Insurance Journal

EPA Set to Unravel US Authority to Regulate Greenhouse Gases

The Trump administration is set to announce its plans to abolish the US government’s authority to regulate greenhouse gases, threatening to strike a deep blow at Washington’s ability to fight climate change. The Environmental Protection A...

Posted: Jul 29, 2025

Cincinnati Financial More Than Doubles Q2 Net Income

Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of our agent-centered strategy &...

Posted: Jul 29, 2025

Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines

Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the contribution from last …

Posted: Jul 29, 2025

Deadly Spree in Midtown Manhattan Spawns Evening of Fear in NYC

Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand. Within minutes, at least four people were dead, as …

Posted: Jul 29, 2025

5 Reasons to Centralize Your Compliance and Producer Management After an Acquisition

This post is part of a series sponsored by AgentSync. For high-growth insurance agencies and carriers, acquisitions are a core part of business expansion. Yet, if you don’t keep your acquisition strategy streamlined and efficient, you end up wi...

Posted: Jul 29, 2025

Hong Kong Shuts Down for Second Time in a Week Due to Heavy Rain

Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. &#82...

Posted: Jul 29, 2025

India Moves to Shield Power Grids From Solar Equipment Malware

India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into elect...

Posted: Jul 29, 2025

Musk’s Geopolitical Influence Raises Concerns Among Regulators and Lawmakers

During a pivotal push by Ukraine to retake territory from Russia in late September 2022, Elon Musk gave an order that disrupted the counteroffensive and dented Kyiv’s trust in Starlink, the satellite internet service the billionaire provided ea...

Posted: Jul 29, 2025

Lack of Proper Insurance Coverage for Data Centers Presents Pitfalls

As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying clo...

Posted: Jul 29, 2025

Volunteers Repair Appalachian Trail Damage Almost a Year After Hurricane Helene

UNICOI COUNTY, Tenn. (AP) — In a rugged patch of the Appalachian Trail in eastern Tennessee, volunteers size up a massive, gnarled tree lying on its side. Its tangled web of roots and dark brown soil, known as a root …

Posted: Jul 29, 2025

PG&E in California Reaches Accidental Release Rule Settlement

Pacific Gas and Electric Company has reached a settlement to resolve a violation of the Clean Air Act and the 2020 Accidental Release Reporting rule. The agreement with the U.S. Environmental Protection Agency and the U.S. Chemical Safety and Hazard...

Posted: Jul 29, 2025

Panel Passes Bill to Curb Vacation Rentals, Boost Housing Supply After Lahaina Wildfire

Lawmakers on Maui passed legislation aimed at eliminating a large percentage of the Hawaiian island’s vacation rentals to address a housing shortage exacerbated by the wildfire that destroyed most of Lahaina two years ago. It’s the latest...

Posted: Jul 29, 2025

City’s Insurer to Pay $550K for Police Twice Wrongfully Arresting, Jailing Man

A Rhode Island city’s insurer will pay $550,000 to settle the case of a resident who was twice wrongfully arrested and jailed for a crime he did not commit. The American Civil Liberties Union (ACLU) announced the city of Woonsocket …

Posted: Jul 29, 2025

UVA Business School Suspends DEI-Related Partnerships Amid Political Pressure

The University of Virginia’s Darden School of Business suspended its partnerships with several organizations dedicated to increasing opportunities for underrepresented groups in business schools amid persistent calls from the White House to dis...

Posted: Jul 29, 2025

Camper Explosion Takes Lives of Two Women in Maine

The Maine Fire Marshal reports it continues to investigate a fatal explosion over the weekend at the Powder Horn Campground in Old Orchard Beach. On July 26, 2025, a camper explosion was reported at the campground. Old Orchard Beach fire …

Posted: Jul 29, 2025

Gunman Kills Several People Including Police Officer at Blackstone’s NYC Tower

An armed shooter attacked 345 Park Ave. in Manhattan, the tower housing Blackstone Inc.’s global headquarters and the National Football League among others, killing at least five people, according to a city official. The suspected shooter is de...

Posted: Jul 28, 2025

The Hartford Net Income Up 35% on Premium Growth

Net income at The Hartford increased 35% to $990 million in the second quarter 2025 as personal lines returned to profitability compared to the same period a year ago. Q2 property/casualty written premiums increased 8% compared to Q2 2024. Premiums &...

Posted: Jul 28, 2025

Searing Heat Threatens Grids, Health Over Nearly Half the US

Nearly half the US will wilt under hot, sticky conditions through the bulk of the week as temperatures and humidity soar from Chicago to New York City and New Orleans, boosting power demand and raising health risks. Heat advisories and …

Posted: Jul 28, 2025

Volante Global Taps Smith From Guy Carpenter as Group CEO, Succeeding Reith

Volante Global, a multi-class, multi-territory international Lloyd’s syndicate and managing general agent (MGA) owned by leading global fintech Acrisure, announced the appointment of Demian Smith to the role of chief executive officer, Volante...

Posted: Jul 28, 2025

Polish Insurer PZU Eyes Seed Funding Role for Big Polish Projects

Polish insurer PZU SA envisages playing a key role in attracting financing for the country’s big-ticket energy and infrastructure projects after it completes a merger with Bank Pekao SA. Chief Executive Officer Andrzej Klesyk said he wants to c...

Posted: Jul 28, 2025

UK Hybrid Fronting Insurer Bridgehaven to Acquire Dublin Insurer SureStone

Bridgehaven Europe Holdings Ltd., the UK hybrid fronting insurer in commercial and specialty lines, has entered into an agreement to acquire the Dublin-based insurer, SureStone Insurance DAC. The deal, for an undisclosed fee, is subject to regulatory...

Posted: Jul 28, 2025

Michigan Mobile Parks Remain Behind on Safe Drinking Water

After the Flint water crisis, Michigan became a national leader on safe drinking water, requiring the removal of lead pipes and the reduction of harmful “forever chemicals” years before the federal government acted. But the state has a bl...

Posted: Jul 28, 2025

New York Court Blocks Suit Against Social Media Giants Over Buffalo Racial Massacre

Social media companies cannot be sued for their alleged roles in a racially-motivated mass shooting at a grocery store in Buffalo in 2022, according to a New York court that said to allow the lawsuit would “result in the end …

Posted: Jul 28, 2025

Ohio Company to Pay $326K for Allegedly Selling Unregistered Pesticides

The U.S. Environmental Protection Agency (EPA) announced last week a settlement with Tranzonic Cos., known as Hospeco Brands Group, in Cleveland, Ohio, for allegedly selling unregistered pesticide products and a product with incorrect pesticidal clai...

Posted: Jul 28, 2025

Arkansas to Receiving $1M in Funding for April Storm Cleanup and Recovery

The U.S. Department of Labor announced last week the award of $1 million in grant funding to Arkansas for cleanup and recovery activities after severe storms caused extensive damage and flooding in April. Between April 2-22, 2025, a strong weather &#...

Posted: Jul 28, 2025