Insurance Journal

FEMA Flood Maps Often Miss Flash Flood Risks, Leaving Homeowners Unprepared

Deadly and destructive flash flooding in Texas and several other states in July 2025 is raising questions about the nation’s flood maps and their ability to ensure that communities and homeowners can prepare for rising risks. The same region of...

Posted: Jul 14, 2025

Florida Meteorologist Predicts Where the Next Hurricane Will Hit, For a Price

Colorado State University’s hurricane research team, perhaps the best-known and most-often quoted forecasting service, last week revised its prediction for the 2025 Atlantic hurricane season downward slightly – to eight hurricanes, three of the...

Posted: Jul 14, 2025

Report Shows Excessive Heat Pushes Worker Injury Risk Sky High

It may come as no surprise that heat-related worker injury claims rise on hot days, but the magnitude of the increase is an eye-opener. As temperatures skyrocketed during early summer heat waves across the United States, the Workers Compensation Rese...

Posted: Jul 14, 2025

Flash Floods Once Again Hit Vermont, Damaging Homes and Roads

Communities in rural parts of Vermont on Friday woke up once again to damaged homes and washed-out roads due to heavy rainfall and flash flooding, making it the third consecutive summer that severe floods have inundated parts of the state. …

Posted: Jul 14, 2025

People Moves: Victor Names Damico President of Torrent; Alliant Hires Blake as Employee Benefits SVP

Victor appoints Damico President of Torrent Victor Insurance named Mark Damico president and chief operating officer of Torrent Technologies, Victor’s flood insurance technology and services business in the U.S. The appointment is effective Jul...

Posted: Jul 14, 2025

Trump Administration Targets George Mason University in Anti-DEI Campaign

The Trump administration last Thursday opened a civil rights investigation into the hiring practices at George Mason University, expanding a national campaign against diversity policies to Virginia’s largest public university. The Education Dep...

Posted: Jul 14, 2025

California Schools Facing Billion-Dollar Sex Abuse Payouts ‘Untenable’

When Samantha Muñoz was a second grader at Fancher Creek Elementary in Clovis, her teacher told her she “wasn’t that bright” and needed extra help with schoolwork. He’d make her stay in the classroom at recess, or tell her to...

Posted: Jul 14, 2025

DuPont Agrees to $27M Settlement in Polluted Water Lawsuit in Upstate New York

HOOSICK FALLS, N.Y. (AP) — Chemical maker DuPont has agreed to a $27 million settlement to resolve a nearly decade-long lawsuit over the contamination of an upstate New York village’s water supply. The deal was announced Wednesday by lawyers re...

Posted: Jul 14, 2025

Houthi Rebels Sink Ship in Red Sea, Killing at Least 4 With 11 Missing: EU Naval Mission

Four people are presumed dead and 11 others are still missing after a Liberian-flagged cargo ship sank in the Red Sea following an attack by Yemen’s Houthi rebels, a European Union naval mission said Friday. The update from the EU’s &#823...

Posted: Jul 11, 2025

Tesla Plans Robotaxi Expansion to California and Arizona

Tesla Inc. is aiming to bring its driverless taxis to California and Arizona as the carmaker plots an expansion on the heels of last month’s limited rollout in Austin. Chief Executive Officer Elon Musk predicted on his social media service &#82...

Posted: Jul 11, 2025

Questions Linger on Response to Deadly Texas Flash Flood

Key questions remain unanswered about the actions Texas officials took both before and during the catastrophic July Fourth holiday floods as a painstaking search for victims continues along the Guadalupe River nearly a week later. Officials have avoi...

Posted: Jul 11, 2025

Ohio Rules That Data Centers Pay for Minimum Energy Needs

Regulators in Ohio, a key data center market, ruled that data centers will have to pay for some of their energy requests regardless of whether the electricity ends up being needed. The Public Utilities Commission of Ohio on Wednesday voted …

Posted: Jul 11, 2025

Trump Administration Investigates Minnesota Agency’s Affirmative Action Policy

The Trump administration said Thursday that it has opened an investigation into whether a Minnesota state agency’s newly updated affirmative action policy violates civil rights laws. The Minnesota Department of Human Services’ policy requ...

