Insurance Journal

China Fires Water Cannons After Collision With Philippine Ship

Philippine and Chinese vessels collided Tuesday near a disputed South China Sea shoal, where Chinese coast guard ships fired water cannons as tensions escalate over the rivals’ long-running maritime dispute. The China Coast Guard accused Manila...

Posted: Sep 16, 2025

How a High-M&A Insurance Agency Reduces Complexity at Scale

How INSURICA has streamlined its operations for growth Compliance officers are often the unsung heroes of the insurance industry, battling it out with spreadsheets to help move insurance agents through the ready-to-sell process, and that was historic...

Posted: Sep 16, 2025

Gucci Owner Kering Says It Was Hacked, Limited Data Accessed

Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …

Posted: Sep 16, 2025

Gucci Owner Kering Says it Was Hacked, Limited Data Accessed

Kering SA, whose luxury brands include Gucci, Saint Laurent and Balenciaga, said Monday it was the victim of a data breach that was discovered in June, the latest in a string of attacks on the consumer goods sector. Hackers accessed …

Posted: Sep 16, 2025

VW Brown Owner Ripley Takes Over as Chair of Big ‘I’

Angela Ripley, owner and president of Maryland-based VW Brown Insurance Service, is the new chair of the Independent Insurance Agents & Brokers of America (the Big “I”). Ripley became the second woman to serve as chair at the organiza...

Posted: Sep 16, 2025

AmTrust Expands E&S Division, Spins Off Some MGAs With Blackstone

AmTrust Financial Services has a busy day on Sept. 15 as it expanded its excess & surplus division to include new lines, appointed leadership, and announced an agreement with Blackstone Credit & Insurance to spin off certain managing general...

Posted: Sep 16, 2025

Australia Pledges $6 Billion by 2030 to Tackle Climate Hazards as Disaster Risk Rises

Australia will spend A$9 billion ($6 billion) on climate adaptation through 2030 as it braces for more frequent, severe and overlapping hazards caused by global warming, the government said in two climate-related reports on Monday. The money is earma...

Posted: Sep 16, 2025

Citizens No Longer Winning Most Arbitration Cases. They’re Settling for Next to Nil

Pressure may be mounting on Florida’s Citizens Property Insurance Corp. to reduce its use of state-agency arbitration for claims disputes, following new class-action lawsuits, court rulings and national news reports suggesting the alternative d...

Posted: Sep 16, 2025

California Lawmakers Pass Bill to Boost Oil Production

California lawmakers passed a bill over the weekend that would allow the construction of thousands of new oil wells annually in the Golden State in a bid to make oil supply more affordable for refineries and keep fuel prices in …

Posted: Sep 16, 2025

Former Executive of Mars Candy Subsidiary Pleads Guilty to Stealing $28M

A former executive for a subsidiary of candymaker Mars Inc. pleaded guilty last Thursday to fraud and tax charges in connection with his theft of $28 million from the company, federal prosecutors said. Paul Steed, 58, appeared in federal court &#8230...

Posted: Sep 16, 2025

California Commissioner Pushes for Wildfire Recovery Bill, Other Legislation

California Insurance Commissioner Ricardo Lara is urging Gov. Gavin Newsom to sign several wildfire and health-related bills that have passed the Legislature and are now awaiting the governor’s approval. “They reflect our collective respo...

Posted: Sep 15, 2025

Study: Medical Costs Double in California Comp Claims Associated With Functional Restoration Program...

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensatio...

Posted: Sep 15, 2025

Medical Costs Double in California Comp Claims With Functional Restoration Programs

Claims associated with functional restoration programs in California’s workers’ compensation system averaged $234,003 total, 59% higher than matched non-FRP claims, a new study shows. A study from the California Workers’ Compensatio...

Posted: Sep 15, 2025

Skyward Specialty Names Zitzmann as President of Inland Marine and Transactional Property

Skyward Specialty Insurance Group recruited Christopher Zitzmann as President of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry exp...

Posted: Sep 15, 2025

Skyward Specialty Names Zitzmann President of Inland Marine, Transactional Property

Skyward Specialty Insurance Group recruited Christopher Zitzmann as president of Inland Marine and Transactional Property. With more than two decades of experience in the property and inland marine markets, Zitzmann is known for his deep industry exp...

Posted: Sep 15, 2025

People Moves: World Insurance Associates Adds Posey as Lead of Market Relationships

World Insurance Associates announced today that Zach Posey has joined as its new leader of market relationships. Posey, who is based in Chicago, will engage with contingent capital providers to include insurers in developing unique solutions for clie...

Posted: Sep 15, 2025

California Extending Cap-And-Trade Program Aimed at Advancing State Climate Goals

California will extend a key climate program under a bill state lawmakers passed Saturday, sending the measure to Gov. Gavin Newsom, who has championed it as a crucial tool to respond to the Trump administration’s environmental rollbacks. The D...

Posted: Sep 15, 2025

Six States to Receive Federal Disaster Aid From Summer Floods

President Donald Trump has approved federal disaster aid for six states and tribes following storms and floods that occurred this spring and summer. The disaster declarations, announced Thursday, will allow federal funding to flow to Kansas, North Ca...

Posted: Sep 15, 2025

School Bus Carrying Oklahoma Softball Team Crashes, Injuring 7

A school bus carrying softball team members in Oklahoma crashed into a deer and overturned, ejecting some passengers and injuring seven people, the state highway patrol said. The crash happened Monday night on State Highway 152 near Minco in Grady &#...

Posted: Sep 15, 2025

Trump Files to Cancel Approval of Maryland Offshore Wind Farm

The Trump administration asked a federal court to cancel the approval of a $6 billion wind project planned off the coast of Maryland as part of a wider effort to halt the development of the offshore clean- energy resource. The …

Posted: Sep 15, 2025

US Political Violence Surges to Record, Bloomberg Analysis Shows

Political violence in a polarized US is surging, with the past five years of assassinations and attempts on the lives of politicians the highest on records dating back to the 1960s, a Bloomberg Geo-Economic analysis shows. Since the start of …

Posted: Sep 15, 2025

Exclusive Member of Reinsurance Class of 2025: Duperreault’s Cedar Trace

There are certain traits of hard reinsurance market cycles: prices rise, terms and conditions tighten, and new Bermuda reinsurers are formed to help fill capacity needs — known in the past by the market as the “class of 1992,” &#822...

Posted: Sep 15, 2025

Georgia Church Leaders Charged With Buying Homes With False Documents

Leaders of a Georgia-based church with congregations in five states have been charged by federal prosecutors with swindling millions of dollars in veterans benefits from parishioners serving in the military. An indictment unsealed in U.S. District Co...

Posted: Sep 15, 2025

Reuters: AI Chatbots Were Happy to Help Craft a Phishing Scam

The email seemed innocent enough. It invited senior citizens to learn about the Silver Hearts Foundation, a new charity dedicated to providing the elderly with care and companionship. “We believe every senior deserves dignity and joy in their g...

Posted: Sep 15, 2025

Georgia Judge Won’t Award Attorney Fees to Governments in Rivian Lawsuit

A judge has rejected an attempt by the state of Georgia and a local development agency to force people who unsuccessfully sued to block an electric vehicle plant to pay the government’s legal fees. State government and the development authority...

Posted: Sep 15, 2025