What is the reason for Zurich’s …

Posted: Aug 08, 2025

Former Ironshore, Lexington CEO Kevin Kelley Dies

Long-time industry leader Kevin H. Kelley has died. Kelley was last in the industry with Liberty Mutual Insurance, where he was vice chairman, Global Risk Solutions after joining the company in 2017 when Ironshore was acquired by Liberty Mutual. He &...

Posted: Aug 08, 2025

Two South Carolina Women Charged With Fake Hit-and-Run Scam

Two South Carolina women filed an auto accident claim with First Acceptance Insurance Co. in May and were paid more than $25,500 for bodily injury medical expenses. Then investigators found out that the women had fabricated the entire incident, the &...

Posted: Aug 08, 2025

Homeowners Insurers Still Boosting Rates; Top Carriers Ranked: AM Best

Last year’s sub-100 combined ratio for the homeowners line broke a five-year string of 100-plus figures for the U.S. insurance industry in aggregate—and homeowners insurers are sticking to rate increases to keep profits going, a new report says...

Posted: Aug 08, 2025

Smith Brothers Acquires Moscato & Associates

Connecticut-based Smith Brothers Insurance announced it acquired Moscato & Associates of Ithaca, New York on August 1, 2025. Moscato & Associates, an independent agency specializing in employee benefits, individual health, and Medicare, will...

Posted: Aug 08, 2025

NC Residents Can Now Seek State Aid After Tropical Storm Chantal

RALEIGH, N.C. (AP) — Individuals in central North Carolina counties whose homes and belongings were damaged by massive rains last month from Tropical Storm Chantal can now seek state-funded financial grants for temporary assistance. The aid for resid...

Posted: Aug 08, 2025

2 South Carolina Deputies Hurt by Live Rounds Kept in Baggie in Desk Drawer

COLUMBIA, S.C. (AP) — Two deputies shot and injured in a training exercise in South Carolina were wounded by ammunition taken from a plastic bag in a desk drawer and not property tested to see if they were blanks, a …

Posted: Aug 08, 2025

ALKEME Acquires Innovative Insurance Group

California-based insurance brokerage ALKEME announced its acquisition of Innovative Insurance Group, one of Virginia’s largest insurance agencies. This acquisition marks a significant expansion of ALKEME’s commitment to the East Coast, ac...

Posted: Aug 08, 2025

Great Barrier Reef Records Largest Annual Coral Loss in 39 Years

The Great Barrier Reef has experienced its greatest annual loss of live coral across most of its expanse in four decades of record-keeping, Australian authorities say. But due to increasing coral cover since 2017, the coral deaths — caused mainly &#8...

Posted: Aug 08, 2025

Ontario Teachers’ Sells Stake in French Broker Diot-Siaci to Private Equity Firm Ardian

Ontario Teachers’ Pension Plan has signed a definitive agreement to sell its stake in Diot-Siaci, a Paris-based corporate insurance brokerage group, to French private equity firm Ardian. Financial details of the deal were not disclosed. As a lo...

Posted: Aug 08, 2025

People Moves: Kingstone Appoints Patten CFO

Kingstone Companies Inc., headquartered in Kingston, New York, appointed Randy L. Patten as chief financial officer (CFO), effective August 25. Patten joins Kingstone Companies, Inc. from NEXT Insurance Inc., where he most recently served as vice pre...

Posted: Aug 08, 2025

Australia’s Privacy Regulator Sues Optus Over 2022 Data Breach

An Australian regulator has sued Optus, alleging the Singapore Telecommunications-owned carrier breached privacy laws during a 2022 cyber attack that compromised the personal data of millions of customers, both parties confirmed on Friday. Optus, one...

Posted: Aug 08, 2025

BHP, Vale Offer $1.4B Settlement in UK Lawsuit Over Brazil Mining-Dam Disaster: FT

Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil’s worst-ever environmental disasters, the Financial Times reported on Thursday. The lawsuit stems fro...

Posted: Aug 08, 2025

Fires Ravage Southern French Vineyards Ahead of Harvest Season

French wine makers have seen extensive damage to vines that were almost ready to be harvested after the worst fires in more than 70 years burned through the south of the country. “The situation is catastrophic”, Franck Saillan, general se...

Posted: Aug 08, 2025

Digging Into Tesla’s Liability in Crash Case: Where’s the Data?

Two experts on autonomous vehicle safety recently dove into legal arguments and engineering factors that shaped last week’s landmark jury decision against Tesla, at one point surfacing an important takeaway about insurance for Tesla drivers. &#...

Posted: Aug 08, 2025

Surplus Lines Sector Shows 13.2% Rise in Premium Mid-Year: WSIA Report

Surplus lines sector continues to grow with mid-year premium reaching $46.2 billion from the 3.7 million items filed so far in 2025, according to data from U.S. surplus lines service and stamping offices in 15 states. These figures represent a &#8230...

Posted: Aug 08, 2025

Trenton Diocese Withdraws Lawsuit Against Insurers Over Sex Abuse Coverage

The Roman Catholic Diocese of Trenton, New Jersey has voluntarily withdrawn its lawsuit against four liability insurers over coverage for sexual abuse claims brought against the diocese under the New Jersey Child Victims Act. The diocese sued in Febr...

Posted: Aug 08, 2025