Insurance Journal

Stein Wants $13.5B From Congress for NC Hurricane Helene Recovery

North Carolina Gov. Josh Stein on Monday requested $13.5 billion more from Congress in recovery aid for Hurricane Helene almost a year after the historic storm, saying additional help is needed from Washington to address record amounts of damage and...

Posted: Sep 18, 2025

Radian to Acquire Lloyd’s Syndicate Inigo for $1.7B in Specialty Insurance Push

Radian Group said on Thursday it would buy UK-based Inigo for $1.7 billion as the U.S. mortgage insurer seeks to transform into a global multi-line specialty insurer. The company’s expansion into the Lloyd’s global specialty market follow...

Posted: Sep 18, 2025

Update: Radian to Acquire Lloyd’s Syndicate Inigo for $1.7B in Specialty Insurance Push

Radian Group said on Thursday it would buy UK-based Inigo for $1.7 billion as the U.S. mortgage insurer seeks to transform into a global multi-line specialty insurer, sending its shares up nearly 7%. The Pennsylvania-based company’s expansion i...

Posted: Sep 18, 2025

Lyft, Waymo to Offer Driverless Rides in Nashville in 2026

Lyft Inc. is partnering with Waymo for the first time to offer robotaxi service in Nashville starting next year, a deal that helps it better compete with rival Uber Technologies Inc. Alphabet Inc.-owned Waymo, which has been conducting testing in &#8...

Posted: Sep 18, 2025

People Moves: Wolf Joins Alliant in New England, Stein Joins in Maryland

Benefits consultant Rob Wolf has joined Alliant Insurance Services as vice president within its employee benefits group. Based in New Hampshire, Wolf has more than 25 years of experience spaning strategy, planning, underwriting, cost containment, and...

Posted: Sep 18, 2025

NICB: Vehicle Thefts in First Half 2025 Down 23% From Last Year

U.S. vehicle thefts fell 23% in the first six months of 2025 from the first half of last year, a report out Wednesday from the National Insurance Crime Bureau shows. There were 334,114 vehicle thefts reported in the first half …

Posted: Sep 18, 2025

Apollo Seeks $10 Billion From Insurers With Complex Debt Vehicle

Apollo Global Management Inc. is set to use a rare structure to raise $10 billion from insurers, people with knowledge of the matter said, in the latest illustration of the increasing ties between private capital and annuity providers. The New &#8230...

Posted: Sep 18, 2025

Beetle That Threatens Australia’s Grains Industry Found in Imported Diapers

Australia has detected the larvae of khapra beetles in imported nappies sold in supermarkets nationwide, the agriculture ministry said, raising concerns the pest could infest grain storages and disrupt agricultural exports. The ministry said in a sta...

Posted: Sep 18, 2025

People Moves: Allianz Commercial Names Stewart Head of Liability, N.A.; Alliant Hires Martin to Lead...

Allianz Commercial Appoints Stewart as North American Head of Liability Global insurer Allianz Commercial, with U.S. headquarters in New York City, appointed Mary Ann Stewart as regional head of liability, North America, effective September 22. Based...

Posted: Sep 18, 2025

Climate Change Led to At Least 16,500 Heat Deaths in Europe This Summer

Climate change fueled scorching summer temperatures that killed an estimated 16,500 people in European cities this summer, pushing overall heat deaths to more than three times what might otherwise have occurred, according to a new study. The analysis...

Posted: Sep 18, 2025

Bamboo Insurance and Accredited Partner to Expand Homeowners Coverage in California

Bamboo Insurance entered into a partnership with Accredited the companies say will provide availability and coverage options to homeowners across California. Bamboo’s E&S Signature product combines Bamboo’s tech-enabled underwriting p...

Posted: Sep 18, 2025

Storage Facility Employee Dies in Golf Cart Rollover

Police and rescue personnel in Marlborough, New Hampshire were dispatched earlier this month to the local Extra Space storage facility for a reported golf cart rollover and entrapment. The crews found the single occupant of the golf cart still pinned...

