Insurance Journal

People Moves: Everest Appoints Busti From AXIS as Head of North America Treaty Re; AXA XL Taps Lockt...

This edition of International People Moves details appointments at Everest Group and AXA XL. A summary of these new hires follows here. Everest Appoints Busti From AXIS as Head of North America Treaty Reinsurance Everest Group Ltd., the Bermuda-based...

Posted: Mar 26, 2026

Michigan Woman Pleads Guilty in Beauty Store Theft Ring

A Michigan woman pled guilty to organizing a high-volume theft ring targeting Ulta Beauty stores in Wayne, Oakland, and Macomb counties, announced Michigan Attorney General Dana Nessel. Cheaira Broughton, 38, of Detroit, was charged by the Department...

Posted: Mar 26, 2026

Texas Man Gets Life After Investigation Finds Arson Used to Cover Murder

A Texas State Fire Marshal’s Office (SFMO) investigation helped lead to a lifetime prison sentence for a Panhandle man who set a house fire to cover up the murder of a 4-year-old girl. Humberto Martinez pleaded guilty to capital murder …

Posted: Mar 26, 2026

AM Best Revises Outlooks to Stable for Members of Western Reserve Group

AM Besthas revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) for the following pooled members of Western Reserve Group: West...

Posted: Mar 26, 2026

Risk Theory Launches Dealer Transit Service to Address Vehicle Theft

Risk Theory, a Dallas, Texas-based platform of insurance distribution businesses, announced the launch of Dealer Transit, a new logistics solution designed to help dealerships mitigate the growing risk of vehicle theft during transit. The program is...

Posted: Mar 26, 2026

People Moves: Society of Actuaries Names Rosso CEO

The Society of Actuaries (SOA), the world’s largest actuarial professional organization, named Clar Rosso as the new CEO, effective May 4. Rosso assumes the role from Greg Heidrich, who is retiring after serving as CEO since 2007. Rosso recentl...

Posted: Mar 26, 2026

Fidelity Beats Lawsuit Over Fees in $439 Billion Money Market Fund

A federal judge dismissed a lawsuit on Wednesday accusing mutual fund giant Fidelity of cheating many investors in its $439.1 billion Fidelity Government Money Market Fund by keeping them in higher-cost share classes than they were eligible for. U.S....

Posted: Mar 26, 2026

Marsh Risk Secures Insurance for Construction of Nuclear Power Plant in Wyoming

Marsh Risk said it has secured comprehensive insurance coverage for TerraPower’s Kemmerer Unit 1 in Kemmerer, Wyoming, considered the nation’s first commercial-scale, advanced nuclear power plant approved for construction by the Nuclear R...

Posted: Mar 26, 2026

Report Shows How Guns Move From Southern Stores to Northern Crime Scenes

A shooting in Boston. A carjacking in Washington, D.C. A robbery in New York. All were carried out with guns that were among hundreds bought in the South and trafficked north to cities with some of the nation’s strictest firearms …

Posted: Mar 26, 2026

Georgia Could Become First State With Weapons Detection in All Public Schools

Georgia could become the first state to require every student to be checked for weapons when arriving at a public school each day. A bill is nearing passage that would require weapons detection systems in a further reaction to a …

Posted: Mar 26, 2026

FEMA to Offer $1 Billion for Disaster Resilience After Lawsuit

The Federal Emergency Management Agency said Wednesday it will fund up to $1 billion in disaster-resilient infrastructure under a grant program it had previously canceled and criticized as being wasteful. The move was prompted by an order from a US &...

Posted: Mar 26, 2026

US Jury Verdicts Against Meta, Google Tee Up Fight Over Tech Liability Shield

Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children have found Meta and Alphabet’s Google liable, potentially teeing up an appeals fight that could reshape how …

Posted: Mar 26, 2026

Housing Finance Chief Pulte Makes Insurance Fraud Allegations Against NY AG James

Federal Housing Finance Agency Director Bill Pulte has sent letters to the Department of Justice encouraging prosecutors to open new fraud investigations into New York Attorney General Letitia James related to real estate. Pulte wrote separately to t...

