Insurance Journal

Dutch Insurer Scraps Old-Style Chat Bots Amid Uneven AI Rollout

NN Group NV is replacing pre-programmed chat bots in client-facing roles with a version that can interact more naturally with humans, further evidence of the continued but uneven roll-out of artificial intelligence in financial services. The insuranc...

Posted: May 28, 2025

Definity Financial to Buy Travelers Cos.’ Canadian Operations for $2.4 Billion

Travelers Cos. said on Tuesday it has agreed to sell its Canadian personal insurance business and majority of its commercial insurance operations in the country to Definity Financial in a deal valued at $2.4 billion. The transaction adds to a …

Posted: May 28, 2025

Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums

A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on premiums. As artificial intelligence makes attacks more...

Posted: May 28, 2025

Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …

Posted: May 28, 2025

Skyla Insurance Acquires Policyline, Names Ricks President

Charlotte-based Skyla Insurance Services, a subsidiary of Skyla Credit Union, has acquired Policyline Insurance, an employee benefits and insurance brokerage in the Carolinas. The acquisition strengthens Skyla’s ability to provide Skyla Credit...

Posted: May 28, 2025

As Schools Prepare to Pay Athletes, What Role Will Insurance Play?

As colleges and universities prepare to legally pay athletes for the first time in National Collegiate Athletic Association history, collegiate sports programs are exploring insurance policies designed to mitigate the risks that come with dishing out...

Posted: May 28, 2025

Alabama Study Shows Fortified Homes Paying Off for Insurers, Homeowners

A new Alabama study of hurricane-affected homes sends a clear message to insurers and homeowners nationwide: climate-resilient construction methods can protect homes, and save a lot of money. The first-of-its-kind analysis, released this week, review...

Posted: May 28, 2025

Immigration Crackdown Unnerves Once-Protected Cuban Exiles in Florida

Immigration officials said Tomás Hernández worked in high-level posts for Cuba’s foreign intelligence agency for decades before migrating to the United States to pursue the American dream. The 71-year-old was detained by federal agents outside...

Posted: May 28, 2025

Washington Labor Contractor Fined $1.25M for Workplace Violations

A farm labor contractor was fined $1.25 million for operating without a license and failing to provide nearly 5,000 workers with required employment details. The fine was issued by the Washington State Department of Labor & Industries following a...

Posted: May 28, 2025

Appeals Court Affirms City of Boston Is Not Liable in School Shooting

The city of Boston is immune from liability for a shooting that took place at a city school in 2022 even though the school’s improper use of its metal detectors allowed the shooter to enter the school with a firearm. …

Posted: May 28, 2025

$2.1M Settlement With Family of Alaska Teen Fatally Shot by Officer

Alaska’s largest city has reached a $2.1 million settlement with the family of a 16-year-old girl who was holding a knife last August when she was fatally shot by a police officer. Anchorage Mayor Suzanne LaFrance’s office said in a &#823...

Posted: May 28, 2025

Free Speech Beats Zoning in Spat Over New Hampshire Pastry Shop Painting

A New Hampshire town’s attempt to force a bakery to remove or alter its painting that shows sunbeams shining down on a mountain range of doughnuts, a muffin, a cinnamon roll and other pastries is unconstitutional, a judge ruled in …

Posted: May 28, 2025

Maryland Car Dealer Accused of Denying Employee’s Service Dog for PTSD

Criswell Chevrolet, Inc., a Maryland car dealership group, violated federal law by refusing to allow a parts department worker to have a service dog at work as a reasonable accommodation for his post-traumatic stress disorder (PTSD) resulting from co...

Posted: May 28, 2025

First Heat Wave of Season to Bake West, Increasing Wildfire Risk

Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be &#82...

Posted: May 27, 2025

Trump Approves FEMA Disaster Relief for 8 States

President Donald Trump green-lit disaster relief for eight states on Friday, assistance that some of the communities rocked by natural disasters have been waiting on for months. The major disaster declaration approvals allow Arkansas, Iowa, Kansas, M...

Posted: May 27, 2025

People Moves: Fidelis Insurance Group Promotes Greenwood as CUO for Bermuda; Everest Names Former Ch...

This edition of International People Moves details appointments at Fidelis Insurance Group and Everest Group. A summary of these new hires follows here. Fidelis Insurance Group Promotes Greenwood as Chief Underwriting Officer for Bermuda Fidelis Insu...

Posted: May 27, 2025

Mechanic Sentenced to Prison, Must Pay $1.3M for Defrauding Missouri Customer

An auto mechanic was sentenced to 33 months in prison and ordered to repay $1.37 million to his victims for defrauding a Missouri customer, among others, the U.S. Attorney’s Office, Eastern District of Missouri announced last week. Beginning in...

Posted: May 27, 2025

How to Protect Your Rooftop Solar Panels From Hail Damage

As the US heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it&#821...

Posted: May 27, 2025

Florida’s Slide Insurance Files for Initial Public Stock Offering

Four years after it was founded, Florida-based Slide Insurance plans to go public. The holding company for the Tampa-headquartered company, which has more than 343,000 policies in Florida, last week filed registration paperwork with the U.S. Securiti...

Posted: May 27, 2025

Louisiana Stifles Community Air Monitoring With Threat of Million-Dollar Fines, Lawsuit Says

On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high leve...

Posted: May 27, 2025

Louisiana Stifles Community Air Monitoring With Threat of Million-Dollar Fines: Lawsuit

On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high leve...

Posted: May 27, 2025

Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report

Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more than US$1 billion....

Posted: May 27, 2025

Boeing Agrees to Resolve US Criminal Case Over 737 Crashes

Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal charges for two fatal crashes of its 737 Max jets more than six years ago. The settlement was disclosed in …

Posted: May 27, 2025

TVA Becomes First US Utility to Seek Permit for Small Nuclear Reactor

For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation’s largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construct...

Posted: May 27, 2025

Industry Vet Plumeri Joins Insurance Advisory Partners as Chairman

Insurance veteran and former Willis Group Holdings CEO Joe Plumeri will occupy the new role of chairman at Insurance Advisory Partners (IAP). According to the investment bank focused on the insurance, insurance services and insurtech industries, Plum...

Posted: May 27, 2025