Insurance Journal

McDonald’s Keeps ‘Core’ Inclusion Programs Despite DEI Backlash

McDonald’s Corp. said it’s sticking to its most important inclusion initiatives, even as the Trump administration and conservative activists attack diversity, equity and inclusion practices. McDonald’s earlier this year retired &#82...

Posted: Jun 09, 2025

EPA Reaches $1.1M Settlement With Illinois Chemical Solutions Company

The U.S. Environmental Protection Agency announced a settlement with chemicals solutions company Stepan Co. of Northbrook, Illinois, for allegedly distributing or selling a misbranded pesticide in violation of the Federal Insecticide, Fungicide, and...

Posted: Jun 09, 2025

Louisiana Police Officer Who Fatally Shot a Puppy Will Face a Jury Lawsuit Trial

A New Orleans police officer who shot and killed a puppy while responding to a call is set to go to trial Monday in a federal lawsuit filed by the dog’s owners. The Catahoula Leopard dog ran up to Officer …

Posted: Jun 09, 2025

AM Best: US P/C Industry Records $1.1B Underwriting Loss for Q1

Growth in net earned premiums during the first three months of 2025 was offset by losses and expenses, resulting in a $1.1 billion net underwriting loss of the U.S. P/C industry. According to industry rating agency AM Best, the January …

Posted: Jun 09, 2025

Michigan Marijuana Store to Pay $205K to Settle a Workers’ Lawsuit Over Lost Tips

A judge approved a deal Friday to try to solve a major buzzkill: Employees at a Michigan marijuana dispensary chain said management was keeping tips left by happy customers. Timber Cannabis, which has seven locations, agreed to pay $205,000 to &#8230...

Posted: Jun 09, 2025

Hedge Funds Face California Rebuke Over Role in Wildfire Claims

Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical. The transactions in focus are tied to so-called subrogation claims, which hedge funds, private equ...

Posted: Jun 09, 2025

Erie Insurance Dealing With Network Outage Affecting All Systems

Pennsylvania-based Erie Insurance on Sunday reported it is experiencing a “network outage that is affecting all systems.” Customers are unable to access online accounts or reach customer care or first notice of loss via phone, according t...

Posted: Jun 09, 2025

Insurtech Slide Targets $2B-Plus Valuation in IPO

Insurance tech company Slide is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering, joining a lineup of insurance companies that have made impressive stock market debuts in recent weeks. Slide’s roadshow launch fo...

Posted: Jun 09, 2025

Howden Acquires Peruvian Reinsurance Broker Innova Re

Howden, the London-based insurance intermediary group, announced it has acquired Innova Re, a market leading, independent reinsurance broker headquartered in Lima. Financial details of this deal were not disclosed. Established in 2017 and led by Juan...

Posted: Jun 09, 2025

22 Rescued From Boat on Fire in Long Island Sound

New York first responders rescued 22 people Saturday evening from a boat on fire in the waters near City Island in the Bronx. The New York Fire Department (FDNY) reported that its marine unit was conducting routine patrols when it …

Posted: Jun 09, 2025

Chevron CEO Warned Staff of Rising Safety Issues Before Fatal Angola Platform Fire

Chevron CEO Mike Wirth told employees they needed to reinforce safety standards after a growing number of injury near-misses in an internal video message on April 29, just weeks before three workers died due to a fire on one of …

Posted: Jun 09, 2025

DoorDash, Grubhub, Uber Eats Settle Wage Lawsuits Against New York City

DoorDash, Grubhub and Uber Eats have settled lawsuits against New York City over laws that boosted minimum wages for delivery workers and capped how much the companies could charge restaurants for delivering meals. The settlement filed on Wednesday i...

