Insurance Journal

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

Clearwater Condo Building Evacuated After Support Beam Splits

Local authorities Tuesday evening ordered the evacuation of a condominium building in Clearwater, Florida, after cracks developed in a concrete support beam in the parking garage. The South Beach III condo building on Sand Key “is currently bei...

Posted: May 07, 2025

NSO Group to Pay Nearly $168M to Meta’s WhatsApp for 2019 Hacking

A federal jury in California has ordered Israeli firm NSO Group to pay more than $167 million in punitive damages to Meta Platforms for installing malware on its WhatsApp messaging app six years ago. Spyware vendor NSO Group must pay …

Posted: May 07, 2025

Court Approves $750 Million Settlement for Survivors of Abuse by NY Gynecologist

Columbia University and New York-Presbyterian hospitals will pay $750 million to patients who sued over being sexually abused by a former gynecologist who was convicted of sex crimes in 2023. The settlement was achieved on behalf of 576 former patien...

Posted: May 07, 2025

Rite Aid Returns to Bankruptcy Protection, Seeks to Sell Most Assets

Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets. The company said Monday that its stores will remain open as it returns to Chapter 11 bankruptcy …

Posted: May 07, 2025

Airlines Re-Route, Cancel Flights Due to India-Pakistan Fighting

Several Asian airlines including Taiwan’s China Airlines and Korean Air said on Wednesday they were re-routing or canceling flights to and from Europe, and about a dozen Indian airports were shut after fighting erupted between India and Pakista...

Posted: May 07, 2025

Update: Airlines Re-Route, Cancel Flights Due to India-Pakistan Fighting

Airlines including United Airlines and Korean Air re-routed or canceled flights and about a dozen Indian airports were shut on Wednesday after India staged a reprisal attack on Pakistan that raised fears of an escalation. India attacked Pakistani Kas...

Posted: May 07, 2025

Authorities are Cleaning Up an Oil Spill in Southeast Louisiana

Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture&#822...

Posted: May 07, 2025

Authorities Are Cleaning Up an Oil Spill in Southeast Louisiana

Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture&#822...

Posted: May 07, 2025

Markets/Coverages: Chaucer Launches Standalone TPL Cover for AI Underperformance

Chaucer Group, the specialty re/insurance group, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla AI, the Toronto-based managing general agent that provides specialized insurance and ris...

Posted: May 07, 2025

US Seeks Forced Sale of Google Ad Technology Products

Alphabet Inc.’s Google should be forced to sell off two of its businesses that help websites buy, sell and serve online advertising after a judge found the company illegally monopolized those markets, the Justice Department said. The company sh...

Posted: May 07, 2025

Delta Must Face Passenger Lawsuit Over Massive CrowdStrike Computer Outage

Delta Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or canceling their flights following a massive computer outage last July, a federal judge ruled on Tuesday. U.S. District …

Posted: May 07, 2025