Insurance Journal
A former West Virginia volunteer fire official who pleaded guilty to fraud after burning down his home and misusing the fire department’s credit card has been sentenced to 33 months in prison. Donald A. Ennis, 44, of St. Albans, also …
Posted: May 30, 2025
ZestyAI announced that the Michigan Department of Insurance and Financial Services has approved its severe convective storm suite. The approval comes as Michigan contends with rising weather-related insurance losses. According to NOAA’s Nationa...
Posted: May 30, 2025
The Texas House gave a thumbs Wednesday to a bill allowing smaller homes on smaller lots in Texas’ biggest cities, part of a broad push by state lawmakers to put a dent in the state’s high home prices. But the …
Posted: May 30, 2025
The Republican-led House of Representatives has narrowly passed a giant tax and spending bill that would end Inflation Reduction Act subsidies for clean power years early. The proposed changes threaten to unravel a variety of incentives that would re...
Posted: May 30, 2025
The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe’s environmental aims, EU diplomats told Reuters. The Europ...
Posted: May 30, 2025
Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province amid hot, dry weather, brin...
Posted: May 30, 2025
This edition of International People Moves details executive appointments at Markel and AXA XL Reinsurance. A summary of these new hires follows here. Markel Taps Former RSA Exec Mooney to Succeed Galjaard Who Will Step Down Markel, the insurance ope...
Posted: May 30, 2025
After losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage. The administration is set to soon unveil...
Posted: May 30, 2025
CVS and Express Scripts asked a federal judge on Thursday to block a law prohibiting pharmacy benefit managers from owning or operating pharmacies in Arkansas, challenging the first such restriction enacted by a state. The lawsuits come a little over...
Posted: May 30, 2025
CVS and Express Scripts asked a federal judge on Thursday to block a law prohibiting pharmacy benefit managers from owning or operating pharmacies in Arkansas, challenging the first such restriction enacted by a state. The lawsuits come a little over...
Posted: May 30, 2025
The Honolulu Police Department said it will review all impaired driving arrests after the American Civil Liberties Union of Hawaii filed a lawsuit alleging officers are arresting sober drivers in an overzealous focus on making drunk-driving arrests....
Posted: May 30, 2025
The Czech Republic has accused China of being “responsible” for cyberattacks against a a communication network of its Foreign Ministry, officials said on Wednesday [May 28]. The Foreign Ministry in Prague said the malicious activities sta...
Posted: May 30, 2025
In an era where billion-dollar disasters are becoming the norm, one truth stands above the wreckage: strong building codes save buildings – and lives. Yet despite mounting risks, the U.S. remains caught in a paradox. We have the knowledge and …
Posted: May 30, 2025
The only stock in the FTSE 100 with buy recommendations from every analyst that covers it just gained another bull. Beazley Plc was named a ‘top pick’ by Berenberg, which gave the Lloyd’s of London insurer a 1,150 pence price …...
Posted: May 30, 2025
The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, extending the regulator’s new approach to cryptocurrencies since President Donal...
Posted: May 30, 2025
A former WWE executive who had been fighting sexual abuse allegations in a lawsuit by an ex-employee has agreed to a confidential settlement and will now help the accuser as she continues suing the company and former leader Vince McMahon, …
Posted: May 30, 2025
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as “an independent holding company that oversees carriers supporting managing general underwriters. Novel...
Posted: May 30, 2025
Florida Gov. Ron DeSantis has vetoed a bill that would have restored some family members’ right to file suit after a loved one dies from medical negligence. The Florida Legislature this year approved House Bill 6017 by wide margins. The …
Posted: May 30, 2025
When a series of deadly storms and tornadoes pummeled Arkansas in mid-March, downing power lines and tearing up homes, Governor Sarah Huckabee Sanders asked the federal government for money to not only help repair the damage, but also boost the ̷...
Posted: May 30, 2025
Elevator inspections in Georgia have been an issue for years, exacerbated by the death of an 18-year-old athlete who was trapped and crushed between floors in a faulty elevator in 2021. Now, the Georgia insurance commissioner says his office has R...
Posted: May 30, 2025
After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 4...
Posted: May 30, 2025
Liberty Mutual reported that it has reached a settlement with Travelers Insurance in a case involving a construction firm being sued by a man who was injured when he fell down an elevator shaft on a construction site. Liberty Mutual …
Posted: May 30, 2025
Liberty Mutual reported that it has reached a settlement with Travelers Insurance in a case involving a construction firm being sued by a man who was injured when he fell down an elevator shaft on a construction site. Liberty Mutual …
Posted: May 30, 2025
California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety net—the California FAIR Plan. As homeowners confront rising premiums...
Posted: May 30, 2025
California’s property insurance market remains in turmoil, exacerbated by escalating wildfire risks, insurer withdrawals, and systemic shortcomings in the state’s safety net—the California FAIR Plan. As homeowners confront rising premiums...
Posted: May 30, 2025