Insurance Journal

Trump’s Attack on DEI Hits UK as Corporate Sponsors Abandon LGBTQ Pride

The Trump administration’s attack on US diversity, equity and inclusion policies is reverberating across the Atlantic, with corporations abandoning sponsorships of Britain’s Pride festivals, threatening key funding for events this summer....

Posted: Jun 04, 2025

Burning Cargo Ship Carrying 3,000 Vehicles Abandoned off Alaska

The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday. The 22 crew members were safely …

Posted: Jun 04, 2025

Burning Cargo Ship Carrying 3,000 Vehicles Abandoned Off Alaska

The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday. The 22 crew members were safely …

Posted: Jun 04, 2025

Microsoft Offers to Boost European Governments’ Cybersecurity for Free

Microsoft is offering free of charge to European governments a cybersecurity program, launched on Wednesday, to bolster their defenses against cyber threats, including those enhanced by artificial intelligence, it said. After a surge in cyberattacks...

Posted: Jun 04, 2025

EU Sees Progress in US Talks Despite Trump’s Steel Tariff Hike

The European Union and the US are headed in the “right direction” in trade talks, though new American levies on steel and aluminum imports aren’t helpful if both sides want to maintain momentum, Maros Sefcovic said after meeting wit...

Posted: Jun 04, 2025

China Calls for France to Help Resolve Trade Differences With EU

China called on France to help resolve trade differences with the European Union, as Beijing seeks to shore up ties with the bloc amid simmering tensions with the US. “It is normal to have differences in bilateral economic and trade …

Posted: Jun 04, 2025

Ex-Police Officers Plead Guilty to Conspiring in Auto Insurance Fraud Scheme

Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Hayes. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilt...

Posted: Jun 04, 2025

Trucordia Gains $1.3B Investment From Carlyle to Propel Growth

Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.6 billion, and it will reduce the company’s debt relative to...

Posted: Jun 04, 2025

Risk & Insurance Education Alliance Unveils AlliBot 3.0: Advanced AI Tool Including Document Analysi...

Austin, TX — June 04,2025 — The Risk & Insurance Education Alliance is proud to announce the launch of AlliBot 3.0, the newest generation of its groundbreaking AI-powered knowledge bot designed exclusively for risk and insurance professionals. Bu...

Posted: Jun 04, 2025

Canadian Wildfires Cause Unhealthy Air Quality in Midwest

Smoke from Canadian wildfires carried another day of poor air quality south of the border to the Midwest, where conditions in parts of Minnesota, Wisconsin and Michigan were rated “very unhealthy” on Tuesday. The fires have forced more th...

Posted: Jun 04, 2025

Texas Wants to Kill a Cannabis Boom It Accidentally Helped Stoke

Texas is on the cusp of banning all recreational THC products after lawmakers passed a bill to reverse the unintended effects of hemp laws that led to a boom in shops selling gummies, joints, vapes and drinks that create a …

Posted: Jun 04, 2025

Iowa Amusement Park Settles Lawsuit Over 11-Year-Old’s Drowning in 2021

An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …

Posted: Jun 04, 2025

People Moves: Mosaic’s DeLong Promoted to Global Market Engagement Officer, Bonkoski Joins as Cyber...

Mosaic Insurance, headquartered in Hamilton, Bermuda, promoted Yosha DeLong to the new role of global engagement officer and hired cyber and technology liability executive Brian Bonkoski to lead the company’s cyber business. Based in Chicago, I...

Posted: Jun 04, 2025

Tariffs Stoke Supply Chain Worries for US Businesses, Gallagher Survey Shows

A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump’s sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. The findings come as Trump’s tariff policies raise...

Posted: Jun 04, 2025

Will DeSantis Sign Bill Allowing Longer Noncompete Agreements in Florida?

While federal agencies and some states have moved to rein in the reach of noncompete agreements, a Florida bill awaiting the governor’s signature would go in the opposite direction, significantly lengthening the agreements and expanding employe...

Posted: Jun 04, 2025

Musk’s X Aims to Soothe EU Regulators With Blue Check Disclaimer

Elon Musk’s social network X is showing users a prominent disclaimer about the platform’s blue checkmark program in a bid to appease concerns from the European Union’s content regulators that it’s deceptive and should be overh...

Posted: Jun 04, 2025

Penn Wins Dismissal of Antisemitism Suit by Jewish Students

A federal judge dismissed a lawsuit against University of Pennsylvania filed by Jewish students over antisemitism, ruling they failed to show the Ivy League school engaged in intentional discrimination. US District Judge Mitchell Goldberg ruled Monda...

Posted: Jun 04, 2025

Pilot Avoids Crash, Lands Small Plane in Long Island Sound

The pilot of a small plane that was about to crash managed to land it safely in the cool, choppy waters of Long Island Sound off Connecticut and called 911 to provide his precise coordinates before the aircraft sank, authorities …

Posted: Jun 04, 2025

Al Fardan Named Non-Exec Chairman, Burns & Wilcox MENA; Aon appoints Marcell to serve as CEO of Glob...

H.W. Kaufman Group Names Hasan Fardan Al Fardan as Non-Executive Chairman, Burns & Wilcox MENA H.W. Kaufman Group named Hasan Fardan Al Fardan as the non-executive chairman for Burns & Wilcox, Middle East and North Africa (MENA). He works clo...

Posted: Jun 03, 2025

People Moves: Al Fardan Named Non-Exec Chairman, Burns & Wilcox MENA; Aon Appoints Marcell to CEO of...

H.W. Kaufman Group Names Hasan Fardan Al Fardan as Non-Executive Chairman, Burns & Wilcox MENA H.W. Kaufman Group named Hasan Fardan Al Fardan as the non-executive chairman for Burns & Wilcox, Middle East and North Africa (MENA). He works clo...

Posted: Jun 03, 2025

Stonetrust Insurance Credit Ratings Unchanged Amid Acquisition of Southern Vanguard

AM Best said that the Credit Ratings (ratings) of Southern Vanguard Insurance Company (Southern Vanguard) (Austin, Texas) and the members of Stonetrust Insurance Group (Stonetrust) (Baton Rouge, Louisiana) remain unchanged following the May 27, 2025,...

Posted: Jun 03, 2025

Judge Dismisses California’s Tariff Lawsuit, Teeing up Appeal

A U.S. judge dismissed the state of California’s challenge to President Donald Trump’s tariffs, allowing the state to file an appeal over the court’s ruling that the dispute should have been filed in a specialized U.S. trade court i...

Posted: Jun 03, 2025

Report: Long COVID Accounted for Three Quarters of California Comp Virus Claim Payments

Long COVID cases accounted for 82.1% of the treatment payments on COVID claims and 73.7% of all COVID-19 claim payments in California’s workers’ compensation system, according to a study. The study from the California Workers’ Compe...

Posted: Jun 03, 2025

Report: Long COVID Accounted for Nearly 74% of California Comp Virus Payments

Long COVID cases accounted for 82.1% of the treatment payments on COVID claims and 73.7% of all COVID-19 claim payments in California’s workers’ compensation system, according to a study. The study from the California Workers’ Compe...

Posted: Jun 03, 2025

Pennsylvania AG Reaches Settlement With AI-Based Property Management Platform

Pennsylvania Attorney General Dave Sunday announced a settlement with Home365, LLC, regarding the Las Vegas-based property management company’s alleged failures to timely address Pennsylvania tenants’ maintenance needs. The voluntary comp...

Posted: Jun 03, 2025