Insurance Journal

French Parliament Ousts Prime Minister, Deepening Political Crisis

France’s parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone’s second-largest economy. Lawmakers voted to oust Prime Minister F...

Posted: Sep 09, 2025

Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court

A Connecticut insurance agent has no duty to inform clients that their home insurer intends not to renew their insurance policy, the state’s high court recently affirmed in a case where the homeowners had argued that their long relationship wit...

Posted: Sep 09, 2025

CIWA Launches Matt Abram Scholarship to Honor Legacy of Popular Insurance Pro

The California Insurance Wholesalers Association has created the CIWA Future Matt Abram Scholarship, established in memory of Matthew Abram. The scholarship helps celebrate Abram’s legacy of energy, community, and connection by supporting risin...

Posted: Sep 09, 2025

Oregon Workers’ Comp Pure Premium Rate Dropping

Oregon employers on average would pay 87 cents per $100 of payroll for workers’ compensation costs in 2026, down from 91 cents this year, under a new proposal. The Oregon Department of Consumer and Business Services called for the decline &#823...

Posted: Sep 09, 2025

US Property Insurance Costs Hit New High as Disasters Worsen

The cost of property insurance in the US rose to an all time-high in the first half of the year, as homeowners faced sharp price increases in states recently affected by climate-related disasters, such as California. The average insurance payment &#8...

Posted: Sep 08, 2025

Renaissance Introduces the First in a Suite of AI Solutions for Independent Agents

Agency network Renaissance said it has become the first of its kind to deliver an exclusive suite of artificial intelligence solutions built specifically for independent insurance agents. “Independent insurance agents face unique challenges tha...

Posted: Sep 08, 2025

Texas Hemp Industry Breathes Sigh of Relief as Legislators Avoid Ban

When news broke last Wednesday afternoon of a last-minute push to pass new, stricter regulations for consumable hemp products, the employees at Austin Vape & Smoke sprung into action. Zaquiri Hensen, a manager at the South Austin store, said he &...

Posted: Sep 08, 2025

Philips Faces Deepened French Probe Over Sleep Apnea Device Safety

French prosecutors stepped up an investigation into Royal Philips NV for potentially causing danger to human health with breathing devices, tasking a magistrate with deeper probing powers to lead the case. Paris prosecutors said on Monday that the de...

Posted: Sep 08, 2025

Buffett’s Oregon Utility Says Fire Lawsuits Pose Shutdown Risk

Berkshire Hathaway Inc.’s PacifiCorp says ongoing litigation from massive wildfires in 2020 that exposed the company to billions of dollars in damages is jeopardizing its ability to continue providing power to hundreds of thousands of customers...

Posted: Sep 08, 2025

People Moves: Lockton Promotes Rapciewicz and Cullen to Lead US Casualty

Brokerage Lockton announced new leadership appointments within its U.S. casualty business. Peter Rapciewicz has been named U.S. casualty leader, and Jessica Cullen appointed head of excess casualty and operations. Rapciewicz will oversee the strategi...

Posted: Sep 08, 2025

NCCI Calls for 6.9% Average Decrease in Florida Workers’ Comp Rates

Starting in January, workers’ compensation insurance rates for Florida businesses could drop by an average of 7%. The National Council on Compensation Insurance last week recommended an average rate decrease of 6.9% for the voluntary market, ef...

Posted: Sep 08, 2025

Florida Official Dismisses Need to Study Vaccine Mandate

Florida Surgeon General Joseph Ladapo said there’s no need to do projections of the potential effects of ending vaccine mandates for children, as Governor Ron DeSantis pushes to make his state the first one to scrap immunization requirements. &...

Posted: Sep 08, 2025

US Plant Raid Jolts South Korea and Stirs Investor Anxiety

The immigration raid on a Georgia EV battery plant run by two South Korean firms has rattled Seoul, coming less than two weeks after President Lee Jae Myung’s White House meeting with Donald Trump where Korean companies pledged to invest &#8230...

