Insurance Journal

European Commission to Propose Floating Russian Oil Price Cap

The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The Commission proposed …

Posted: Jul 11, 2025

US Faces More Extreme Weather Events, but Is Society Doing Enough?

After deadly flooding in central Texas in 1987, some thought they’d proven they could handle Mother Nature’s best punch. Then came this month’s horrific flash floods, when unfathomable amounts of rain fell in only hours and more tha...

Posted: Jul 11, 2025

CSU Hurricane Season Forecast Adjusted to ‘Slightly’ Above Normal

The team of hurricane researchers at Colorado State University shaved off a storm from its original Atlantic hurricane season forecast, and now sees a “slightly” above normal season. High levels of observed Caribbean wind shear, which bre...

Posted: Jul 11, 2025

Extreme Heat Is Killing European Workers Despite Government Efforts

Montse Aguilar was a healthy 51-year-old woman when she started her shift cleaning streets in Barcelona at around 2:30 p.m. on June 28. The Spanish city was under alert for high temperatures amid a brutal heat wave that brought record …

Posted: Jul 11, 2025

People Moves: Arch Insurance NA Promotes 5 to Division Presidents

Arch Insurance North America said five of its executives were named to the newly-created roles of division presidents, effective Aug. 1. Linda Fallon has been named Division President, Consumer Business, which includes the Travel, Accident & Heal...

Posted: Jul 11, 2025

Pennsylvania Digital Forgery Law Targets AI Scams and Financial Exploitation

A new Pennsylvania law intended to crack down on AI-powered fraud and financial crimes makes it a felony to use artificial intelligence to produce non-consensual “forged digital likenesses” like deepfakes or voice clones to injure, financ...

Posted: Jul 11, 2025

Andreessen Horowitz Leaves Delaware for Nevada, Tells Startups to Follow

The Silicon Valley venture capital firm Andreessen Horowitz is reincorporating its business from Delaware to Nevada and calling for its portfolio companies to do the same — citing concerns over bias in the state “against founders and their boar...

Posted: Jul 11, 2025

Delaware Top Court Sides With Zantac Makers in Cancer Claims

The Delaware Supreme Court rejected the legitimacy of expert testimony linking the heartburn drug Zantac to cancer, in a major win for makers of the product. In a unanimous ruling Thursday, the state’s highest court agreed with the argument of...

Posted: Jul 11, 2025

Dechert Law Firm: Claims It Used Hired Hackers Resolved With No Liability Admission

Philadelphia-based law firm Dechert said on Thursday that a pair of U.S. lawsuits accusing it of using hired hackers to win in court have been resolved without any admission of liability. Dechert and others, including U.S. public relations operatives...

Posted: Jul 11, 2025

UK Arrests Four Linked to M&S, Harrods Cyberattacks

The UK’s National Crime Agency has arrested four people over a series of disruptive cyberattacks that targeted leading British retailers earlier this year. The authorities detained three teenage males and one 20-year-old female in the West Midl...

Posted: Jul 11, 2025

Dechert Law Firm Settles Claims It Used Hired Hackers With No Admission of Liability

Philadelphia-based law firm Dechert said on Thursday that a pair of U.S. lawsuits accusing it of using hired hackers to win in court have been resolved without any admission of liability. Dechert and others, including U.S. public relations operatives...

Posted: Jul 11, 2025

New Mexico Village Rebuilds All Over Again After Record-Breaking Flash

The mountain village of Ruidoso returned to the grim rituals of rebuilding after flash flooding and a deadly natural disaster, just one year after wildfire and intense flooding reshaped the popular vacation getaway and its surroundings. Broken tree l...

Posted: Jul 11, 2025

People Moves: Rosenberg & Parker Name Three New Partners

Rosenberg & Parker (R&P), headquartered in Wayne, Pennsylvania, named three new partners who join CEO Matt Rosenberg and Sr. Partner Chad Rosenberg as owners. New partner President Jack Rosenberg joined R&P as a producer in 2018 after beg...

