Insurance Journal

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

Viewpoint: Challenging P/C Market Generates Opportunities for Surplus Lines’ Writers

The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for businesses amid expanding risks. The magnitude of...

Posted: May 08, 2025

California Labor Commissioner Fines Care Facility $40,000 in Retaliation Case

A mental healthcare facility was ordered to pay $40,460 after the California Labor Commissioner’s Office found the company unlawfully terminated a care facility worker for reporting workplace violations. The LCO cited Ali Baba Corp. for workpla...

Posted: May 08, 2025

Report: Oregon Worker’s Comp Claims Fell in 2023 from Previous Two Years

Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational...

Posted: May 08, 2025

Report: Oregon Worker’s Comp Claims Fell in 2023 From Previous Two Years

Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational...

Posted: May 08, 2025

Pennsylvania Governor’s Residence to Get an ‘Anti-Climb’ Fence to Boost Security

A barrier described as an “anti-climb fence” is in the works for the Pennsylvania governor’s official residence, the state police chief said Tuesday, less than a month after a late-night intruder jumped the existing fence, broke int...

Posted: May 08, 2025

People Moves: WTW Appoints Lofstrom for New England; Pepe Joins K&B for Claims

Willis, a WTW business headquartered in New York City, appointed David Lofstrom as deputy regional leader, New England within corporate risk and broking (CRB) in North America. Lofstrom’s new position includes working closely with the full New...

Posted: May 08, 2025

New York School District Sues Two Insurers Over Coverage for Child Victim Claims

A Long Island school district is accusing two insurers of ducking their responsibilities to defend and indemnify it against lawsuits by former students claiming they were sexually abused by an elementary school teacher decades ago. Bay Shore Union Fr...

Posted: May 08, 2025

Trucordia Expands on East Coast With Acquisition of Virginia’s Huffman Insurance

Utah-based insurance brokerage Trucordia has acquired Huffman Insurance, a personal and commercial lines insurance agency with offices across Virginia, including locations in Lexington, Staunton, and Covington. Founded by Bolivar and Hazel Huffman in...

Posted: May 08, 2025

Colorado Committee Kills Homeowners Insurance Bill to Control Costs Through 1% Charge

A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill 1302, which was pushed by Gov. Jared Polis and …

Posted: May 07, 2025

Colorado Committee Kills Insurance Bill to Control Costs Through 1% Charge

A Colorado bill to impose a 1% charge on homeowners insurance policies died in a committee in state Legislature this week. The Senate Finance Committee voted 6-2 to kill House Bill 1302, which was pushed by Gov. Jared Polis and …

Posted: May 07, 2025

NTSB Says a Utility Wasn’t Marked Before a Deadly Natural Gas Explosion in Missouri

A deadly explosion that leveled one Missouri home and damaged two others happened after a subcontractor drilled into an unmarked underground gas main while installing fiber optic cable, the National Transportation Safety Board announced Monday. One p...

Posted: May 07, 2025

Midwest Carbon Dioxide Pipeline Could Face More Hurdles

A proposed carbon-capture pipeline that would traverse through several Midwestern states could face more hurdles in Iowa as a dozen Republican state senators try to force the issue to a vote. Summit Carbon Solutions already will likely have to readju...

Posted: May 07, 2025

American Airlines Sues Chicago Over O’Hare Gates for United

American Airlines Group Inc. sued the city of Chicago in a fight with rival United Airlines Holding Inc. over valuable gate space at O’Hare International Airport. The airport is a hub for both airlines, making it the only dual-hub airport &#823...

Posted: May 07, 2025

Texas Bill Would Put Restraints on Businesses Wanting to Tap Into Energy Grid

exas will need a lot more energy in the future. Driven largely by demand from businesses such as data centers and the oil and gas industry, the Electric Reliability Council of Texas, the state’s grid operator, predicts the state’s energy...

Posted: May 07, 2025

Britain to Face More Cyberattacks as AI Adoption Grows, Minister Says

The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on Wednesday. British companies, public bodies and institutions have been hit by a wave of cyberattacks in the past few years,...

Posted: May 07, 2025

South Carolina Lawmakers Reach Agreement on Liquor Liability Relief Bill

With just two days left in South Carolina’s 2025 legislative session, House and Senate negotiators appear to have reached a compromise on a plan to ease liquor liability costs for struggling bars and restaurants. House Bill 3430 does not provid...

Posted: May 07, 2025

Nearly Quarter of People on Long-Acting Opioids Develop Addiction

More than one in five people prescribed extended-release painkillers such as OxyContin developed an addiction within a year, according to a newly released study mandated by the US Food and Drug Administration. The study, repeatedly delayed by more th...

Posted: May 07, 2025

Apollo-Backed Aspen Insurance Guides IPO Price at Midpoint

Aspen Insurance Holdings Ltd. is telling prospective investors it expects to price its initial public offering at $30 per share, the midpoint of its price range, according to people familiar with the matter. The Bermuda-based reinsurer’s IPO, c...

Posted: May 07, 2025