Insurance Journal
Maryland Attorney General Anthony G. Brown is making legislation protecting seniors in assisted living facilities and enforcement of fair wages and safe working conditions for workers as priorities for 2025. Additionally, he is promising to “sh...
Posted: Jan 10, 2025
With aerial firefighting returning as strong Southern California winds died down for a bit, damage assessments from a handful of destructive Los Angeles area blazes are sure to become clearer—likely pushing up billion-dollar-plus insured loss estimat...
Posted: Jan 09, 2025
Insurance broker Hub International Limited has acquired the assets of Byrnes Agency, Inc. in Connecticut. Terms of the transaction were not disclosed. Founded in 1932, Byrnes Agency is located in Dayville and Norwich. The agency offers a full line of...
Posted: Jan 09, 2025
GuideOne Insurance, headquartered in West De Moines, Iowa, appointed Wei Huang to its board of directors. Huang, who serves as the senior vice president and senior client investment officer at Northern Trust Asset Management, has over two decades of...
Posted: Jan 09, 2025
ZestyAI, a provider of AI-powered climate and property risk analytics solutions, has received regulatory approval from the Missouri Department of Insurance for its Severe Convective Storm suite, including Z-HAIL, Z-WIND, and Z-STORM. ZestyAI’s...
Posted: Jan 09, 2025
The Green Bay Packers’ online store was hacked in September and October, the franchise said in a data breach filing this week. A third party threat actor inserted a malicious code on the Packers’ Pro Shop website between September 23-24 &...
Posted: Jan 09, 2025
Texas farmers tepidly celebrated last month after Congress barely managed to extend a package of laws meant to aid the nation’s agriculture industry and feed low-income Americans. The clock is now ticking for federal lawmakers to pass a new, up...
Posted: Jan 09, 2025
A winter storm that brought snow to Dallas and threatens the US South with ice and sleet has grounded more than 1,000 flights and is raising the risk of power outages through the region. As of 8 a.m. Dallas time …
Posted: Jan 09, 2025
Flooding poses the greatest threat to supply chains this year, as warm ocean temperatures fuel more frequent and disruptive storms, including powerful hurricanes, according to a report. Ocean temperatures are expected to be elevated in 2025 and beyon...
Posted: Jan 09, 2025
This edition of International People Moves details appointments at WTW and Howden Re. A summary of these new hires follows here. WTW Names Wegbrans as Head of Corporate Risk & Broking Europe Insurance broker WTW announced the appointment of Hugo...
Posted: Jan 09, 2025
Europe’s financial regulator for banks said lenders in the bloc must regularly and comprehensively measure ESG risks, in new guidelines designed to shore up the industry amid growing threats to financial stability from environmental and social...
Posted: Jan 09, 2025
ORLANDO, Fla. (AP) — A major grower said this week it is abandoning its citrus growing operations, reflecting the headwinds Florida’s signature crops are facing following a series of hurricanes and tree diseases. Alico Inc. announced this week...
Posted: Jan 09, 2025
TALLAHASSEE, Fla. (AP) — A statewide grand jury convened at the request of Florida Gov. Ron DeSantis to investigate “any and all wrongdoing” concerning COVID-19 vaccines did not find any evidence of criminal activity, according to a repor...
Posted: Jan 09, 2025
Apple clarified on Wednesday that it has never sold the data collected by its Siri voice assistant or used it to create marketing profiles, just days after settling a case in which it faced such accusations. The iPhone maker last …
Posted: Jan 09, 2025
Insurers saw the third most expensive year for natural catastrophe losses in 2024 – reaching a total of US$140 billion – as climate change “is showing its claws,” according to Munich Re. Overall economic losses from natural disasters worl...
Posted: Jan 09, 2025
The conflagrations tearing across Los Angeles are on track to be among the most expensive wildfire disasters in U.S. history, draining insurance coffers and threatening California’s massive state-sponsored insurance program. Losses from the fir...
Posted: Jan 09, 2025
Maine Governor Janet Mills along with House and Senate leaders are championing major legislation to strengthen the ability of local communities, homeowners, businesses, and emergency responders to prepare for and withstand future severe storms. The b...
Posted: Jan 09, 2025
The commercial property market is showing signs of stabilization, and buyers with favorable risk profiles will see rate decreases or low-single-digit increases this year, according to USI Insurance Services’ 2025 Commercial Property & Casua...
Posted: Jan 09, 2025
Pennsylvania Lumbermens Mutual Insurance Company (PLM), headquartered in Philadelphia, named Steve Firko as executive vice president and chief operating officer overseeing all front-line customer-focused operating departments, including underwriting,...
Posted: Jan 09, 2025
Premiums for policies covering new energy vehicles in China have soared to $13.8 billion—a six-fold jump from the level recorded five years earlier, AM Best said in a special report. According to the report, “China’s New Energy Vehicle Bo...
Posted: Jan 09, 2025
Broker McGill and Partners has launched a commercial property war risk reinsurance program for Ukraine, which it said on Thursday was the first of its kind since Russia’s invasion of the country in Feb 2022. Companies in Ukraine have found R...
Posted: Jan 09, 2025
Canopius, headquartered in Chicago, appointed Laura Burke as U.S. head of cyber and technology. Burke assumes the role after serving as the company’s executive vice president, cyber and technology, since joining Canopius in 2020. Burke brings m...
Posted: Jan 09, 2025
There is a risk crisis affecting the insurance industry. Hurricanes Helene and Milton left a trail of tens of billions of dollars of destruction across the southeastern United States. These latest storms have shown that no region is safe from …
Posted: Jan 09, 2025
A residual property insurer and regulators in two Southeastern states are emphasizing roof integrity, more signs that mitigation and prevention are increasingly recognized as ways to reduce insured losses as storms escalate in frequency and severity....
Posted: Jan 09, 2025
California businesses are suing to halt a new state law that bars them from requiring employees to attend anti-union meetings at work. The state’s Chamber of Commerce and California Restaurant Association filed the suit in federal court on New...
Posted: Jan 09, 2025