Insurance Journal

EU Votes to Curb China’s Access to Medical Device Procurement

The European Union agreed overwhelmingly to curb Chinese medical device manufacturers’ access to public procurement contracts in the bloc, according to people familiar with the matter. EU countries voted Monday on the measure, which will ban ac...

Posted: Jun 02, 2025

EU Says it Will Make Strong Case for US Tariff Cuts This Week

The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminum to 50%. European …

Posted: Jun 02, 2025

People Moves: Lloyd’s Makes Executive Team Changes

Lloyd’s, headquartered in London, the world’s leading marketplace for insurance and reinsurance market for global risk, made several new appointments and updates to its executive team. Rachel Turk is appointed as chief of market performan...

Posted: Jun 02, 2025

People Moves: BevCap Names Dinardo as SVP of Captive Operations

BevCap Management, a program manager for casualty and medical stop loss captive insurance companies in multiple domiciles, announced that Dawn Dinardo has joined its team as SVP of Captive Operations. With nearly 20 years of experience in captive ins...

Posted: Jun 02, 2025

Northern US Mayors Call for End to ‘Irrational’ Trade War With Canada

Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities and upended one of the world’s most successful economic re...

Posted: Jun 02, 2025

Inmates Clear Tornado Damage to Free Oklahoma Family Stuck for Over a Week

A work crew of incarcerated people cleared the way for a woman and her three children to finally leave their rural Oklahoma property more than a week after a tornado caused widespread damage, state officials said. The crew was still …

Posted: Jun 02, 2025

Texas Lawmakers Spike Bills to Study, Restrict PFAS

FORT WORTH — Rising public concern in Texas over PFAS, or “forever chemicals” linked to cancer, infertility and immune disorders sparked lawmakers to file half a dozen bills to study the chemicals, regulate them in sewage sludge and ban t...

Posted: Jun 02, 2025

Google to Spend $500M Revamping Compliance in Shareholder Settlement

Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show. The preliminary settlement of so-called deriv...

Posted: Jun 02, 2025

Army Corps Finds Great Lakes Pipeline Tunnel Would Have Major Environmental Impacts

Building an underground tunnel for an aging Enbridge oil pipeline that stretches across a Great Lakes channel could destroy wetlands and harm bat habitats but would eliminate the chances of a boat anchor rupturing the line and causing a catastrophic...

Posted: Jun 02, 2025

LA City Council Passes Budget That Trims Fire, Police Spending

The Los Angeles City Council approved a $13.9 billion budget proposal for the next fiscal year on Friday, trimming Mayor Karen Bass’s plans to increase public safety spending, in an effort to reduce layoffs amid a nearly $800 million deficit. &...

Posted: Jun 02, 2025

Newark Airport Runway to Reopen Monday After Construction

A runway at Newark Liberty International Airport will reopen on Monday nearly two weeks ahead of schedule following several chaotic weeks of equipment outages, runway construction and air traffic control staffing shortages that caused flight cancella...

Posted: Jun 02, 2025

Funding Cuts Threaten Safety Training for Workers in America’s Most Dangerous Jobs

By the time Robbie Roberge spotted the fire consuming his boat’s galley last August, he knew he had just minutes to evacuate his beloved Three Girls fishing vessel, named for his daughters. As the flames spread up the boat’s walls, &#8230...

Posted: Jun 02, 2025

Administration Reverses Course on Planned Closure of Mine Safety Offices

CHARLESTON, W.Va. (AP) — The Trump administration is dropping plans to terminate leases for 34 offices in the Mine Safety and Health Administration, the agency responsible for enforcing mine safety laws, the Department of Labor said Thursday. Earlier...

Posted: Jun 02, 2025

Supreme Court Leaves Intact ‘Assault Weapons’ Bans for Now

A divided US Supreme Court declined to consider a new expansion of constitutional gun rights, turning away challenges to a Maryland ban on so-called assault weapons and a Rhode Island prohibition on high-capacity magazines. The justices left intact f...

Posted: Jun 02, 2025

1 Dead, Several Injured When More Storms Rip Through Kentucky, Southeast

SPRINGFIELD, Ky. (AP) — Another storm hit parts Kentucky, Tennessee, West Virginia and Virginia Friday, killing one person and injuring seven others. In Kentucky, Washington County Judge-executive Timothy Graves said two or three houses were destroye...

Posted: Jun 02, 2025

Police Say Driver Had 2X Legal Blood Alcohol Level in Deadly Yellowstone Crash

The driver of a pickup that crashed into a tour van near Yellowstone National Park this month, killing seven people, had a blood alcohol level more than twice the legal limit for driving, police said. The driver, identified previously as …

Posted: Jun 02, 2025

Rate Moderation Continues During June’s Property-Cat Renewals: Howden Re

Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the reinsurance and advisory arm of Howden. While rate moderatio...

Posted: Jun 02, 2025

Skechers Shareholder Sues Footwear Maker for Details on $9.4B 3G Buyout

A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.&#8221...

Posted: Jun 02, 2025

New England Patriots to Pay $2.1 Million to Settle App Users’ Privacy Claims

A federal district court judge in Boston has granted preliminary approval to a $2.16 million settlement between the New England Patriots organization and a class of fans who claim their personally identifiable information (PII) was shared without the...

Posted: Jun 02, 2025

Johnson & Johnson to Acquire Indemnity Excess & Surplus Agency Inc.

CHARLESTON, SC., June 02, 2025 – Johnson & Johnson Inc. (J&J) continues the expansion of its footprint by acquiring the assets of Indemnity Excess & Surplus Agency Inc (IES). The parties completed the transaction effective June 1, 2025. B...

Posted: Jun 02, 2025

Keeping a Pulse on Agency Performance with EZLynx Reporting and Analytics

This post is part of a series sponsored by EZLynx. Performance data is one of the most powerful tools an independent agency can use to stay competitive—but only when it’s timely and easy to understand. Outdated spreadsheets, static end-of-month...

Posted: Jun 02, 2025

Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise

Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast gu...

Posted: Jun 02, 2025

Highways Baking at 158F Signal a Red-Hot Summer From China to the US

In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for...

Posted: Jun 02, 2025

European Utilities Rush to Hedge Against Acute Wind Drought

After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought &#...

Posted: Jun 02, 2025

When a Neighborhood Floods, Foreclosures Often Follow

As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …

Posted: Jun 02, 2025