Insurance Journal
Voters in Alaska, Missouri and Nebraska were asked last year whether they wanted to require employers to provide paid sick leave to their workers. They overwhelmingly said yes. Now some lawmakers in each of those states are trying to roll …
Posted: May 02, 2025
Texas Mutual Insurance Company announced that its board of directors voted unanimously to approve a $330 million general dividend distribution in 2025. Texas Mutual, the state’s top provider of workers’ compensation insurance will have di...
Posted: May 02, 2025
Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning …
Posted: May 02, 2025
At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new technologies. His team has implem...
Posted: May 02, 2025
Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, s...
Posted: May 02, 2025
Attendees of the RIMS’ Riskworld annual conference in Chicago will have an opportunity to meet a cohort of aspiring risk management professionals, who are participating in a global university competition. Teams from eight colleges around the wo...
Posted: May 02, 2025
Uber Technologies said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, starting with Arlington, Texas, by late 2025. This adds...
Posted: May 02, 2025
A new paper from Zurich calls out an “alarmingly bleak” outlook thanks to climate change driving the frequency and intensity of extreme weather and increasing the likelihood of natural catastrophes. However, the paper takes an optimistic...
Posted: May 02, 2025
In a first-of-its kind move, Hawaii lawmakers are ready to hike a tax imposed on travelers staying in hotels, vacation rentals and other short-term accommodations and earmark the new money for programs to cope with a warming planet. State leaders ...
Posted: May 02, 2025
Britain’s Marks & Spencer entered a second week unable to take online clothing and home orders on Friday following a major cyberattack, hitting sales of new season ranges as the country basks in record temperatures. Some 700 million pounds...
Posted: May 02, 2025
Adult children and parents of young adults who died under medical care will soon be able to recover punitive and pain-and-suffering damages in medical malpractice lawsuits if Florida Gov. Ron DeSantis signs a bill into law. The Florida Senate approve...
Posted: May 02, 2025
During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said the all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance,...
Posted: May 02, 2025
Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC. Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative r...
Posted: May 02, 2025
Liberty Mutual Insurance has announced a multiyear partnership with the New York Liberty women’s basketball team. As part of the partnership, the Liberty Mutual logo will be prominently displayed on all Liberty jerseys beginning with the 2025 s...
Posted: May 02, 2025
Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, th...
Posted: May 02, 2025
Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London’s Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular …...
Posted: May 02, 2025
London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber attack on a UK retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, pu...
Posted: May 02, 2025
Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding ̷...
Posted: May 02, 2025
Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annu...
Posted: May 02, 2025
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insuranc...
Posted: May 02, 2025
Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insuranc...
Posted: May 02, 2025
California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Ser...
Posted: May 02, 2025
Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s p...
Posted: May 02, 2025
Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 …
Posted: May 02, 2025
American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago. First quarter underwriting income in AIG’s General Insurance segment—North America co...
Posted: May 01, 2025