Insurance Journal
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members o...
Posted: Sep 30, 2025
Rain was already coursing through the usually dry creek near Abraham Stallins’ home in the Texas Hill Country when a flash flood warning lit up his phone. It was just after midnight on July 5, and many neighbors were sleeping, …
Posted: Sep 30, 2025
Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling for quick action to extend the National Flood Insurance Program (NFIP). The program...
Posted: Sep 30, 2025
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA). Backed by The Fidelis Partners...
Posted: Sep 30, 2025
Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growi...
Posted: Sep 30, 2025
Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Micro...
Posted: Sep 30, 2025
Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government s...
Posted: Sep 30, 2025
Volkswagen AG lost an appeals case in Germany’s highest civil court over the shareholders’ approval of a settlement with former Chief Executive Officer Martin Winterkorn over his role in the diesel-emissions scandal that cost the company...
Posted: Sep 30, 2025
Marsh, the global insurance broker and risk advisor, has named Fred Smith the Florida corporate and risk management segment leader, overseeing service for large and middle-market clients in the state. Smith will relocate to Miami from New York and re...
Posted: Sep 30, 2025
New York Governor Kathy Hochul announced that Superintendent Adrienne Harris will be leaving the Department of Financial Services (DFS). Hochul is appointing Kaitlin Asrow as acting superintendent of DFS effective October 18, 2025. “I’d l...
Posted: Sep 30, 2025
Canadian carrier WestJet said on Monday the personal information of some passengers was exposed in a cybersecurity breach earlier this year, though no payment data was compromised. The airline said it detected suspicious activity on June 13 and later...
Posted: Sep 30, 2025
Asahi Group Holdings Ltd. suspended some beverage shipments on Monday after a cyberattack hobbled some of the drinks company’s operations in Japan. The maker of Asahi and Peroni beer said the disruption from the system failure is so far limited...
Posted: Sep 30, 2025
A cargo ship was hit by an explosive device near Yemen and caught fire, injuring two seafarers. The Netherlands-flagged Minervagracht, a relatively small general cargo ship, is currently on fire in the Gulf of Aden, its manager Spliethoff said in ...
Posted: Sep 30, 2025
It doesn’t take a financial adviser to tell you that, thus far, the economic environment of 2025 has been marked by a significant level of uncertainty. But what a financial adviser could tell you is that, as a result of …
Posted: Sep 30, 2025
Federal Express Corporation (FedEx) violated federal law by subjecting a female administrator at the company’s St. Rose, Louisiana location to sexual harassment and firing her when she refused to continue to work with her harasser, the U.S. Equ...
Posted: Sep 30, 2025
QBE North America Appoints Cunningham as SVP and Environmental Underwriting Leader QBE North America, headquartered in New York City, appointed Jayne Cunningham as senior vice president and environmental underwriting leader, reporting to Dan Fortin,...
Posted: Sep 30, 2025
Hackers compromised firewall devices within the US government, according to a senior federal official, amid broader warnings of cyberattacks on widely-used devices manufactured by Cisco Systems, Inc. The US Cybersecurity and Infrastructure Security A...
Posted: Sep 30, 2025
A new bill introduced in Congress would give federal courts original jurisdiction over state venues in limited civil cases involving interstate commercial trucking accidents. The Forum Accountability and Integrity in Roadway (FAIR) Trucking Act, intr...
Posted: Sep 30, 2025
Attendees at the Florida Association of Insurance Agents’ June convention in Orlando may have noticed the live giraffe exhibit at the Marriott World Center. The giraffe won’t make it for the 2026 convention. Nor will any other live animal...
Posted: Sep 30, 2025
A public adjuster who pleaded guilty in March to defrauding Brotherhood Mutual Insurance Co. and a Georgia church out of millions of dollars has been sentenced to 19 years in prison. A federal judge in Georgia last week also ordered …
Posted: Sep 30, 2025
The Federal Aviation Administration said last Thursday it will extend significant flight cuts at Newark, one of the three main airports serving the New York City area, through late October 2026 as it continues to face an air traffic controller …...
Posted: Sep 30, 2025
A 79-year-old man in Southern California filed a claim against the federal government for $50 million in damages, saying federal agents violated his civil rights when they tackled him during a Sept. 9 immigration raid at a car wash business. …
Posted: Sep 30, 2025
A surgical technician who was fired in 2021 after refusing to take the COVID-19 vaccine for religious reasons can pursue her claim against her former employer UMass Memorial Health Care, the Massachusetts Supreme Court (SJC) has ruled. The state̵...
Posted: Sep 30, 2025
PG&E Corp. plans to invest $73 billion in capital expenditures through 2030 as it moves to harden a system that’s been exposed by extreme weather. Utilities are racing to strengthen grids as artificial intelligence, electric cars and new fa...
Posted: Sep 30, 2025
(The Center Square) – Neither naturally occurring landslides nor sinkholes are new phenomena in Pennsylvania. Receiving help when they destroy homes and businesses, however, would be a welcome development for those who live in vulnerable areas....
Posted: Sep 30, 2025