Insurance Journal
Cho Named Coalition’s Head of the West Region Coalition Inc. named Manny Cho as head of its west region. Cho joins Coalition with over three decades of experience in the insurance industry, most recently serving as executive vice president of &...
Posted: May 09, 2025
Cho Named Coalition’s Head of the West Region Coalition Inc. named Manny Cho as head of its west region. Cho joins Coalition with over three decades of experience in the insurance industry, most recently serving as executive vice president of &...
Posted: May 09, 2025
Lloyd’s of London has been told it must pay an extra $800,000 in prejudgment interest on a $2.5 million building fire loss payment to a community bank that it had wrongly denied coverage. A three-judge panel of the Massachusetts Appeals …
Posted: May 09, 2025
The Pennsylvania House of Representatives on Wednesday narrowly passed a measure to legalize recreational use of marijuana with purchases permitted only through shops run by the state. The vote, 102-101, was largely along party lines with Democrats p...
Posted: May 09, 2025
Global insurance broker Hub International Limited announced it has acquired the assets of EB Specialists Inc. dba Guru of Insurance. Guru of Insurance is an employee benefits firm located in King George, Virginia that provides clients in the region w...
Posted: May 09, 2025
The Catholic bishop of a New Jersey diocese said he would no longer oppose a state grand jury investigation of clergy sexual abuse that the church has been fighting behind closed doors in court for years. It’s not clear, however, …
Posted: May 09, 2025
Less than a month before hurricane season, the acting administrator of the Federal Emergency Management Agency has been fired. A spokesperson with FEMA offered no reason for the dismissal, but confirmed reports that Cameron Hamilton has been removed...
Posted: May 08, 2025
Los Angeles Mayor Karen Bass is navigating one of her city’s most challenging periods in decades. She’s facing a nearly $1 billion budget shortfall, the long recovery from January’s wildfires, and preparations for two of the world&#...
Posted: May 08, 2025
Connecticut-based Paragon Insurance Holdings announced that its specialty media and contingency platform, Reel Media Insurance Services, has acquired WISE Risk, a wholesaler for event-driven and specialty insurance products. WISE Risk, based in Needh...
Posted: May 08, 2025
Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he...
Posted: May 08, 2025
Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he...
Posted: May 08, 2025
Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by the wildfires in California—wer...
Posted: May 08, 2025
Cities across the US are sinking,and the problem is most pronounced in Texas, according to a new study. The research, which examined 28 cities and was published in science journal Nature on Thursday, found all of them were affected by …
Posted: May 08, 2025
Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 …
Posted: May 08, 2025
Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 …
Posted: May 08, 2025
Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, co...
Posted: May 08, 2025
U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. K...
Posted: May 08, 2025
Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Typhaine Beaupérin as client leader, Risk Management, Europe, effective end of June 2...
Posted: May 08, 2025
MIAMI (AP) — A South Florida jury has awarded $3 million to a man who was severely injured by a defective airbag in a 2020 crash. Miami-Dade jurors reached a verdict for Jose Hernandez on Thursday, according to court records. …
Posted: May 08, 2025
CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of u...
Posted: May 08, 2025
The family of a U.S. airman who was shot by a Florida sheriff’s deputy inside his own home sued the deputy, the sheriff and the owner of the airman’s apartment complex on Tuesday, saying they want to ensure people are …
Posted: May 08, 2025
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer b...
Posted: May 08, 2025
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer b...
Posted: May 08, 2025
A recent engineering report on a 46-year-old condominium building in Clearwater found no significant structural problems before cracks were found in a concrete support column this week, according to local news reports. The Tampa Bay Times and other n...
Posted: May 08, 2025
Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal fini...
Posted: May 08, 2025