Insurance Journal
Roof repair and replacement cost value totaled nearly $31 billion last year–up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more...
Posted: May 04, 2025
It shouldn’t be surprising that the number of reported cybercrime complaints to the feds rose again. Almost daily I hear from someone I know about a new threat, hack, or fishy AI call. The most recent was in my own …
Posted: May 04, 2025
After more than 25 years of counseling businesses on ways to improve worker safety, Steven Simon, senior risk control manager for Safety National, said the one piece of advice he could offer to any size organization wanting to improve their …
Posted: May 04, 2025
The 2025 presidential administration is likely to lead to changes for the healthcare liability landscape. Potential deregulation initiatives could ease administrative burdens on providers and improve efficiency; however, the potential impacts of thes...
Posted: May 04, 2025
Healthcare providers, insurers, and underwriters face potential shifts in healthcare liability regulations under the new presidential administration in 2025. Here are five key steps to help navigate these changes: 1. Stay Informed About Policy Shifts...
Posted: May 04, 2025
Recent FDA approval of suzetrigine, representing the first new class of pain medication in more than 20 years, is generating excitement among workers’ compensation professionals who have long been looking for a viable alternative to opioids. Su...
Posted: May 04, 2025
I find that most agency owners who call me regarding having their agency valued or developing a producer vesting program have no idea that important specific laws and regulations exist, even though these laws and regulations have been in place …...
Posted: May 04, 2025
With President Donald Trump now in his second term, several changes to the Occupational Safety and Health Administration (OSHA) are anticipated based on his previous administration’s approach, current policy signals, and the broader deregulator...
Posted: May 04, 2025
Healthcare organizations continue to find themselves at the forefront of cyber risk. Exposures such as IT supply chain dependencies, website tracking litigation, ransomware attacks, new security regulations, and data breach class actions put healthca...
Posted: May 04, 2025
Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative auto insurance option for mot...
Posted: May 04, 2025
Warren Buffett, who built Berkshire Hathaway Inc. into a business valued at more than $1.16 trillion and himself into a celebrity billionaire renowned for his investing acumen and witticisms, will step down at year-end after six decades atop the cong...
Posted: May 04, 2025
Hawaii lawmakers this week passed a bill intended to help shore up Hawaiian Electric Co.’s credit rating despite strong opposition from House and Senate committee chairs who helped vet the measure. The bill would impose a new fee on HECO …...
Posted: May 02, 2025
Voters in Alaska, Missouri and Nebraska were asked last year whether they wanted to require employers to provide paid sick leave to their workers. They overwhelmingly said yes. Now some lawmakers in each of those states are trying to roll …
Posted: May 02, 2025
Texas Mutual Insurance Company announced that its board of directors voted unanimously to approve a $330 million general dividend distribution in 2025. Texas Mutual, the state’s top provider of workers’ compensation insurance will have di...
Posted: May 02, 2025
Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% at the beginning …
Posted: May 02, 2025
At AM Specialty Insurance Co., Nishad Lad, head of data and software development, has been placed at the forefront of transforming the Dallas, Texas-based excess and surplus carrier’s claims processing with new technologies. His team has implem...
Posted: May 02, 2025
Norfolk Southern began making promises to East Palestine, Ohio, soon after its train derailed and caught fire in February 2023. The railroad said it would “make it right” after five tank cars of vinyl chloride were intentionally burned, s...
Posted: May 02, 2025
Attendees of the RIMS’ Riskworld annual conference in Chicago will have an opportunity to meet a cohort of aspiring risk management professionals, who are participating in a global university competition. Teams from eight colleges around the wo...
Posted: May 02, 2025
Uber Technologies said on Thursday it will partner with self-driving technology startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, starting with Arlington, Texas, by late 2025. This adds...
Posted: May 02, 2025
A new paper from Zurich calls out an “alarmingly bleak” outlook thanks to climate change driving the frequency and intensity of extreme weather and increasing the likelihood of natural catastrophes. However, the paper takes an optimistic...
Posted: May 02, 2025
In a first-of-its kind move, Hawaii lawmakers are ready to hike a tax imposed on travelers staying in hotels, vacation rentals and other short-term accommodations and earmark the new money for programs to cope with a warming planet. State leaders ...
Posted: May 02, 2025
Britain’s Marks & Spencer entered a second week unable to take online clothing and home orders on Friday following a major cyberattack, hitting sales of new season ranges as the country basks in record temperatures. Some 700 million pounds...
Posted: May 02, 2025
Adult children and parents of young adults who died under medical care will soon be able to recover punitive and pain-and-suffering damages in medical malpractice lawsuits if Florida Gov. Ron DeSantis signs a bill into law. The Florida Senate approve...
Posted: May 02, 2025
During a Senate committee hearing focusing on insurance and loss mitigation efforts, industry representatives said the all levels of government play a role. “Where government regulation and infrastructure allow private, competitive, insurance,...
Posted: May 02, 2025
Global specialty insurance broker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC. Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative r...
Posted: May 02, 2025