Insurance Journal

Iowa Public Adjuster Charged With Forgery and Identity Theft

A Bettendorf, Iowa insurance public adjuster has been charged with forgery and identity theft, the Iowa Insurance Division (IID) announced. Dennis Flaherty, age 74, of Moline, Illinois, was charged with one count of Forgery (Class D felony) and three...

Posted: Jul 21, 2025

AM Best Revises Outlook to Negative for Wisconsin’s Society

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Society Insurance, a mutual company based in Fond du Lac,...

Posted: Jul 21, 2025

Missing Persons Count From Texas Floods Down to 3

More than two weeks after catastrophic July Fourth floods along the Guadalupe River in Kerr County, authorities reported Saturday that nearly all of the people who had remained on the list of missing persons have been verified as safe. As …

Posted: Jul 21, 2025

Car Strikes Crowd Outside Los Angeles Venue, Injuring 30

A vehicle rammed into a crowd of people waiting to enter a performance venue along a busy boulevard in Los Angeles early Saturday, injuring 30 people and leading bystanders to attack the driver, authorities said. The driver was later found …

Posted: Jul 21, 2025

Hackers Exploit Microsoft SharePoint as Firm Works to Patch

Microsoft Corp. warned that hackers are actively targeting customers of its document management software SharePoint, with security researchers flagging the risk of potentially widespread breaches around the world. Vulnerabilities in the software have...

Posted: Jul 21, 2025

Renewal Rates in Q2 Tell of ‘Slowly Softening’ Commercial Lines Market, Says Ivans

Premium renewal rates increased year-over-year for all major commercial lines, except workers’ compensation, according to second quarter 2025 results of the Ivans Index. The Chicago-based technology provider for insurance carriers, agents, and...

Posted: Jul 21, 2025

People Moves: HDI Global Canada Appoints Reedie as Head of Engineering and Construction; QBE Promote...

This edition of International People Moves details appointments at HDI Global Canada and QBE Europe. A summary of these new hires follows here. HDI Global Canada Appoints Reedie as Head of Engineering and Construction Derek Reedie has been appointed...

Posted: Jul 21, 2025

People Moves: Triple-I’s Porfilio New Head of Personal, Commercial Development at WTW’s ICT; Aspen N...

WTW appointed Dale Porfilio as senior director and head of personal and commercial lines business development in its insurance consulting & technology (ICT) business. Based in Chicago, Porfilio will be responsible for driving growth, market share...

Posted: Jul 21, 2025

Trump’s Auto Safety Pick Promises Rapid Self-Driving Deployment

President Donald Trump’s choice to lead the nation’s top car safety regulator pledged to prioritize safety while at the same time making it easier for automakers to deploy-self driving cars. Jonathan Morrison, who was nominated by Trump o...

Posted: Jul 21, 2025

Credit Insurer Atradius Gets In-Principle Approval to Launch Lloyd’s Syndicate

Atradius, the Amsterdam-based global credit insurer, announced that Lloyd’s on July 15 granted “in principle” approval for a new syndicate, due to launch on Jan. 1, 2026. Atradius Syndicate 1864 will focus on trade credit risks, ini...

Posted: Jul 21, 2025

Police: Florida Man Firebombed Insurance Agency, Is Linked to Competing Agency

A central Florida man has been charged with shooting at and throwing Molotov cocktails into an insurance agency office in Lake Wales last spring. Lake Wales Police said Jason Roberts was tracked down last week in Jasper, Georgia, after surveillance &...

Posted: Jul 21, 2025

Flood Re’s Reinsurance Costs Surge on UK Claims Frequency and Severity

Flood Re, a joint initiative between the UK government and insurers designed to make flood cover more affordable for homeowners, has reported a precipitous increase in reinsurance rates and claims costs. “The global cost of reinsurance is incre...

