Insurance Journal

Deadly Wildfires Ravage Southwest France as Heat Wave Builds

Wildfires ravaged vineyards and farms in southern France, leaving one person dead and forcing residents to flee as flames shut roads and cut power to thousands of homes. About 1,800 firefighters, assisted by aircraft, are working to control the outbr...

Posted: Aug 06, 2025

Update: Deadly Wildfires Ravage Southwest France as Heat Wave Builds

France’s biggest wildfire in about two decades ravaged vineyards and farms in southern France, leaving one person dead and forcing residents to flee. About 2,100 firefighters, assisted by aircraft, are working to control the blaze in the southw...

Posted: Aug 06, 2025

Hartford Flood Relief Program Gets $4.7 Million More to Meet Demand

Connecticut has approved $4.7 million in new funding for a program that helps homeowners, businesses and tenants in the city of Hartford’s neighborhoods recover from flooding. The Hartford Flood Compensation & Relief Programs (HFCRP) was la...

Posted: Aug 06, 2025

Residents Discover WV Lawmakers Eliminated Local Authority Over Data Centers

In late March, Pamela Moe was at her dining room table, skimming the local paper when something caught her eye. A legal notice, by a company she had never heard of, for a facility near the city of Thomas. Curious, …

Posted: Aug 06, 2025

Federal Judge Stops FEMA From Diverting Infrastructure, Disaster Mitigation Grants

A federal judge has granted the request of 20 states to block the Trump administration’s attempt to terminate a multibillion-dollar grant program meant for states’ infrastructure upgrades and disaster mitigation. U.S. District Judge Richa...

Posted: Aug 06, 2025

Wildfire Is Now California’s Largest of Year, And Is Threatening 870 Structures

A wildfire in California that has become the biggest fire in the state this year, prompting evacuation orders and threatening hundreds of structures, has grown to 83,933 acres. The fire, which started on Aug. 2 and covers San Luis Obispo …

Posted: Aug 06, 2025

California’s Largest Wildfire of 2025 Threatens 870 Structures

A wildfire in California that has become the biggest fire in the state this year, prompting evacuation orders and threatening hundreds of structures, has grown to 83,933 acres. The fire, which started on Aug. 2 and covers San Luis Obispo …

Posted: Aug 06, 2025

Global Insured Losses from Natural Disasters Could Top $150B in 2025: Swiss Re Report

Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …

Posted: Aug 06, 2025

Global Insured Losses From Natural Disasters Could Top $150B in 2025: Swiss Re Report

Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …

Posted: Aug 06, 2025

People Moves: Resilience Hires Riviezzo to Expand Broker Network; NFP Adds Nordeen to Lead C&I Busin...

Resilience, headquartered in New York City, named James C. Riviezzo as head of North American distribution and strategy. Riviezzo has over 25 years of industry experience, joining Resilience from At-Bay where he served as head of national broker rela...

Posted: Aug 06, 2025

Owners of Ship That Crashed Into Baltimore Bridge Sue Vessel’s Builder Hyundai

The owners of the cargo ship that crashed into the Francis Scott Key Bridge are suing the company that built the vessel, alleging negligence in the design of a critical switchboard on the ship. Grace Ocean Private and Synergy Marine …

Posted: Aug 06, 2025

Arrowhead’s Mile High Markets celebrates 40 years serving the rental vehicle industry

GREENWOOD VILLAGE, Colo., Aug. 6, 2025 — Mile High Markets, a specialty commercial auto program administered by Arrowhead General Insurance Agency, Inc. and supported by Arrowhead Programs, is marking 40 years of continuous service in the rental vehi...

Posted: Aug 06, 2025

Reliable Transportation Association Launches Lloyd’s Backed Physical Damage Program for Commercial A...

New Physical Damage coverage now available in Pennsylvania, Ohio, New Jersey, Illinois, California, and Texas; Georgia, Florida, and additional states to follow. Warminster, PA., August 5, 2025 — Reliable Transportation Association (RTA) is a p...

Posted: Aug 06, 2025

Howden Re Granted License to Operate From Dubai International Financial Centre

Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has secured a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial...

Posted: Aug 06, 2025

A Major Infrastructure Upgrade for Antarctica — Backed by Surety

This post is part of a series sponsored by Old Republic Surety. Antarctica is one of the most remote and isolated places on Earth. As the coldest and windiest continent on the planet according to the United States Antarctic Program, …

Posted: Aug 06, 2025

Arthur J. Gallagher & Co. Acquires Australian Broker MACK Insurance Services

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a...

Posted: Aug 06, 2025

UK Firms Hire Contractors Instead of Employees to Cut Tax Bills

UK businesses are turning to the self-employed in an effort to rein in costs as they try to navigate Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.5 billion) payroll tax hike. Advertised contract jobs have risen 22% since April, &...

Posted: Aug 06, 2025

Does Care by Advanced Practitioners Result in Different Workers Comp Outcomes?

A newly released decade-long study by the Workers’ Compensation Research Institute (WCRI) indicates that claims initiated by nurse practitioners and physician assistants didn’t lead to negative outcomes and suggested some benefits when co...

Posted: Aug 06, 2025

US to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet

President Donald Trump’s administration proposed a rule to allow more commercial drones to fly beyond an operator’s visual line of sight, a potential boon for companies such as Alphabet Inc.’s Wing unit and Walmart Inc. pushing to d...

Posted: Aug 06, 2025

Delay in Upping Its Claims Offer Could Cost AIG, Federal Appeals Court Says

AIG could pay dearly for refusing to budge on a claim settlement offer of $2.65 million for nearly a year after receiving estimates that a jury would likely award the claimant $7.5 million for her injuries. A jury did eventually …

Posted: Aug 06, 2025

California Workers’ Comp Rating Bureau Says Recent Rate Declines Flattened

Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …

Posted: Aug 05, 2025

Third Point UK Investors Should Reject Reinsurance Deal, ISS Says

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …

Posted: Aug 05, 2025

Tesla, Musk Sued by Shareholders Over Robotaxi Claims

Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Mond...

Posted: Aug 05, 2025

Michigan Financial Advisor Charged With Insurance Fraud

A Michigan financial advisor was charged with four counts of insurance fraud, each a four-year felony, Attorney General Dana Nessel announced last week. Todd Bernstein, 67, of Birmingham, was arraigned on July 30 before Magistrate Julie Nelson-Klein...

Posted: Aug 05, 2025

Companies Spending Record Amounts to Protect Executives as Threats Rise

U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months. Corporations have doubled the...

Posted: Aug 05, 2025