Insurance Journal
Former Connecticut Gov. John Rowland, whose promising political career was upended by a corruption scandal and two federal prison stints, has been pardoned by President Donald Trump. The Republican governor, who served from 1995 until 2004, was among...
Posted: May 30, 2025
A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a trade court had ruled Trump had exceeded his authority in imposing the duties and ordered an immediate block on them...
Posted: May 29, 2025
A short-lived heat wave will send temperatures soaring across California and the U.S. West through the weekend, elevating power demand and raising the risk of health impacts. At least 26 daily records may be broken or tied across the West …
Posted: May 29, 2025
Cotality said it has identified more than 33.1 million residential properties from Texas to Maine with a combined reconstruction cost value of $11.7 trillion at least moderate risk of sustaining damage from hurricane-force winds. The property data pr...
Posted: May 29, 2025
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+”(Good) for the members of the Ok...
Posted: May 29, 2025
Victoria’s Secret has taken down its U.S. website and says some in-store services will be unavailable as it addresses an unspecified “security incident.” A message to customers remained in place of the popular lingerie brand’s...
Posted: May 29, 2025
The New York Times Co. has reached a deal to license its editorial content to Amazon.com Inc. for use across its artificial intelligence platforms, marking the first such agreement the newspaper company has struck after years of battles between the &...
Posted: May 29, 2025
South Carolina’s governor has signed a liquor liability and tort-reform bill into law, but some lawmakers said broader changes to the state’s legal system are needed. Senate Majority Leader Shane Massey, who helped push through a compromi...
Posted: May 29, 2025
An Iranian national pleaded guilty to participating in the high-profile 2019 Baltimore, Maryland, ransomware attack, among others, and to causing tens of millions of dollars in losses and disrupted services, the Department of Justice said on Tuesday....
Posted: May 29, 2025
The West Virginia Supreme Court has ruled 3-2 that a prison nurse is entitled to workers’ compensation benefits for her COVID-19 disease because she provided sufficient evidence that she contracted it in her workplace and not outside of work. B...
Posted: May 29, 2025
A U.S. trade court blocked most of President Donald Trump’s tariffs in a sweeping ruling on Wednesday that found the president overstepped his authority by imposing across-the-board duties on imports from U.S. trading partners. The Court of Int...
Posted: May 29, 2025
Rokstone, the London-based specialty re/insurance MGA that is part of the Aventum Group, announced the launch of its International Casualty Division. The move marks the latest milestone in Rokstone’s strategic build-out of its casualty portfoli...
Posted: May 29, 2025
Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundr...
Posted: May 29, 2025
Sony’s CEO said on Thursday the spin-off of the group’s financial services arm will give that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundr...
Posted: May 29, 2025
Hiscox Ltd., the Bermuda-based specialist insurer, announces the appointment of Peter Clarke as chair designate, subject to regulatory approval. Clarke will join the board as chair designate on June 1, 2025 and will succeed Colin Keogh as chair with...
Posted: May 29, 2025
Hiscox Ltd., the Bermuda-based specialist insurer, announces the appointment of Peter Clarke as chair designate, subject to regulatory approval. Clarke will join the board as chair designate on June 1, 2025 and will succeed Colin Keogh as chair with...
Posted: May 29, 2025
The former director of a firm at the center of a global investigation into bogus airplane parts was charged with fraud by UK authorities. The Serious Fraud Office charged AOG Technics Ltd.’s director, Jose Alejandro Zamora Yrala, with fraudulen...
Posted: May 29, 2025
Tesla Inc. is poised to begin its long-awaited robotaxi service in Austin on June 12, according to a person familiar with the matter, a milestone in Elon Musk’s plan to reshape the company around driverless vehicles and artificial intelligence....
Posted: May 29, 2025
Missouri lawmakers are to kick off a special session Monday to consider aid for tornado victims and a package of financial incentives aimed at keeping the Kansas City Chiefs and Royals from leaving the state for new or improved facilities …
Posted: May 29, 2025
The Michigan Supreme Court on Wednesday dismissed appeals by families of students killed or wounded at Oxford High School in 2021, ending efforts to hold employees partly responsible for the mass shooting. Under Michigan law, immunity is a high hurdl...
Posted: May 29, 2025
When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensiti...
Posted: May 29, 2025
When Michael Balarezo emerged from the basement office of his Boulder, Colo., home in December 2021, smoke plumes from the nearby Marshall Fire were visible from his driveway. Balarezo, his wife and daughter swiftly stowed emergency clothing, sensiti...
Posted: May 29, 2025
A cargo ship that ran aground in a Norwegian fjord and narrowly missed a house, was pulled back into open water and was being towed to a nearby harbor on Tuesday — five days after the spectacular accident. A tugboat …
Posted: May 29, 2025
The Trump administration said on Wednesday it has agreed to end the U.S. Transportation Department’s consideration of race or gender when awarding billions of dollars in federal highway and transit project funding set aside for disadvantaged sm...
Posted: May 29, 2025
The reinsurance industry has shown significant improvements in operating performance in recent years. Despite facing substantial insured natural catastrophe losses globally, reinsurers achieved robust earnings growth in 2023 and 2024 exceeding their...
Posted: May 29, 2025