Insurance Journal

US Chamber Report Examines Copyright Value and Piracy Harms

Copyright protections don’t just help individuals, they hold up a good part of the U.S. economy, according to a report from the U.S. Chamber of Commerce. The U.S. Chamber of Commerce’s 2023 report highlights industries like architecture,...

Posted: Jul 10, 2025

6 Firefighters Injured Battling Fire in 3-Story Building in New Jersey

Six firefighters suffered minor injuries in a blaze Thursday that partially collapsed a three-story building in a New Jersey neighborhood, authorities said. The fire in Jersey City, which started at about 1:30 a.m., also spread to nearby buildings, d...

Posted: Jul 10, 2025

Three Insurers Join Ward’s Annual Top 50 P/C Ranking for 2025

Property/casualty insurers have started to broadcast the fact that they have earned spots on Ward’s list of 50 top-performing insurance companies for 2025, but only one was named for 35 straight years—RLI Corp. In addition, there were three new...

Posted: Jul 10, 2025

Workers Reach Safety After Collapse Inside LA Industrial Tunnel

All 31 construction workers who were far inside a huge industrial tunnel in Los Angeles made it to safety after a portion of it collapsed Wednesday evening, an outcome officials called a blessing after they initially feared much worse. The …

Posted: Jul 10, 2025

Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk

Descartes Insurance, the Paris-based risk-carrying subsidiary of parametric-insurer Descartes, has expanded its offering to corporate clients and public institutions to include credit and political risk insurance (CPRI). To support its expansion into...

Posted: Jul 10, 2025

Husband and Wife Sentenced for $20 Million Insurance Fraud Scheme

A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for …

Posted: Jul 10, 2025

People Moves: QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring; Li...

This edition of International People Moves details appointments at QBE Re and Liberty Global Transaction Solutions. A summary of these new hires follows here. QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring QBE Re h...

Posted: Jul 10, 2025

AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market

Augmented UW Ltd., the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was form...

Posted: Jul 10, 2025

Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find

Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday. …

Posted: Jul 10, 2025

Northeast Cities Ranked Riskiest in National Allstate Driving Report

The five U.S. cities with the riskiest drivers are all located in the Northeast, according to Allstate’s 2025 America’s Best Drivers Report. The insurer listed Boston as the city where drivers were most likely to experience a collision, f...

Posted: Jul 10, 2025

Texas Agencies Missed Opportunities to Fund Flood Warning System

Over the last decade, an array of Texas state and local agencies missed opportunities to fund a flood warning system intended to avert a disaster like the one that killed dozens of young campers and scores of others in Kerr …

Posted: Jul 10, 2025

Low Water Still Hindering Rhine River Shipping in Germany After Rainfall

Low water levels following a drought and heatwave in western Europe continue to hinder shipping through the Rhine river in Germany, commodity traders said on Wednesday, with rain in past days generating only a moderate rise in water levels. Low &#823...

Posted: Jul 10, 2025

M&S Says April Cyberattack Caused by Third-Party Impersonation

The cyberattack that derailed Marks & Spencer Group Plc’s operations for weeks was the result of a “sophisticated impersonation” of one of the retailer’s third-party users, according to Chairman Archie Norman. The hackers...

Posted: Jul 10, 2025

Qantas Says Passenger Addresses, Meal Choices Among Stolen Data

Qantas Airways Ltd. said personal information belonging to 5.7 million customers, ranging from names and addresses to phone numbers and meal preferences, were stolen in last week’s cyberattack, as the fallout from the latest airline security br...

Posted: Jul 10, 2025

Corps Revises Pearl River Flood Study in Mississippi, Sets New Comment Period

The U.S. Army Corps of Engineers has released a revised study on potential flood controls for the part of the Pearl River that runs along Jackson, narrowing its focus to two proposals, and only one of them would resemble the …

Posted: Jul 10, 2025

People Moves: Tennessee Names New Insurance Examinations Director

The Tennessee Department of Commerce and Insurance announced promotions to key insurance regulatory, emergency services and management roles. Bryant Cummings, with 23 years at the department, was named director of insurance examinations, TDCI said in...

Posted: Jul 10, 2025

When a Disabled Employee Who Undermines Process of Accommodation Is Fired

A hospital lab employee who was fired for refusing to be vaccinated against COVID-19 has lost her claim that she suffered discrimination because her employer failed to accommodate her disability under the Americans with Disabilities Act (ADA). The Fo...

Posted: Jul 10, 2025

Former California Insurance Agent Sentenced for $3.7M Fine Art Policy Scam

A former California insurance agent was sentenced to 50 months in federal prison for defrauding a lender out of $3.7 million with bogus applications for fine art insurance policies. Tonja Van Roy, 59, of Las Vegas, but who formerly operated …

Posted: Jul 10, 2025

People Moves: Lawley Names 4 Professionals to Northeast Offices

Insurance agency Lawley, headquartered in Buffalo, New York, named several new professionals across the agency. Anto Almasian is a new surety executive in the Buffalo office. He has expertise in managing a diverse portfolio of clients and an understa...

Posted: Jul 10, 2025

Washington Insurance Commissioner’s Office Recovered $100M for Consumers Over Two Years

The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period. The Office of the Insurance Commissioner’s Consumer Advocacy Program closed out the biennium from 2023 to 2...

Posted: Jul 10, 2025

Washington Insurance Commissioner Recovered $100M for Consumers Over 2 Years

The Washington Office of the Insurance Commissioner reported it recovered more than $100 million for consumers during a two-year period. The Office of the Insurance Commissioner’s Consumer Advocacy Program closed out the biennium from 2023 to 2...

Posted: Jul 10, 2025

How MyInsuranceGuy Gets a Third of Their Day Back

This post is part of a series sponsored by EZLynx. Time is the most valuable asset in any service business — and as an independent agent, you know all too well that your time is often in short supply. MyInsuranceGuy, …

Posted: Jul 09, 2025

Texas Counties Have Little Power to Stop Building in Flood-Prone Areas

Camp Mystic, the private summer camp that now symbolizes the deadly Central Texas floods, sat on a tract of land known to be at high risk for a devastating flood. Nearly 1.3 million Texas homes are similarly situated in parts …

Posted: Jul 09, 2025

Kansas Insurance Commissioner Schmidt Announces Run for Governor

Kansas Insurance Commissioner Vicki Schmidt announced her bid to run for Governor of Kansas in 2026. Schmidt, a lifelong Republican, began her career as a pharmacist after graduating from the University of Kansas. She has worked for over 40 years &#8...

Posted: Jul 09, 2025

Lemonade Expands Car Insurance to Indiana

Lemonade announced this week the expansion of its car insurance product in Indiana. With this addition, Lemonade Car is now available in states representing approximately 42% of the U.S. car insurance market. Lemonade’s existing customers in th...

Posted: Jul 09, 2025