Insurance Journal

Trump Team Has Ivy League in Sight as It Gears Up Attacks on DEI

President-elect Donald Trump’s team has asked a key conservative activist to present a plan to slash federal funding for universities that refuse to scrap diversity and equity programs. Christopher Rufo, who played a role in ousting Harvard&#82...

Posted: Dec 03, 2024

FEMA Drops Hammer on Fort Myers Beach After Improper Rebuilding in Flood Area

Last spring, the Federal Emergency Management Agency jolted southwest Florida communities – most of which were still recovering from Hurricane Ian in 2022 – when it announced that the areas would lose their community discounts on flood insurance due...

Posted: Dec 03, 2024

People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO...

This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO Ryan Specialty, t...

Posted: Dec 03, 2024

People Moves: Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO...

This edition of International People Moves details appointments at Ryan Specialty and Howden Re. A summary of these new hires follows here. Ryan Specialty Underwriting Managers Int’l Names Birrell Exec Chair, Montgomery as CEO Ryan Specialty, t...

Posted: Dec 03, 2024

UK Business Activity Set to Shrink in Wake of Budget, CBI Says

Business activity in the UK is on course to shrink for the first time in more than two years as companies cut jobs and rein in investment following the budget, according to the Confederation of British Industry’s monthly growth indicator. &#823...

Posted: Dec 03, 2024

Zurich Completes $600M Buy of AIG’s Travel Insurance Business

Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete. Zurich said the acquisition of AIG’s personal travel insurance and assistance business, including...

Posted: Dec 03, 2024

Hoboken Dealing With Ransomware Attack

The city of Hoboken, New Jersey has reported it was the victim of a ransomware attack in the early hours of last Wednesday, November 27. Due to the November 26 cyber attack, City Hall and the municipal court were closed …

Posted: Dec 03, 2024

Italy to Require Companies Buy Insurance for Climate Risks

Starting Jan. 1, every company in Italy must buy insurance to protect its assets from floods, landslides and other natural hazards that have become more common thanks to global warming. It’s the latest sign of Europe’s rising anxiety abou...

Posted: Dec 03, 2024

Rising Sick Days Are Costing Europe Billions Every Year

Norway, illness is becoming an increasingly trying problem. Workers take more sick days than anywhere else in Europe and absences are at the highest level in 15 years. As companies struggle with chronic shortages, critics blame an overly generous wel...

Posted: Dec 03, 2024

Risk Theory Launches New High Value Homeowners Insurance

Dallas, TX, December 3, 2024 — Jupiter Risk Services, an affiliate of Risk Theory, is proud to launch its High Value Homeowners Insurance, a new insurance product designed specifically for single-family, high-value homeowner properties with cov...

Posted: Dec 03, 2024

Triple Threat Targets More Than 30,000 US Homes: CoreLogic

Year-round extreme risk from three natural disasters threatens more than 33,000 homes in the U.S., according to the latest analysis by CoreLogic. Hurricane wind, wildfire and inland flood are the most common combination of perils, research showed. Na...

Posted: Dec 03, 2024

Apple Accused of Silencing Workers, Spying on Personal Devices

Apple has been accused in a new lawsuit of illegally monitoring its workers’ personal devices and iCloud accounts while also barring them from discussing their pay and working conditions. The complaint filed in California state court on Sunday...

Posted: Dec 03, 2024

Best Agency to Work For – Southeast Bronze Winner: Brightway Insurance

The people at Brightway Insurance, based in Ponte Vedra Beach, Florida, near Jacksonville, seem to have taken employee satisfaction and performance to a whole new level. Each employee is asked to make sure, before they leave the office each day, &#82...

Posted: Dec 03, 2024

Old Damage, New Claim: Davies Risk Head Notes Rise in ‘Soft Fraud’ in Southeast

With multiple hurricanes rocking Florida and other parts of the Southeast this year, claims professionals have said they are seeing a trend toward “soft fraud,” with more policyholders attempting to include older or unrelated damage in re...

Posted: Dec 03, 2024

Flavored Vape Products Dispute Goes Before US Supreme Court

A dispute over the U.S. Food and Drug Administration’s refusal to let two e-cigarette companies sell flavored vape products due to their health risk to youths goes before the U.S. Supreme Court on Monday in another case involving the power &#82...

Posted: Dec 03, 2024

California Eyes $25 Million Legal Fight Against Trump Plans

California Gov. Gavin Newsom wants to allocate as much as $25 million to challenge President-elect Donald Trump’s most aggressive policies with a battalion of lawyers. On Monday the state legislature, led by a Democratic supermajority, will con...

Posted: Dec 03, 2024

People Moves: Symphony Risk Names Tobin Director of Dedicated Cannabis Business, Symphony Grow

Symphony Risk Solutions named Corey Tobin director of Symphony Grow, its specialty business focused on the cannabis industry. Tobin has more than 15 years of experience in the cannabis and insurance industries. He most recently served as senior vice...

Posted: Dec 03, 2024

Prosecutors Say Retail Thieves Stole $2M in Products Then Resold Them

A shoplifting ring that stole nearly $2 million in clothes and beauty products from Macy’s and other well-known stores in the U.S. and then resold them in New York City and the Dominican Republic has been busted, law enforcement officials &#823...

Posted: Dec 03, 2024

Best Agency to Work For – South Central Bronze Winner: SMA

Scarbrough, Medlin and Associates Inc. has built its success on a foundation of trust. “I never needed to be pushed or made to work,” said Rod Medlin, Scarbrough, Medlin & Associates Inc. (SMA) CEO. “My theory is to find people...

Posted: Dec 03, 2024

Best Agency to Work For – West Bronze Winner: Heritage Insurance Agency

It’s a family affair at Heritage Insurance Agency and not just because a husband-and-wife team run the firm. Steve Mora, the principal and CEO, who runs the Chico, California-based agency along with his wife Kelly, principal and chief marketing...

Posted: Dec 03, 2024

Best Agency to Work For – East Bronze Winner: USI Insurance Sevices

USI a ‘Well-Oiled Machine’ in Year 30 A thirtieth birthday marks a key milestone in a person’s life. It’s the age when crashing on your friend’s couch is no longer an acceptable sleeping arrangement, and when every bend...

Posted: Dec 03, 2024

Ex-TV Host Charlie Rose Resolves Sexual Harassment Lawsuit

Former TV host Charlie Rose has resolved a sexual harassment lawsuit brought by three women in the wake of his #MeToo-era ouster from CBS News in 2017 and the cancellation of his long-running, eponymous PBS talk show. In settling, the …

Posted: Dec 03, 2024

Best Agency to Work For – Midwest Bronze Winner: The Bulow Group

At The Bulow Group, work-life balance is a core value that benefits employees on both sides. “We are super flexible as an agency,” said one Bulow Group employee who nominated their agency as one of the best in Insurance Journal’s &#...

Posted: Dec 03, 2024

Texas Farmers Say Forever Chemicals in Fertilizer Poisoned Their Land

JOHNSON COUNTY — Tony Coleman recognizes the signs all too well. A cow drools strings of saliva. Then it starts to limp, each step slower. Then it grows stiff. Then it’s quick. There’s nothing to be done. The cow dies. …

Posted: Dec 02, 2024

AM Best Revises Outlook for U.S. Personal Lines Insurance Segment to ‘Stable’

AM Best has revised its outlook to stable from negative for the U.S. personal lines insurance segment for 2025, citing improved rate and pricing conditions, particularly in the auto insurance space, along with solid levels of risk-adjusted capitaliza...

Posted: Dec 02, 2024