Insurance Journal
Japan’s three major casualty insurers plan to sell a total of about ¥1.37 trillion ($9.5 billion) of cross-held shares in the fiscal year started April in a push to reduce strategic holdings in line with government policy. Tokio Marine Holdings...
Posted: May 20, 2025
Boroughs Named Vice Chairman, Chubb Group; Hogan Succeeds Boroughs as Chubb Group Chief Investment Officer Chubb Limited, with U.S. headquarters in Warren, New Jersey, named Tim Boroughs vice chairman, Chubb Group and executive chairman, asset manage...
Posted: May 20, 2025
More tornadoes plowed through the central U.S. on Monday and thousands were without power as people from Texas to Kentucky continued to clean up from days of severe weather that killed more than two dozen people and destroyed thousands of …
Posted: May 20, 2025
This post is part of a series sponsored by AgentSync. Today’s insurance agencies rely on an average of 5.7 to 11.9 different technology platforms for day-to-day operations, depending on their total revenue. For large-scale carriers managing mul...
Posted: May 20, 2025
Driverless vehicle developer Aurora Innovation Inc. is putting a human back in front of the wheel of big rigs operating in Texas, reversing course less than three weeks after the company began commercial autonomous service there. The decision to move...
Posted: May 20, 2025
The American Property Casualty Insurance Association (APCIA) chimed in to a recent Senate subcommittee hearing to defend the industry’s response to claims following hurricanes Milton and Helene. “The vast majority of claims from Hurricane...
Posted: May 20, 2025
Italy’s data protection agency has fined the developer of artificial intelligence (AI) chatbot company Replika 5 million euros ($5.64 million) for breaching rules designed to protect users’ personal data, the authority said on Monday. Lau...
Posted: May 20, 2025
EY failed to spot a major fraud by main shareholders of UAE hospital operator NMC Health in what lawyers for the firm’s administrators described as disgraceful auditing, at the start of a roughly $3 billion London trial on Monday. The …
Posted: May 20, 2025
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil as part of the new sanctions package against Moscow, European Economic Commissioner Valdis Dombrovskis said on Monday. …
Posted: May 20, 2025
Motion Specialty has been approved as a Lloyd’s of London coverholder, founded by former Hiscox executives Dan Alpay and Alex Kickham. The business writes on behalf of Lloyd’s Syndicate 1301, managed by Inigo Ltd., and is supported by Joh...
Posted: May 20, 2025
The Federal Communications Commission said it was approving Verizon Communication’s $20 billion deal to acquire fiber-optic internet providers Frontier Communications after the largest U.S. telecom company agreed to end its diversity, equity an...
Posted: May 20, 2025
Oregon Gov. Tina Kotek named Sean O’Day as acting director of the Oregon Department of Consumer and Business Services (DCBS). O’Day is currently the deputy director for DCBS. In his new role, he replaces Andrew R. Stolfi, who the Oregon &...
Posted: May 20, 2025
An audit of Maryland autopsies has uncovered at least 36 deaths in police custody that should have been considered homicides, state officials announced Thursday following a comprehensive review of such cases spurred by widespread concerns about the f...
Posted: May 20, 2025
Federal safety officials are probing an incident at New York’s LaGuardia airport earlier this month, during which a Republic Airways jet had to abort takeoff to avoid a collision with a United Airlines Holdings Inc. plane taxiing on the same &#...
Posted: May 20, 2025
Idaho police released the names of six people from China, Italy and California killed when a pickup truck collided with their tour van in a fiery crash near Yellowstone National Park earlier this month. Idaho State Police said Jianping Li, …
Posted: May 20, 2025
Two women and a 5-year-old girl died after a train struck the family members while they were on a railroad bridge over a northern Ohio river, authorities said Monday. Crews equipped with sonar had been scouring the Sandusky River through …
Posted: May 19, 2025
A federal jury awarded $405,083 to a veteran in a disability discrimination case against a St. Petersburg, Fla. senior living facility and its operating companies, the U.S. Equal Employment Opportunity Commission (EEOC) announced. According to the EE...
Posted: May 19, 2025
This post is part of a series sponsored by IAT Insurance Group. Motor vehicle crashes cost employers $60 billion annually — some of which are not actually “accidents.” Staged auto accidents — in which fraudulent actors deliberately orches...
Posted: May 19, 2025
A new task force has been formed to develop standards in California for insurance coverage and clean-up of smoke-damaged homes. California Insurance Commissioner Ricardo Lara announced the formation of a Smoke Claims & Remediation Task Force with...
Posted: May 19, 2025
When a Mexican navy tall ship crashed into the Brooklyn Bridge, it was maneuvering in turbulent waters. The tide had just turned, and a fast current was heading up the East River as a 10 mph wind set in. While …
Posted: May 19, 2025
Walmart Inc. stunned civil-rights activists in November by saying it was pulling back on diversity, equity and inclusion efforts. The world’s largest retailer said it would stop using the term “DEI” in official communications, remov...
Posted: May 19, 2025
Flames ripped through a massive mansion in Louisiana, destroying much of the historic structure that was used as a plantation house when it was completed in 1859, authorities said. The fire that engulfed the Nottoway Plantation House on Thursday deva...
Posted: May 19, 2025
A month after a costly cyberattack on one of Britain’s best known retailers, Marks & Spencer has yet to restore online shopping as it prioritizes safety over speed, while retailers worldwide race to boost their defenses. The attack on the &...
Posted: May 19, 2025
Hackers have stolen a “significant amount of personal data” from people who received legal aid across England and Wales, the UK’s Ministry of Justice said. A breach at the Legal Aid Agency that was identified by the government in Ap...
Posted: May 19, 2025
Protecdiv, headquartered in Philadelphia, Pennsylvania, hired David Castillo as executive vice president and national construction practice leader. In this newly created role, Castillo leads the strategic growth and development of Protecdiv’s c...
Posted: May 19, 2025