Insurance Journal
A former food delivery driver pleaded guilty to conspiring with others to steal more than $2.5 million from DoorDash by getting the company to pay for deliveries that never occurred, federal prosecutors said. Sayee Chaitanya Reddy Devagiri pleaded gu...
Posted: May 16, 2025
Delos Insurance Solutions Appoints Coffman CRO Delos Insurance Solutions appointed Jeremy Coffman to the newly created role of chief revenue officer. As CRO, Coffman focuses on expanding Delos’ agency, carrier, and business to business relation...
Posted: May 16, 2025
A lack of oxygen that incapacitated the pilot and three passengers is likely what caused a private jet to become unresponsive before flying over the nation’s capital and prompting the military to scramble fighter jets in 2023, according to a &#...
Posted: May 16, 2025
Hackers had near-constant access to some of Coinbase Global Inc.’s most valuable customer data since January, according to a person familiar with the incident who asked not to be named discussing company matters. The largest US crypto exchange...
Posted: May 16, 2025
This post is part of a series sponsored by Cotality. There’s a blurry line between where a wildfire ends and a conflagration begins. But, without an understanding of both types of fires, their dynamics, and their unique risks, it is …
Posted: May 15, 2025
Zurich North America announced key leadership changes within U.S. national accounts and underwriting as Heather Fox has been promoted to lead national accounts and Peter Caminiti was promoted to chief underwriting officer. Fox was most recently chief...
Posted: May 15, 2025
David Richardson, the new head of the Federal Emergency Management Agency, said on Thursday that states would in the future bear half the costs for responding to natural disasters, up from 25% under current cost-sharing levels. Richardson, who took t...
Posted: May 15, 2025
This post is part of a series sponsored by Expert Insured. If every change in your system requires a support ticket, it’s already slowing you down-and costing you more than you think. At the Target Markets Mid-Year Conference in Dallas, …
Posted: May 15, 2025
Federal safety regulators have asked Elon Musk’s car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robotaxi” launch that is key to keeping its...
Posted: May 15, 2025
Rep. Scott Fitzgerald today reintroduced a bill to eliminate the subpoena power of the Federal Insurance Office (FIO). The Insurance Data Protection Act was first presented by Fitzgerald, R-Wis., to the U.S. House of Representatives in September 2023...
Posted: May 15, 2025
Sweltering heat more commonly seen in the throes of summer than in the spring was making an unwelcome visit this week to a large portion of the U.S. – from the Dakotas to Texas and other parts of the South …
Posted: May 15, 2025
Sweltering heat more commonly seen in the throes of summer than in the spring was making an unwelcome visit this week to a large portion of the U.S. – from the Dakotas to Texas and other parts of the South …
Posted: May 15, 2025
Coterie, a small business MGA, announced it is relocating its headquarters from Cincinnati to Appleton, Wisconsin. Coterie said relocating the company’s headquarters to Appleton provides a reduction in operational costs and improved efficiencie...
Posted: May 15, 2025
CALHOUN, Ga. (AP) — Three people were killed and two others injured in a fiery wreck involving multiple vehicles and semi-trailers on the interstate that connects Atlanta to Chattanooga, Tennessee, authorities said. The crash closed all of the southb...
Posted: May 15, 2025
JACKSON, Miss. (AP) — A defamation lawsuit filed by retired NFL quarterback Brett Favre against Mississippi Auditor Shad White for his comments on a welfare scandal will move forward after Mississippi’s Supreme Court on Thursday denied White...
Posted: May 15, 2025
Advocus National Title Insurance Company, headquartered in Chicago, Illinois, named Mike Moore senior vice president of Illinois operations. Moore has been part of Advocus (formerly ATG) for over 30 years, and most recently served as vice president o...
Posted: May 15, 2025
Birmingham-based CRC Group, a wholesale and specialty insurance broker, announced new hires in underwriting and company leadership. JV Franks, with some 25 years in the insurance brokerage business, was named underwriting team leader, based in New Or...
Posted: May 15, 2025
This edition of International People Moves details appointments at American International Group and Willis. A summary of these new hires follows here. AIG Taps Colombo From Swiss Re as CEO, Latin America and Caribbean American International Group (AI...
Posted: May 15, 2025
Tampa-based Slide Insurance announced it has finalized a $250 million catastrophe bond through Purple Re Ltd., expanding Slide’s hurricane protection in Florida and South Carolina. “Securing cat bonds over the past couple of years and bui...
Posted: May 15, 2025
Hedge fund Fermat Capital Management expects the market for catastrophe bonds to grow 20% this year, as a product based on disasters gains ground in a world increasingly shaped by extreme weather, population density and inflation. The market “h...
Posted: May 15, 2025
Coinbase Global Inc. said hackers bribed contractors or employees outside the US to steal sensitive customer data and demanded a $20 million ransom, in one of the most high-profile security breaches of a crypto trading platform. The largest US crypto...
Posted: May 15, 2025
Workers’ compensation remained a healthy and profitable line in 2024 but claims severity grew with an increase of 6% for medical claim severity and 6% for indemnity claim severity. That’s according to the National Council on Compensation...
Posted: May 15, 2025
Xiaomi Corp. electric vehicle sales in China have taken a hit since March after a fatal highway accident and consumer unhappiness around the marketing of one version of its car. Orders for Xiaomi’s SU7 sedan plunged to around 36,000 units ̷...
Posted: May 15, 2025
French President Emmanuel Macron said on Thursday that getting European regulation to be more in sync with the United States and the United Kingdom was one of his priorities for the banking and insurance sectors. Speaking at JPMorgan’s markets...
Posted: May 15, 2025
With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry’s aggregate 2024 combined ratio was 96.5—marking the lowest figure since 2013, a new report shows. Fine-tun...
Posted: May 15, 2025