Insurance Journal
Are you a trucking company? If so, you may be exposed to class action lawsuits for minimum wage, break time, and overtime violations. Trucking companies are essential to our national economy and security. However, trucking companies often risk violat...
Posted: Jul 30, 2025
Recent actions by the U.S. Consumer Financial Protection Bureau have reversed or jeopardized more than $360 million in compensation paid to consumers allegedly harmed by financial companies, an analysis by consumer groups said on Tuesday. The compens...
Posted: Jul 30, 2025
The phone rings. It’s the secretary of state calling. Or is it? For Washington insiders, seeing and hearing is no longer believing, thanks to a spate of recent incidents involving deepfakes impersonating top officials in President Donald Trump&...
Posted: Jul 30, 2025
Reactions to a recent Wall Street Journal article, which faulted the Demotech rating agency for giving top marks to a number of insurance carriers before the insurers went insolvent in recent years, has been mixed and muted. After outrage from …...
Posted: Jul 30, 2025
Cover Whale Insurance Solutions, Inc., a managing general agency (MGA) focused on commercial auto isurance, announced $40 million in new equity financing from Morgan Stanley Expansion Capital. Founded in 2020, Cover Whale’s proprietary driver s...
Posted: Jul 30, 2025
A Connecticut firefighter was killed after a piece of a fire truck broke free and struck him, state police said. Raymond Moreau, 60, a 35-year veteran of the Plainville Fire Department, suffered severe leg injuries on Sunday while at the …
Posted: Jul 30, 2025
A deadly shooting at a New York City office tower on Monday exposed the vulnerability of corporate executives and employees even inside the commercial core of America’s financial capital, prompting reviews of security procedures at buildings ac...
Posted: Jul 30, 2025
Sedan and subcompact crossover models are listed among the year’s most affordable vehicles to insure, including two from Hyundai Motor Group and two Nissans, according to a list out on Tuesday from Mercury Insurance. The California-based carrie...
Posted: Jul 30, 2025
In the fourth set of criminal charges filed against him since last September, a former Baltimore County insurance agent and financial advisor has been charged with obstruction of justice and fabricating physical evidence, Maryland Attorney General An...
Posted: Jul 30, 2025
Inszone Insurance Services acquired Beasy Insurance Services in California. Founded by Wendy Beasy in 2002, Beasy Insurance Services specializes in personal lines coverage placement throughout California and the Southwest. Sacramento, California-base...
Posted: Jul 30, 2025
The University of California at Los Angeles agreed to pay more than $6 million to settle discrimination complaints brought by Jewish students and faculty members who assailed the school for allowing a “Jew Exclusion Zone” on campus during...
Posted: Jul 29, 2025
The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and protect state regulation of the insurance industry. Re...
Posted: Jul 29, 2025
The National Association of Mutual Insurance Companies (NAMIC) is supporting a bill first introduced more than 18 months ago to limit the authority of the Consumer Financial Protection Bureau and protect state regulation of the insurance industry. Re...
Posted: Jul 29, 2025
East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, violated federal law when it subjected female production employees to sexual harassment before taking untimely remedial action, the U.S. Equal Employment Opportunity Comm...
Posted: Jul 29, 2025
AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of New Horizon Insurance Company based in Houston, Texas. The o...
Posted: Jul 29, 2025
Marsh Japan has agreed to purchase Mitsubishi Electric Corp.’s in-house insurance agency, Mitsubishi Electric Insurance Service Co. Ltd., in a share transfer agreement that will be completed on Nov. 4. Financial details of the transaction were...
Posted: Jul 29, 2025
World Insurance Associates LLC announced that it acquired the business of Lighthouse Insurance Agency of Madisonville, Louisiana on March 1, 2025. Terms of the transaction were not disclosed. Lighthouse Insurance Agency specializes in writing persona...
Posted: Jul 29, 2025
This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Carpenter Taps RenRe’s Flynn as Head...
Posted: Jul 29, 2025
DOXA, headquartered in Fort Wayne, Indiana, hired Sean Curry as executive vice president of its brokerage vertical. Curry guides DOXA’s expansion of its product expertise and rapid responsiveness in new markets with hard-to-place risks. Curry h...
Posted: Jul 29, 2025
The number of people killed in U.S road crashes was down 6.3% in the first three months of 2025, according to newly released data by the National Highway Traffic Safety Administration. Traffic fatalities totaled 8,055, the lowest quarterly rate in &#...
Posted: Jul 29, 2025
Florida may have had some of the highest property and auto insurance rates in the country in recent years, but so far this year, the largest auto insurers have filed for rate decreases averaging about 6%, regulators said. “We are …
Posted: Jul 29, 2025
Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include i...
Posted: Jul 29, 2025
Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting. The MGA, while firmly rooted in proven, traditional insurance fundamentals, will inco...
Posted: Jul 29, 2025
Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …
Posted: Jul 29, 2025
All three people aboard a small twin-engine plane that crashed into the Pacific Ocean off California’s central coast perished, law enforcement officials said. The Monterey County Sheriff’s Office confirmed late Sunday that the three occup...
Posted: Jul 29, 2025