Insurance Journal

Everclear High-Proof Alcohol Poses Extreme Risk, Alleges Burn Victim’s Lawsuit

In May 2025, Massachusetts college student Yvette Yuri Lanuza Digan was at a fraternity gathering when another person poured Everclear grain alcohol onto an open fire in the backyard of the house. An enormous fireball instantly erupted, enveloping Di...

Posted: Jul 18, 2025

5Star Workers’ Compensation Rebrands to Starwind WC

Starwind Specialty Insurance Services, a division of CRC Group, announces today its official rebrand of its 5Star Workers’ Compensation unit to Starwind WC. The rebrand includes a new name, logo, and a refreshed website for the 30-year old comp...

Posted: Jul 18, 2025

California Labor Commissioner Cites Ritz-Carlton and Subcontractors $2M

The California Labor Commissioner’s Office cited the Ritz-Carlton Hotel Company LLC and three contractors more than $2 million for reportedly misclassifying 155 janitors as independent contractors at its Half Moon Bay hotel. The citations inclu...

Posted: Jul 18, 2025

Expert Insured (AMS) + Insurance BPO + RQB: A Complete Insurance Operations Ecosystem

This post is part of a series sponsored by Expert Insured. In today’s insurance landscape, managing operations across policy servicing, quoting, and staffing has become a balancing act. Most MGAs, wholesalers, and carriers are juggling outdated...

Posted: Jul 17, 2025

Inszone Acquires Kansas’ Snell-Nelson Insurance Agency

Inszone Insurance Services announced that it has acquired Snell-Nelson Insurance Agency, Inc, an agency based in Ashland, Kansas, with additional operations throughout Kansas and Oklahoma. Established in 1985 by Monica Meininger, Snell-Nelson Insuran...

Posted: Jul 17, 2025

Cybersecurity Bosses Grow Increasingly Worried About AI Attacks and Misuse

Nearly a quarter of cybersecurity bosses said their companies have experienced an attack powered by artificial intelligence in the past year, according to a new survey in which AI risk emerged as the defining challenge. The number of AI-enabled attac...

Posted: Jul 17, 2025

Illinois Woman Sentenced to 15 Years for Insurance Fraud and Arson Scheme

A district judge this month sentenced sentenced Evette “Betty” Osuegbu, 62, of Granite City, Illinois to 15 years in federal prison for her role in a string of arsons and insurance fraud stretching from 2014 to 2023. Following a five-day...

Posted: Jul 17, 2025

Markets/Coverages: Price Forbes Adds Construction Capacity to Cross-Class Facility

Price Forbes, the London-based re/insurance broker, announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders acr...

Posted: Jul 17, 2025

Tesla Failed to Stop Autopilot Misuse, Safety Expert Testifies

Tesla Inc. hasn’t done enough to protect against drivers misusing its Autopilot system, a safety expert testified at a trial over a 2019 fatal collision. Mary “Missy” Cummings, an engineering professor at George Mason University, to...

Posted: Jul 17, 2025

Patriot Growth Adds Florida-based Legacy Insurance to the Team

Patriot Growth Insurance Services, a national insurance brokerage and partnership platform, has announced another team member: Florida-based Legacy Insurance Solutions. Legacy is a family-founded insurance agency with offices in Tallahassee and Palm...

Posted: Jul 17, 2025

Allstate Expects Another $2B Catastrophe Losses in Q2

Prior to reporting second-quarter results later this month, Allstate said today it expects slightly lower catastrophe losses in the second quarter, and estimated the bill to be nearly $2 billion. In reporting monthly catastrophe losses, Allstate esti...

Posted: Jul 17, 2025

Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024

Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2 billion in Q2 2024, with underlying (organic) revenue growth of 4%, compared with an increase of 6% in Q2 2024. …

Posted: Jul 17, 2025

A Look Inside the Tenn. Lab Making Advanced Fuel for US Nuclear Ambitions

OAK RIDGE, Tenn. (AP) — Near signs that warn of radioactive risk at Oak Ridge National Laboratory, a half-dozen workers from the nuclear power company X-energy are making what appear to be gray billiard balls. Inside, they’re packed with thousa...

