Insurance Journal

Trump Administration Sued by States for Cutting Disaster Prevention Grants

A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from terminating a multibillion-dollar grant program that funds infrastructure upgrades to protect against natural disasters. The law...

Posted: Jul 17, 2025

Afore Buys TailoredRisk Insurance in Naples, Elevates Paolini

Afore Insurance Services, an Atlanta-area-based insurance brokerage, has acquired TailoredRisk Insurance Advisors of Naples, Florida. TailoredRisk founding principal John Paolini was named executive vice president for the national personal lines divi...

Posted: Jul 17, 2025

DeSantis Names Ingoglia CFO. Tough Talk, Mixed Voting Record on Property Insurance

The Florida Department of Financial Services, without a department head since April – after Jimmy Patronis was elected to Congress – has a new chief financial officer in the form of Blaise Ingoglia, a millionaire home builder and recent state …

Posted: Jul 17, 2025

DeSantis Names Ingoglia CFO; Tough Talk, Mixed Voting Record on Property Insurance

The Florida Department of Financial Services, without a department head since April – after Jimmy Patronis was elected to Congress – has a new chief financial officer in the form of Blaise Ingoglia, a millionaire home builder and recent state …

Posted: Jul 17, 2025

Trucordia Acquires Vegas Valley Benefit Plans in Nevada

Trucordia has acquired the business of Vegas Valley Benefit Plans. Vegas Valley Benefit Plans is a provider of employee benefits and insurance services based in Las Vegas, Nevada. Trucordia is the group name for an insurance brokerage headquartered i...

Posted: Jul 17, 2025

People Moves: Liberty Company Insurance Brokers Launch Liberty Naranjo; King Joins Alliant’s Employe...

The Liberty Company Insurance Brokers launched a new Northern California, San Francisco Bay Area office, Liberty Naranjo, led by managing partners and brothers, Jonathan and Michael Naranjo. Liberty Naranjo will serve as an employee benefits and prop...

Posted: Jul 17, 2025

Trial Against Meta Over Facebook Privacy Violations Begins

An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — begins Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consultin...

Posted: Jul 17, 2025

Meta Investors, Zuckerberg Reach Settlement to End $8B Privacy Litigation Trial

Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users’ privacy,...

Posted: Jul 17, 2025

Fans Injured at Game When Railing Collapsed Settle Claims With Washington Commanders

Four fans who were injured at a Washington Commanders NFL game in 2022 when a railing in the stadium collapsed have settled their negligence claims against the team. The confidential settlement comes after a federal appeals court last October found &...

Posted: Jul 17, 2025

Fans Injured When Stadium Railing Collapsed Settle With Washington Commanders

Four fans who were injured at a Washington Commanders NFL game in 2022 when a railing in the stadium collapsed have settled their negligence claims against the team. The confidential settlement comes after a federal appeals court last October found &...

Posted: Jul 17, 2025

United Natural Foods Projects Up to $400 Million Sales Hit After Cyber Breach

Providence, Rhode Island-headquartered United Natural Foods on Wednesday flagged about $350 million to $400 million hit to its fiscal 2025 net sales from an unauthorized activity on its internal networks. The grocery distributor took certain systems...

Posted: Jul 17, 2025

Pennsylvania Regulator Has Nixed $200M in P/C Insurance Rate Hikes in First 6 Months

The Pennsylvania Insurance Department (PID) reported that its actuaries denied $210.1 million in requested property/casualty (P/C) insurance premium increases in the first six months of 2025, which is more than was saved in all of 2024. Under the sta...

Posted: Jul 17, 2025

PE Firm Warburg Pincus Acquires Majority Stake in Keystone Agency Partners

Insurance broker and agency network Keystone Agency Partners (Keystone), announced that the private equity firm Warburg Pincus will acquire a majority stake in the company. Financial details of the transaction were not disclosed. Keystone Agency Part...

Posted: Jul 17, 2025

Deadly Massachusetts Fire Highlights Assisted-Living Regulation, Staffing

The Massachusetts assisted-living facility where a fatal fire killed nine people was caring for dozens of aging residents reliant on wheelchairs and oxygen tanks, but it lacked the safety measures and most of the staffing requirements that are common...

Posted: Jul 17, 2025

People Moves: Society Insurance Names Felton to Board of Directors

Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Chris Felton of Burlington, Wisconsin, as a director Felton is president and chief executive officer of Corporate Central Credit Union, leading strategy, innovation and operations. I...

Posted: Jul 16, 2025

Aon Promotes Reinsurance Leaders as John Neal Takes a New Direction With AIG

Insurance broker Aon announced the promotions of Alfonso Valera as CEO of International for Reinsurance, responsible for UK, EMEA and APAC, and Steve Hofmann as CEO of Americas for Reinsurance, responsible for North America and Latin America. In addi...

Posted: Jul 16, 2025

Progressive Q2 Income More Than Doubles

Second quarter net income at Progressive Corp. increased 118% compared to the same period a year ago to about $3.2 billion. Progressive reports results monthly. Net income for June was up 40% to $1.1 billion. Year-to-date net income as of …

Posted: Jul 16, 2025

Venbrook Launches Habitational Product for California Condos, Townhomes

Venbrook Group has entered a strategic alliance with DB Insurance to bring a specialty coverage option for multi-unit residential properties in California. The product is tailored for condominium and townhome homeowners association policies. It is th...

Posted: Jul 16, 2025

The Hartford Promotes Chhabra to Chief Risk Officer

The Hartford said it is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year. Chhabra, who since 2018 has held the role of senior vice president and …

Posted: Jul 16, 2025

Former Lloyd’s CEO Neal to Lead General Insurance as President at AIG

American International Group (AIG) said today that former Lloyd’s CEO John Neal is joining as president, effective December 1. Neal, who at the start of 2025 was named CEO of reinsurance at Aon, will lead AIG’s General Insurance—North Ame...

Posted: Jul 16, 2025

Strong Argument for Cameras Emerges in Jet Crash Probes, IATA Chief Says

The installation of cockpit cameras would greatly help aviation safety authorities investigating accidents like the recent fatal Air India crash, according to the head of the International Air Transport Association. “On a personal basis, I can...

Posted: Jul 16, 2025

Air India Crash Supports Argument for Cockpit Cameras, IATA Chief Says

The installation of cockpit cameras would greatly help aviation safety authorities investigating accidents like the recent fatal Air India crash, according to the head of the International Air Transport Association. “On a personal basis, I can...

Posted: Jul 16, 2025

Global Insured Losses From Natural Cats Hit $100B in H1, Driven by US Wildfires, SCS

Global insured losses during the first half of this year were at least $100 billion with more than 90% of that total – or approximately $92 billion – driven by wildfires and severe convective storms in the U.S., according to …

Posted: Jul 16, 2025

First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events

Global insured losses during the first half of this year were at least $100 billion with more than 90% of that total – or approximately $92 billion – driven by wildfires and severe convective storms in the U.S., according to …

Posted: Jul 16, 2025

Florida People Rush to Help Plane Near Airport Mayor Says is Plagued With Crashes

Residents in a Miami suburb used an ax, fire extinguisher and garden hose to rescue four people from a small plane that crashed into a tree in yet another mishap near a busy South Florida airport. “It was nothing short …

Posted: Jul 16, 2025