Insurance Journal
Arthur J. Gallagher & Co. announced the acquisition of Indianapolis, Indiana-based M.J. Schuetz Insurance Services Inc. (Schuetz Insurance). Terms of the transaction were not disclosed. Schuetz Insurance provides property/casualty, surety and bon...
Posted: Dec 19, 2024
The U.S. Environmental Protection Agency said on Wednesday it has approved California’s landmark plan to end the sale of gasoline-only vehicles by 2035. The decision in the final weeks of President Joe Biden’s administration sets up a fig...
Posted: Dec 19, 2024
Washington Insurance Commissioner Mike Kreidler issued fines totaling $576,500 against insurance companies, agents, brokers and unlicensed entities in October and November of 2024 for violations of state insurance laws and regulations. The fines incl...
Posted: Dec 19, 2024
The U.S. government is urging senior government officials and politicians to ditch phone calls and text messages following intrusions at major American telecommunications companies blamed on Chinese hackers. Right now. In written guidance released on...
Posted: Dec 19, 2024
Highstreet Insurance Partners announced today its acquisition of Collum Insurance Group, LLC based in Richardson, Texas. Along with Collum’s 35 years of personal lines expertise, this transaction adds an additional location to Highstreet’...
Posted: Dec 18, 2024
Federal workplace safety officials have again cited a New Jersey construction contractor for allegedly repeatedly violating safety requirements at three North Jersey worksites, exposing employees to falls from elevations. The Occupational Safety and...
Posted: Dec 18, 2024
The state of U.S. insurance regulation is almost certainly not a topic for most families this holiday season. Yet there is much to be thankful for as well as areas where we can do better. First, let’s be thankful for …
Posted: Dec 18, 2024
The US government has launched a national-security investigation into TP-Link, the China-founded router maker whose equipment now dominates the American market and has been targeted in repeated Chinese cyber attacks, people familiar with the matter s...
Posted: Dec 18, 2024
The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate...
Posted: Dec 18, 2024
Millions of U.S. homes are underinsured, not because of any added value in the homes, but because additional structures on the homeowner’s property have gone unreported and are without protection. Using artificial intelligence and aerial imager...
Posted: Dec 18, 2024
A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages outlining the potential benefits and harms of the technology. The 24 members of the bipartisan House Task Force on Artificial &#...
Posted: Dec 18, 2024
The Tampa Bay Rays secured their future in west-central Florida as county officials approved a crucial bond sale for the team’s proposed new stadium. The Pinellas County Board of Commissioners voted Tuesday to green light more than $300 million...
Posted: Dec 18, 2024
King Risk Partners, one of the largest U.S. insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commerc...
Posted: Dec 18, 2024
Employee benefits specialists Drewberry has been acquired by Brown & Brown (Europe) Ltd. The terms of the deal are undisclosed. Founded in 2009 by Andrew Jenkinson and Tom Conner, Brighton and London-based Drewberry offers employee benefits solut...
Posted: Dec 18, 2024
Swiss Re AG, Tokio Marine Holdings Inc., AXIS Capital Holdings Ltd. and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its lending in …
Posted: Dec 18, 2024
The Financial Stability Board (FSB) on Wednesday pitched recommendations for governments to reduce risks around hedge funds, insurers and other non-bank financial intermediaries, which now account for almost half of global financial assets. The secto...
Posted: Dec 18, 2024
The UK announced fresh sanctions targeting alleged “lynchpins” that enable the trade of Russian oil, along with 20 “shadow fleet” vessels. The financial curbs on oil trading firms, 2Rivers DMCC and 2Rivers Pte Ltd. will clamp...
Posted: Dec 18, 2024
Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third ship …
Posted: Dec 18, 2024
The lead European Union data privacy regulator for Meta fined the social media giant 251 million euros ($263.5 million) on Tuesday for a 2018 Facebook security breach that affected 29 million users. Meta notified Ireland’s Data Protection Commi...
Posted: Dec 18, 2024
An Illinois man accused of defrauding individuals by claiming to be an insurance adjuster doing roof repair after a recent hailstorm was arrested in Florida on Dec. 13. Scott A. Lennington of Morton, Ill. was taken into custody by the …
Posted: Dec 18, 2024
This post is part of a series sponsored by AgentSync. When you’re shopping for the technology solution that’s going to transform the way your insurance business handles producer lifecycle management, you might look at a lot of things: Tot...
Posted: Dec 18, 2024
Texas Governor Greg Abbott has a new ambition for the Lone Star State: surpassing France as one of the world’s largest economies. Abbott predicted that economic output in Texas would soon exceed that of the struggling European nation thanks to...
Posted: Dec 18, 2024
Texas agencies reported 252 new cases of groundwater contamination during 2023 in the Texas Groundwater Protection Committee annual report. The latest report compiles 2,870 open cases of groundwater contamination, some of which date back decades. Nea...
Posted: Dec 18, 2024
Ardonagh Group has secured new investment from Stone Point Capital, almost doubling the valuation of the UK insurance broker to $14 billion in three years, according to people familiar with the matter. The deal will see Greenwich, Connecticut-based S...
Posted: Dec 18, 2024
CHICAGO (AP) — A jury awarded nearly $80 million to the family of a 10-year-old Chicago girl who was killed during a police chase and crash in 2020. The city had acknowledged liability in the death of Da’Karia Spicer. The …
Posted: Dec 18, 2024