Insurance Journal

Michigan Nursing Homes to Pay $4.5M Settlement Over Substandard Care Allegations

Michigan Attorney General Dana Nessel announced a $4.5 million settlement with six Detroit-area nursing homes and their ownership companies, Villa Financial Services LLC and Villa Olympia Investment LLC, over allegations that they accepted taxpayer f...

Posted: Jul 10, 2025

People Moves: McLarens Appoints Miller as Chief Global Strategy Officer

Global claims services provider McLarens has appointed Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). This strategic addition to the leadership team reflects McLarens&#...

Posted: Jul 10, 2025

What Flood Insurance Does and Does Not Cover

Though natural disasters cycle across seasons and regions in the U.S., it’s often a shocking discovery for property owners how expansive and expensive flood and water damage can be when a major storm devastates their homes, businesses and commu...

Posted: Jul 10, 2025

Honduran Woman Sentenced for Defrauding NorGUARD of Comp Premiums

A Honduras woman this week was sentenced to less than two years in federal prison for her role in paying Florida construction workers off the books and avoiding $1.2 million in workers’ compensation premiums and almost $2 million in federal &#8...

Posted: Jul 10, 2025

US Sanctions Target North Korean Fake-Tech-Worker Scheme

The US slapped sanctions on individuals and companies linked to a scheme that involves recruiting North Koreans to pose as American tech workers and help fund Kim Jong Un’s regime. The Treasury Department’s Office of Foreign Assets Contro...

Posted: Jul 10, 2025

US Chamber Report Examines Copyright Value and Piracy Harms

Copyright protections don’t just help individuals, they hold up a good part of the U.S. economy, according to a report from the U.S. Chamber of Commerce. The U.S. Chamber of Commerce’s 2023 report highlights industries like architecture,...

Posted: Jul 10, 2025

6 Firefighters Injured Battling Fire in 3-Story Building in New Jersey

Six firefighters suffered minor injuries in a blaze Thursday that partially collapsed a three-story building in a New Jersey neighborhood, authorities said. The fire in Jersey City, which started at about 1:30 a.m., also spread to nearby buildings, d...

Posted: Jul 10, 2025

Three Insurers Join Ward’s Annual Top 50 P/C Ranking for 2025

Property/casualty insurers have started to broadcast the fact that they have earned spots on Ward’s list of 50 top-performing insurance companies for 2025, but only one was named for 35 straight years—RLI Corp. In addition, there were three new...

Posted: Jul 10, 2025

Workers Reach Safety After Collapse Inside LA Industrial Tunnel

All 31 construction workers who were far inside a huge industrial tunnel in Los Angeles made it to safety after a portion of it collapsed Wednesday evening, an outcome officials called a blessing after they initially feared much worse. The …

Posted: Jul 10, 2025

Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk

Descartes Insurance, the Paris-based risk-carrying subsidiary of parametric-insurer Descartes, has expanded its offering to corporate clients and public institutions to include credit and political risk insurance (CPRI). To support its expansion into...

Posted: Jul 10, 2025

Husband and Wife Sentenced for $20 Million Insurance Fraud Scheme

A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for …

Posted: Jul 10, 2025

People Moves: QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring; Li...

This edition of International People Moves details appointments at QBE Re and Liberty Global Transaction Solutions. A summary of these new hires follows here. QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring QBE Re h...

Posted: Jul 10, 2025

AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market

Augmented UW Ltd., the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was form...

Posted: Jul 10, 2025

Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find

Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday. …

Posted: Jul 10, 2025

Northeast Cities Ranked Riskiest in National Allstate Driving Report

The five U.S. cities with the riskiest drivers are all located in the Northeast, according to Allstate’s 2025 America’s Best Drivers Report. The insurer listed Boston as the city where drivers were most likely to experience a collision, f...

Posted: Jul 10, 2025

Texas Agencies Missed Opportunities to Fund Flood Warning System

Over the last decade, an array of Texas state and local agencies missed opportunities to fund a flood warning system intended to avert a disaster like the one that killed dozens of young campers and scores of others in Kerr …

Posted: Jul 10, 2025

Low Water Still Hindering Rhine River Shipping in Germany After Rainfall

Low water levels following a drought and heatwave in western Europe continue to hinder shipping through the Rhine river in Germany, commodity traders said on Wednesday, with rain in past days generating only a moderate rise in water levels. Low &#823...

Posted: Jul 10, 2025

M&S Says April Cyberattack Caused by Third-Party Impersonation

The cyberattack that derailed Marks & Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers...

Posted: Jul 10, 2025

Qantas Says Passenger Addresses, Meal Choices Among Stolen Data

Qantas Airways Ltd. said personal information belonging to 5.7 million customers, ranging from names and addresses to phone numbers and meal preferences, were stolen in last week’s cyberattack, as the fallout from the latest airline security br...

Posted: Jul 10, 2025

Corps Revises Pearl River Flood Study in Mississippi, Sets New Comment Period

The U.S. Army Corps of Engineers has released a revised study on potential flood controls for the part of the Pearl River that runs along Jackson, narrowing its focus to two proposals, and only one of them would resemble the …

Posted: Jul 10, 2025

People Moves: Tennessee Names New Insurance Examinations Director

The Tennessee Department of Commerce and Insurance announced promotions to key insurance regulatory, emergency services and management roles. Bryant Cummings, with 23 years at the department, was named director of insurance examinations, TDCI said in...

Posted: Jul 10, 2025

When a Disabled Employee Who Undermines Process of Accommodation Is Fired

A hospital lab employee who was fired for refusing to be vaccinated against COVID-19 has lost her claim that she suffered discrimination because her employer failed to accommodate her disability under the Americans with Disabilities Act (ADA). The Fo...

Posted: Jul 10, 2025

Former California Insurance Agent Sentenced for $3.7M Fine Art Policy Scam

A former California insurance agent was sentenced to 50 months in federal prison for defrauding a lender out of $3.7 million with bogus applications for fine art insurance policies. Tonja Van Roy, 59, of Las Vegas, but who formerly operated …

Posted: Jul 10, 2025

People Moves: Lawley Names 4 Professionals to Northeast Offices

Insurance agency Lawley, headquartered in Buffalo, New York, named several new professionals across the agency. Anto Almasian is a new surety executive in the Buffalo office. He has expertise in managing a diverse portfolio of clients and an understa...

Posted: Jul 10, 2025

Washington Insurance Commissioner’s Office Recovered $100M for Consumers Over Two Years

The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period. The Office of the Insurance Commissioner’s Consumer Advocacy Program closed out the biennium from 2023 to 2...

Posted: Jul 10, 2025