Posted: Jul 21, 2025

Orion180 Offering Flexible Home and Flood Insurance in Coastal Massachusetts

Orion180 Insurance, a provider of homeowners and flood insurance coverages, has launched its FLEX Home Insurance product in nine eastern counties of Massachusetts. FLEX provides customizable coverage, allowing homeowners to adjust coverages and deduc...

Posted: Jul 21, 2025

Transgender Woman Sues Princeton for ‘Humiliating’ Removal From Track Meet

A transgender woman has sued Princeton University claiming she was illegally removed shortly before her race in a school-hosted track meet in May due to her gender identity. An attorney for Sadie Schreiner filed the complaint in New Jersey Superior &...

Posted: Jul 21, 2025

‘Simply Fake’: The Dossier That Warned Credit Suisse About Gupta

The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank’s key borrowers, was a “clear participant” in a multi-billion dollar fraud, it claimed. It was...

Posted: Jul 21, 2025

The Dossier That Warned Credit Suisse About Sanjeev Gupta

The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank’s key borrowers, was a “clear participant” in a multi-billion dollar fraud, it claimed. It was...

Posted: Jul 21, 2025

Family of Man Crushed by Bulldozer at Atlanta Homeless Camp Sues the City

ATLANTA (AP) — The family of a homeless man who died after a bulldozer crushed his tent during an encampment sweep sued the city of Atlanta on Friday over his death, calling it “tragic and preventable.” The lawsuit filed by …

Posted: Jul 21, 2025

Owner of Tenn. Factory Where Workers Drowned in Helene Won’t Face Charges

NASHVILLE, Tenn. (AP) — The owner of a factory where six workers died last year in flooding from Hurricane Helene won’t face charges after a Tennessee Bureau of Investigation found no criminal wrongdoing. First Judicial District Attorney Genera...

Posted: Jul 21, 2025

Evidence Shows Jeju Air Pilots Shut Off Less-Damaged Engine Before Crash: Source

The South Korea-led investigation into Jeju Air’s fatal plane crash in December has “clear evidence” that pilots shut off the less-damaged engine after a bird strike, a source with knowledge of the probe said on Monday. The source s...

Posted: Jul 21, 2025

Singapore Says Cyber Espionage Group Targeting Critical Infrastructure

Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by security experts to be linked to China. “UNC3886 poses a serious threat to us, and has the potential to undermine &#...

Posted: Jul 21, 2025

Texas Mutual’s Ward Elected to NCCI Board of Directors

Jeanette Ward, president and CEO of Texas Mutual Insurance Company, has been elected as one of the insurer members on the National Council on Compensation Insurance 2025 Board of Directors. NCCI provides a comprehensive source for workers’ comp...

Posted: Jul 21, 2025

Ambani’s Jio Agrees to Reinsurance Venture With Allianz in India

Mukesh Ambani’s Jio Financial Services Ltd. agreed to form a reinsurance venture with Allianz SE in India, advancing the billionaire’s quest to broaden his reach in the sector. The 50-50 venture combines Jio’s local digital footprin...

Posted: Jul 21, 2025

ITRC: 2025 Data Breaches Outpace Same Period Last Year

New analysis indicates there were 1,732 publicly reported U.S. data compromises in the first half of 2025—5% ahead of 2024’s pace, according to the Identity Theft Resource Center (ITRC). However, the number of victim notices in H1 2025 (165,745...

Posted: Jul 21, 2025

How Crockett, Texas Turned a Devastating Tornado Into Funding for Sirens

A small East Texas community is in the final stages of installing a state-of-the-art disaster warning system officials have been working toward for years. Six new sirens will be placed strategically throughout the city of Crockett, about two hours no...

Posted: Jul 21, 2025

Russell Reappointed as Commissioner of Oklahoma Workers’ Compensation Commission

Jordan Russell was sworn in recently for his third appointment as Commissioner of the Oklahoma Workers‘ Compensation Commission (OWCC) and as Chair of the Commission. Russell is the longest-serving Commissioner, being first appointed by former...

Posted: Jul 21, 2025