Insurance Journal
Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a network outage that has affected operations since June 9. “Employees across the country are beginning to regain access to ke...
Posted: Jun 18, 2025
Homeland Security Secretary Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself and create a re-branded, radically smaller disaster response organization, according to a copy of the document reviewe...
Posted: Jun 17, 2025
War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday. The cost of a seven-day …
Posted: Jun 17, 2025
Markel Insurance, the insurance operations within Markel Group Inc., appointed new leadership within its U.S. wholesale and specialty division. The company is simplifying its structure from six U.S. wholesale and two U.S. retail regions to four integ...
Posted: Jun 17, 2025
Louisiana Governor Jeff Landry vetoed a bill last week that would have limited bad faith lawsuits against insurers, a move that raised criticism from the insurance industry. SB 111, sponsored by Sen. Alan Seabaugh, R-Many, intended to bring clarity t...
Posted: Jun 17, 2025
The US has spent nearly $1 trillion dollars on disaster recovery and other climate-related needs over the 12 months ending May 1, according to an analysis released Monday by Bloomberg Intelligence. That’s 3% of GDP that people likely would have...
Posted: Jun 17, 2025
An Atlanta family whose home was wrongly raided by the FBI will get a new day in court, the Supreme Court ruled unanimously on Thursday. The decision revives a lawsuit filed after a predawn 2017 raid in which armed members …
Posted: Jun 17, 2025
An Atlanta family whose home was wrongly raided by the FBI will get a new day in court, the Supreme Court ruled unanimously on Thursday. The decision revives a lawsuit filed after a predawn 2017 raid in which armed members …
Posted: Jun 17, 2025
Within changes submitted by U.S. Senate Republicans to President Donald Trump’s tax bill is language that would close a tax “loophole” for third-party litigation funders. According to text released Monday by U.S. Senate Finance Comm...
Posted: Jun 17, 2025
A company that has spent years battling conservationists as it seeks a permit to mine outside the Okefenokee Swamp and its federally protected wildlife refuge needs to do just one thing before regulators make a final decision: set aside $2 …
Posted: Jun 17, 2025
B.P. Marsh and Partners Plc, the specialist private equity investor in early-stage financial services businesses, announced it has acquired a 27% shareholding in Cameron Specialty, a London-based underwriting agency. B.P. Marsh has agreed to provide...
Posted: Jun 17, 2025
The European Central Bank is embedding climate risk into regular reviews of how well banks can absorb losses, marking a new chapter in its supervisory approach. The intention is to “incorporate, more decisively and in a more business-as-usual w...
Posted: Jun 17, 2025
Two tankers collided in waters off the United Arab Emirates and caught fire in the early hours of Tuesday, rattling global oil and shipping markets that have been closely monitoring navigation in the region since Israel began strikes on Iran …
Posted: Jun 17, 2025
Two giant ocean-going tankers collided and caught fire and two other ships were approached by Iranian boats near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets already on high alert. The Front Eagle, an 1,100-foot (3...
Posted: Jun 17, 2025
A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said. Better...
Posted: Jun 17, 2025
IICF Legacy Leaders honored for contributions to the foundation and local communities LOS ANGELES – June 16, 2025 – The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, ho...
Posted: Jun 17, 2025
A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new or renewed policy, a bill that the American Property Casualty Insurance Association (APCIA) says would destabilize the state&...
Posted: Jun 17, 2025
The Texas Department of Transportation said a compromise of an account led to a data breach of a large number of crash records. On May 12, TxDOT identified unusual activity in its Crash Records Information System (CRIS) originating from a …
Posted: Jun 17, 2025
Local officials warned more than half a million Iowans in the state’s capital city and suburbs on Thursday that near-record level of pollutants in its rivers could make drinking water dangerous if immediate steps are not taken to reduce demand....
Posted: Jun 17, 2025
St. Louis Mayor Cara Spencer signed an executive order to waive a 25% holdback of insurance payouts for property damage claims related to the May 16 tornado that damaged at least 10,000 properties in the city. The order instructs the …
Posted: Jun 17, 2025
The death toll from heavy rains that inundated parts of San Antonio has risen to 13, and all those missing have been found, authorities said. More than 7 inches (18 centimeters) of rain fell over a span of hours on …
Posted: Jun 17, 2025
The American Bar Association sued the Trump administration on Monday, seeking an order that would bar the White House from pursuing what the ABA called a campaign of intimidation against major law firms. The lawsuit, filed in federal court in …
Posted: Jun 17, 2025
John Hamer, president of Rodgers Wade Manufacturing in Paris, Texas, makes store fixtures for big retailers like Ross Dress for Less and Ulta Beauty. He sources many of the goods from China, which until recently meant he paid 70% in …
Posted: Jun 17, 2025
India’s deadliest plane crash in more than decade is set to send shock waves through the aviation insurance industry and trigger one of the country’s costliest claims, estimated at around $475 million. “This aviation insurance claim...
Posted: Jun 17, 2025
Newly posted data from Florida regulators show that, in the last three years, the number of property insurance policies in the state has risen only slightly while direct premium written and average premiums have climbed significantly. The first-quart...
Posted: Jun 17, 2025