Posted: Mar 26, 2026

UK Car Insurer First Central Is Said to Tap Banks for London IPO

First Central Group Ltd., the UK vehicle and home insurer, has appointed investment banks as it prepares for a potential initial public offering in London, according to people familiar with the matter. The company has lined up Deutsche Bank AG &#8230...

Posted: Mar 26, 2026

Britain to Intercept Russian ‘Shadow Fleet’ Ships in UK Waters

The UK will interdict and board Russian “shadow fleet” vessels in its waters, increasing European pressure on Moscow over tankers exporting sanctioned crude in transactions that help fund the Kremlin’s war on Ukraine. Prime Minister...

Posted: Mar 26, 2026

Uber, Autonomous Mobility Firms to Launch Europe’s First Commercial Robotaxis

Uber Technologies and autonomous mobility companies Verne and Pony.ai have partnered up to launch Europe’s first commercial robotaxi service in the Croatian capital Zagreb, with plans to expand to other cities, they said on Thursday. Robotaxis...

Posted: Mar 26, 2026

Iran Is Reviewing US Ceasefire Plan but Denies Talks; Trump Says Tehran Wants Deal

U.S. President Donald Trump said Iran was desperate to make a deal to end nearly four weeks of fighting, contradicting the Iranian foreign minister who said his country was reviewing a U.S. proposal but had no intention of holding talks …

Posted: Mar 26, 2026

Iran Sees US Peace Plan as ‘One-Sided’ as Trump Presses for Deal

A U.S. proposal for ending nearly four weeks of fighting is “one-sided and unfair,” a senior Iranian official told Reuters on Thursday, whileU.S. President Donald Trump said Iran must make a deal or face a continued onslaught. The Iranian...

Posted: Mar 26, 2026

Rich Britons Reap Biggest Benefits From UK State Flood Program

It’s not how the program was supposed to work. But thanks to a legal anachronism, Britain’s state-backed plan intended to help those most exposed to flooding has ended up favoring the country’s richest property owners. Economists at...

Posted: Mar 26, 2026

What Insurance Agencies Should Know Before Migrating to a New Agency Management System

Most insurance agencies know when their technology is holding them back. Manual processes creep in. Reporting becomes unreliable. Teams start relying on workarounds just to get through the day. Eventually the conversation turns to the same question:...

Posted: Mar 26, 2026

Who Owns the Customer? Carrier-Agency-Producer-Client Relationships in 2026

And 5 tech priorities for carriers looking to tighten marginal spend As direct-to-consumer insurance products such as embedded and app-driven signups increase, the insurance industry faces a great debate over who owns a customer relationship. Let&#82...

Posted: Mar 26, 2026

Iran Is Drafting Law to Introduce Tolls for Hormuz Transit

The Iranian parliament is working on a draft bill that would impose a fee on vessels seeking safe passage through the Strait of Hormuz, according to the semi-official Fars news agency. Fars, citing an unnamed lawmaker, said the plan would …

Posted: Mar 26, 2026

Viewpoint: Insurance Broker Valuations – The Elephant in the Room

While insurance broker valuations remained resilient in 2025, essentially staying near all‑time highs, the elephant in the room—Brown & Brown (NYSE: BRO)—has received little attention. From a valuation perspective, what happened with Brown &...

Posted: Mar 26, 2026

P/C Underwriting Income Up $40B in 2025, Says Verisk and APCIA

Verisk and the American Property Casualty Insurance Association released preliminary 2025 underwriting results for the property/casualty industry, with a $40 billion increase over the prior year. For private U.S. P/C insurers, the underwriting gain f...

Posted: Mar 26, 2026

P/C Underwriting Income Up $40B in 2025, Say Verisk and APCIA

Verisk and the American Property Casualty Insurance Association released preliminary 2025 underwriting results for the property/casualty industry, with a $40 billion increase over the prior year. For private U.S. P/C insurers, the underwriting gain f...

Posted: Mar 26, 2026