Insurance Journal
World Insurance Associates Names Miller EVP, National Accounts World Insurance Associates LLC, headquartered in Iselin, New Jersey, named Adam Miller as its executive vice president, national accounts. Miller, who is based in Chicago, has nearly 20 y...
Posted: Jan 07, 2025
Insurance brokers Aon plc, Guy Carpenter and WTW announced they each have completed previously announced mergers and acquisitions. Aon’s acquisition of Griffiths & Armour, which was first announced in November 2024, officially completed on...
Posted: Jan 07, 2025
Core Specialty Insurance Holdings Inc. and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. (LAU), in a stock and cash transaction. Financial details of the deal, which is expected to close early in 2025, were not disclosed....
Posted: Jan 07, 2025
An avalanche killed one skier and injured another after the group they were in triggered the large snowslide while ascending a mountain in western Wyoming. The avalanche happened Saturday in a backcountry area about 20 miles east of Grand Teton ̷...
Posted: Jan 07, 2025
Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Booking organic growth is difficult, even for firms with strong sales cultures, and...
Posted: Jan 07, 2025
Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-expose...
Posted: Jan 07, 2025
Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a reason for the upgrade. As for commercial P/C insu...
Posted: Jan 07, 2025
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday̵...
Posted: Jan 07, 2025
The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its “Actually Smart Summon” driverless feature. The NHTSA’s...
Posted: Jan 07, 2025
The National Highway Traffic Safety Administration said on Tuesday it has opened a probe into 2.6 million Tesla vehicles in the United States over reports of crashes involving a feature that allows users to move their cars remotely. The new …
Posted: Jan 07, 2025
Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of Resilience. He will serve as president of the R...
Posted: Jan 07, 2025
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. Tuesday morning was in Tingri …
Posted: Jan 07, 2025
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years. For the last quarter of 2024, the composite rate went up 4%, said …
Posted: Jan 07, 2025
Austin TX, January 7, 2025 — The Risk & Insurance Education Alliance is excited to announce a new partnership with the Professional Insurance Agents (PIA) of Louisiana to bring its comprehensive suite of educational programs to insurance an...
Posted: Jan 07, 2025
Two undersea telecommunications cables that were damaged in the Baltic Sea on Dec. 25 appeared to have been torn apart by a strong external force, Finland’s Elisa said on Monday, adding that they had now been repaired. Baltic Sea nations …...
Posted: Jan 07, 2025
The United Nations’ civil aviation agency is investigating reports of a “potential information security incident” following a claim that tens of thousands of its records had been stolen, the organization said on Monday. The Canada-b...
Posted: Jan 07, 2025
Helvetia Holding AG is considering a sale of its loss-making German insurance operations, according to people familiar with the matter. The Swiss insurer has hired JPMorgan Chase & Co. and plans to collect non-binding offers for the unit in the &...
Posted: Jan 07, 2025
Almost five years after Florida lawmakers clamped restrictions on assignment-of-benefits agreements and two years after they effectively outlawed AOBs altogether, state appeals courts may have finally put an end to one creative way that been used in...
Posted: Jan 07, 2025
The Delaware Personal Data Privacy Act, passed in 2023, went into effect at the beginning of this new year, granting Delawareans ew personal data privacy rights. “Businesses collect Delawareans’ personal data every day,” said Attorn...
Posted: Jan 07, 2025
The Massachusetts Supreme Judicial Court has upheld a $20 million jury award In a medical malpractice case that found three medical professionals caused a patient to have to undergo an above-the-knee amputation of his leg. In 2023, a jury found ̷...
Posted: Jan 07, 2025
A Maine man out on bail for an April 2024 arson charge has been charged with a new arson incident. According to officials, on the evening of January 5, the Maine State Fire Marshal (FMO) assisted with an investigation of …
Posted: Jan 07, 2025
A former insurance agent plead guilty to stealing premium from a premium finance company. Formerly licensed insurance agent Tonja Van Roy, 59, who currently resides in Las Vegas, but operated an insurance agency based in Northridge, California, plead...
Posted: Jan 07, 2025
McDonald’s Corp. is revamping its approach to diversity, equity and inclusion, becoming the latest large company to change its strategy as the once-ubiquitous goals come under pressure from conservative advocates. The company will no longer set...
Posted: Jan 06, 2025
Exceptionally powerful, dry winds expected across Southern California this week are set to send wildfire risk skyrocketing in a region that’s endured more than eight months without significant rain. Forecasters predict the strongest Santa Ana w...
Posted: Jan 06, 2025
XS Brokers Promotes Buccinna to Regional Leader of New York XS Brokers, headquartered in Quincy, Massachusetts, promoted Peter Buccinna to vice president and regional leader of New York. Buccinna has over 26 years of industry experience and joined XS...
Posted: Jan 06, 2025