Insurance Journal

Weeks Later, Erie and Philadelphia Insurance Still Working to Restore Networks

Erie Insurance reports it has made progress in reconnecting several business systems and applications as it continues to recover from a network outage that is now 17 days old. The insurer said the network and system outage it initiated on …

Posted: Jun 24, 2025

Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses

Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The flagship product from Adaptive, which says it is building an...

Posted: Jun 24, 2025

Cyclists Blocking Traffic Do Not Always Have to Pull Off Road: Pennsylvania Supreme Court

While cyclists on Pennsylvania road must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they let faster traffic pass by always and immediately pulling off the read, the Pennsylvania Supreme Cour...

Posted: Jun 24, 2025

Cyclists Blocking Traffic Do Not Always Have to Pull Off Road: Pennsylvania High Court

While cyclists on Pennsylvania roads must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they always and immediately pull off the road to let faster traffic pass, the Pennsylvania Supreme Court...

Posted: Jun 24, 2025

Insurers Have New Opportunity in Secondary Perils, Swiss Re Says

Being able to predict the environmental risks that follow a major natural disaster represents an untapped business opportunity for the insurance sector, according to the head of reinsurance firm Swiss Re AG’s China unit. Risks associated with c...

Posted: Jun 24, 2025

People Moves: Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors; AEGIS Lond...

This edition of International People Moves details appointments at Everest Group and AEGIS London. A summary of these new hires follows here. Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors Everest Group Ltd., the Ber...

Posted: Jun 24, 2025

Markets/Coverages: Miller Launches Property Smart-Follow Facility

Miller, the London-based specialist re/insurance broker, has unveiled MillerBoost, a new property smart-follow facility designed to help brokers and their clients move faster and with more conviction in a rapidly evolving market. Powered by InsurX&#8...

Posted: Jun 24, 2025

Firefighters Battle Major Wildfire on Greek Island of Chios, With Evacuations Ordered

Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. Th...

Posted: Jun 24, 2025

Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding

In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …

Posted: Jun 24, 2025

Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs: Sources

U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …

Posted: Jun 24, 2025

Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in US

Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countr...

Posted: Jun 24, 2025

Travelers Subsidiary Ordered to Pay $44M in Missouri Wrongful Conviction Case

A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this...

Posted: Jun 24, 2025

Ford Recalls Nearly 200,000 Mustang Mach Es Due to Faulty Door Latches

Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 1...

Posted: Jun 24, 2025

Western Digital Convinces Judge to Throw Out $552.7M Patent Award

Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …

Posted: Jun 24, 2025

5 Taken to Hospital in NC After Flight From Miami Hits Turbulence

Five people were taken to a North Carolina hospital after a flight from Miami hit turbulence Sunday night, officials said. Fire and rescue crews responded to the flight after it arrived at Raleigh-Durham International Airport around 11:30 p.m. and br...

Posted: Jun 24, 2025

DeSantis Signs Law Giving Condo Owners Some Relief, But Questions Remain

Florida condominium residents grappling with the steep cost of building improvements will get some financial relief under a new bill signed into law by Republican Gov. Ron DeSantis on Monday. House Bill 913 gives condo homeowner associations more fle...

Posted: Jun 24, 2025

UNLV Launches Bachelor’s Degree in Insurance And Risk Management

When school begins at the University of Nevada, Las Vegas, students will have a chance to undertake a bachelor’s degree program in insurance and risk management. The school got the new program approved this month. The first cohort of 35 …

Posted: Jun 24, 2025

Move Over Mainframes: What Modern Hierarchy Management Looks Like and Why It Matters

This post is part of a series sponsored by AgentSync. Not long ago, the insurance industry was ripe with areas of opportunity for digital transformation. Nowadays, from electronic signature tools to AI customer service chatbots to full-scale distribu...

Posted: Jun 23, 2025

Soaring Temperatures Stress US Grids

Blistering heat is straining power grids across the eastern half of the US, leading to a blackout in part of New York City’s borough of Queens as the local utility issued a warning to conserve electricity. Consolidated Edison Inc. is …

Posted: Jun 23, 2025

Leading MGA Goes Live on Expert Insured

This post is part of a series sponsored by Expert Insured. Leading MGA Goes Live on Expert Insured — A New Chapter in MGA Innovation We’re excited to share that NEC Specialty Inc. (NECS) has officially gone live on Expert …

Posted: Jun 23, 2025

People Moves: Starkweather & Shepley Unveils Promotions, Officer Advancements

Starkweather & Shepley Insurance Brokerage Inc., headquartered in East Providence, Rhode Island, made several recent promotions and advancements in officer positions, including: Starkweather & Shepley Insurance Brokerage Inc. Andrew J. Fotopu...

Posted: Jun 23, 2025

US Braces for ‘Low-Level’ Cyberattacks by Iran After Airstrikes

US officials are warning businesses to brace for potential Iranian cyberattacks following American airstrikes on the country’s nuclear sites, an event that experts say could draw a relatively small response from hackers. A bulletin from the Dep...

Posted: Jun 23, 2025

People Moves: Howden Belgium Appoints De Baets as CEO; Liberty Promotes Directors of 3 New Divisions...

This edition of International People Moves details appointments at Howden and Liberty Specialty Markets (LSM). A summary of these new hires follows here. Howden Belgium Appoints De Baets as CEO Howden, the London-based insurance intermediary group, t...

Posted: Jun 23, 2025

Aon Launches AI-Powered Aon Broker Copilot for Commercial Insurance

Aon plc today announced the launch of Aon Broker Copilot, a platform that uses artificial intelligence, large-language models and predictive analytics in the commercial insurance placement process. “Aon Broker Copilot equips our brokers with th...

Posted: Jun 23, 2025

Insurance Sector Should Be on the Lookout for ‘Scattered Spider’ Hackers

Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and most recently Aflac are indicative of a trend. The...

Posted: Jun 23, 2025