Insurance Journal

Court Hears Small Business Bid to Block Trump Tariffs

Five American small businesses asked a U.S. court on Tuesday to halt President Donald Trump‘s “Liberation Day” tariffs, arguing that he overstepped his powers by declaring a national emergency to impose across-the-board taxes on imp...

Posted: May 13, 2025

Markets/Coverages: CRC’s Starwind Specialty Launches 4 Programs

Starwind Specialty Insurance Services, a CRC Group company, said it has launched four insurance programs — Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis. Starwind Environmental, l...

Posted: May 13, 2025

Georgia Insurance Commissioner King Joins Race for Ossoff’s U.S. Senate Seat

Inflammatory Congresswoman Marjorie Taylor Greene won’t, but Georgia Insurance Commissioner John King will run for the U.S. Senate now held by Democrat John Ossoff. King, a former police chief in Georgia, was appointed to the insurance commissi...

Posted: May 13, 2025

Georgia Insurance Commissioner King Joins Race for Ossoff’s US Senate Seat

Inflammatory Congresswoman Marjorie Taylor Greene won’t, but Georgia Insurance Commissioner John King will run for the U.S. Senate now held by Democrat John Ossoff. King, a former police chief in Georgia, was appointed to the insurance commissi...

Posted: May 13, 2025

Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform

Mike McGavick is returning to the insurance world as a strategic advisor and board chairman of Mea Platform, an artificial intelligence firm focusing on transactions and operations for carriers, managing general agents, and brokers. McGavick is the f...

Posted: May 13, 2025

Grid Warns Extreme Heat Risks Summer Power Shortages in Midwest to East

PJM Interconnection LLC, the largest US electric grid serving about 20% of Americans from the Midwest to East Coast, warned that extreme heat this summer could trigger supply shortages for the first time. While PJM expects to have enough power &#8230...

Posted: May 13, 2025

FAA Convening Emergency Task Force on Newark Telecom Outages

The Trump administration said on Monday it was convening an emergency task force and fast-tracking urgent steps to prevent additional telecom outages at the facility overseeing Newark air traffic after three incidents have shaken public confidence. A...

Posted: May 13, 2025

Man Who Fell 21 Feet at Pirates Game Takes First Steps But Has ‘Long Way to Go’

The 20-year-old man who fell from the top of a 21-foot-high wall onto the warning track at PNC Park during a Pittsburgh Pirates game last week took his first steps Monday but still has “a long way to go” in …

Posted: May 13, 2025

Google Facing at Least €12 Billion in Civil Claims Across Europe

Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage claims from dozens of price comparison websites across the European Union which allege that the search and advertising giant stole their customers, according to a B...

Posted: May 13, 2025

Residents Jumped From Windows in Wisconsin Apartment Fire That Killed 4

Residents jumped from the windows of a four-story apartment building in Milwaukee during a Mother’s Day fire that killed four people, critically injured four others and grew so intense that the blaze outmatched the first firefighters to arrive,...

Posted: May 13, 2025

United Security Insurance Expands Personal Lines Auto to Arizona

United Security Insurance Company has expanded its personal lines auto insurance product into Arizona. The product was developed by USIC and is marketed by Warrior Insurance Network. Arizona is the first state in WIN member insurance companies’...

Posted: May 13, 2025

India Approves More Russian Insurers to Provide Marine Cover

India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top &#8...

Posted: May 13, 2025

Global Banking Regulators Agree to Prioritize Climate Risk Work

Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world’s forum for banking regulators met on Monday...

Posted: May 13, 2025

Markel Insurance CEO Wilson Lays Out Strategy for ‘Bread-and-Butter’ E&S Business

“You can’t cut yourself to greatness.” Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to convey the idea the hard work...

Posted: May 13, 2025

Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suit...

Posted: May 13, 2025

People Moves: Everest Promotes Mesagaes to Reinsurance Head of Renewable Energy; Westfield Specialty...

Everest Promotes Mesagaes as Reinsurance Head of Renewable Energy Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jonathan Mesagaes has been named head of Renewable Energy. He will report to John Hyland, head of Un...

Posted: May 13, 2025

German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims

Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year. The wildfires kill...

Posted: May 13, 2025

Marks & Spencer Says Hackers Have Stolen Some Customer Data

Marks & Spencer Group Plc said some personal customer data was stolen by hackers as the British retailer continues to investigate and manage a highly-damaging “cyber incident.” The stolen data does not include “useable payment o...

Posted: May 13, 2025

FM Clients to Receive Share of $1 Billion in ‘Membership Credits’

Commercial property insurer FM announced an enhanced $1 billion membership credit for eligible mutual policyholders, allowing client-owners to receive more credit sooner. Johnston, Rhode Island-based FM said May 5 that with this year’s credit,...

Posted: May 13, 2025

SEC Chair Says Agency Plans to Create New Rules for Crypto Tokens

Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency’s cryptocurrency policies on Monday, saying he plans to establish guidelines for distributions of crypto tokens that are securities...

Posted: May 13, 2025

Appeals Court: Florida Deputy Used Excessive Force and is Not Immune from Suit

A Sarasota County sheriff’s deputy used excessive force on a handicapped, 100-pound driver in 2020 and is not entitled to immunity from lawsuits, a federal appeals court ruled in a case that could affect officers’ insurance coverage in si...

Posted: May 13, 2025

Labor Department Suing USPS Over Fired Texas Worker Who Reported Injury

The U.S. Department of Labor has filed a lawsuit against the U.S. Postal Service for what it says is the wrongful termination of an employee who fell while delivering mail and reported the work-related injury. An investigation by the department&#8217...

Posted: May 13, 2025

Wisconsin Republicans Kill Cannabis Legalization And Tax Increases for Millionaires

Republicans who control the Wisconsin Legislature voted to kill most of the top spending priorities of Democratic Gov. Tony Evers, including legalizing marijuana, even as both sides negotiate a tax cut. The Legislature’s Republican-controlled b...

Posted: May 13, 2025

Texas Insurance Fraudster Given Prison Sentence and $350K Fine

A federal judge sentenced a McAllen woman who reportedly helped commit property and title fraud schemes to 24 months in prison and three years of supervised release. Chief U.S. District Judge Randy Crane also ordered Mayela Saby Cantu to pay …

Posted: May 13, 2025

Police: Truck Crossed Center Line in Crash With Tour Van That Killed 7 Near Yellowstone

A pickup truck that collided with a tour van near Yellowstone National Park last week, killing seven people, crossed the highway’s center line and hit the van, according to Idaho State Police. Investigating troopers have determined that the Dod...

Posted: May 13, 2025