Posted: Sep 08, 2025

Older Homes for Sale in California Now Come With Wildfire Warnings

Most California homes were built long before the state required that they be constructed to withstand wildfires. Now, sellers of older homes in high-risk areas must disclose to potential buyers not only a dwelling’s susceptibility to fire but w...

Posted: Sep 08, 2025

California Suit That Claimed Fox Sports Ex-Host Harassed Stylist Has Been Mostly Resolved

A woman who worked as a hairstylist for Fox Sports has resolved most of a lawsuit that alleged former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. …

Posted: Sep 08, 2025

Suit That Claimed Fox Sports Ex-Host Harassed Stylist Has Been Mostly Resolved

A woman who worked as a hairstylist for Fox Sports has resolved most of a lawsuit that alleged former host Skip Bayless made repeated, unwanted advances toward her — including an offer of $1.5 million to have sex with him. …

Posted: Sep 08, 2025

Direct Home Insurer Kin Raises $50M in Series E Financing

Direct-to-consumer homeowners insurer Kin said it has raised an oversubscribed $50 million Series E financing, at a pre-money valuation of $2 billion. The digital insurer also closed on a $200 million debt facility, $145 million of which was used to...

Posted: Sep 08, 2025

Markets/Coverages: Everest Introduces EverBuild for Evolving Construction Risks

Everest Insurance, the insurance division of Everest Group, recently announced the launch of EverBuild, an enhanced Builder’s Risk coverage form. EverBuild underscores the company’s long-standing commitment to supporting the construction...

Posted: Sep 08, 2025

Judge Approves Chapter 11 Plan for Rochester Diocese With $246M Claims Fund

A federal bankruptcy judge on Friday signed off on a $246 million fund to pay abuse claims as part of the Catholic Diocese of Rochester’s Chapter 11 reorganization plan to emerge from bankruptcy. Having witnessed six years of bankruptcy proceed...

Posted: Sep 08, 2025

People Moves: Ames & Gough Promotes Four Executives

Ames & Gough, headquartered in McLean, Virginia, appointed Lauren Martin and Jessie Witherow as vice presidents and of Nicole Gonzalez and Katie O’Brien as assistant vice presidents. All four executives are based in the firm’s Washing...

Posted: Sep 08, 2025

How Fast Will the Reinsurance Market Soften?

A softer reinsurance market will prevail during the Jan. 1 reinsurance renewals. The only question is how much more softening will happen and how fast, leaders of Guy Carpenter said during a recent media briefing. Laurent Rousseau, Guy Carpenter&#821...

Posted: Sep 08, 2025

New York Attorney General Settles Lead Paint Complaint Against Major Buffalo Landlord

New York Attorney General Letitia James announced a resolution of her office’s lawsuit to protect Buffalo children and families from lead poisoning in their homes. An agreement filed Friday in Erie County Supreme Court settles the lawsuit and r...

Posted: Sep 08, 2025

Google Hit With $3.45 Billion EU Antitrust Fine Over Adtech Practices

Alphabet’s Google was hit with a 2.95-billion-euro ($3.45 billion) European Union antitrust fine on Friday for anti-competitive practices in its lucrative adtech business, a sharp sanction that riled up U.S. President Donald Trump. The fine, th...

Posted: Sep 08, 2025

Judge Dismisses Lawsuit Against Detroit Officer in Facial Recognition Arrest

A judge has dismissed a lawsuit against Detroit police in the wrongful arrest of a pregnant woman who was charged in a carjacking partly because of facial recognition technology. Porcha Woodruff, who was eight months pregnant, spent 10 hours in &#823...

Posted: Sep 08, 2025

California Insurance Commissioner’s Conservation & Liquidation Office Issues RFP Seeking Independent...

The California Insurance Commissioner’s Conservation and Liquidation Office (CLO), as Conservator of California Insurance Company (CIC), is seeking an Independent Consultant to assist the Conservator in performing Section 2.6 and Schedule 2.6 o...

Posted: Sep 08, 2025