Insurance Journal
International specialty insurer Ryan Specialty announced the formation of a new collateralized reinsurance vehicle called Ryan Alternative Capital Re, Ltd. (RAC Re) RAC Re will deliver additional capacity to Ryan Specialty Underwriting Managers’...
Posted: Sep 05, 2025
The Alabama Department of Insurance has promoted Dusty Smith to the role of deputy commissioner, replacing Jimmy Gunn, who is retiring after 36 years at the department. Smith, a former insurance agent, joined the department in 2011 and has served ...
Posted: Sep 05, 2025
Firefighters are slowly gaining on several wildfires burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The TCU September Lightning Complex fires, which were started by numerous...
Posted: Sep 05, 2025
Even after more than three years of Republican-led attacks against environmental, social and governance investing, the strategy is still “extremely important,” according to RBC BlueBay Asset Management. “Focusing on ESG as part of y...
Posted: Sep 05, 2025
Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial. In a Wednesday filing in New York state court, the private equity …
Posted: Sep 05, 2025
Gannett, the largest U.S. newspaper publisher, won the dismissal of most of a lawsuit, including all class action claims, alleging its diversity policies led to widespread discrimination against white journalists. U.S. District Judge Rossie Alston sa...
Posted: Sep 05, 2025
Judd Joins AXA XL Energy Underwriting Team AXA XL, in Stamford, Connecticut, hired Eric Judd as an executive underwriter on its energy underwriting team in the Americas in New York. With more than three decades of experience in the insurance …
Posted: Sep 05, 2025
President Donald Trump will soon ask the Supreme Court to throw out a jury’s finding in a civil lawsuit that he sexually abused writer E. Jean Carroll at a Manhattan department store in the mid-1990s and later defamed her, his …
Posted: Sep 05, 2025
Massachusetts Governor Maura Healey said Thursday the state had ordered insurers to cover vaccines backed by its health department, even if the U.S. Centers for Disease Control and Prevention issue narrower recommendations. Insurers would no longer r...
Posted: Sep 05, 2025
This post is part of a series sponsored by Old Republic Surety. Early in my underwriting career, it wasn’t unusual to meet a company owner who had recently climbed down from a ladder or the seat of a bulldozer to …
Posted: Sep 05, 2025
Alliant Human Capital, a division of Alliant Insurance Services, announced the appointment of Brian Muller as Vice President. Muller brings more than 15 years of experience in both corporate and consulting HR, with a proven track record of delivering...
Posted: Sep 05, 2025
Two cultivated meat companies have filed a lawsuit against officials in Texas over the law that bans the sales of lab-grown meat in the state for two years. California-based companies UPSIDE Foods, which makes cultivated chicken, and Wildtype, which...
Posted: Sep 05, 2025
Minnesota Gov. Tim Walz plans to call a special legislative session to consider tougher gun laws following a shooting last week at a Catholic school in Minneapolis that left two children dead and 21 people injured. The Democrat told reporters …
Posted: Sep 05, 2025
Tesla Inc. said it has opened its robotaxi app to the general public, suggesting the company will soon roll out the service beyond a select group of early access users in Austin, Texas. The company’s Tesla Robotaxi account on social …
Posted: Sep 05, 2025
Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property and casualty market report from the state’s insurance council. Annual direct losses in Texas have now increased in two consecutive y...
Posted: Sep 05, 2025
The US Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered by OpenAI, Alphabet Inc.’s Google and Meta Platforms Inc., according to people familiar with the matter. The study will fo...
Posted: Sep 05, 2025
This edition of International People Moves details appointments at Everest Reinsurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Everest Promotes Voralia as CUO, Global Reinsurance Everest Reinsuran...
Posted: Sep 05, 2025
Use of artificial intelligence among businesses jumped in the last year and is expected to continue to grow, yet few firms have cut jobs as a result so far, according to a new Federal Reserve Bank of New York study. …
Posted: Sep 05, 2025
AXA XL has launched a web-based portal for its global clients, providing a centralized platform which allows data insights across multinational solutions portfolios to be viewed and exported in real-time. The portal, which is available via AXA’...
Posted: Sep 05, 2025
Alabama’s insurance commissioner has extended a moratorium on new captive insurance companies and risk retention groups until at least next summer. The bulletin, posted this week, follows the commissioner’s announcement in March that the...
Posted: Sep 05, 2025
The head of the European Parliament’s trade committee said Wednesday he has “doubts” about aspects of the EU’s trade deal with the Trump administration and predicted the deal could be amended during the legislative approval pr...
Posted: Sep 05, 2025
The manager of the cargo ship that caused the collapse of Baltimore’s Key Bridge in March 2024 should be denied the protections of a federal maritime law it seeks to invoke because it is not the owner of the ship, …
Posted: Sep 05, 2025
SAIF’s board of directors has declared a $50 million dividend for more than 50,000 workers’ compensation policyholders. In October, 50,757 policyholders are set to receive the dividend, which will be calculated based on the premium for po...
Posted: Sep 05, 2025
Rhode Island, Connecticut and wind farm developer Orsted A/S are suing the Trump administration in an effort to revive construction of an almost-finished offshore project meant to provide power to the two New England states. The developer sued Thursd...
Posted: Sep 05, 2025
The U.S. Federal Trade Commission barred the largest pet cremation business in the U.S. from enforcing its noncompete agreements with 1,800 workers on Thursday, saying they unfairly diminish workers’ leverage with their employer. FTC Chair Andr...
Posted: Sep 05, 2025