Insurance Journal
Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning with the US government slashing climate incentives and programs. The Swiss startup was one of the first companies to develop direct-air capture &#...
Posted: May 22, 2025
Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That b...
Posted: May 22, 2025
Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on loss control services. These serv...
Posted: May 22, 2025
Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried to halt a so-called shadow fleet tanker in their economic zone. “A fairly …
Posted: May 22, 2025
A Republican proposal to block states from regulating artificial intelligence for 10 years drew opposition on from a bipartisan group of attorneys general in California, New York, Ohio and other states that have regulated high-risk uses of the techno...
Posted: May 22, 2025
More than two months after a tornado demolished his Mississippi home, Brian Lowery still sifts through the rubble, hoping to find a tie clip his mother gave him, made from the center stone of her wedding band. “I still have …
Posted: May 22, 2025
A British aviation firm contends in a lawsuit that a Florida aircraft management company failed to properly inspect a Learjet, botched repairs to landing gear – which allegedly caused a tire blowout on landing – then failed to verify inspection ̷...
Posted: May 22, 2025
The owner of a San Jose-based security company was sentenced after a California Department of Insurance investigation reportedly uncovered a multiyear scheme to underreport payroll and avoid paying workers’ compensation insurance premiums. Raul...
Posted: May 22, 2025
SOUTH KINGSTOWN, R.I. (AP)— One of Rhode Island’s most famous restaurants has been damaged after a fire broke out early Tuesday morning. Union Fire District Steve Pinch says firefighters arrived at 3:45 a.m. to find heavy smoke and flames comin...
Posted: May 22, 2025
The head of the Environmental Protection Agency clashed with Democratic senators Wednesday, accusing one of being an “aspiring fiction writer” and saying another does not “care about wasting money.” Democrats countered that EP...
Posted: May 22, 2025
Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance C...
Posted: May 22, 2025
Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance C...
Posted: May 22, 2025
Golden Bear Insurance Company hired Greg Hohman as chief underwriting officer. Hohman has experience in the excess and surplus lines sector, most recently serving as chief underwriting officer at Munich Re Specialty Insurance. Previous roles include...
Posted: May 22, 2025
State Farm isn’t done seeking a rate increase in California, upping its request a week after getting the OK for a large rate hike to what the company had originally wanted before being rejected and agreeing to an interim deal …
Posted: May 21, 2025
Overnight parking for long-haul truckers at interstate rest stops is critically short and was a key contributor to a 2023 Greyhound bus crash in Illinois that killed three people, federal regulators said Tuesday. The National Transportation Safety Bo...
Posted: May 21, 2025
Overnight parking for long-haul truckers at interstate rest stops is critically short and was a key contributor to a 2023 Greyhound bus crash in Illinois that killed three people, federal regulators said Tuesday. The National Transportation Safety Bo...
Posted: May 21, 2025
Corner Bar, which operates on South Lamar Boulevard in Austin, Texas, will pay $42,000 and provide other equitable relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agenc...
Posted: May 21, 2025
Corner Bar, which operates on South Lamar Boulevard in Austin, Texas, will pay $42,000 and provide other equitable relief to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agenc...
Posted: May 21, 2025
First MainStreet Insurance (FMSI), a division of TrueNorth Companies, announced the continued expansion of its platform with two new strategic partnerships and a notable merger, marking a dynamic start to 2025. Effective May 1, 2025, FMSI has partner...
Posted: May 21, 2025
Construction insurance Services (CIS), an MGA/MGU based in Dallas focused on the construction industry in all 50 states, announced a promotion and addition to its leadership team. CIS is a subsidiary of the Curley Financial Group based in Dallas. Hec...
Posted: May 21, 2025
The European Commission set out plans on Wednesday to remove barriers to business within the European Union as part of a push to boost competitiveness and counteract the impact of U.S. tariffs. The International Monetary Fund has estimated that inter...
Posted: May 21, 2025
The Progressive Corp. published a statement that the company mourned the loss of its former chief executive officer and chairman, Glenn Renwick. According to the statement, Renwick passed away on Friday, May 16 at the age of 69. “Glenn’s...
Posted: May 21, 2025
A software company that handles sensitive data for nearly every US federal agency was the victim of a cyber breach earlier this year due to a “major lapse” in security measures, according to documents reviewed by Bloomberg News. Opexus, w...
Posted: May 21, 2025
Acrisure said it has entered into a definitive agreement for the issuance of new convertible senior preferred stock in a $2.1 billion capital raise led by Bain Capital. Acrisure said the company’s valuation stands at $32 billion—a nearly 40% in...
Posted: May 21, 2025
World Insurance Associates Names Youshock Head of Personal Lines World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Michelle Youshock head of personal lines, replacing Jim Hickey, who is taking over carrier consolidation effor...
Posted: May 21, 2025