Insurance Journal

NYC Commutes Resume After Midtown Bus Terminal Crash Chaos

Bus service into New York City from New Jersey has resumed after commuters faced delays and diversions on Wednesday morning due to a multi-bus accident at the Port Authority terminal in midtown, according to transit authorities. The express bus lane...

Posted: Jul 02, 2025

Explosion at California Fireworks Warehouse Sets Off Fires, Forces Evacuations

An explosion at a fireworks warehouse in northern California caused several fires, sending black smoke into the air and forcing evacuations, authorities said. There were no immediate reports of injuries. People were urged to avoid the area of Esparto...

Posted: Jul 02, 2025

Philadelphia Insurance Is Back Up and Running After Network Outage

Philadelphia Insurance reports its operations have been restored following a network outage. “We have resumed regular operations, though we continue to address minor technical issues as they arise,” the company stated in an update on its...

Posted: Jul 02, 2025

Once Known as ‘Dirty Myrtle,’ Myrtle Beach Now Fastest-Growing Metro for Seniors

A South Carolina beach town once nicknamed “Dirty Myrtle” because of its rowdy nightclubs and strip joints has become a magnet for retirees in a nation that continues to age. The number of residents age 65 years and older in …

Posted: Jul 02, 2025

Google Owes $314 Million for Misusing Android Cell Phone Data

Google was told by a California jury to pay $314 million over claims that it illegally used Android users’ cellular data to collect information without their knowledge. A state court jury in San Jose issued the verdict Tuesday following a &#823...

Posted: Jul 02, 2025

Nationwide Completes $1.25B Deal for Allstate’s Stop-Loss Segment

Insurer Nationwide said it has completed the purchase of Allstate’s Group Health business segment for $1.25 billion. The acquisition was announced in January. Nationwide said the purchase will strengthen and diversify Nationwide Financial&#8217...

Posted: Jul 02, 2025

Heat Waves May Cut GDP by 0.5 Percentage Point in Europe, Allianz Says

Recent heat waves across Europe could slow economic growth in Europe by half a percentage point in 2025, a report by Allianz Research showed, comparing a day with temperatures above 32 degrees Celsius to half a day of strikes. In …

Posted: Jul 02, 2025

Markets/Coverages: Hiscox Offers Digital Cover for Small Cargo, Stock Throughput Risks

Hiscox, the Bermuda-based global specialist insurer, has launched a new Cargo API (application programming interface)-based solution, available through broker partners for underwriting small cargo and stock throughput risks. Responding to demand for...

Posted: Jul 02, 2025

NYC Mayor Adams Signs Bill Lowering For-Hire Vehicles’ Insurance Mandate

New York City Mayor Eric Adams has signed into law legislation reducing the auto-insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or no-fault, insurance coverage that...

Posted: Jul 02, 2025

Business Moves: Howden Japan Acquires Holos; Ageas Buys Saga’s Underwriting Biz; BMS Purchases Austr...

Howden Japan Acquires Majority Stake in Retail Broker Holos Howden, the London-based insurance intermediary group, announced it has acquired a majority stake (68.3%) in Holos Holdings Co. Ltd., a leading retail insurance broker headquartered in Kyoto...

Posted: Jul 02, 2025

Highway Robberies Are Now Just Part of Doing Business in Mexico

Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew their &#82...

Posted: Jul 02, 2025

M&S Expects Cyberattack Impact to Be Over by August, CEO Says

Marks & Spencer Group Plc expects its online services to be fully restored in the next four weeks as it continues to recover from April’s cyberattack, Chief Executive Officer Stuart Machin said. “I’m really hoping by August the...

Posted: Jul 02, 2025

Australia’s Qantas Says 6 Million Customer Accounts Accessed in Cyber Hack

A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia’s biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis. The hacker targete...

Posted: Jul 02, 2025

Viewpoint: Broker’s Key Takeaways From kWh Analytics’ 2025 Solar Risk Report

The 2025 Solar Risk Assessment report, recently released by kWh Analytics, has sparked significant discussion among industry professionals about the evolving challenges facing renewable energy assets. To explore the report’s findings in depth,...

Posted: Jul 02, 2025

People Moves: Kaminski Returns to Zurich NA to Lead Direct Markets; Chubb Names Williams Private Equ...

Todd Kaminski, a 30-year veteran of Schaumburg, Illinois-based Zurich North America, returns as head of direct markets, effective July 7. Kaminski will report to Kristof Terryn, CEO of Zurich North America. He will be part of Zurich North America&#82...

Posted: Jul 02, 2025

General Mills Changing Nature Valley Labels After Lawsuit’s Herbicide Claim

General Mills Inc agreed to stop calling the oats in its Nature Valley granola bars 100 percent natural to settle a lawsuit by three consumer groups that said the bars contained small amounts of the herbicide commonly known as Roundup. …

Posted: Jul 02, 2025

Judge Mutes GEICO Call Center Workers’ Class-Action Demands Over Unpaid Time

A federal judge in Georgia has put a block on some GEICO call center employees’ efforts to create a class action against the insurer, which they claim failed to pay for time spent booting up computers and preparing for telemarketing. …

Posted: Jul 02, 2025

Hancock Claims Acquires Knight’s Solutions, Expanding Service in SE, Midwest

Hancock Claims Consultants, a 22-year-old claims adjusting firm with offices in Georgia and Kentucky, has acquired Knight’s Solutions, an inspection firm that works claims in the Midwest and Southeast. Neither company is a public adjuster firm...

Posted: Jul 02, 2025

Washington Insurance Commissioner Issued $838K in Fines

Washington Insurance Commissioner Patty Kuderer’s office issued more than $839,750 in fines for insurance law violations in the second half of May and the first half of June, including a $275,000 fine for an illegal healthcare sharing ministry,...

Posted: Jul 02, 2025

ResourcePro Acquires Tech Services Firm Propellint

Insurance operations specialist ReSource Pro has acquired Propellint, a Hartford, Connecticut-based tech services firm that specializes in implementing claims administration software. The deal expands New York-based ReSource Pro’s technology se...

Posted: Jul 02, 2025

Resource Pro Acquires Tech Services Firm Propellint

Insurance operations specialist ReSource Pro has acquired Propellint, a Hartford, Connecticut-based tech services firm that specializes in implementing claims administration software. The deal expands New York-based ReSource Pro’s technology se...

Posted: Jul 02, 2025

Maryland Woman Charged With Theft of Contractor and Insurance Funds

A Maryland woman has been indicted on two counts of felony theft for allegedly stealing funds from a general contractor and from the state’s backup auto insurer. Attorney General Anthony G. Brown said an Anne Arundel County grand jury charged &...

Posted: Jul 02, 2025

How Much Does a Heat Wave Cost? Insurers and CEOs Want to Know

When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripped off or charred homes line roads. Heat waves cause financial damage, too, but it’s more diffuse: Farm crops might wither, construction workers...

Posted: Jul 01, 2025

Newsom Signs Bill Overhauling California’s Landmark Environmental Law

Gov. Gavin Newsom on Monday signed into law a bill that will remake California’s landmark environmental protection rules, an overhaul that he says is essential to address the state’s housing shortage and resulting homelessness crisis. New...

Posted: Jul 01, 2025

Relation Insurance Acquires Oklahoma’s Advantage Insurance Group

Relation Insurance Services acquired the assets of Advantage Insurance Group. The transaction went into effect on May 31, 2025; terms of the transaction were not disclosed. Advantage Insurance Group, a family-owned business based in El Reno, Oklahoma...

Posted: Jul 01, 2025