Insurance Journal

People Moves: DOXA Expands Brokerage Vertical Naming Curry EVP

DOXA, headquartered in Fort Wayne, Indiana, hired Sean Curry as executive vice president of its brokerage vertical. Curry guides DOXA’s expansion of its product expertise and rapid responsiveness in new markets with hard-to-place risks. Curry h...

Posted: Jul 29, 2025

Traffic Fatalities Dip 6.3% in First Quarter 2025

The number of people killed in U.S road crashes was down 6.3% in the first three months of 2025, according to newly released data by the National Highway Traffic Safety Administration. Traffic fatalities totaled 8,055, the lowest quarterly rate in &#...

Posted: Jul 29, 2025

Top 5 Auto Insurers File for Average 6% Rate Reduction This Year, Florida OIR Says

Florida may have had some of the highest property and auto insurance rates in the country in recent years, but so far this year, the largest auto insurers have filed for rate decreases averaging about 6%, regulators said. “We are …

Posted: Jul 29, 2025

H1 Natural Disasters Had Insured Price Tag of $80B – Driven by US Claims: Munich Re

Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include i...

Posted: Jul 29, 2025

Applied Underwriters Starts MGA Platform Innovation Risk

Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting. The MGA, while firmly rooted in proven, traditional insurance fundamentals, will inco...

Posted: Jul 29, 2025

Two Youths Killed, Two in Critical Condition After Barge Hits Sailboat in Miami

Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …

Posted: Jul 29, 2025

All 3 Aboard Small Plane That Crashed in Ocean off California Died, Officials Say

All three people aboard a small twin-engine plane that crashed into the Pacific Ocean off California’s central coast perished, law enforcement officials said. The Monterey County Sheriff’s Office confirmed late Sunday that the three occup...

Posted: Jul 29, 2025

EPA Set to Unravel US Authority to Regulate Greenhouse Gases

The Trump administration is set to announce its plans to abolish the US government’s authority to regulate greenhouse gases, threatening to strike a deep blow at Washington’s ability to fight climate change. The Environmental Protection A...

Posted: Jul 29, 2025

Cincinnati Financial More Than Doubles Q2 Net Income

Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of our agent-centered strategy &...

Posted: Jul 29, 2025

Aon Reports 6% Organic Revenue Growth, Boosted by Commercial, Reinsurance Lines

Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the contribution from last …

Posted: Jul 29, 2025

Deadly Spree in Midtown Manhattan Spawns Evening of Fear in NYC

Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand. Within minutes, at least four people were dead, as …

Posted: Jul 29, 2025

5 Reasons to Centralize Your Compliance and Producer Management After an Acquisition

This post is part of a series sponsored by AgentSync. For high-growth insurance agencies and carriers, acquisitions are a core part of business expansion. Yet, if you don’t keep your acquisition strategy streamlined and efficient, you end up wi...

Posted: Jul 29, 2025

Hong Kong Shuts Down for Second Time in a Week Due to Heavy Rain

Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. &#82...

Posted: Jul 29, 2025

India Moves to Shield Power Grids From Solar Equipment Malware

India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into elect...

Posted: Jul 29, 2025

Musk’s Geopolitical Influence Raises Concerns Among Regulators and Lawmakers

During a pivotal push by Ukraine to retake territory from Russia in late September 2022, Elon Musk gave an order that disrupted the counteroffensive and dented Kyiv’s trust in Starlink, the satellite internet service the billionaire provided ea...

Posted: Jul 29, 2025

Lack of Proper Insurance Coverage for Data Centers Presents Pitfalls

As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying clo...

Posted: Jul 29, 2025

Volunteers Repair Appalachian Trail Damage Almost a Year After Hurricane Helene

UNICOI COUNTY, Tenn. (AP) — In a rugged patch of the Appalachian Trail in eastern Tennessee, volunteers size up a massive, gnarled tree lying on its side. Its tangled web of roots and dark brown soil, known as a root …

Posted: Jul 29, 2025

PG&E in California Reaches Accidental Release Rule Settlement

Pacific Gas and Electric Company has reached a settlement to resolve a violation of the Clean Air Act and the 2020 Accidental Release Reporting rule. The agreement with the U.S. Environmental Protection Agency and the U.S. Chemical Safety and Hazard...

Posted: Jul 29, 2025

Panel Passes Bill to Curb Vacation Rentals, Boost Housing Supply After Lahaina Wildfire

Lawmakers on Maui passed legislation aimed at eliminating a large percentage of the Hawaiian island’s vacation rentals to address a housing shortage exacerbated by the wildfire that destroyed most of Lahaina two years ago. It’s the latest...

Posted: Jul 29, 2025

City’s Insurer to Pay $550K for Police Twice Wrongfully Arresting, Jailing Man

A Rhode Island city’s insurer will pay $550,000 to settle the case of a resident who was twice wrongfully arrested and jailed for a crime he did not commit. The American Civil Liberties Union (ACLU) announced the city of Woonsocket …

Posted: Jul 29, 2025

UVA Business School Suspends DEI-Related Partnerships Amid Political Pressure

The University of Virginia’s Darden School of Business suspended its partnerships with several organizations dedicated to increasing opportunities for underrepresented groups in business schools amid persistent calls from the White House to dis...

Posted: Jul 29, 2025

Camper Explosion Takes Lives of Two Women in Maine

The Maine Fire Marshal reports it continues to investigate a fatal explosion over the weekend at the Powder Horn Campground in Old Orchard Beach. On July 26, 2025, a camper explosion was reported at the campground. Old Orchard Beach fire …

Posted: Jul 29, 2025

Gunman Kills Several People Including Police Officer at Blackstone’s NYC Tower

An armed shooter attacked 345 Park Ave. in Manhattan, the tower housing Blackstone Inc.’s global headquarters and the National Football League among others, killing at least five people, according to a city official. The suspected shooter is de...

Posted: Jul 28, 2025

The Hartford Net Income Up 35% on Premium Growth

Net income at The Hartford increased 35% to $990 million in the second quarter 2025 as personal lines returned to profitability compared to the same period a year ago. Q2 property/casualty written premiums increased 8% compared to Q2 2024. Premiums &...

Posted: Jul 28, 2025

Searing Heat Threatens Grids, Health Over Nearly Half the US

Nearly half the US will wilt under hot, sticky conditions through the bulk of the week as temperatures and humidity soar from Chicago to New York City and New Orleans, boosting power demand and raising health risks. Heat advisories and …

Posted: Jul 28, 2025