Insurance Journal
A man who admitted in federal court to setting the fire that destroyed an eastern Missouri church has been sentenced to more than nine years in prison and ordered to pay the church nearly $7 million. The sentence for Christopher …
Posted: May 22, 2025
The U.S. Federal Emergency Management Agency announced the departure of 16 senior executives on Wednesday, a significant shakeup of its leadership ranks less than two weeks before the start of what is expected to be a busy hurricane season. Those ...
Posted: May 22, 2025
Frankenmuth Insurance Appoints Ott Chief Legal Officer and Corporate Secretary Frankenmuth Insurance, headquartered in Frankenmuth, Michigan, appointed Kelly Ott as chief legal officer and corporate secretary. Ott is the company’s top legal adv...
Posted: May 22, 2025
Nuclear verdicts against corporate defendants reached a record high in 2024, led by cases involving products liability and intellectual property, according to a new report from research firm Marathon Strategies. The number of nuclear verdicts—those t...
Posted: May 22, 2025
Builders Mutual Insurance and its subsidiary, Builders Premier, have agreed to pay a $39,000 penalty after a North Carolina market conduct examination again found issues with producer licensing, nonrenewals and subrogation recoveries. The Raleigh-bas...
Posted: May 22, 2025
CFC said it has extended the benefits of its new Cyber Proactive Response (CPR) coverage to existing policies tailored for the digital health, fintech, and technology sectors, effective immediately. “Each of these sectors is a prime target for...
Posted: May 22, 2025
A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,&#...
Posted: May 22, 2025
A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,&#...
Posted: May 22, 2025
A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,&#...
Posted: May 22, 2025
A federal bankruptcy judge in Connecticut has approved a clergy sex abuse settlement between the Catholic Diocese of Norwich and creditors and survivors that includes a $31 million fund to compensate victims. The plan seeks to provide recovery to tho...
Posted: May 22, 2025
Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States’ aging air traffic control system, saying it is “failing Americans.” The Federal Aviation AdministrationR...
Posted: May 22, 2025
Thames Water tops a list of water companies under criminal investigation for pollution by the UK government, a move that could complicate efforts to turn around the beleaguered British utility. The firm, which serves about a quarter of the UK, …...
Posted: May 22, 2025
Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning with the US government slashing climate incentives and programs. The Swiss startup was one of the first companies to develop direct-air capture &#...
Posted: May 22, 2025
Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That b...
Posted: May 22, 2025
Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on loss control services. These serv...
Posted: May 22, 2025
Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried to halt a so-called shadow fleet tanker in their economic zone. “A fairly …
Posted: May 22, 2025
A Republican proposal to block states from regulating artificial intelligence for 10 years drew opposition on from a bipartisan group of attorneys general in California, New York, Ohio and other states that have regulated high-risk uses of the techno...
Posted: May 22, 2025
More than two months after a tornado demolished his Mississippi home, Brian Lowery still sifts through the rubble, hoping to find a tie clip his mother gave him, made from the center stone of her wedding band. “I still have …
Posted: May 22, 2025
A British aviation firm contends in a lawsuit that a Florida aircraft management company failed to properly inspect a Learjet, botched repairs to landing gear – which allegedly caused a tire blowout on landing – then failed to verify inspection ̷...
Posted: May 22, 2025
The owner of a San Jose-based security company was sentenced after a California Department of Insurance investigation reportedly uncovered a multiyear scheme to underreport payroll and avoid paying workers’ compensation insurance premiums. Raul...
Posted: May 22, 2025
SOUTH KINGSTOWN, R.I. (AP)— One of Rhode Island’s most famous restaurants has been damaged after a fire broke out early Tuesday morning. Union Fire District Steve Pinch says firefighters arrived at 3:45 a.m. to find heavy smoke and flames comin...
Posted: May 22, 2025
The head of the Environmental Protection Agency clashed with Democratic senators Wednesday, accusing one of being an “aspiring fiction writer” and saying another does not “care about wasting money.” Democrats countered that EP...
Posted: May 22, 2025
Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance C...
Posted: May 22, 2025
Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance C...
Posted: May 22, 2025
Golden Bear Insurance Company hired Greg Hohman as chief underwriting officer. Hohman has experience in the excess and surplus lines sector, most recently serving as chief underwriting officer at Munich Re Specialty Insurance. Previous roles include...
Posted: May 22, 2025