Posted: Sep 18, 2025

New York Executives Blast State Over Regulatory ‘Black Hole’

At a recent roundtable with New York executives, Heather Briccetti Mulligan remembers the frustration of a businessman who compared trying to file a permit for a $200 million construction project with ordering a pizza. The pizza could be tracked by &...

Posted: Sep 18, 2025

New York Financial Firm Invests $37.4 Million in New Jersey MGA Leap

Syracuse, New York based financial services firm Community Financial System, Inc. is expanding its commitment to insurance by investing $37.4 million in the insurance business of Leap Holdings, Inc. Leap’s wholly owned subsidiary, Leap Insuranc...

Posted: Sep 18, 2025

People Moves: IMA Appoints Boothroyd Chief People Officer; bolt Names Scott Head of Strategy and Ind...

IMA Financial Group Appoints Boothroyd as Chief People Officer IMA Financial Group, Inc. named Greg Boothroyd chief people officer. He leads IMA’s people strategy, focusing on programs and practices that invest in talent, preserve the firm&#821...

Posted: Sep 18, 2025

Update: SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits

The U.S. securities regulator on Wednesday said it would allow companies seeking to go public to require that investors resolve claims of fraud or other false statements through arbitration rather than court litigation, handing a victory to companies...

Posted: Sep 17, 2025

Jefferson Parish’s Improved Flood Rating to Bring Cost Savings for Residents

Residents of Jefferson Parish, Louisiana could soon see a reduction in flood insurance premiums, after the parish improved its class rating for the National Flood Insurance Program (NFIP). Jefferson Parish’s Community Rating System (CRS) will i...

Posted: Sep 17, 2025

Texas Drops Suit Against Doctor Accused of Illegal Care for Transgender Youth

One of the nation’s first doctors accused of illegally providing care to transgender youth under GOP-led bans was found to have not violated the law, Texas Attorney General Ken Paxton’s office says, nearly a year after the state sued the...

Posted: Sep 17, 2025

Michigan Auto Parts Manufacturer Sued for Discrimination

An auto parts manufacturer with a facility in Plymouth, Michigan, violated federal law when it refused to allow an older, female worker with a disability to re-enter its apprenticeship program, the U.S. Equal Employment Opportunity Commission (EEOC)...

Posted: Sep 17, 2025

Illinois Man Admits to Starting Fire at a Gas Station

A Belleville, Illinois man appeared in federal court to admit to an arson charge for setting a fire in a Lebanon gas station bathroom. Carlos A. Rodriguez, 33, pleaded guilty to one count of arson of real property used in …

Posted: Sep 17, 2025

SEC Poised to Review IPO Bar on Mandatory Shareholder Arbitration

Wall Street’s top regulator will on Wednesday consider a policy change that could allow companies going public to force shareholders to resolve disputes in private arbitration rather than through court litigation, in a major shift that could we...

Posted: Sep 17, 2025

People Moves: Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance for France; DUAL E...

This edition of International People Moves details appointments at Arch Insurance and DUAL Europe. A summary of these new hires follows here. Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance, France Arch Insurance announced t...

Posted: Sep 17, 2025

Insurance Industry Reps Back Reauthorization of Federal Terrorism Backstop

Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in Washington today Michelle Sartain, who has worked at Marsh for more than 28 years, encouraged lawmakers to reauthorize the Terrorism …

Posted: Sep 17, 2025

Authorities Examining Why Concrete Mixer Turned On, Killing Alabama Worker

An Alabama worker died from blunt force trauma after he he was performing maintenance inside an industrial concrete mixer, a coronor has determined. The investigation is continuing into the death of Edgar Earl Davis IV, age 29, who was pronounced &#8...

Posted: Sep 17, 2025

Business Moves: Intermediary Specialist Risk Group Buys UK Broker Champion Insurance; Broker Clear G...

UK Intermediary Specialist Risk Group Buys Broker Champion Insurance Specialist Risk Group (SRG), the London-based insurance intermediary, announced it has acquired Champion Insurance Group and its specialist subsidiaries Champion Professional Risks...

Posted: Sep 17, 2025