Insurance Journal
While Allstate’s CEO Tom Wilson named GEICO and Progressive when asked about the ability to grow auto insurance in 2025 as competitors do the same, no one on Allstate or Progressive’s earning calls addressed competition from Lemonade. The...
Posted: Apr 02, 2025
Macy’s Inc. is clawing back more than $600,000 in cash bonuses from executives after an accounting scandal led to inflated pay. The department-store operator tied executives’ cash bonuses to an earnings metric that turned out to be overst...
Posted: Apr 02, 2025
Cyber risk analytics firm CyberCube in a report said the cyber insurance market continues to underserve small businesses although these businesses represent a significant share of the global economic output. “This protection gap presents both a...
Posted: Apr 02, 2025
NEW YORK (AP) — A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a …
Posted: Apr 02, 2025
A woman is facing multiple charges after she crashed into a family out for a walk in Brooklyn, killing a mother and her two children in what New York City Mayor Eric Adams described as a “tragic accident of a …
Posted: Apr 02, 2025
The UK government will pass legislation compelling companies providing IT services to critical national infrastructure to improve their cyber defenses after a wave of attacks by Russia, China, Iran and North Korea. As many as 1,000 firms will fall un...
Posted: Apr 02, 2025
North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...
Posted: Apr 02, 2025
North Korean IT workers are increasingly posing as remote freelancers from other countries to infiltrate companies in Europe, putting organizations at risk of espionage, data theft and disruption. The workers, who refer to themselves as “warrio...
Posted: Apr 02, 2025
Swiss financial market watchdog FINMA has revamped its organizational structure with immediate effect, the regulator said on Tuesday, as it gears up for future challenges including supervision of the enlarged UBS. Switzerland has pledged to step up r...
Posted: Apr 02, 2025
The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s financial industry billions of pounds in fresh legal costs and potential customer compensation. The Court of Appeal ruled in...
Posted: Apr 02, 2025
Italy’s insurance regulator IVASS needs more details about internal control and governance systems as it reviews domestic leader Generali’s proposed asset management tie-up with French bank BPCE, two sources close to the matter told Reute...
Posted: Apr 02, 2025
Sweden’s largest insurer Folksam said on Wednesday it has sold its stake in electric car maker Tesla over concerns about the company’s stance on workers’ rights. Tesla, headed by billionaire Elon Musk, is facing a backlash from unio...
Posted: Apr 02, 2025
UK home and motor insurance firm Esure Group Plc sees further growth in the country after a £200 million ($258 million) revamp program, according to its Chief Executive Officer David McMillan. The company, backed by private equity firm Bain Capital,...
Posted: Apr 02, 2025
Democrats on the U.S. House of Representatives oversight committee opened an investigation on Tuesday into health secretary Robert F. Kennedy Jr.’s handling of the federal response to bird flu, according to a letter sent to Kennedy and released...
Posted: Apr 02, 2025
The head of the Federal Communications Commission ordered an investigation into Walt Disney Co. and its ABC network over their diversity, equity and inclusion practices, broadening his examination of media and telecom companies for perceived discrimi...
Posted: Apr 02, 2025
More than half of small business leaders believe artificial intelligence will play a “crucial role” in worker safety over the next five years, according to a new report from Pie Insurance. A survey of decision-makers from just over a thou...
Posted: Apr 02, 2025
North Carolina Insurance Mike Causey said Tuesday that he had negotiated a lower average rate increase for mobile home policies than the North Carolina Rate Bureau had asked for. “I am happy to announce that North Carolina mobile homeowners wil...
Posted: Apr 02, 2025
One of California’s most famed art institutions, the Getty, is turning to the bond market for $500 million to help preserve its masterpieces as the state prepares for another fire-prone summer. The J. Paul Getty Trust is expected to sell …...
Posted: Apr 02, 2025
The question has come up wondering if smoke damage is covered for those homes that were impacted by the Los Angeles wildfires but were not damaged by the actual fires. A cloud of smoke from a fire is larger than …
Posted: Apr 02, 2025
AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Westminster American Insurance Co. AM Best assigne...
Posted: Apr 02, 2025
BlackRock Inc. is going even bigger in Texas. The world’s biggest asset manager applied for the iShares Texas Equity exchange-traded fund, according to a Friday filing with the Securities and Exchange Commission. The planned ETF would be passiv...
Posted: Apr 01, 2025
Johnson & Johnson shares fell the most in five years after the company’s plan to settle thousands of talc-related lawsuits through bankruptcy was shot down in court. The ruling means J&J will have to fight roughly 60,000 claims brought...
Posted: Apr 01, 2025
JM Wilson Promotes Staruch, Dodd and Ladik and Re-Hires Snyder-Knutson JM Wilson, headquartered in Portage, Michigan, Natalie Staruch was promoted to executive property & casualty (P&C) underwriter. She underwrites new and renewal commercial...
Posted: Apr 01, 2025
A Kentucky farmer is awaiting sentencing after pleading guilty to defrauding the federal crop insurance program of almost $1.5 million. Robert Thomas Hunt, of Taylor County in central Kentucky, asked grain haulers to sell his soybean, corn and wheat...
Posted: Apr 01, 2025
A long-feared megaquake off Japan’s southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai Trough would destroy 2.34 million buildings and...
Posted: Apr 01, 2025