Insurance Journal

Markets/Coverages: QBE Starts New Commercial Property Product for Large Companies

QBE North America today announced the launch of its new commercial property product, providing custom solutions for comprehensive coverage to large companies across the United States. Combining deep, industry-leading expertise with a commitment to cu...

Posted: May 12, 2025

Chinese Exporters Elated by Reprieve in US-China Trade War

The US-China deal temporarily lowering tariffs comes as a relief for Chinese exporters in limbo since the onset of a trade war between the world’s two largest economies. The Trump administration’s 145% duties on most Chinese imports will...

Posted: May 12, 2025

Hub to Get $1.6B Minority Investment, Valuing Company at $29B

Hub International Limited said the brokerage entered into a definitive agreement on an investment of about $1.6 billion from several firms. Hub said the investment, valuing the Chicago-based company at $29 billion, is being led by accounts advised by...

Posted: May 12, 2025

Cyber Insurer Coalition: Costs From Business Email Compromise Rise in 2024

About 60% of claims handled by cyber insurer Coalition were from business email compromises—and about a third of those including funds transfer fraud. According to it’s “2025 Cyber Claims Report,” Coalition said claims severity invo...

Posted: May 12, 2025

Insurer Coalition: Costs From Business Email Compromise Rise in 2024

About 60% of claims handled by cyber insurer Coalition were from business email compromises—and about a third of those including funds transfer fraud. According to it’s “2025 Cyber Claims Report,” Coalition said claims severity invo...

Posted: May 12, 2025

Markets/Coverages: Markel Launches Clinical Trials Cover to Support Research Globally

Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its clinical trials insurance product. Markel said the product underscores its commitment to providing best-in-class solutions to support clinical trials res...

Posted: May 12, 2025

Tornadoes, Winds, Rain Hit Florida Panhandle and Parts of Alabama

Tornadoes, strong winds and flash flooding hit parts of north Florida and Alabama over the weekend, damaging dozens of homes and commercial and farm structures, weather and local news sites reported. In the Florida Panhandle, tornadoes ripped roofs f...

Posted: May 12, 2025

Drug Companies Paying Hawaii $700 Million to Settle Plavix Blood Thinner Suit

Pharmaceutical companies have agreed to pay Hawaii $700 million to settle its lawsuit over the efficacy and safety of the blood thinner Plavix, the state attorney general’s office announced. A court ruling last year ordered Bristol Myers Squibb...

Posted: May 12, 2025

Tesla Driver Charged in California Attacks Arrested Again for Road Rage in Hawaii

A Tesla driver charged with attacking motorists’ vehicles with a pipe in the Los Angeles area has been arrested again for allegedly assaulting two women during a road rage incident in Honolulu. The recent arrest comes less than a year …

Posted: May 12, 2025

Labor Market Stays Resilient, but Workers Less Productive in Q1

The number of Americans filing new applications for unemployment benefits fell sharply as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along, though risks are mounting from tariffs. Employers...

Posted: May 12, 2025

Newark Plane Traffic Slowed Again Due to Telecoms Issue, FAA Says

The Federal Aviation Administration was forced to briefly slow arriving and departing planes at New Jersey’s Newark Liberty International Airport on Sunday because of a new telecommunications issue, the agency said. The Philadelphia Terminal Ra...

Posted: May 12, 2025

Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies

The recovery of a superyacht that sank last year off the Sicilian coast was temporarily halted Saturday following the death of a specialist diver while working underwater, the company overseeing the operation said. U.K. tech magnate Mike Lynch, his d...

Posted: May 12, 2025

Heathrow Fire Timeline Set Out as Grid Security Focus Sharpens

A detailed timeline of the events surrounding the unprecedented day-long blackout that hit London’s Heathrow Airport has been set out by the National Energy System Operator, as scrutiny of grid security intensifies. Heathrow was plunged into ch...

Posted: May 12, 2025

Carrier Management announces agenda and speakers for its 2025 InsurTech Summit

San Diego, CA. May 12, 2025 — Today, Carrier Management announced the agenda and speakers for The InsurTech Summit 2025. The event is designed for: carrier executives, entrepreneurs and investors, insurance technologists, wholesale and retail agents,...

Posted: May 12, 2025

North Dakota Insurance Commissioner Granted Authority to Require Restitution

The North Dakota insurance commissioner has the authority to require insurance companies to pay restitution to harmed policyholders under a bill signed into last month. House Bill 1088, signed into law on April. 10 by Gov. Kelly Armstrong, grants the...

Posted: May 12, 2025

Ohio High School Lacrosse Player Dies from Injuries Suffered During Game

An Ohio high school lacrosse player died Thursday from injuries he suffered during a lacrosse game. The family of Dylan Veselic announced his death in a message posted to the Bay Village High School lacrosse team’s X account. Veselic, a …

Posted: May 12, 2025

Texas Woman Sentenced for Disaster Relief Fraud Scheme

A Texas woman has been sentenced for conspiracy to commit wire fraud which resulted in approximately $620,000 in losses, U.S. Attorney Nicholas J. Ganjei announced last week. Cora Chantail Custard, a 35-year-old who had resided in both Houston and Sa...

Posted: May 12, 2025

White House Dismisses Democrats on Consumer Product Safety Commission

The Trump administration dismissed three Democrats on the five-member Consumer Product Safety Commission, a White House official confirmed Friday. The three Democratic commissioners said the firings were illegal. The CPSC issues product recalls to ad...

Posted: May 12, 2025

‘Don’t Get in My Way,’ the New Acting Head of FEMA Warns Staff

The new head of the federal agency tasked with responding to disasters across the country warned staff in a meeting Friday not to try to impede upcoming changes, saying that “I will run right over you” while also suggesting policy …

Posted: May 12, 2025

Authorities Arrest 100+ People on Tennessee Roads in Deportation Plan

NASHVILLE, Tenn. (AP) — More than 100 people have been taken into custody by federal immigration officials in a joint operation with the Tennessee Highway Patrol, leaving many in Nashville’s immigrant community uncertain and worried. “Non...

Posted: May 12, 2025

4.1 Magnitude Tennessee Earthquake Rattles Homes as Far Away as Atlanta

ATLANTA (AP) — A 4.1-magnitude earthquake in Tennessee woke up families and rattled homes as far away as Atlanta as it spread tremors across portions of the southern U.S. on Saturday morning. No injuries or major damage were immediately reported. &#8...

Posted: May 12, 2025

People Moves: Rothwell Joins Cowbell in California as Controller

Vivien Rothwell joined Cowbell as controller. Rothwell has more than 20 years of experience in corporate finance and accounting, working across the real estate, insurance, and FinTech sectors. Rothwell began her career at Deloitte & Touche LLP in...

Posted: May 12, 2025

Google Settles $1.4B Lawsuit with Texas Over Data Privacy Violations

Google will pay $1.4 billion to Texas to settle claims the company collected users’ data without permission, the state’s attorney general announced Friday. Attorney General Ken Paxton described the settlement as sending a message to tech...

Posted: May 12, 2025

Google Settles $1.4B Lawsuit With Texas Over Data Privacy Violations

Google will pay $1.4 billion to Texas to settle claims the company collected users’ data without permission, the state’s attorney general announced Friday. Attorney General Ken Paxton described the settlement as sending a message to tech...

Posted: May 12, 2025

Report Shows NYC Helicopter Breaking Apart in Midair Before Crash That Killed 6

Federal officials last Wednesday released images of a doomed New York City sightseeing helicopter as it broke apart in midair last month, killing six people. The series of still photographs taken from surveillance camera video shows the fuselage, con...

Posted: May 12, 2025