Insurance Journal

Questions About How a Deputy’s Stepson Became the Accused Gunman at FSU Shooting

TALLAHASSEE, Fla. (AP) — Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety a...

Posted: Apr 21, 2025

Applied Underwiters Completes Spin-Off of United Risk

Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (M...

Posted: Apr 21, 2025

Business Moves: Applied Underwriters Completes Spin-Off of United Risk

Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (M...

Posted: Apr 21, 2025

White House Seeks to Bring Financial Regulators Under Its Sway

The White House is stepping up its efforts to bring independent agencies — including the Securities and Exchange Commission and the Commodity Futures Trading Commission — under its control, requiring allies of President Donald Trump to approve all ne...

Posted: Apr 21, 2025

Trump Tariff Worries Spur Record Overseas Demand for Japanese Government Bonds

The longest-dated Japanese government bonds attracted record foreign demand last month as money shifted out of U.S. debt in search of other safe havens as President Donald Trump’s aggressive tariffs sparked concerns of a U.S. recession. Oversea...

Posted: Apr 21, 2025

India Plans to Ease Nuclear Liability Laws to Attract Foreign Firms, Sources Say

India is planning to ease its nuclear liability laws to cap accident-related penalties on equipment suppliers, three government sources said, in a move mainly to attract U.S. firms that have been holding back due to the risk of unlimited exposure. &#...

Posted: Apr 21, 2025

Norfolk Southern and OxyVinyls Reach Agreement on $600M Settlement

Norfolk Southern reached an agreement with one of two companies about how much each side will help pay for a $600 million class-action settlement, which the railroad agreed to after the disastrous 2023 Ohio train derailment and toxic chemicals that &...

Posted: Apr 21, 2025

Florida Bill Advances, Would End Board of Engineering, Other Professional Agencies

Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, acc...

Posted: Apr 21, 2025

Florida Bill Advances, Would End Board of Engineers, Other Professional Agencies

Elon Musk’s age of government efficiency has spread to Florida, with legislation advanced last week that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, acc...

Posted: Apr 21, 2025

Bayer Lobbies States in Battle to Keep Glyphosate on Market, CEO Says

Bayer is lobbying U.S. states to adjust their regulations in the battle to control costly litigation targeting its herbicide glyphosate but is also prepared for a possible exit from the market, the group’s CEO said on Thursday. Facing weak earn...

Posted: Apr 21, 2025

Gov. Hochul’s Proposed Regulatory Changes to Workers’ Comp Treatment

In her 2025 State of the State, Gov. Kathy Hochul outlined several proposals aimed at improving access to medical care within the New York State Workers’ Compensation system. These initiatives, detailed in her “Fighting for Your Family&#8...

Posted: Apr 21, 2025

High Cost of Living Fears We’re Made Worse by LA Wildfire in UCLA Survey

The high cost of living remains a main concern in America’s largest exacerbated by the January 2025 wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest wi...

Posted: Apr 21, 2025

Tesla Settles Employee’s California Suit Alleging Pervasive Harassment

Tesla settled a racial discrimination lawsuit by a Black female employee who claimed a manager at its Fremont, California, plant sometimes greeted workers by saying “welcome to the plantation” or “welcome to the slave house.”...

Posted: Apr 21, 2025

Navion Acquires P/C Business of Instasure in California

Navion insurance Associates Inc. acquired the property/casualty book of business from Instasure in California. Instasure is an insurance agency that specializes in serving the commercial insurance needs of clients. Navion Insurance Associates is base...

Posted: Apr 21, 2025

New York’s Delayed Retail Worker Safety Act Goes into Effect June 2

Originally set to go into effect Jan. 31, New York’s new law offers workers more protections against workplace violence and harassment. The Retail Worker Safety Act (S. 8358B/A. 8947C), signed by Gov. Kathy Hochul (D) on Sept. 4, 2024, requires...

Posted: Apr 21, 2025

FDA Suspends Food Safety Quality Checks After Staff Cuts

The Food and Drug Administration is suspending a quality control program for its food testing laboratories as a result of staff cuts at the Department of Health and Human Services, according to an internal email seen by Reuters. The proficiency &#823...

Posted: Apr 21, 2025

Delivery Company Must Repay $2M for Workers’ Comp Scheme

A Los Angeles, California, couple was sentenced after an investigation reportedly found they underreported more than $21 million in employee payroll for their delivery companies. John Nemandoust, 70, was sentenced to 60 days in county jail, and Annet...

Posted: Apr 20, 2025

Dueling Regulators: Florida OIR Slams DFS in Effort to Combine Agency Insurance Oversight. DFS Pushe...

In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consu...

Posted: Apr 20, 2025

What Young Agents Think Makes a Good Work Environment

1. Having a leadership team that believes in you and wants to see you succeed, along with fair compensation. 2. Flexibility, compensation, leadership. 3. Culture. We want a culture of people who want to win but also enjoy having fun …

Posted: Apr 20, 2025

Perpetuation Planning – Part One

Perpetuation planning should begin long before owners want to retire. The four major techniques to transfer ownership of a business are: • Internal sale to key employees, includ- ing family members. • Sale of the business to an outside firm. …

Posted: Apr 20, 2025

What Young Agents Like Most

1. Being my own boss, working as much as I want. When you are commission based you make your money, so you hustle. I worked 24/7. And loved it. I am career focused. 2. I thoroughly enjoy the relationships that …

Posted: Apr 20, 2025

3 Emerging Risks to Watch: 6G Wireless Technology, Autonomous Trucks, Kratom

It seemed not so long ago that many wireless carriers were in a race to 5G, touting the speed of their networks to consumers. Now, the successor to that network is in development and could bring a bounty of potential …

Posted: Apr 20, 2025

Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs Say

By L.S. Howard Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with prof...

Posted: Apr 20, 2025

Profile of Young Agents

Older Side of Young 62.6% are 31 to 40 years old 37.4% are 30 and under Career Choice 78.5% consider insurance to be a permanent career choice 15.1% are unsure 79.8% would recommend career choice to another young person 9.6% …

Posted: Apr 20, 2025

What Young Agents Think About the P/C Industry

Excellent Good Fair Poor Customer service 19.3% 59.6% 19.7% 1.4% Public image 17.8% 29.6% 33.3% 19.3% Treatment of employees 20.6% 50.9% 27.1% 1.4% Professionalism 24.9% 62.4% 10.3% 2.4% Ethics 26.4% 43.4% 25.9% 4.3% Career attractiveness to young pr...

Posted: Apr 20, 2025