Insurance Journal
A consultant paid to review security at the official residence of Pennsylvania Gov. Josh Shapiro after it was firebombed by a late-night intruder said Friday that his team’s findings will not be made public. Retired state police Col. Jeffrey Mi...
Posted: May 05, 2025
Berkshire Hathaway said its auto insurer Geico has cut tens of thousands of jobs as part of its efforts to turn around a business that’s lagged behind peers. Berkshire’s Vice Chair of Insurance Operations Ajit Jain said Geico reduced the...
Posted: May 05, 2025
He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer lagging behind competitors...
Posted: May 05, 2025
The Washington State Department of Labor and Industries issued the first citations under a a new law regulating production quotas in warehouse workplaces. L&I fined The Safeway distribution center in Auburn $26,700 for several violations related...
Posted: May 05, 2025
This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Chris Accetta and David Geller welcome David Seaton, VP of Predictive Analytics and Modeling at IAT Insurance, to demystify artificial inte...
Posted: May 04, 2025
The high cost of living remains a main concern in America’s largest exacerbated by the January wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest with 9....
Posted: May 04, 2025
USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, w...
Posted: May 04, 2025
Elon Musk’s age of government efficiency has spread to Florida, with legislation that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many m...
Posted: May 04, 2025
The workers’ compensation market appears to be doing well again. Ahead of its annual “State of the Line” report to be released in early May, National Council on Compensation Insurance (NCCI) Chief Actuary Donna Glenn told Insurance...
Posted: May 04, 2025
These days, recruiters are floating a lot of different terms and conditions out there, from insurance agencies paying per resume to no money up front but six-month exclusivity. It can be confusing to know what’s standard and makes the most R...
Posted: May 04, 2025
Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cyc...
Posted: May 04, 2025
Being an expert in workers’ compensation has become a coveted differentiator for insurance agents and brokers. Unlike some of the more commoditized insurance lines, workers’ comp demands specialized knowledge-from industry-specific classi...
Posted: May 04, 2025
Soaring levels of civil unrest and political violence is a key concern for businesses of all sizes as well as for their insurers, according to a report published by Allianz Commercial. The impact of civil unrest or strikes, riots and …
Posted: May 04, 2025
Roof repair and replacement cost value totaled nearly $31 billion last year–up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more...
Posted: May 04, 2025
It shouldn’t be surprising that the number of reported cybercrime complaints to the feds rose again. Almost daily I hear from someone I know about a new threat, hack, or fishy AI call. The most recent was in my own …
Posted: May 04, 2025
After more than 25 years of counseling businesses on ways to improve worker safety, Steven Simon, senior risk control manager for Safety National, said the one piece of advice he could offer to any size organization wanting to improve their …
Posted: May 04, 2025
The 2025 presidential administration is likely to lead to changes for the healthcare liability landscape. Potential deregulation initiatives could ease administrative burdens on providers and improve efficiency; however, the potential impacts of thes...
Posted: May 04, 2025
Healthcare providers, insurers, and underwriters face potential shifts in healthcare liability regulations under the new presidential administration in 2025. Here are five key steps to help navigate these changes: 1. Stay Informed About Policy Shifts...
Posted: May 04, 2025
Recent FDA approval of suzetrigine, representing the first new class of pain medication in more than 20 years, is generating excitement among workers’ compensation professionals who have long been looking for a viable alternative to opioids. Su...
Posted: May 04, 2025
I find that most agency owners who call me regarding having their agency valued or developing a producer vesting program have no idea that important specific laws and regulations exist, even though these laws and regulations have been in place …...
Posted: May 04, 2025
With President Donald Trump now in his second term, several changes to the Occupational Safety and Health Administration (OSHA) are anticipated based on his previous administration’s approach, current policy signals, and the broader deregulator...
Posted: May 04, 2025
Healthcare organizations continue to find themselves at the forefront of cyber risk. Exposures such as IT supply chain dependencies, website tracking litigation, ransomware attacks, new security regulations, and data breach class actions put healthca...
Posted: May 04, 2025
Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative auto insurance option for mot...
Posted: May 04, 2025
Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the cong...
Posted: May 04, 2025
Hawaii lawmakers this week passed a bill intended to help shore up Hawaiian Electric Co.’s credit rating despite strong opposition from House and Senate committee chairs who helped vet the measure. The bill would impose a new fee on HECO …...
Posted: May 02, 2025