Posted: Jul 11, 2025

People Moves: Gaines Named Acting Commissioner at Nevada Division of Insurance

The Nevada Department of Business named Ned Gaines acting commissioner at the Nevada Division of Insurance. The appointment follows the departure of Scott Kipper, who had served as commissioner since 2023. Recruitment to fill the position on a perman...

Posted: Jul 11, 2025

People Moves: Rosenberg & Parker Names Three New Partners

Rosenberg & Parker (R&P), headquartered in Wayne, Pennsylvania, named three new partners who join CEO Matt Rosenberg and Sr. Partner Chad Rosenberg as owners. New partner President Jack Rosenberg joined R&P as a producer in 2018 after beg...

Posted: Jul 11, 2025

New Mexico Village Rebuilds All Over Again After Record-Breaking Flash Flood

The mountain village of Ruidoso returned to the grim rituals of rebuilding after flash flooding and a deadly natural disaster, just one year after wildfire and intense flooding reshaped the popular vacation getaway and its surroundings. Broken tree l...

Posted: Jul 11, 2025

Smith Brothers Has Acquired Charter Oak Agency in Connecticut

Glastonbury, Connecticut-based Smith Brothers Insurance LLC announced that it acquired Charter Oak Agency effective July 1, 2025. Charter Oak Agency, an independent insurance agency with offices in Westport and Derby, Connecticut, will retain these l...

Posted: Jul 11, 2025

EPA Orders Cleanup Following Battery Fire at California Energy Storage Facility

A company has entered into a settlement agreement with the U.S. Environmental Protection Agency to conduct a cleanup in the wake of a lithium-ion battery fire that occurred at the company’s energy storage facility in San Diego, California. A fi...

Posted: Jul 11, 2025

Deadly History of Flooding in ‘Flash Flood Alley’ Along Guadalupe River

Cindy Manley was a summer camp counselor in 1987 when a different devastating flood scarred the Texas Hill Country. The Heart O’ the Hills camp is on the Guadalupe River, where a massive search continues for more than 160 people …

Posted: Jul 10, 2025

Nebraska Sues GM Over Alleged Unauthorized Collection of Driving Data

Nebraska Attorney General Mike Hilgers filed a lawsuit this week alleging General Motors and its telematics service provider OnStar collected driving data without consumers’ knowledge or consent to create driving scores that were later sold to...

Posted: Jul 10, 2025

Michigan Nursing Homes to Pay $4.5M Settlement Over Substandard Care Allegations

Michigan Attorney General Dana Nessel announced a $4.5 million settlement with six Detroit-area nursing homes and their ownership companies, Villa Financial Services LLC and Villa Olympia Investment LLC, over allegations that they accepted taxpayer f...

Posted: Jul 10, 2025

People Moves: McLarens Appoints Miller as Chief Global Strategy Officer

Global claims services provider McLarens has appointed Danny Miller as Chief Global Strategy Officer (CGSO), a newly created role within the firm’s Global Management Team (GMT). This strategic addition to the leadership team reflects McLarens&#...

Posted: Jul 10, 2025

What Flood Insurance Does and Does Not Cover

Though natural disasters cycle across seasons and regions in the U.S., it’s often a shocking discovery for property owners how expansive and expensive flood and water damage can be when a major storm devastates their homes, businesses and commu...

Posted: Jul 10, 2025

Honduran Woman Sentenced for Defrauding NorGUARD of Comp Premiums

A Honduras woman this week was sentenced to less than two years in federal prison for her role in paying Florida construction workers off the books and avoiding $1.2 million in workers’ compensation premiums and almost $2 million in federal &#8...

Posted: Jul 10, 2025

US Sanctions Target North Korean Fake-Tech-Worker Scheme

The US slapped sanctions on individuals and companies linked to a scheme that involves recruiting North Koreans to pose as American tech workers and help fund Kim Jong Un’s regime. The Treasury Department’s Office of Foreign Assets Contro...

Posted: Jul 10, 2025