Insurance Journal

Historic Hudson River Lighthouse Vandalized and Set on Fire

A group of four men broke into a historic New York lighthouse along the Hudson River, set a fire and vandalized the interior, destroying valuable antiques, furniture and other items. The Tarrytown Lighthouse in Sleepy Hollow, built in 1883 and &#8230...

Posted: Jun 06, 2025

Viewpoint: Understanding the Future of Insurance by Studying the Past

One of the things I love about the insurance business is that anyone—regardless of where they start—can build a meaningful, lifelong career. I am proof of that. In our industry, your ability to reach your potential is a function of …

Posted: Jun 06, 2025

Trump Administration Targets Connecticut Town Over Transgender Athlete Policies

A school system in Connecticut that’s at the center of an ongoing legal fight over allowing transgender student athletes to participate in competitive girls’ sports is being investigated by the Trump administration, the U.S. Department of...

Posted: Jun 06, 2025

Inside the $455M Cargo Theft Surge – 4 Ways to Protect Your Fleet

This post is part of a series sponsored by IAT Insurance Group. Cargo theft reached an all-time high in 2024 – up 26% from 2023, with total reported losses of $455 million. The average estimated value per theft rose 7.7% …

Posted: Jun 05, 2025

Monarch E&S Acquires Market Finders in New Mexico

Monarch E&S Insurance Services acquired Market Finders Inc. in Albuquerque, New Mexico. MFI is a managing general agent and wholesale broker founded in 1971. MFI specializes in both personal and commercial lines, including transportation risks. T...

Posted: Jun 05, 2025

Minnesota’s The Builders Group Goes Live on Insurity’s Workers Comp Suite

Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the...

Posted: Jun 05, 2025

People Moves: RT Specialty Tabs David Derigiotis to Lead New Detroit Office

RT Specialty, a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, announced that it has opened an office in Detroit and hired David Derigiotis as EVP and office president. Derigi...

Posted: Jun 05, 2025

Deadly Flash Flooding Claims Life in Dallas As Severe Weather Hits Central U.S.

One person has died after severe weather tore through parts of the central U.S., including heavy rain in Dallas, a tornado that touched down in the Kansas City area and flash flooding in Kansas that forced firefighters to rescue dozens …

Posted: Jun 05, 2025

BlackRock Escapes Texas Oil-Boycott List After ESG Retreat

BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run i...

Posted: Jun 05, 2025

AI’s Need for Power Spurs Return of Dirty Gas Turbines

If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch...

Posted: Jun 05, 2025

Chinese Hacked US Telecom a Year Before Known Wireless Breaches

Corporate investigators found evidence that Chinese hackers broke into an American telecommunications company in the summer of 2023, indicating the country’s attackers penetrated the US communications system earlier than publicly known. Investi...

Posted: Jun 05, 2025

Patriot Growth Expands With Brennan & Co. Insurance Agency in Georgia

Brennan & Co. insurance agency, based in Savannah, Georgia, is now part of Patriot Growth Services, a brokerage and insurance services firm that has grown rapidly since its founding in 2019. Brennan began business in 2005, specializing in commerc...

Posted: Jun 05, 2025

SC Party Boat Shooting Victim Lawyer Says No One Checked IDs or For Weapons

No one was checking IDs or for weapons before a party boat cruise that ended with a shooting that hurt 11 people in South Carolina over Memorial Day weekend, a lawyer for one of the victims said. Police have announced …

Posted: Jun 05, 2025

Longtime Alabama Insurance Agent Announces Run for Governor

Longtime Alabama insurance agent and former congressional candidate Ken McFeeters announced he is running for governor of Alabama next year, casting himself as a political outsider and accusing his opponent U.S. Sen. Tommy Tuberville of being a &#822...

Posted: Jun 05, 2025

OpenAI Finds More Chinese Groups Using ChatGPT for Malicious Purposes

OpenAI is seeing an increasing number of Chinese groups using its artificial intelligence technology for covert operations, which the ChatGPT maker described in a report released Thursday. While the scope and tactics employed by these groups have exp...

Posted: Jun 05, 2025

Trump Administration May Rescind $4B for California High-Speed Rail Project

The Trump administration said Wednesday there is no viable path forward for California’s High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks. The U.S. Transportation Department released a 315-p...

Posted: Jun 05, 2025

UK Bankers Criticized for Lack of Risk Appetite in Green Finance

A senior executive at the UK’s National Wealth Fund has criticized the country’s banks and money managers for what he characterized as their failure to embrace the risk levels needed to drive the low-carbon transition. “What I&#8217...

Posted: Jun 05, 2025

Burning Ship Abandoned in Pacific Carried Several Chinese Car Brands

A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter. The Morning Midas was shipping around 3,000 cars from &#82...

Posted: Jun 05, 2025

Tax Bill’s Bid to Ban New AI Rules Faces Bipartisan Blowback

A Republican attempt to block states from enforcing new artificial intelligence rules over the next decade has drawn growing bipartisan objections, exposing tension in Washington over allowing for more unchecked AI development. The proposal, buried o...

Posted: Jun 05, 2025

China Considers Safety Rules for Driving Assistance Systems

China is considering imposing safety requirements for driving assistance systems, as more of the country’s automakers offer such features on cars to attract buyers. A post published by China’s national standards database on Wednesday show...

Posted: Jun 05, 2025

NOAA ‘Fully Staffed’ With Forecasters, Scientists, US Commerce Secretary Says

U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is “fully staffed” with weather forecasters and scientists after concerns were raised about some offices losing 2...

Posted: Jun 05, 2025

Bernie Madoff Customers to Recoup $498M, Payout Tops $15B

Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion. The Luxembourg Investment Fund and Lux...

Posted: Jun 05, 2025

Agents Must Take the Lead on Personal Cyber Coverage, Report Says

While major corporate cyber hacking makes the news nearly every day, what about hackers in homes? As personal lives and residences become more intertwined with the internet, consumers are at greater risk of personal cybercrime. As risk grows, so does...

Posted: Jun 05, 2025

Hackers Abuse Modified Salesforce App to Steal Data, Extort Companies, Google Says

Hackers are tricking employees at companies in Europe and the Americas into installing a modified version of a Salesforce-related app, allowing the hackers to steal reams of data, gain access to other corporate cloud services and extort those compani...

Posted: Jun 05, 2025

Former Students Sue Baltimore Schools Alleging Abuse by Teacher

Three women are suing Baltimore’s public school system, alleging they were sexually abused by a special education teacher decades ago while administrators failed to protect students from his predatory behavior. One of the plaintiffs was 14 when...

Posted: Jun 05, 2025