Insurance Journal

Spain Opens Antitrust Probe Into Generali, Sanitas Agreement

Spain’s antitrust watchdog said on Tuesday it had opened an investigation into Italian insurer Generali and local health insurance provider Sanitas over potential anti-competitive practices. The CNMC watchdog said the probe focused on an agreem...

Posted: Mar 26, 2025

Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website

The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved...

Posted: Mar 26, 2025

New Fire Maps Put Nearly 4M Californians in Hazardous Zones

New bursts of yellow dot the hills of Mendocino County. Smears of burnt orange now span the aqueduct near Bakersfield. A fresh splash of crimson juts east of Chico like a fresh wound. With the release of its fourth and …

Posted: Mar 26, 2025

Ardonagh Set to Raise Up to $2.5 Billion to Fuel Expansion Spree

Ardonagh Group Ltd. is nearing a deal to raise as much as $2.5 billion from investors to help fuel the private equity-backed insurance broker’s rapid growth. The London-based firm is expected to close the capital-raise this summer in an oversub...

Posted: Mar 26, 2025

Los Angeles Presses State for Help With $1B Deficit As It Rebuilds From Fires

Los Angeles is looking to California for financial help as the city faces a nearly $1 billion budget deficit projected for the next fiscal year. Mayor Karen Bass and a group of city council members went to Sacramento, the state …

Posted: Mar 26, 2025

Delaware Lawmakers Approve Bill Overhauling Corporate Law

Delaware lawmakers approved on Tuesday an overhaul of the state’s corporate law in a bid to keep powerful business leaders like Mark Zuckerberg from moving their companies’ legal home to another state, although opponents call it a giveawa...

Posted: Mar 26, 2025

Pawtucket Dismantled Iconic Apex Pyramid Building. Here’s Why.

Earlier this month wind damaged the iconic Apex pyramid building in Pawtucket Rhode Island prominently visible from Interstate 95. Now, the city of Pawtucket has removed the remaining exterior panels of the iconic structure, leaving only the skeletal...

Posted: Mar 26, 2025

Major US Bridges at High Risk of Being Struck by Ships: Johns Hopkins Researchers

New analysis by Johns Hopkins researchers finds some bridges are likely to sustain catastrophic hits within the next few decades Ships are highly likely to collide with major bridges across the United States, with potentially catastrophic collisions...

Posted: Mar 25, 2025

How Are Insurance Agent Commissions Calculated?

This post is part of a series sponsored by Darkhorse Insurance. Ever wonder how much you’re really earning every time you close a deal? Understanding your insurance agent commission structure is the key to knowing where your income comes from &...

Posted: Mar 25, 2025

Your Guide to Successfully Adopting an All-In-One Agency Management System

This post is part of a series sponsored by EZLynx. Are you juggling multiple systems to manage client data, policies, and communications? Maybe your business is stuck with outdated legacy systems or you’re relying on a mix of spreadsheets, emai...

Posted: Mar 25, 2025

Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs

The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with profit before t...

Posted: Mar 25, 2025

Markets/Coverages: QBE Introduces Media Liability Endorsement; Travelers Offers Product Liability fo...

QBE North America Introduces Media Liability Endorsement QBE North America announced a new media liability endorsement for media organizations facing legal actions brought under consumer protection laws. This endorsement provides affirmative coverage...

Posted: Mar 25, 2025

States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded’, Says NAMIC

Policy discussions on the use of artificial intelligence in insurance are “unfounded” and “detrimental to policyholders,” according to a analysis from the National Association of Mutual Insurance Companies. The use of AI in in...

Posted: Mar 25, 2025

A Look Back at 2024: The Year in Insurance

Armchair analysts prognosticating the impending collapse of property & casualty insurance companies were proven wrong by recently released 2024 financial performance results. The overall industry’s underwriting results were profitable. The...

Posted: Mar 25, 2025

OKReady Pilot Program Accepting Applications From New Zip Codes

The Oklahoma Insurance Department (OID) has expanded their initial pilot launch of OKReady, the Strengthen Oklahoma Homes (SOH) program. The application process opened earlier this month, and the first testing period has been successful, OID said. Tw...

Posted: Mar 25, 2025

Missouri DCI Deploys Specialists to Aid Storm Victims in Phelps County

The Missouri Department of Commerce and Insurance (DCI) said that consumer specialists will participate in a Multi-Agency Resource Center (MARC) to answer insurance questions and help those impacted by the severe storms in Phelps County. An EF-2 torn...

Posted: Mar 25, 2025

AM Best Downgrades Wisconsin’s Cities and Villages

AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of Cities and Villages Mutual Insurance Company (Cities...

Posted: Mar 25, 2025

HUD Quietly Drops Civil Rights Cases Involving Housing Discrimination in Texas

The findings were stark. In one investigation, the U.S. Department of Housing and Urban Development concluded that a Texas state agency had steered $1 billion in disaster mitigation money away from Houston and nearby communities of color after Hurric...

Posted: Mar 25, 2025

Wildfires in Western Japan Damage Homes, Forcing Evacuations

Wildfires have hit several regions in western Japan, injuring at least two people, forcing dozens of residents to evacuate and damaging a number of homes as hundreds of firefighters battled the widening blazes in the mountainous areas. The fires in &...

Posted: Mar 25, 2025

California at Risk of New Insurance Bailout Amid Fire Danger

As Los Angeles-area residents recover from one of the costliest natural disasters in U.S. history, California’s insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That’s raising the pr...

Posted: Mar 25, 2025

23andMe’s Bankruptcy Puts 15 Million Users’ DNA Info on Auction Block

Millions of Americans who sent their saliva to 23andMe in the hopes of finding lost relatives or identifying health risks buried in their DNA now face seeing their genetic information sold to the highest bidder as part of the company’s …

Posted: Mar 25, 2025

Lawsuit: Downed Municipal Power Lines May Have Caused LA’s Palisades Fire

Several residents of Los Angeles who were affected by the deadly Palisades wildfire sued city authorities over claims that municipal utility power lines ignited the fire, according to a lawsuit filed Monday. The suit cited a Washington Post article d...

Posted: Mar 25, 2025

Spain’s Storms Refill Reservoirs, Easing Nation’s Worst Drought

Jana, Konrad, Laurence and Martinho — the unprecedented string of four named storms that barreled through the Iberian peninsula in the past three weeks — came with a silver lining: the likely end of Spain’s worst drought in recorded history. &#...

Posted: Mar 25, 2025

Pennsylvania’s Union County Suffers Ransomware Attack

Pennsylvania’s Union County is dealing with a ransomware attack that has likely exposed personally identifiable information, mostly related to individuals involved with the county’s law enforcement, courts, and other county business. Offi...

Posted: Mar 25, 2025

The Most Important LA Wildfire Stories to Know About

As firefighters gain more control over what have become the most destructive wildfires in U.S. history in a matter of days, the scale of the destruction and losses is becoming clearer. Despite the cacophony of a world stage that includes …

Posted: Jan 10, 2025