Insurance Journal

First Heat Wave of Season to Bake West, Increasing Wildfire Risk

Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be &#82...

Posted: May 27, 2025

Trump Approves FEMA Disaster Relief for 8 States

President Donald Trump green-lit disaster relief for eight states on Friday, assistance that some of the communities rocked by natural disasters have been waiting on for months. The major disaster declaration approvals allow Arkansas, Iowa, Kansas, M...

Posted: May 27, 2025

People Moves: Fidelis Insurance Group Promotes Greenwood as CUO for Bermuda; Everest Names Former Ch...

This edition of International People Moves details appointments at Fidelis Insurance Group and Everest Group. A summary of these new hires follows here. Fidelis Insurance Group Promotes Greenwood as Chief Underwriting Officer for Bermuda Fidelis Insu...

Posted: May 27, 2025

Mechanic Sentenced to Prison, Must Pay $1.3M for Defrauding Missouri Customer

An auto mechanic was sentenced to 33 months in prison and ordered to repay $1.37 million to his victims for defrauding a Missouri customer, among others, the U.S. Attorney’s Office, Eastern District of Missouri announced last week. Beginning in...

Posted: May 27, 2025

How to Protect Your Rooftop Solar Panels From Hail Damage

As the US heads into peak hailstorm season, homeowners that have installed solar power face the prospect of chunks of ice damaging their panels. “Those instances of damage are rare, but the more extreme weather gets with climate change, it&#821...

Posted: May 27, 2025

Florida’s Slide Insurance Files for Initial Public Stock Offering

Four years after it was founded, Florida-based Slide Insurance plans to go public. The holding company for the Tampa-headquartered company, which has more than 343,000 policies in Florida, last week filed registration paperwork with the U.S. Securiti...

Posted: May 27, 2025

Louisiana Stifles Community Air Monitoring With Threat of Million-Dollar Fines, Lawsuit Says

On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high leve...

Posted: May 27, 2025

Louisiana Stifles Community Air Monitoring With Threat of Million-Dollar Fines: Lawsuit

On days of heavy pollution in Sulphur, a southwest Louisiana town surrounded by more than 16 industrial plants, Cynthia “Cindy” Robertson once flew a red flag outside her home so her community knew they faced health hazards from high leve...

Posted: May 27, 2025

Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report

Demand for political risk insurance is likely to rise by 33% due to tariff uncertainty and the instability of the current trading environment, according to Howden’s 2025 survey of multinational corporates with revenue of more than US$1 billion....

Posted: May 27, 2025

Boeing Agrees to Resolve US Criminal Case Over 737 Crashes

Boeing Co. has reached a tentative agreement with the US Justice Department that would allow the planemaker to avoid criminal charges for two fatal crashes of its 737 Max jets more than six years ago. The settlement was disclosed in …

Posted: May 27, 2025

TVA Becomes First US Utility to Seek Permit for Small Nuclear Reactor

For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation’s largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construct...

Posted: May 27, 2025

Industry Vet Plumeri Joins Insurance Advisory Partners as Chairman

Insurance veteran and former Willis Group Holdings CEO Joe Plumeri will occupy the new role of chairman at Insurance Advisory Partners (IAP). According to the investment bank focused on the insurance, insurance services and insurtech industries, Plum...

Posted: May 27, 2025

Southern California Edison Paying $82.5M to Settle Claims Over 2020 Bobcat Fire Damages

Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed &#8230...

Posted: May 27, 2025

Southern California Edison Paying $82.5M to Settle Claims Over Bobcat Fire Damages

Southern California Edison, a unit of utility Edison International, agreed on Friday to pay $82.5 million to settle claims with the U.S. Forest Service for costs and damages resulting from the Bobcat Fire in 2020. The U.S. government had filed &#8230...

Posted: May 27, 2025

DIY Home Inspections Are Taking Over, Firms Say

The future of home inspections is here and it’s in the hands of…the homeowner, according to leaders of two firms that have developed DIY systems now being used by prospective insureds across the country for pre-policy property surveys. &#...

Posted: May 27, 2025

Venezuelan Workers at Disney Put on Leave After Losing Protective Status

ORLANDO, Fla. (AP) — Almost four dozen Venezuelan workers who had temporary protected status have been put on leave by Disney after the U.S. Supreme Court allowed the Trump administration to strip them of legal protections. The move was made …

Posted: May 27, 2025

Progress is Slow for Chimney Rock, NC, Hit Hard by Hurricane Helene

The brightly colored sign along the S-curve mountain road beckons visitors to the Gemstone Mine, the “#1 ATTRACTION IN CHIMNEY ROCK VILLAGE!” But another sign, on the shop’s mud-splattered front door, tells a different story. &#8220...

Posted: May 27, 2025

Progress Is Slow for Chimney Rock, NC Hit Hard by Hurricane Helene

The brightly colored sign along the S-curve mountain road beckons visitors to the Gemstone Mine, the “#1 ATTRACTION IN CHIMNEY ROCK VILLAGE!” But another sign, on the shop’s mud-splattered front door, tells a different story. &#8220...

Posted: May 27, 2025

Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather

Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at 4:15 p.m. Monday, including...

Posted: May 27, 2025

India Races to Contain Oil Spill From Sunken Container Ship

Indian agencies detected an oil spill from a container ship that capsized off the coast of the southern state of Kerala early Sunday, triggering efforts to contain the environmental damage, the defense ministry said in a statement a day after …

Posted: May 27, 2025

Russian Hackers Target Western Firms Shipping Aid to Ukraine, US Intelligence Says

Hackers working for Russian military intelligence targeted Western technology and logistics companies involved in shipping assistance to Ukraine, the U.S. National Security Agency said. The hackers were trying to obtain details about the type of assi...

Posted: May 27, 2025

FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

PepsiCo Inc. scored a major legal victory Thursday after the three members of the US Federal Trade Commission voted unanimously to dismiss an antitrust lawsuit that was filed at the very end of the Biden Administration. The FTC sued Pepsi …

Posted: May 27, 2025

India Debuts New Weather Model to Help Farming, Flood Planning

The southwest monsoon’s early arrival in India this year is good news for crops, but exactly when, where, and how much rain will fall over the next few months are still difficult questions to answer. To help solve that dilemma, …

Posted: May 27, 2025

Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home

A Norwegian man awoke to find that a cargo ship had run aground and narrowly missed crashing into his home along the Trondheim Fjord’s coast. Johan Helberg told Norwegian broadcaster NRK that he’d slept through the whole thing and only &#...

Posted: May 27, 2025

Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These new policies follow the launch of BHSI’s proprietary Directors & Of...

Posted: May 27, 2025