Insurance Journal
It’s the economy stupid, and it seems that a lot of executives are using their brain power on their current worries rather than on the climate concerns of tomorrow—despite those concerns materializing in the here and now. Executives are focused...
Posted: Mar 28, 2025
The Florida House subcommittee on insurance advanced two hotly debated bills Thursday, one supported by insurance agents but another that was opposed by agents and carriers alike. And another subcommittee voted to repeal the auto insurance personal i...
Posted: Mar 28, 2025
A Pennsylvania cement company has agreed to pay $12 million to the family of an ironworker who fell to his death while attempting to set up a temporary catwalk at the company’s plant in Stockertown. In July 2021, the decedent …
Posted: Mar 28, 2025
The operator of an interstate trucking company who was convicted by a federal jury of making false statements to federal regulators about the company’s safety rating has been sentenced to 45 months in prison. Prosecutors identified the man as T...
Posted: Mar 28, 2025
Delaware is poised to give corporate officers more protections in its courts against shareholder lawsuits after criticism by billionaire Elon Musk and other influential business titans that rattled top public officials in what they call the corporate...
Posted: Mar 28, 2025
Pinnacol Assurance announced its 2025 general dividend will return roughly $15 million to more than 47,000 workers’ compensation insurance policyholders across Colorado. Th dividend marks the 10th consecutive year Pinnacol has returned dividend...
Posted: Mar 28, 2025
The California Department of Managed Health Care issued an all-plan letter designed to provide flexibility for health plans to assist healthcare providers impacted by the Los Angeles wildfires. Related: LA Municipal Utility Says No Evidence Energized...
Posted: Mar 27, 2025
Consumer specialists with the Missouri Department of Commerce and Insurance (DCI) will participate in Multi-Agency Resource Centers (MARC) to answer insurance questions and help those impacted by the severe storms in Jefferson and St. Louis Counties....
Posted: Mar 27, 2025
The measles outbreaks in West Texas and New Mexico have surpassed a combined 370 cases, and two unvaccinated people have died from measles-related causes. Measles is caused by a highly contagious virus that’s airborne and spreads easily when an...
Posted: Mar 27, 2025
The fracking boom that resuscitated the Texas oil fields has also beaten up the infrastructure in the Permian Basin, the state’s biggest oil and gas drilling region. More heavy trucks drove through small towns, tearing up roads. Companies built...
Posted: Mar 27, 2025
This edition of International People Moves details appointments at Everest Re and the MGA Aqueous Underwriting. A summary of these new hires follows here. Everest Re Taps Haines From Carpenter as Global Head of Engineering Everest Reinsurance, the re...
Posted: Mar 27, 2025
Lt. Gov. Dan Patrick said he will move to force an overtime session of the Legislature if lawmakers fail to ban THC or tighten Texas’ bail laws — two of his top priorities — before the current session ends in …
Posted: Mar 27, 2025
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of ISMIE Mutual Insurance Company and ISMIE Indemnity Company...
Posted: Mar 27, 2025
In the latest expansion of the alliance between State Farm and U.S. Bank, State Farm customers can apply for U.S. Bank personal loans for up to $50,000 working directly with their insurance agent. The new offering joins the existing suite …
Posted: Mar 27, 2025
REUTERS EXCLUSIVE Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including Ma...
Posted: Mar 27, 2025
LOUISVILLE, Ky. (AP) — Thieves took eight Corvettes from the lot of a Kentucky automobile plant where the legendary muscle car is built, but officers recovered the vehicles and made an arrest, police said. The cars were taken from the …
Posted: Mar 27, 2025
Sompo, the global property and casualty re/insurer, announced it has been granted licenses by the regulatory authorities to write primary insurance in Belgium and the Netherlands. Sompo said the development extends its commercial P/C insurance capabi...
Posted: Mar 27, 2025
NASHVILLE, Tenn. (AP) — Music City Baseball is teaming with a property company in hopes of buying land that could one day serve as the home of a Major League Baseball team. The deal between Music City Baseball and Lincoln …
Posted: Mar 27, 2025
A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers. The lead plainti...
Posted: Mar 27, 2025
A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing, then using...
Posted: Mar 27, 2025
Hannover Re has renewed a cyber catastrophe bond that provides $20 million worth of retrocessional protection against the accumulation of losses caused by a sustained cloud-outage event during 2025-2026. Cumulus Re II is 45% larger than the first ite...
Posted: Mar 27, 2025
The US Federal Aviation Administration said it must improve the way it identifies potentially risky air-traffic situations, following a deadly midair collision between a US Army helicopter and American Airlines Group Inc. regional jet in January. ...
Posted: Mar 27, 2025
Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S....
Posted: Mar 27, 2025
ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday. The …...
Posted: Mar 27, 2025
Western officials have accused Russia and its proxies of staging dozens of attacks and other incidents across Europe since the invasion of Ukraine three years ago, according to data collected by The Associated Press. They allege the disruption campai...
Posted: Mar 27, 2025