Insurance Journal
A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …
Posted: Apr 06, 2025
Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald Trump̵...
Posted: Apr 04, 2025
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon...
Posted: Apr 04, 2025
This post is part of a series sponsored by Expert Insured. Managing the entire insurance lifecycle can be a daunting task for MGAs and wholesalers, with processes spanning from underwriting to policy issuance and accounting. Expert Insured is a compr...
Posted: Apr 04, 2025
Brown & Riding, headquartered in Dallas, hired Robert Conyers Jr., to lead B&R’s environmental practice with Jeff Hubbard. With over eight years of industry experience, Conyers joined Brown & Riding in 2017 and was named a principal...
Posted: Apr 04, 2025
Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledge...
Posted: Apr 04, 2025
A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton area, had …
Posted: Apr 04, 2025
Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak Re has been authorized to write both property/casualty and life & health business, which the company said “m...
Posted: Apr 04, 2025
The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said. Lavey has 35 years of experience in insurance and technology, including the past 19 years at Th...
Posted: Apr 04, 2025
The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one. In addition to always-on threat monitorin...
Posted: Apr 04, 2025
Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers are routine in the offshore …
Posted: Apr 04, 2025
Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.” F...
Posted: Apr 04, 2025
Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. Natio...
Posted: Apr 04, 2025
Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday. Generali in January...
Posted: Apr 04, 2025
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments...
Posted: Apr 04, 2025
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments...
Posted: Apr 04, 2025
French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covéa Group’s acquisition of PartnerRe in 2022. SCOR said it firml...
Posted: Apr 04, 2025
Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration policies fuel worries among businesses about higher costs, reduced demand and labor shortages, acco...
Posted: Apr 04, 2025
Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud. The software company has recently halted &...
Posted: Apr 04, 2025
A report published this week by a Washington, D.C.-based think tank ranks Louisiana as the worst state for social mobility, and links the state’s lawsuit abuse climate as a factor for why many residents never get ahead. Archbridge Institute pub...
Posted: Apr 04, 2025
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decisio...
Posted: Apr 04, 2025
Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing sig...
Posted: Apr 04, 2025
The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …
Posted: Apr 04, 2025
Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompa...
Posted: Apr 04, 2025
A Florida House of Representatives panel went straight to the source of a consultant’s report that has caused widespread concern among lawmakers about insurance company profit-shifting. But the hour-long, web interview with Arizona-based consul...
Posted: Apr 04, 2025