Insurance Journal

People Moves: Rothwell Joins Cowbell in California as Controller

Vivien Rothwell joined Cowbell as controller. Rothwell has more than 20 years of experience in corporate finance and accounting, working across the real estate, insurance, and FinTech sectors. Rothwell began her career at Deloitte & Touche LLP in...

Posted: May 12, 2025

Google Settles $1.4B Lawsuit with Texas Over Data Privacy Violations

Google will pay $1.4 billion to Texas to settle claims the company collected users’ data without permission, the state’s attorney general announced Friday. Attorney General Ken Paxton described the settlement as sending a message to tech...

Posted: May 12, 2025

Google Settles $1.4B Lawsuit With Texas Over Data Privacy Violations

Google will pay $1.4 billion to Texas to settle claims the company collected users’ data without permission, the state’s attorney general announced Friday. Attorney General Ken Paxton described the settlement as sending a message to tech...

Posted: May 12, 2025

Report Shows NYC Helicopter Breaking Apart in Midair Before Crash That Killed 6

Federal officials last Wednesday released images of a doomed New York City sightseeing helicopter as it broke apart in midair last month, killing six people. The series of still photographs taken from surveillance camera video shows the fuselage, con...

Posted: May 12, 2025

Illinois Chemical Manufacturer Reaches $400K Settlement With EPA

The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Nalco Production LLC and Nalco Co. LLC. The companies manufacture polymer blend chemicals at their facility at 6216 W. 66th Place in Chic...

Posted: May 09, 2025

Patriot Growth Partners With Texas’ Ladd Gardner Aviation Insurance

Patriot Growth Insurance Services announce its partnership with Ladd Gardner Aviation Insurance (LGA), an aviation insurance agency based in Addison, Texas. Founded in 2007 by aviation enthusiast and industry veteran, Ladd Gardner, the agency brings...

Posted: May 09, 2025

Texas Legislators Seek Solutions to Rising Home Insurance Rates

Texas lawmakers hope to rein in homeowners’ rising insurance bills even as they acknowledge there’s only so much they can do to tackle costs. Legislators have advanced bills to limit how much insurance companies can hike rates and help ho...

Posted: May 09, 2025

People Moves: SiriusPoint Promotes Fenn to Global Head of Marine; Arch Insurance International Promo...

SiriusPoint Promotes Fenn to Global Head of Marine SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the promotion of Chris Fenn to global head of Marine, in addition to two strategic appointments to strengthen its global...

Posted: May 09, 2025

Business Moves: Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Underwriting; Optio...

Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Underwriting Shape Underwriting, the London-headquartered managing general agent, has acquired Protect Underwriting LLP, a specialist MGA in private client high-net-worth business...

Posted: May 09, 2025

Minnesota YMCA to Pay $140K to Settle Sexual Harassment Lawsuit

The St. Cloud Area Family YMCA will pay $140,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced this week. The EEOC charged in its suit &#8...

Posted: May 09, 2025

Abu Dhabi’s IHC, BlackRock Start $1 Billion Reinsurance Firm

International Holding Co., Abu Dhabi’s largest listed company that’s overseen by a key member of the emirate’s royal family, is setting up a $1 billion reinsurance venture with BlackRock Inc. The yet-to-be-named firm will launch wit...

Posted: May 09, 2025

20 Charged in Alleged Theft of 126 Cars Worth $4.6 Million in NYC and Suburbs

New York law enforcement officials reported that 20 men and women have been indicted and charged with participating in a scheme to steal cars throughout New York City and its suburbs. The vehicles — which officials said were valued at …

Posted: May 09, 2025

New Mexico Utilities Tell Residents to Prepare for Outages When High Fire Risk is High

Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe that residents should be prepared to potentially lose power when high winds and dry conditions raise wildfire risk in their &#8...

Posted: May 09, 2025

New Mexico Utilities Tell Residents to Prepare for Outages When Fire Risk is High

Electric providers in New Mexico told the state’s utility regulator at citizens at a hearing on Thursday in Santa Fe that residents should be prepared to potentially lose power when high winds and dry conditions raise wildfire risk in their &#8...

Posted: May 09, 2025

Why Trump’s Plan to Stop Tallying Weather Losses Matters to the Insurance Industry

Extreme weather is an increasingly expensive problem in the US. Last year, fires, droughts and storms caused more than $182 billion in damages — but going forward, the federal government won’t be keeping track. The National Oceanic and Atmosphe...

Posted: May 09, 2025

FTX Lawsuit Against Tom Brady, Stephen Curry, Others Is Narrowed

A federal judge narrowed but stopped short of dismissing a lawsuit by investors seeking to hold celebrities like sports stars Tom Brady, Stephen Curry and Shohei Ohtani liable for promoting the collapsed cryptocurrency exchange FTX. The investors sai...

Posted: May 09, 2025

Deadly April Rainfall in South, Midwest Intensified by Climate Change, Scientists Say

Human-caused climate change intensified deadly rainfall in Arkansas, Kentucky, Tennessee and other states in early April and made those storms more likely to occur, according to an analysis released Thursday by the World Weather Attribution group of...

Posted: May 09, 2025

Citadel Lobbies for Four-Year Non-Competes in Home State of Florida

Ken Griffin’s Citadel is putting its Florida lobbying muscle behind an effort to allow four-year non-compete clauses and garden leaves in its home state, tightening employers’ hold on well-paid staffers and executives considering defectio...

Posted: May 09, 2025

Trump’s Migrant Crackdown Adds to Miami’s Real Estate Woes

President Donald Trump’s immigration crackdown is making it harder for foreigners to buy and rent homes, threatening a key pillar of Miami’s half-decade-long economic boom. Miami, like much of the US, had already been seeing a real estate...

Posted: May 09, 2025

Shedeur Sanders Fan Sues NFL for $100M Over Quarterback’s Draft Slide

When quarterback Shedeur Sanders slid to the fifth round of the 2025 NFL Draft, many football fans were left shocked that the much-hyped University of Colorado product was passed over time and again. Now one fan is suing the NFL …

Posted: May 09, 2025

EU Plan to Water Down ESG Rules Risks Wave of Litigation, Legal Scholars Warn

The European Union’s plan to slash the scope of new ESG regulations opens the door to a wave of litigation, as companies would no longer be required to act in a way that lives up to the bloc’s climate law. …

Posted: May 09, 2025

UK Sewage Crisis Leaves Beachgoers Sick and Frustrated

Charlie Clarke fell severely ill in late summer 2023 after a swim at Clevedon Marine Lake in southwest England while training for a Triathlon. The next day he collapsed on the street near his home and was taken to the …

Posted: May 09, 2025

Commercial Property Customers Cutting Insurance Corners Despite Risk

As weather-driven catastrophes become more common and severe, commercial property owners and the agents who serve them are reassessing risks and coverage to get more build for their buck. The new Nationwide Agency Forward Commercial Lines Protection...

Posted: May 09, 2025

Florida Wildlife Officers Kill 3 Black Bears After Fatal Attack on Man and Dog

JEROME, Fla. (AP) — Florida wildlife officers have killed three black bears in southwest Florida following a fatal attack on a man and a dog a day earlier, officials said Tuesday. DNA samples from the bears and the attack scene …

Posted: May 09, 2025

ALKEME Adds Maryland’s Becker Benefit Group

California-based insurance brokerage ALKEME announced its acquisition of Becker Benefit Group, an employee benefits agency based in Towson, Maryland. This marks ALKEME’s first acquisition in the state. Becker Benefit Group offers benefits, heal...

Posted: May 09, 2025