Insurance Journal

Colorado Dance Hall Operator to Pay $100K in Sexual Harassment and Retaliation Suit

A Colorado dance hall operator must pay $100,000 to former employees to settle a sexual harassment and retaliation lawsuit ‘Murica LLC, operator of the Western-themed Starlite Station bar and dance hall in Greeley, Colorado, and its owners were...

Posted: Jun 25, 2025

MJ Companies Expands Nashville Ops, Names Reavis VP for Development

Indianapolis-based MJ Companies, an insurance agency and financial consulting firm, named Craig Reavis vice president for business and community development. The company also signed a lease for new office space at the upscale Nashville Yards mixed-us...

Posted: Jun 24, 2025

Coalition Re’s New Helios Platform Allows Cedants to Gain Real-Time Cyber Insights

Coalition today introduced Coalition Re’s Helios platform, a new tool that allows cedants to view real-time cyber risk exposures in their portfolios and manage them more effectively. With the Helios platform, information previously provided to...

Posted: Jun 24, 2025

AI-Focused COVU Acquires Maine’s 100-Year Old Ford Agency

San Francisco-based COVU, Inc. announced it has acquired Ford Insurance Agency, a 100+ year-old, family-owned business based in Eliot, Maine. Operated by the Lonsinger family, Ford Insurance Agency provides commercial and personal lines coverage. Thi...

Posted: Jun 24, 2025

What to Watch: The Trends for P/C Insurance in 2025 So Far

As we reach the midpoint of 2025, now is a perfect time to reflect on some of the key trends that have defined the first half of the year while also looking ahead at what to expect in the back …

Posted: Jun 24, 2025

EV-Carrying Ship Sinks in Pacific Ocean After Catching Fire

A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the middle of the pacific — about 360 miles from land — after a blaze. It was carrying about 3,000 vehicles …

Posted: Jun 24, 2025

Last Body Found After Boat Capsizes on Lake Tahoe in Sudden Storm Brings Death Toll to 8

The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …

Posted: Jun 24, 2025

Body Found After Boat Capsize on Lake Tahoe Brings Death Toll to 8

The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …

Posted: Jun 24, 2025

Chicago Allows Summer Curfews for Minors as Mayor Vows Veto

Chicago’s city council voted to give its police chief the green light to enforce temporary curfews for minors in a bid to curb violence that has typically ramped up during the summer months, prompting Mayor Brandon Johnson to vow to …

Posted: Jun 24, 2025

Texas Lt. Gov. Patrick Clashes With Gov. Abbott Over Veto of THC Ban

Lt. Gov. Dan Patrick, the powerful head of the Texas Senate, sharply rebuked Gov. Greg Abbott on Monday for vetoing his top legislative priority — a ban on all THC products — and dug in his heels against the governor’s …

Posted: Jun 24, 2025

People Moves: Acrisure Re Names Souza Leader of New West Coast Office

Acrisure Re named Danny Souza, senior vice president, as leader of Acrisure Re’s new West Coast office in San Francisco, California. He will continue to report to Marc Piccione, partner and managing director of the New York office. Souza joined...

Posted: Jun 24, 2025

World Acquires Five Louisiana Agencies

World Insurance Associates announced that it acquired the business of five entities with locations across Louisiana on March 1, 2025. The agencies are Insurance Unlimited of Louisiana, LLC (“IU”), Erwin Insurance Agency, Inc. (“Erwi...

Posted: Jun 24, 2025

Weeks Later, Erie and Philadelphia Insurance Still Working to Restore Networks

Erie Insurance reports it has made progress in reconnecting several business systems and applications as it continues to recover from a network outage that is now 17 days old. The insurer said the network and system outage it initiated on …

Posted: Jun 24, 2025

Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses

Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The flagship product from Adaptive, which says it is building an...

Posted: Jun 24, 2025

Cyclists Blocking Traffic Do Not Always Have to Pull Off Road: Pennsylvania Supreme Court

While cyclists on Pennsylvania road must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they let faster traffic pass by always and immediately pulling off the read, the Pennsylvania Supreme Cour...

Posted: Jun 24, 2025

Cyclists Blocking Traffic Do Not Always Have to Pull Off Road: Pennsylvania High Court

While cyclists on Pennsylvania roads must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they always and immediately pull off the road to let faster traffic pass, the Pennsylvania Supreme Court...

Posted: Jun 24, 2025

Insurers Have New Opportunity in Secondary Perils, Swiss Re Says

Being able to predict the environmental risks that follow a major natural disaster represents an untapped business opportunity for the insurance sector, according to the head of reinsurance firm Swiss Re AG’s China unit. Risks associated with c...

Posted: Jun 24, 2025

People Moves: Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors; AEGIS Lond...

This edition of International People Moves details appointments at Everest Group and AEGIS London. A summary of these new hires follows here. Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors Everest Group Ltd., the Ber...

Posted: Jun 24, 2025

Markets/Coverages: Miller Launches Property Smart-Follow Facility

Miller, the London-based specialist re/insurance broker, has unveiled MillerBoost, a new property smart-follow facility designed to help brokers and their clients move faster and with more conviction in a rapidly evolving market. Powered by InsurX&#8...

Posted: Jun 24, 2025

Firefighters Battle Major Wildfire on Greek Island of Chios, With Evacuations Ordered

Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. Th...

Posted: Jun 24, 2025

Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding

In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …

Posted: Jun 24, 2025

Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs: Sources

U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …

Posted: Jun 24, 2025

Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in US

Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countr...

Posted: Jun 24, 2025

Travelers Subsidiary Ordered to Pay $44M in Missouri Wrongful Conviction Case

A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this...

Posted: Jun 24, 2025

Ford Recalls Nearly 200,000 Mustang Mach Es Due to Faulty Door Latches

Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 1...

Posted: Jun 24, 2025