Posted: Jun 09, 2025

Fire Damages 40 Buses at Philadelphia Transit Lot

A fast-moving fire erupted early Thursday at a transit bus lot in Philadelphia and burned dozens of decommissioned vehicles, sending a thick plume of black smoke into the sky but causing no injuries. The fire did not impact the morning …

Posted: Jun 09, 2025

South African Insurers to Face Climate Stress Test, SARB Says

South Africa’s central bank plans to expand its examination of climate risk to the insurance industry, as it seeks to anticipate threats that can do far-reaching economic harm. “This year we put out our first climate-risk scenario, common...

Posted: Jun 09, 2025

Extreme Weather Is Stress-Testing India’s Infrastructure Drive

Indian monsoons this year — the earliest onset since 2009 — damaged new public infrastructure across the country, putting pressure on Prime Minister Narendra Modi’s push for an infrastructure upgrade in the world’s fifth-largest economy....

Posted: Jun 09, 2025

Chinese Hackers, User Lapses Turn Smartphones Into a ‘Mobile Security Crisis’

Cybersecurity investigators noticed a highly unusual software crash — it was affecting a small number of smartphones belonging to people who worked in government, politics, tech and journalism. The crashes, which began late last year and carried into...

Posted: Jun 09, 2025

UK’s Visa Crackdown Leaves City of London Immigrants in Limbo

One banker in the City of London is faced with paying an extra £40,000 a year in university fees for his children. Nursing homes are worried about finding enough caretakers for residents. The insurance industry says overseas relocations have now &#82...

Posted: Jun 09, 2025

US DOT Declares Fuel Economy Rules Exceeded Legal Authority

The Transportation Department paved the way for looser U.S fuel economy standards on Friday by declaring that former President Joe Biden’s administration exceeded its authority by assuming high uptake of electric vehicles in calculating rules....

Posted: Jun 09, 2025

A Deep Dive: Recommendations on Georgia’s Rising Premiums, Loss Ratios

Homeowners’ insurance premium in Georgia costs less than in other states. Neither affordability nor availability have been major concerns in a state with hundreds of licensed insurers. But things changed in 2023-2024 when Hurricanes Idalia, Hel...

Posted: Jun 09, 2025

Companies Delay Impact Reports With DEI, ESG Under Attack

It was just over a year ago when Nike Inc.’s then-CEO, John Donahoe, trumpeted a flashy 90-second video, hyping a report about the company’s efforts to improve diversity and equality. The report, he said in a LinkedIn post, is “a &#...

Posted: Jun 09, 2025

Jury Awards California Prosecutor $3M After She Says She Was Forced From Position

A jury in California awarded more than $3 million in damages to a former Orange County prosecutor who alleged the county’s district attorney targeted her and forced her out of her position after she tried to protect women in the …

Posted: Jun 09, 2025

Hub International Acquires Wycoff Insurance Agency in Washington

Hub International Ltd. acquired the assets of Wycoff Insurance Agency Inc. in Mount Vernon, Washington. Wycoff Insurance will be referred to as Wycoff Insurance Agency, a Hub International company. Chris Eisses, president, Donnie Keltz, vice presiden...

Posted: Jun 06, 2025

Homeowners Suing AAA Insurers and USAA over LA Wildfires

A group of homeowners who lost their homes in the Los Angeles wildfires filed lawsuits against three large insurers over claims payouts they say didn’t cover their losses. The lawsuits were filed in Los Angeles County Superior Court this week....

Posted: Jun 06, 2025

Homeowners Suing USAA and AAA Insurers Over LA Wildfires

Some homeowners who lost their homes in the Los Angeles wildfires have filed lawsuits against three large insurers over claims payouts they say didn’t cover their losses. The lawsuits were filed in Los Angeles County Superior Court this week. T...

Posted: Jun 06, 2025

Texas Lawmakers Reined in Recreational THC for More Medical Marijuana

Texas lawmakers this year heavily focused their drug policy agenda on banning tetrahydrocannabinol, or THC, products in the state. Senate Bill 3, which prohibits the possession of consumable hemp products that contain any synthetic cannabinoid, often...

Posted: Jun 06, 2025