Posted: Jul 11, 2025

Farmers in Texas Face Severe Losses From Floods

Across a wide swath of Texas, the inundated rivers that ravaged communities also tore through farms and ranches. In the town of Bend, about two hours north of Austin, Boyd Clark waded into rising waters to help one of his …

Posted: Jul 11, 2025

NC Man Claimed Almost $300,000 in Travel Insurance Losses. Then He Was Arrested

Oscar Rafeal Ruiz was a busy man in 2023 and 2024, jetting to numerous places, losing his luggage multiple times and filing travel insurance claims of almost $300,000. The problem, North Carolina authorities said, is that most of the claims …

Posted: Jul 11, 2025

T-Mobile Ending DEI Programs as it Seeks FCC Approval for 2 Deals

Wireless carrier T-Mobile US said on Wednesday it is ending its diversity, equity and inclusion programs, under pressure from the Trump administration as it seeks regulatory approval for two major deals. T-Mobile said in a letter to Federal Communica...

Posted: Jul 11, 2025

Countertop Maker in Georgia Fined for Exposing Workers to Silica Dust

The federal Occupational Safety and Health Administration fined a Georgia countertop maker $33,000 for allegedly exposing workers to high levels of silica dust, which causes silicosis and other respiratory ailments. Brazilian Stone Design, in Powder...

Posted: Jul 11, 2025

Georgia Commercial Lender Owner Charged With $140M Ponzi Scheme

NEWNAN, Ga. (AP) — A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140 million, federal officials alleged in a complaint filed Thursday. The civil lawsuit by the U.S. Securities and Exchange Commiss...

Posted: Jul 11, 2025

How Northeast States Will Share in $720 Million Opioid Settlement With 8 Firms

States have secured about $720 million in settlements from eight pharmaceutical companies accused of fueling the opioid epidemic. The settlement was achieved as part of a nationwide collaborative effort by state attorneys general. Individual states&#...

Posted: Jul 11, 2025

Microsoft Outlook Users Experience Hourslong Outage Impacting Email

After Outlook users ran into issues accessing their email accounts late Wednesday and into Thursday, Microsoft says that affected systems are back online. Microsoft 365 first said that it was investigating an issue with Outlook Wednesday night, and l...

Posted: Jul 11, 2025

How Carriers Can Win More Retail Broker Biz: Report

By segmenting retail brokers into tiers using premium volume, profitability and strategic alignment as factors to define top tiers, carriers can start to win more business, according to a new consulting firm report. The report, How Insurers Can Win M...

Posted: Jul 11, 2025

People Moves: Consilium Taps Carpenter’s Coleman for C-Suite After Co-CEO Baird Suddenly Exits; Ever...

This edition of International People Moves details appointments at the broker Consilium and Everest’s International Insurance Operation. A summary of these new hires (and one exit) follows here. Consilium Taps Carpenter’s Coleman for C-Su...

Posted: Jul 11, 2025

Gun Makers Lose Appeal of New York Law Making Them Potentially Liable for Shootings

A New York state law holding gun manufacturers potentially liable when their weapons are used in deadly shootings was upheld Thursday by a federal appeals court. The ruling Thursday by the 2nd U.S. Circuit Court of Appeals in Manhattan affirmed &#823...

Posted: Jul 11, 2025

Markets/Coverages: Aon Launches Insurance Facility for Full Lifecycle of Data Centers

Insurance broker Aon plc announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations. As glo...

Posted: Jul 11, 2025

Red Sea Insurance Premium Spikes as Houthi Risks Return

The cost of insuring commercial ships that sail past Yemen’s Houthi militants surged after the rebels sank two ships and killed sailors this week, underscoring how the attacks have revived risk in the crucial waterway. Shipowners now have to pa...

Posted: Jul 11, 2025