Insurance Journal

People Moves: Indiana Farm Bureau Insurance promotes Zeilinga to agency manager

Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he...

Posted: May 08, 2025

People Moves: Indiana Farm Bureau Insurance Promotes Zeilinga to Agency Manager

Indiana Farm Bureau Insurance, headquartered in Indianapolis, Indiana, promoted Chris Zeilinga to agency manager of the Hancock-Henry-Shelby-Rush Agency. Zeilinga joined Indiana Farm Bureau Insurance in 2002 as an agent in Marion County. In 2018, he...

Posted: May 08, 2025

Liberty Mutual Q1 Net Income Down 33%

Liberty Mutual Holding Company Inc. booked consolidated first quarter 2025 net income of about $1 billion, down about 33% from the same period a year ago. Catastrophe losses for the first three months of 2025—driven by the wildfires in California—wer...

Posted: May 08, 2025

Many US Cities Are Sinking. But In Texas, It’s Worse

Cities across the US are sinking,and the problem is most pronounced in Texas, according to a new study. The research, which examined 28 cities and was published in science journal Nature on Thursday, found all of them were affected by …

Posted: May 08, 2025

Root Builds on First Profitable Year With Solid Q1 Results

Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 …

Posted: May 08, 2025

Root Builds on First Profitable Year With Reversal of Q1 Loss to Start 2025

Root Inc. reported first quarter net income of $18.2 million to build off results of 2024—its first profitable year. The net profit for the first three months of 2025 is compared to a net loss of $6.2 million for Q1 …

Posted: May 08, 2025

Apollo’s Aspen Insurance Raises $397.5 Million in US IPO

Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, co...

Posted: May 08, 2025

Trump’s Plan to Fix Air Traffic Control Faces Huge Hurdles

U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. K...

Posted: May 08, 2025

People Moves: Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe; Sompo Int’l Ho...

Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Typhaine Beaupérin as client leader, Risk Management, Europe, effective end of June 2...

Posted: May 08, 2025

Jury Awards $3M for Defective Airbag That Seriously Injured Florida Man

MIAMI (AP) — A South Florida jury has awarded $3 million to a man who was severely injured by a defective airbag in a 2020 crash. Miami-Dade jurors reached a verdict for Jose Hernandez on Thursday, according to court records. …

Posted: May 08, 2025

Markets/Coverages: CFC Launches Simplified Intellectual Property Product

CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of u...

Posted: May 08, 2025

Family Sues Over Florida Deputy’s Shooting of Airman at Apartment

The family of a U.S. airman who was shot by a Florida sheriff’s deputy inside his own home sued the deputy, the sheriff and the owner of the airman’s apartment complex on Tuesday, saying they want to ensure people are …

Posted: May 08, 2025

Zurich Insurance Property/Casualty Revenue Rises in 1st Quarter; Targets Affirmed

Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer b...

Posted: May 08, 2025

Zurich Insurance P/C Revenue Rises in 1st Quarter; Targets Affirmed

Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer b...

Posted: May 08, 2025

Update: Engineer Report Showed Clearwater Condo in Good Condition Last Fall

A recent engineering report on a 46-year-old condominium building in Clearwater found no significant structural problems before cracks were found in a concrete support column this week, according to local news reports. The Tampa Bay Times and other n...

Posted: May 08, 2025

Lloyd’s Names Tiernan as CEO, Succeeding Neal Who Is Moving to Key Role at Aon

Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal fini...

Posted: May 08, 2025

Lloyd’s Promotes Chief of Markets Tiernan to CEO, Succeeding Neal

Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal fini...

Posted: May 08, 2025

Teenage Basketball Players Among 8 Killed in Kansas Highway Crash

Two teenage basketball players, a coach and a trainer from the Tulsa, Oklahoma, area who were on their way back from a tournament were among eight people killed in a fiery head-on highway crash in eastern Kansas. Authorities said the …

Posted: May 08, 2025

How Does Food Safety Work, and What Cuts Has Trump Made?

Recent actions by President Donald Trump’s administration, including staff cuts at the Food and Drug Administration, have raised questions among consumers about food safety in the United States. Here is an explanation of how food safety inspect...

Posted: May 08, 2025

St. Louis to Pay $4M Settlement Over Conditions at Now-Closed Jail

St. Louis has agreed to pay $4 million to settle a class action lawsuit alleging that inmates at a former medium-security jail were housed in “inhumane conditions” that included rodent feces in food, infestations of bugs and snakes, and u...

Posted: May 08, 2025

Hub Acquires Louisiana’s Demarie Insurance

Hub International Limited announced that it has acquired the assets of FGLP Equity Partners, LLC dba Demarie Insurance Agency (Demarie Insurance). Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Demarie Insurance is a...

Posted: May 08, 2025

UnitedHealth Sued by Shareholders Over Reaction to Backlash From Executive’s Killing

UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed &...

Posted: May 08, 2025

Chairman of South Korea’s SK Group Apologizes for Massive Data Leak at SK Telecom

SK Group Chairman Chey Tae-won apologized on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial informatio...

Posted: May 08, 2025

UK Cyber Security Chief Names China as Dominant Hacking Threat

The UK has named China as the dominant threat to national cybersecurity after a series of hacks and breaches involving British government departments and critical infrastructure. “China remains the pacing threat in the cyber realm,” Richa...

Posted: May 08, 2025

EU to Propose More Sanctions on Russia’s ‘Shadow’ Oil Tankers

The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil tankers as it seek to crank up pressure on Russia over its war against Ukraine. The sanctions suggested by the …

Posted: May 08, 2025