Insurance Journal

Hong Kong Sets Rainfall Record as Deluge Disrupts Flights

Hong Kong set a rainfall record for August after violent storms lashed the city on Tuesday, leading to flight delays and commuter chaos. About 356 millimeters (14 inches) of precipitation was recorded at the Hong Kong Observatory’s headquarters...

Posted: Aug 05, 2025

How SIU Is Saving Over 1,000 Hours a Year by Automating Their Inbox

This post is part of a series sponsored by Expert Insured. Southern Insurance Underwriters (SIU) handles a high volume of emails every day – from submissions and endorsements to cancellations and quote requests. For a long time, those emails were &#8...

Posted: Aug 05, 2025

Air Lease Profit, Revenue Rise on Insurance Payout and Aircraft Demand

Aircraft lessor Air Lease Corp. reported a rise in second-quarter profit and revenue on Monday, due to a $344 million insurance claim settlement plus robust aircraft rental demand. Aircraft lessors have benefited from strong lease rates as airlines r...

Posted: Aug 05, 2025

Trump Media CEO Nunes Loses Defamation Lawsuit Over Rachel Maddow Show

A federal judge dismissed a defamation lawsuit by Devin Nunes, the former California congressman and now chief executive of Trump Media and Technology Group, against NBCUniversal over a comment by Rachel Maddow about his dealings with a suspected Rus...

Posted: Aug 05, 2025

US Weather Boss During ‘Sharpiegate’ Nears Return to NOAA

Days after floods killed at least 135 people in Texas Hill Country, weather scientist Neil Jacobs appeared before a Senate committee as the nominee to lead the US agency that oversees forecasting. He vowed to create a cutting-edge weather modeling &#...

Posted: Aug 05, 2025

Fla. Insurance Agent Charged With Premium Theft Now in Prison, Has Paid Restitution

A high-profile southwest Florida insurance agent who pleaded “no contest” to absconding with thousands of dollars in premiums has been sentenced to just over a year in prison. Reid J. McDaniel, 33, of North Fort Myers, was charged a year...

Posted: Aug 05, 2025

Trump Media CEO Nunes loses defamation lawsuit over Rachel Maddow show

A federal judge dismissed a defamation lawsuit by Devin Nunes, the former California congressman and now chief executive of Trump Media and Technology Group, against NBCUniversal over a comment by Rachel Maddow about his dealings with a suspected Rus...

Posted: Aug 05, 2025

California Defense Contractor and Private Equity Firm to Pay $1.75M Over Cybersecurity

Two California companies agreed to pay $1.75 million for failing to comply with cybersecurity requirements in an Air Force contract. Defense contractor Aero Turbine Inc., in Stockton, California, and private equity company Gallant Capital Partners LL...

Posted: Aug 05, 2025

People Moves: Aon Promotes West CCO Yim to Northern California Market Leader

Aon named Shelley Yim Northern California market leader. Yim has more 15 years of experience at Aon, currently serving as chief client officer for the West Region. She previously held regional leadership roles and managed global risk management clien...

Posted: Aug 05, 2025

Parrish Named CEO of Howden U.S., Is Sued by Former Employer Marsh

Mike Parrish has been named the chief executive officer of Howden U.S., a new U.S. retail broking business of Howden, and he will start in September subject to his “fulfillment of relevant contractual obligations.” Meanwhile, Parrish—prev...

Posted: Aug 04, 2025

Parrish Named CEO of Howden US, Is Sued by Former Employer Marsh

Mike Parrish has been named the chief executive officer of Howden U.S., a new U.S. retail broking business of Howden, and he will start in September subject to his “fulfillment of relevant contractual obligations.” Meanwhile, Parrish—prev...

Posted: Aug 04, 2025

Beijing Faces More Torrential Rainfall Days After Deadly Floods

Beijing is getting drenched by another round of heavy rain, one week after torrential downpours across parts of the Chinese capital unleashed flooding that claimed at least 44 lives. The city’s meteorological service elevated its rainstorm warn...

Posted: Aug 04, 2025

Business Moves: Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations; Optio Comple...

Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations Specialist Risk Group (SRG), the London-based global insurance intermediary, announced it has completed the acquisition of German broker Ecclesia’s businesses in the N...

Posted: Aug 04, 2025

People Moves: Liberty GTS Names Remsen Head of East, Americas; Black Named National Property Leader...

Liberty GTS Appoints Remsen Head of East in the Americas Region Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, promoted Jason Remsen to head of East, Americas. He will be based in New York City. Remsen has experience &#...

Posted: Aug 04, 2025

People Moves: BHSI Launches Program Business in Canada Led by Tran; Aspen Promotes Cushway as Head o...

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire Hathaway...

Posted: Aug 04, 2025

People Moves: BHSI Launches Program Business in Canada, Led by Tran; Aspen Promotes Cushway as Head...

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire H...

Posted: Aug 04, 2025

Senate Confirms Anti-DEI Stalwart Lucas to Second Term at EEOC

The Senate confirmed Andrea Lucas to another term as commissioner of the country’s workplace civil rights agency, demonstrating firm Republican support for her efforts to root out diversity programs, roll back protections for transgender worker...

Posted: Aug 04, 2025

United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO

United Risk has acquired specialized property/casualty managing general agent Verita CSG, Inc. from global risk advisor WTW and rebranded the venture as Verist LLC. Industry veteran Michael Chang will become CEO of Verist, now based at 50 Rockefeller...

Posted: Aug 04, 2025

How an Alleged Ponzi Scheme Left Investors and Politicians in the South Reeling

CEDARTOWN, Ga. (AP) — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He’s looking to claw …

Posted: Aug 04, 2025

California Wildfire Burns 65,000 Acres in Los Padres Forest, Prompts Evacuations

A wildfire in California has prompted evacuation orders and threatened hundreds of structures. The wildfire has grown to 65,062 acres, and was only 3% contained. Firefighters have been battling the Gifford fire in Santa Barbara and San Luis Obispo Co...

Posted: Aug 04, 2025

Mississippians Have Little Time Left to Intervene in Gas Pipeline Proposal

Mississippians have until Tuesday to intervene in a proposal for a natural gas pipeline that would span nearly the full width of the state. The pipeline, called the “Mississippi Crossing Project,” would start in Greenville, cross through...

Posted: Aug 04, 2025

USI Acquires Oklahoma’s Rogers Insurance Center

USI Insurance Services announced the acquisition of Miami, Oklahoma-based Rogers Insurance Center. Founded in 1997, Rogers Insurance Center is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the...

Posted: Aug 04, 2025

Wisconsin Paper Manufacturer Cited for Safety Violations

The U.S. Department of Labor has cited an Appleton, Wisconsin paper products manufacturer for allegedly exposing employees to dangerous energy and machine guarding hazards after an employee suffered two finger-tip amputations. Investigators with the...

Posted: Aug 04, 2025

Texas Senate Passes Bill to Ban THC, Setting Up Showdown with House

The Texas Senate on Friday approved its second attempt to ban hemp-derived THC, setting up a showdown with the House, where hemp industry members say they’ll be getting more support. Senate Bill 5 by Sen. Charles Perry, R-Lubbock passed the &#8...

Posted: Aug 04, 2025

Crane Provider to Pay $525K After Workers Used Racial Slurs, Displayed Nooses

TNT Crane & Rigging, Inc., one of the largest crane service providers in North America, will pay $525,000 and furnish other relief to settle a racial harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EE...

Posted: Aug 04, 2025