Insurance Journal

People Moves: TDCI, Hilb Announce New Roles, New Faces

The Tennessee Department of Commerce and Insurance announced personnel changes at the department this week. Michael Barber, with 20 years of experience in the insurance industry, was named director of the Consumer Insurance Services section. Barber j...

Posted: Mar 03, 2026

‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War

The Iran conflict has thrust container shipping from an industry bracing for a capacity glut to another potential “black swan” supply crunch. That paradigm shift dawned on the more than 3,500 importers, freight forwarders and ocean carrie...

Posted: Mar 03, 2026

Judge Rejects Shell’s Bid to Overturn Arbitration Award With Venture Global

A New York state judge on Monday rejected British oil major Shell’s request to throw out an arbitration award that favored Venture Global in a dispute over the American company’s alleged improper sale of liquefied natural gas. Justice Joe...

Posted: Mar 03, 2026

Laken Riley’s Father Files Suit, Accuses Georgia University System of Negligence

The father of Laken Riley, who was killed on the campus of the University of Georgia by a Venezuelan man who lived nearby, is accusing the state university system of negligence that he says led to his daughter’s death. Jason …

Posted: Mar 03, 2026

Tariff-Refund Seekers Flock to Little-Known US Trade Court

Importers seeking their share of more than $130 billion in tariff refunds are flocking to a little-known U.S. trade court, which must now figure out how to deal with what is expected to be an explosion of cases. Multinationals such …

Posted: Mar 03, 2026

Meta Loses Insurance for Defense in Major Social Media Addiction Litigation

A Delaware judge has ruled that insurers do not have a duty to defend Meta Platforms in the thousands of lawsuits that allege that its Facebook and Instagram platforms harm children. Superior Court Judge Sheldon K. Rennie ruled that Meta’s &#82...

Posted: Mar 03, 2026

MNRB Gets Approval to Start Talks on Sale of Islamic Insurer Takaful Ikhlas: Sources

Malaysia’s central bank has approved the start of talks for MNRB Holdings Bhd. to sell its Islamic insurance unit Takaful Ikhlas, according to people with knowledge of the matter. Kuala Lumpur-listed MNRB can open negotiations with Bank Kerjasa...

Posted: Mar 03, 2026

Insurance Gaps Leave Airlines Exposed as Iran Conflict Widens

As the U.S.-Israeli air war against Iran widened on Monday with no end in sight, focus shifted to the impact on airlines. Operations have been disrupted for a third day and revenue losses are not covered by insurers, analysts and …

Posted: Mar 03, 2026

Iran Conflict Disrupts Global Shipping as Tankers Are Stranded, Damaged

Insurance companies are canceling war risk coverage for vessels in the Middle East Gulf as the widening Iran conflict disrupts shipping, leaving tankers damaged or stranded and at least two people dead. Shipping through the Strait of Hormuz between I...

Posted: Mar 03, 2026

Self-Service won’t replace your Agency. It will reveal whether your value is visible.

The insurance industry has historically characterized “self-service” as if it were a single finish line. Build a portal. Expose some documents. Enable a few transactions. Do these things and adoption will follow. The reality is far more n...

Posted: Mar 03, 2026

New Verification Standard Adds Layer of Protection Against Carrier Identity Fraud

NMFTA’s SCAC Verified introduces identity verification and enhanced code validation to help reduce impersonation risk in trucking. Alexandria, VA, March 3, 2026 — Freight fraud is no longer confined to long-haul trucking. Service fleets, privat...

Posted: Mar 03, 2026

Drone Strikes Damage Amazon Data Centers in the UAE and Bahrain

Amazon.com Inc.’s cloud unit warned of prolonged disruptions to its services after revealing that drone strikes damaged three of its data centers in the Middle East in recent days. Amazon Web Services Inc. said for the first time that drones &#...

Posted: Mar 03, 2026

Iran War Poses New Risk to US Economic Resilience

A U.S. economy that has weathered a year of trade, immigration and other shocks now faces a new test likely to ratchet up uncertainty after President Donald Trump’s decision to launch open-ended attacks against Iran with the stated goal of &#82...

Posted: Mar 03, 2026

Senators Sound Alarm After New Data Shows Fewer OSHA Inspections, Fines

A group of U.S. senators issued a letter to Labor Secretary Chavez-DeRemer and Assistant Secretary of Labor for Occupational Safety and Health David Keeling, outlining their concerns about new data showing a significant drop in workplace safety inves...

Posted: Mar 03, 2026

Viewpoint: Einstein on Entropy and Builders Risk

Were he alive today, Albert Einstein would make for a fantastic expert witness in builders risk coverage litigation. Einstein’s testimony on the concept of entropy would be particularly insightful—assuming his hourly rate was affordable, of cou...

Posted: Mar 03, 2026

Death and Destruction at Orlando I-4 Project But Punitive Damages Not Allowed

The Interstate 4 construction project in Orlando may have been one of the most accident-plagued sites in Florida history, leading to the deaths of five workers and significant injuries for others, along with damage to vehicles. But one of those &#823...

Posted: Mar 03, 2026

Death and Destruction at Orlando I-4 Project but Punitive Damages Not Allowed

The Interstate 4 construction project in Orlando may have been one of the most accident-plagued sites in Florida history, leading to the deaths of five workers and significant injuries for others, along with damage to vehicles. But one of those &#823...

Posted: Mar 03, 2026

NYC to Install Red Light Cameras at 600 Intersections by Year End

Last month, New York City announced it would begin activating red light cameras at 50 new intersections each week for the next five weeks, reaching 600 intersections by the end of 2026. The New York City Department of Transportation (NYC …

Posted: Mar 03, 2026

Family Members Arraigned in California Auto Insurance Fraud Scheme

A California family is charged with insurance fraud in what authorities describe as a staged staging accident involving a Porsche. Pasadena residents Sarkis Dishchyan, 47, Ani Suzie Labbad, 47, and Violett Lara Labbad, 44, were arraigned on multiple...

Posted: Mar 03, 2026

California Insurance Agent Fraud Found After Student Athlete Death

A licensed insurance agent in California has been charged with insurance fraud and premium theft, which was discovered during an investigation following the death of a student athlete. Gonzalo Lorona, 58, of Oxnard, was charged with 37 felony counts,...

Posted: Mar 03, 2026

King Risk Partners Continues New York Expansion With Acquisition of PRL Associates

Florida-based King Risk Partners is continuing its expansion in the Northeast through the acquisition of PRL Associates, an insurance agency based in Endicott, New York. For more than 15 years, PRL Associates has provided personal and commercial insu...

Posted: Mar 03, 2026

Michigan Farm to Pay $33K to Settle River Pollution Case

Michigan Attorney General Dana Nessel has reached a settlement with Holloo Farms, a concentrated animal feeding operation (CAFO) in Calhoun County, to resolve allegations that the company violated environmental regulations and improperly discharged a...

Posted: Mar 02, 2026

Zurich Insurance and Beazley Agree to US$10.9B Cash Acquisition

Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion),...

Posted: Mar 02, 2026

Zurich Insurance and Beazley Agree to $10.9B Cash Acquisition

Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion),...

Posted: Mar 02, 2026

Business Moves: CRC Group Completes Buy of Euclid Transactional

Independent wholesale specialty insurance distributor CRC Group said it has completed its acquisition of Euclid Transactional. New York City-based Euclid Transactional is a managing general agency that specializes in underwriting transactional insura...

Posted: Mar 02, 2026