Insurance Journal
CHARLESTON, W.Va. (AP) — The Trump administration is dropping plans to terminate leases for 34 offices in the Mine Safety and Health Administration, the agency responsible for enforcing mine safety laws, the Department of Labor said Thursday. Earlier...
Posted: Jun 02, 2025
A divided US Supreme Court declined to consider a new expansion of constitutional gun rights, turning away challenges to a Maryland ban on so-called assault weapons and a Rhode Island prohibition on high-capacity magazines. The justices left intact f...
Posted: Jun 02, 2025
SPRINGFIELD, Ky. (AP) — Another storm hit parts Kentucky, Tennessee, West Virginia and Virginia Friday, killing one person and injuring seven others. In Kentucky, Washington County Judge-executive Timothy Graves said two or three houses were destroye...
Posted: Jun 02, 2025
The driver of a pickup that crashed into a tour van near Yellowstone National Park this month, killing seven people, had a blood alcohol level more than twice the legal limit for driving, police said. The driver, identified previously as …
Posted: Jun 02, 2025
Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the reinsurance and advisory arm of Howden. While rate moderatio...
Posted: Jun 02, 2025
A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.”...
Posted: Jun 02, 2025
A federal district court judge in Boston has granted preliminary approval to a $2.16 million settlement between the New England Patriots organization and a class of fans who claim their personally identifiable information (PII) was shared without the...
Posted: Jun 02, 2025
CHARLESTON, SC., June 02, 2025 – Johnson & Johnson Inc. (J&J) continues the expansion of its footprint by acquiring the assets of Indemnity Excess & Surplus Agency Inc (IES). The parties completed the transaction effective June 1, 2025. B...
Posted: Jun 02, 2025
This post is part of a series sponsored by EZLynx. Performance data is one of the most powerful tools an independent agency can use to stay competitive—but only when it’s timely and easy to understand. Outdated spreadsheets, static end-of-month...
Posted: Jun 02, 2025
Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast gu...
Posted: Jun 02, 2025
In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for...
Posted: Jun 02, 2025
After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought &#...
Posted: Jun 02, 2025
As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Posted: Jun 02, 2025
When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commissio...
Posted: Jun 02, 2025
The Oregon Occupational Safety and Health Division fined Hillsboro-based Renner Trucking and Excavating Inc. $80,804 for repeatedly violating rules intended to protect workers from trenches caving in. Oregon OSHA issued a citation to the company on M...
Posted: Jun 02, 2025
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-...
Posted: Jun 02, 2025
It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and poli...
Posted: Jun 01, 2025
The U.S. higher education insurance market is as diverse as the academic degrees these institutions offer. But one recent challenge facing the sector is a downturn in public trust that may be contributing to the increased frequency and severity of &#...
Posted: Jun 01, 2025
Recruitment doesn’t have to be a dull subject. Imagine discussing it in a more enjoyable way at your next management meeting. Viral work trends are an excellent starting point. TikTok alone has 115,000 videos tagged with #CareerTok and over 1 &...
Posted: Jun 01, 2025
By Allen Laman As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation...
Posted: Jun 01, 2025
When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore the other 30% when determining profitability? …
Posted: Jun 01, 2025
Vendor-related risks, whether from technology suppliers or non-technology partners, have always been a concern and often drive a large number of cyber insurance claims notifications. Vendor risks have traditionally come in the form of data breaches,...
Posted: Jun 01, 2025
If you write personal lines–or own a home–then you know. Homeowners insurance rates are up–significantly in some states such as Texas. But better news is around the corner judging by a new industry report. For the first time in five...
Posted: Jun 01, 2025
It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and poli...
Posted: Jun 01, 2025