Insurance Journal
In response to the catastrophic flooding impacting portions of Texas, Virginia Governor Glenn Youngkin announced the deployment on Monday of two Virginia swift water rescue Teams to assist in the ongoing recovery efforts. The deployment is at the req...
Posted: Jul 08, 2025
Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer,...
Posted: Jul 08, 2025
India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an...
Posted: Jul 08, 2025
Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver a...
Posted: Jul 08, 2025
Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “...
Posted: Jul 08, 2025
Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European ...
Posted: Jul 08, 2025
US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20...
Posted: Jul 08, 2025
A second vessel was attacked by five rocket-propelled grenades in the Red Sea near Yemen, just a few hours after Houthis claimed responsibility for an earlier attack on a ship sailing in the same area, making voyages through the key …
Posted: Jul 08, 2025
Yemen’s Houthi militants continued to pound a commercial ship in the Red Sea — hours after beginning an assault on the vessel that left crew missing — the latest sign that the Tehran-backed group is once again escalating its threat …
Posted: Jul 08, 2025
Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …
Posted: Jul 08, 2025
Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance co...
Posted: Jul 08, 2025
Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report seen as a precursor to a broader intervention to help keep coal-fired power plants from …
Posted: Jul 08, 2025
The Venetian Resort on the Las Vegas Strip must pay $850,000 and implement policy changes to settle a religious discrimination and retaliation lawsuit. The suit, filed by the U.S. Equal Employment Opportunity Commission, names the Venetian Las Vegas...
Posted: Jul 08, 2025
State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agent...
Posted: Jul 08, 2025
State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agent...
Posted: Jul 08, 2025
In 2023, the Canada wildfires that incinerated more than 17 million hectares (42 million acres) of boreal forest were so hot they melted the paint on approaching fire trucks and smoldered underground all winter. That heat created vast columns of R...
Posted: Jul 08, 2025
Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is no evidence that any sensitive personal information, financial records or legally protected da...
Posted: Jul 07, 2025
Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records...
Posted: Jul 07, 2025
The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service …
Posted: Jul 07, 2025
In the aftermath of devastating floods in Texas, social media users have spread misinformation that cloud seeding is to blame. Meteorologists have been quick to debunk the claim, but the rumors underline how weather can be a magnet for conspiracy ...
Posted: Jul 07, 2025
Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed 1.1% to HK$38.40 on...
Posted: Jul 07, 2025
North Dakota Insurance Commissioner Jon Godfread announced last week that the state’s Insurance and Securities are unifying into following the passage of Senate Bill 2214 during the 2025 legislative session. The new law allows the insurance com...
Posted: Jul 07, 2025
CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital...
Posted: Jul 07, 2025
Sarah Gladki announced as Executive Director of IICF’s 2nd International Division Toronto, Ontario, July 7, 2025 –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enrichin...
Posted: Jul 07, 2025
When Trump’s huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax earnings by litigation funders. Critics had...
Posted: Jul 07, 2025