Insurance Journal

Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss

The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5 million loss …

Posted: May 14, 2025

People Moves: The Buckner Company Appoints Kettler as President

The Buckner Company appointed Joshua Kettler as president, effective June 2. Kettler has experience spanning strategy, operations and executive advisory roles. He worked at Patagonia, where he was a partner to the head of global sales and customer ex...

Posted: May 14, 2025

Judge Recommends Approving 17% State Farm Rate Hike in California

It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Selig...

Posted: May 13, 2025

At Least 10 Sickened in Listeria Outbreak Linked to Prepared Foods

At least 10 people in the U.S. have been sickened in a listeria outbreak linked to ready-to-eat food products, and a producer is voluntarily recalling several products, federal officials said. The U.S. Food and Drug Administration said Saturday that...

Posted: May 13, 2025

1 Killed, 32 Injured in Bus Vs. SUV Crash on LA Area Freeway

One person was killed and 32 people were injured, including two critically, when a tour bus and a sport utility vehicle collided on a Los Angeles area freeway, officials said. The lone occupant of the SUV died after the vehicle …

Posted: May 13, 2025

Florida OIR Fines Centauri Specialty for Unappointed Adjusters, Other Issues

Sarasota-based Centauri Specialty Insurance, now part of Arbol’s Lilypad Insurance Holdings, used non-appointed adjusters in the wake of Hurricane Ian in 2022 and has agreed to pay a $100,000 fine to Florida regulators. A market conduct examina...

Posted: May 13, 2025

Maine Weighs What to Do When Religion Collides With Auto Insurance

Maine lawmakers today are expected to consider a measure that would allow followers of the Mennonite religion to self-insure for motor vehicle insurance. Rep. Steve Foster (R-Dexter) introduced the bill on behalf of his Mennonite constituents who say...

Posted: May 13, 2025

Four Hondurans Indicted in Florida on $89M Workers’ Comp, Tax Avoidance Charges

A grand jury in Orlando last week indicted four Honduran nationals for allegedly operating an off-the-books cash payroll scheme for construction workers that defrauded workers’ compensation insurers and avoided payroll taxes. Iris Villafranca,...

Posted: May 13, 2025

Court to Weigh Small Business Bid to Block Trump Tariffs

Five American small businesses will ask a U.S. court on Tuesday to halt President Donald Trump’s “Liberation Day” tariffs, arguing the president overstepped his authority by declaring a national emergency to impose across-the-board...

Posted: May 13, 2025

Court Hears Small Business Bid to Block Trump Tariffs

Five American small businesses asked a U.S. court on Tuesday to halt President Donald Trump‘s “Liberation Day” tariffs, arguing that he overstepped his powers by declaring a national emergency to impose across-the-board taxes on imp...

Posted: May 13, 2025

Markets/Coverages: CRC’s Starwind Specialty Launches 4 Programs

Starwind Specialty Insurance Services, a CRC Group company, said it has launched four insurance programs — Starwind Environmental, Starwind PVT (Political Violence & Terrorism), Starwind Equipment, and Starwind Cannabis. Starwind Environmental, l...

Posted: May 13, 2025

Georgia Insurance Commissioner King Joins Race for Ossoff’s U.S. Senate Seat

Inflammatory Congresswoman Marjorie Taylor Greene won’t, but Georgia Insurance Commissioner John King will run for the U.S. Senate now held by Democrat John Ossoff. King, a former police chief in Georgia, was appointed to the insurance commissi...

Posted: May 13, 2025

Georgia Insurance Commissioner King Joins Race for Ossoff’s US Senate Seat

Inflammatory Congresswoman Marjorie Taylor Greene won’t, but Georgia Insurance Commissioner John King will run for the U.S. Senate now held by Democrat John Ossoff. King, a former police chief in Georgia, was appointed to the insurance commissi...

Posted: May 13, 2025

Former XL CEO McGavick Returns to Insurance With AI Firm Mea Platform

Mike McGavick is returning to the insurance world as a strategic advisor and board chairman of Mea Platform, an artificial intelligence firm focusing on transactions and operations for carriers, managing general agents, and brokers. McGavick is the f...

Posted: May 13, 2025

Grid Warns Extreme Heat Risks Summer Power Shortages in Midwest to East

PJM Interconnection LLC, the largest US electric grid serving about 20% of Americans from the Midwest to East Coast, warned that extreme heat this summer could trigger supply shortages for the first time. While PJM expects to have enough power &#8230...

Posted: May 13, 2025

FAA Convening Emergency Task Force on Newark Telecom Outages

The Trump administration said on Monday it was convening an emergency task force and fast-tracking urgent steps to prevent additional telecom outages at the facility overseeing Newark air traffic after three incidents have shaken public confidence. A...

Posted: May 13, 2025

Man Who Fell 21 Feet at Pirates Game Takes First Steps But Has ‘Long Way to Go’

The 20-year-old man who fell from the top of a 21-foot-high wall onto the warning track at PNC Park during a Pittsburgh Pirates game last week took his first steps Monday but still has “a long way to go” in …

Posted: May 13, 2025

Google Facing at Least €12 Billion in Civil Claims Across Europe

Alphabet Inc.’s Google is facing at least €12 billion ($13.3 billion) in damage claims from dozens of price comparison websites across the European Union which allege that the search and advertising giant stole their customers, according to a B...

Posted: May 13, 2025

Residents Jumped From Windows in Wisconsin Apartment Fire That Killed 4

Residents jumped from the windows of a four-story apartment building in Milwaukee during a Mother’s Day fire that killed four people, critically injured four others and grew so intense that the blaze outmatched the first firefighters to arrive,...

Posted: May 13, 2025

United Security Insurance Expands Personal Lines Auto to Arizona

United Security Insurance Company has expanded its personal lines auto insurance product into Arizona. The product was developed by USIC and is marketed by Warrior Insurance Network. Arizona is the first state in WIN member insurance companies’...

Posted: May 13, 2025

India Approves More Russian Insurers to Provide Marine Cover

India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top &#8...

Posted: May 13, 2025

Global Banking Regulators Agree to Prioritize Climate Risk Work

Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world’s forum for banking regulators met on Monday...

Posted: May 13, 2025

Markel Insurance CEO Wilson Lays Out Strategy for ‘Bread-and-Butter’ E&S Business

“You can’t cut yourself to greatness.” Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to convey the idea the hard work...

Posted: May 13, 2025

Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suit...

Posted: May 13, 2025

People Moves: Everest Promotes Mesagaes to Reinsurance Head of Renewable Energy; Westfield Specialty...

Everest Promotes Mesagaes as Reinsurance Head of Renewable Energy Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jonathan Mesagaes has been named head of Renewable Energy. He will report to John Hyland, head of Un...

Posted: May 13, 2025