Insurance Journal
Rivian Automotive Inc. is investing $120 million in a new supplier park in Illinois, another win for Governor JB Pritzker after the company announced a $1.5 billion plan to expand its plant in the state. The 1.2 million-square-foot park in …
Posted: May 06, 2025
Encova Insurance, headquartered in Columbus, Ohio, hired Ramu Lingala as the successor to Tony Laska, executive vice president and chief information officer. Laska announced his plans for retirement at the end of 2025 last year. Lingala joined Encova...
Posted: May 06, 2025
Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to first quarter 2025 results of the Ivans Index. Compared to fourth quarter 2024, all lines experienced a decrease in averag...
Posted: May 06, 2025
Aon Promotes Lyons to Bermuda CEO of Reinsurance Insurance broker Aon plc announced that Amanda Lyons had been appointed CEO of Aon Reinsurance Solutions Ltd. in Bermuda, effective July 1. The appointment is subject to regulatory and immigration appr...
Posted: May 06, 2025
A net 30,000 New Yorkers fled the city for Florida’s Palm Beach and Miami-Dade counties in the five years through 2022, taking with them a combined $9.2 billion in income, a new report shows. The two Florida counties gained households …
Posted: May 06, 2025
(THE CONVERSATION) The National Hurricane Center‘s forecasts in 2024 were its most accurate on record, from its one-day forecasts, as tropical cyclones neared the coast, to its forecasts five days into the future, when storms were only beginnin...
Posted: May 06, 2025
Burger King must face a lawsuit claiming it misleads customers with advertisements that make its Whopper sandwich and other products appear larger than they are. In a decision on Monday, U.S. District Judge Roy Altman in Miami found it plausible R...
Posted: May 06, 2025
Marsh, a business of Marsh McLennan headquartered in New York City, appointed Jim Dunn as U.S. construction practice leader. Based in Atlanta, Georgia, Dunn will report to Michael Pellegrini, U.S. and Canada specialty leader, Marsh. Dunn has over 30...
Posted: May 06, 2025
Marsh, a business of Marsh McLennan headquartered in New York City, appointed Jim Dunn as U.S. construction practice leader. Based in Atlanta, Georgia, Dunn will report to Michael Pellegrini, U.S. and Canada specialty leader, Marsh. Dunn has over 30...
Posted: May 06, 2025
Insurtech Lemonade reported a first quarter 2025 net loss of about $62.4 million compared to a loss of $47.3 million a year ago during the same time. The decline, according to a letter to shareholders, was due primarily to losses …
Posted: May 06, 2025
Mutual of Enumclaw, hired insurance industry veteran Bob Otis as its new president and CEO. Otis has more than 30 years of executive-level experience in property/casualty insurance with several firms, including Allstate, USAA and National Lloyds. Mos...
Posted: May 06, 2025
Air traffic controllers overseeing planes at Newark International Airport in New Jersey lost contact with aircraft for 30 seconds last week, U.S. Transportation Secretary Sean Duffy said on Monday. “The primary communication line went down, the...
Posted: May 06, 2025
DoorDash Inc. is committing $5 million to back political candidates in New York City and state-level races in New Jersey this year, becoming the latest technology company to disclose its lobbying efforts ahead of local elections in the tristate area....
Posted: May 06, 2025
Earnix, the software-as-a-service (SaaS) specialist, announced it has signed a definitive agreement to acquire Zelros, the Paris-based insurtech and developer of artificial intelligence solutions. Financial details of the deal were not disclosed. By...
Posted: May 06, 2025
Connecticut Attorney General William Tong has secured a $4.93 million judgment against Planet Zaza of East Haven and its owner, Mohamed Alraishani, following “persistent illegal cannabis sales in spite of a court order and repeated law enforcem...
Posted: May 06, 2025
Cyberattacks on Britain’s Marks & Spencer and Co-op Group started with hackers impersonating employees while contacting the retailers’ IT help desks, technology specialist site BleepingComputer reported. The site said the hackers were...
Posted: May 06, 2025
This post is part of a series sponsored by AgentSync. Distribution channel management relies on real-time producer data For insurance organizations looking to optimize their distribution channel management, having access to accurate, up-to-the-day pr...
Posted: May 06, 2025
The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since the second quarter 2020, according to investment banking and financial consulting firm OPTIS Partners. The total number of insurance agency me...
Posted: May 06, 2025
Money laundering and cyber risks remained high in Switzerland, the head of the country’s financial market regulator said on Monday, while there was an increasing risk of individuals and trying to get around financial sanctions on Russia. Money-...
Posted: May 06, 2025
Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill 1549 into law. But a separa...
Posted: May 06, 2025
Oregon saw a drop in worker deaths last years, according to newly released data from the state’s Department of Consumer and Business Services. But despite the overall decline, the numbers show that certain industries—particularly logging and co...
Posted: May 06, 2025
A former Massachusetts state police sergeant was found guilty Friday of taking part in a scheme to take bribes, including a new snowblower and a driveway, in exchange for giving passing scores on commercial driving tests. Gary Cederquist, 59, of R...
Posted: May 06, 2025
Global insurance broker Hub International Limited reported it has acquired the assets of Allegiant Global Partners, Inc. (AGP) of Boston. AGP is a health, welfare and risk consulting firm serving global employers. AGP serves the needs of internationa...
Posted: May 06, 2025
TeleMessage, the message-archiving app that former National Security Adviser Michael Waltz appeared to be using in a photograph of him communicating with other Trump administration officials, is investigating whether hackers exploited its technology....
Posted: May 05, 2025
Members of a high school lacrosse program in upstate New York are accused of staging an armed abduction of younger players in a stunt that “went way beyond hazing,” prosecutors said this week. All 11 people believed to be involved …
Posted: May 05, 2025