Posted: Jul 17, 2025

Ryan Specialty Board Member Cameron Findlay Passes Away

Ryan Specialty announced the death of board member D. Cameron (“Cam”) Findlay, who unexpectedly passed away earlier this month at the age of 65. Findlay served on the Ryan Specialty Board, including its pre-IPO predecessor, since 2012, an...

Posted: Jul 17, 2025

FAA Updates Altitudes, Changeover Points for Safe Airspace Navigation in Alaska

The Federal Aviation Administration has issued a final rule amending the instrument flight rules (IFR) altitudes and changeover points for several Federal airways, jet routes, and direct routes in Alaska. These changes are part of routine updates to...

Posted: Jul 17, 2025

Tropical Disturbance Expected to Bring Flash Flooding to Louisiana

A tropical disturbance is expected to make landfall near the northern Gulf Coast Thursday afternoon, creating flash flooding conditions for parts of south-central Louisiana. A moderate risk of excessive rainfall is in place along the south-central Gu...

Posted: Jul 17, 2025

Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves

The Travelers Cos. increased second quarter net income $975 million for a total of about $1.5 billion, and reversed an underwriting loss posted last year for the same period. Travelers’ second quarter underwriting profit was about $1 billion co...

Posted: Jul 17, 2025

Oklahoma Farmer Killed in Water Buffalo Attack, Police Say

A farmer in a rural suburb outside of Oklahoma City was fatally attacked by a pair of water buffaloes he purchased at a livestock auction a day earlier, police said. Bradley McMichael, a farmer in the small town of Jones …

Posted: Jul 17, 2025

Air India Junior Pilot Asked Captain Why He Turned Off Fuel Switches

A cockpit voice recording of doomed Air India Flight 171 indicates the younger co-pilot asked his more experienced colleague why he turned off the plane’s fuel-supply switches, according to people familiar with the matter. The information, from...

Posted: Jul 17, 2025

People Moves: Hotchkiss Adds Three Partners

Hotchkiss Insurance, headquartered in Dallas, Texas, recently added three new partners: Riley Dearing, Jessica Goehring and Heather Etheredge. Dearing leads the West Texas region for the Hotchkiss Benefits Division. He gained experience across multip...

Posted: Jul 17, 2025

Camp Mystic Leader May Not Have Seen Alert Before Flood, Family Spokesman Says

The leader of Camp Mystic had been tracking the weather before the deadly Texas floods, but it is now unclear whether he saw an urgent warning from the National Weather Service that had triggered an emergency alert to phones in …

Posted: Jul 17, 2025

How Hot Can It Get? Scientists Are Struggling to Find an Answer

How hot can a heat wave really get? Before June 2021, scientists thought they knew. That’s when one of the most extreme heat spikes ever observed hit western North America, leaving at least 1,400 people dead. Lytton, British Columbia, smashed &...

Posted: Jul 17, 2025

People Moves: Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines; Mo...

This edition of International People Moves details appointments at Guy Carpenter and Moody’s Ratings. A summary of these new hires follows here. Guy Carpenter Promotes Hakes as Global Head of Marine, Energy, and Technical Lines Guy Carpenter, t...

Posted: Jul 17, 2025

Insurance Supervisors’ Group Seeks Collaboration to Cover Disaster Losses

Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses from natural disasters increase, said the head of a global insurance supervisors’ organization. The p...

Posted: Jul 17, 2025

Trade Credit Specialist Coface Gets Nod From Lloyd’s to Launch Syndicate

Coface, the Paris-based trade credit risk management specialist, announced it has received an “in principle approval” from Lloyd’s to launch a short-term trade credit syndicate. The syndicate – Coface Lloyd’s Syndicate 2546 –...

Posted: Jul 17, 2025