Insurance Journal

People Moves: Resilience Hires Riviezzo to Expand Broker Network; NFP Adds Nordeen to Lead C&I Busin...

Resilience, headquartered in New York City, named James C. Riviezzo as head of North American distribution and strategy. Riviezzo has over 25 years of industry experience, joining Resilience from At-Bay where he served as head of national broker rela...

Posted: Aug 06, 2025

Owners of Ship That Crashed Into Baltimore Bridge Sue Vessel’s Builder Hyundai

The owners of the cargo ship that crashed into the Francis Scott Key Bridge are suing the company that built the vessel, alleging negligence in the design of a critical switchboard on the ship. Grace Ocean Private and Synergy Marine …

Posted: Aug 06, 2025

Arrowhead’s Mile High Markets celebrates 40 years serving the rental vehicle industry

GREENWOOD VILLAGE, Colo., Aug. 6, 2025 — Mile High Markets, a specialty commercial auto program administered by Arrowhead General Insurance Agency, Inc. and supported by Arrowhead Programs, is marking 40 years of continuous service in the rental vehi...

Posted: Aug 06, 2025

Reliable Transportation Association Launches Lloyd’s Backed Physical Damage Program for Commercial A...

New Physical Damage coverage now available in Pennsylvania, Ohio, New Jersey, Illinois, California, and Texas; Georgia, Florida, and additional states to follow. Warminster, PA., August 5, 2025 — Reliable Transportation Association (RTA) is a p...

Posted: Aug 06, 2025

Howden Re Granted License to Operate From Dubai International Financial Centre

Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has secured a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial...

Posted: Aug 06, 2025

A Major Infrastructure Upgrade for Antarctica — Backed by Surety

This post is part of a series sponsored by Old Republic Surety. Antarctica is one of the most remote and isolated places on Earth. As the coldest and windiest continent on the planet according to the United States Antarctic Program, …

Posted: Aug 06, 2025

Arthur J. Gallagher & Co. Acquires Australian Broker MACK Insurance Services

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a...

Posted: Aug 06, 2025

UK Firms Hire Contractors Instead of Employees to Cut Tax Bills

UK businesses are turning to the self-employed in an effort to rein in costs as they try to navigate Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.5 billion) payroll tax hike. Advertised contract jobs have risen 22% since April, &...

Posted: Aug 06, 2025

Does Care by Advanced Practitioners Result in Different Workers Comp Outcomes?

A newly released decade-long study by the Workers’ Compensation Research Institute (WCRI) indicates that claims initiated by nurse practitioners and physician assistants didn’t lead to negative outcomes and suggested some benefits when co...

Posted: Aug 06, 2025

US to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet

President Donald Trump’s administration proposed a rule to allow more commercial drones to fly beyond an operator’s visual line of sight, a potential boon for companies such as Alphabet Inc.’s Wing unit and Walmart Inc. pushing to d...

Posted: Aug 06, 2025

Delay in Upping Its Claims Offer Could Cost AIG, Federal Appeals Court Says

AIG could pay dearly for refusing to budge on a claim settlement offer of $2.65 million for nearly a year after receiving estimates that a jury would likely award the claimant $7.5 million for her injuries. A jury did eventually …

Posted: Aug 06, 2025

California Workers’ Comp Rating Bureau Says Recent Rate Declines Flattened

Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …

Posted: Aug 05, 2025

Third Point UK Investors Should Reject Reinsurance Deal, ISS Says

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …

Posted: Aug 05, 2025

Tesla, Musk Sued by Shareholders Over Robotaxi Claims

Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Mond...

Posted: Aug 05, 2025

Michigan Financial Advisor Charged With Insurance Fraud

A Michigan financial advisor was charged with four counts of insurance fraud, each a four-year felony, Attorney General Dana Nessel announced last week. Todd Bernstein, 67, of Birmingham, was arraigned on July 30 before Magistrate Julie Nelson-Klein...

Posted: Aug 05, 2025

Companies Spending Record Amounts to Protect Executives as Threats Rise

U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months. Corporations have doubled the...

Posted: Aug 05, 2025

Mayo Clinic Sued for Allegedly Forcing Security Guard to Get Vaccination

The Mayo Clinic violated federal law when it refused to grant a security guard’s request for a reasonable religious accommodation to its mandatory COVID-19 vaccination policy, and instead threatened to fire the employee, effectively forcing him...

Posted: Aug 05, 2025

Ladner Named Recipient of ICT’s Raymond Mauk Leadership Award

The Insurance Council of Texas (ICT) has named Gerald F. Ladner as the 2025 recipient of the Raymond Mauk Leadership Award. The award will be presented Sept. 17 during the ICT Property & Casualty Insurance Symposium in Austin. Established in &#82...

Posted: Aug 05, 2025

Hacked Columbia University Data Includes Banking Numbers, GPAs

The financial information and academic performance of Columbia University students and alumni were stolen in a recent breach, according to a Bloomberg News review of some of the pilfered data. The data includes bank account and routing numbers, stude...

Posted: Aug 05, 2025

Food Relief, THC Regulation in Limbo After House Democrats Flee Texas

After dozens of Democratic Texas House members fled the state on Sunday to deny Republicans the quorum they need to pass new congressional maps aimed at securing more GOP seats, many other bills are now at risk of dying. State …

Posted: Aug 05, 2025

Flood Relief, THC Regulation in Limbo After House Democrats Leave Texas

After dozens of Democratic Texas House members fled the state on Sunday to deny Republicans the quorum they need to pass new congressional maps aimed at securing more GOP seats, many other bills are now at risk of dying. State …

Posted: Aug 05, 2025

Forceful Arrest of Student Shows Benefits of Recording Police Actions

A video that captured the brutal arrest of a Black college student pulled from his car and beaten by officers in Florida has led to an investigation and calls for motorists to consider protecting themselves by placing a camera inside …

Posted: Aug 05, 2025

Third Child Dies a Week After Barge-Sailboat Crash in Miami

MIAMI (AP) — The U.S. Coast Guard says a third child has died nearly a week after a barge struck and sank a boat during a sailing camp near Miami. All six people on the sailboat were pulled from the …

Posted: Aug 05, 2025

Florida Judge Blocks State Agency for Citizens Claims Disputes, But Insurer Appeals

A Florida judge temporarily halted Florida’s Citizens Property Insurance Corp. from sending claims disputes to a state arbitration agency, but a notice of appeal by Citizens automatically suspended the judge’s order. Hillsborough County C...

Posted: Aug 05, 2025

Lemonade Posts Another Quarterly Loss but Car Growth Continues

Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …

Posted: Aug 05, 2025