Insurance Journal

Liberty Mutual Teams With WNBA Champion New York Liberty

Liberty Mutual Insurance has announced a multiyear partnership with the New York Liberty women’s basketball team. As part of the partnership, the Liberty Mutual logo will be prominently displayed on all Liberty jerseys beginning with the 2025 s...

Posted: May 02, 2025

Rebrandings Announced by Acrisure and Clear Group Subsidiaries in UK

Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, th...

Posted: May 02, 2025

Apple Must Pay Optis $502 Million Lump Sum in UK Patent Dispute, Court Rules

Apple must pay a U.S. patent holder $502 million for the use of 4G patents in devices including iPhones and iPads, London’s Court of Appeal ruled on Thursday, in the latest stage of a long-running legal battle. Texas-based Optis Cellular &#8230...

Posted: May 02, 2025

Harrods Is Latest UK Retailer to Be Hit by Cyberattack

London department store Harrods said on Thursday hackers had attempted to break into its systems, the third high-profile cyber attack on a UK retailer in two weeks, following incidents at Marks & Spencer and the Co-op Group. British companies, pu...

Posted: May 02, 2025

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding &#823...

Posted: May 02, 2025

Berkshire Outguns Market as Buffett Reaches 60 Years in Charge

Berkshire Hathaway BRKa.N has held up well in a rocky year for stocks, and shareholders this weekend will be seeking reassurance from Warren Buffett that they remain in good hands as tariff turmoil disrupts corporate America. At Saturday’s annu...

Posted: May 02, 2025

Florida Citizens ‘Going Naked’ on Re Below Cat Fund Layer; Could Mean Assessment

Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insuranc...

Posted: May 02, 2025

Florida Citizens ‘Going Naked’ on Reinsurance Below Cat Fund Layer

Reinsurance prices have dropped since Florida’s 2022-2023 litigation reform measures were enacted, but the biggest rate reductions are mostly for reinsurance above what the Florida Hurricane Catastrophe Fund provides, Citizens Property Insuranc...

Posted: May 02, 2025

California Attorney General Suing Cleaning Company Over ‘No-Poach’ Deals

California’s Attorney General has filed a lawsuit against a national sanitation company for allegedly using “no-poach” agreements. California Attorney General Rob Bonta announced the lawsuit this week against Packers Sanitiation Ser...

Posted: May 02, 2025

Harvard Vows Reforms Following Internal Reports on Antisemitism and Anti-Arab Bias

Harvard University is promising to review its academic offerings and admissions policies in response to a pair of internal reports on antisemitism and anti-Arab prejudice at the Ivy League campus commissioned in the aftermath of last spring’s p...

Posted: May 02, 2025

Dashboard Shows New York City Paid Almost $2 Billion to Settle Claims in 2024

Last year, New York City settled 13,397 claims against it for a total cost of $1.94 billion, the most ever for one fiscal year, up from $1.5 billion in fiscal year 2023, the city’s financial monitor has reported. Police ($309.56 …

Posted: May 02, 2025

AIG Q1 Underwriting Income More Than Halved on Wildfire Losses

American International Group (AIG) reported first quarter net income attributable to shareholders of $698 million, down 41.5% from the same period a year ago. First quarter underwriting income in AIG’s General Insurance segment—North America co...

Posted: May 01, 2025

Smarter Client Communication Starts Here: Transform Your Agency with EZLynx Email Content Assist

This post is part of a series sponsored by EZLynx. For independent agents, crafting the perfect email—whether it’s for a new policyholder, a renewal reminder, or a marketing campaign—can be surprisingly time-consuming. Making sure every message...

Posted: May 01, 2025

California’s Ban on Gasoline Cars Is Overturned by US House Vote

Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House vot...

Posted: May 01, 2025

Trump Administration Sues Michigan to Halt State’s Fossil Fuel Lawsuit Plan

The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the US Supreme Court rebuffed a Republican bid to derail such legal efforts. &#8230...

Posted: May 01, 2025

Ohio Eatery to Pay $125K Over Race Discrimination Lawsuit

Bennett Enterprises Inc., doing business as Ralphie’s Sports Eatery Company, will pay $125,000 and provide other relief to settle a race, disability and retaliation discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commissio...

Posted: May 01, 2025

Fired State Employees Breached the Personal Data of 33K More Texans

Texas Health and Human Services Commission late Wednesday began notifying another 33,529 recipients of state benefits that their private information had been improperly accessed. The latest announcement comes as the state agency continues to investig...

Posted: May 01, 2025

Why the Green Hydrogen Industry Is Flocking to Texas

Despite federal policy uncertainty stunting growth prospects, US clean hydrogen industry leaders at the BloombergNEF summit see one bright spot: Texas. President Donald Trump’s tariffs are impacting the industry as are the murky fate of federal...

Posted: May 01, 2025

Southern Specialty Rebrands, Names Roberts President

Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the &#...

Posted: May 01, 2025

Judge Says Local Police Must Halt Enforcement of Florida Immigration Law

MIAMI (AP) — A federal judge told attorneys for the state of Florida on Tuesday that an order freezing the enforcement of a new state immigration law absolutely applies to all of the state’s local law enforcement agencies, despite a …

Posted: May 01, 2025

Florida Set to Be 2nd State to Ban Fluoride from Public Water Systems

TALLAHASSEE, Fla. (AP) — Florida is poised to become the second state to ban fluoride in public drinking water, overriding the concerns of dentists and public health advocates who say the mineral is a safe, effective way to protect people …

Posted: May 01, 2025

People Moves: SmartChoice Names Caldwell CEO; Griffin Promoted to Zurich US Head of Multinational Un...

SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role. For the pas...

Posted: May 01, 2025

People Moves: SmartChoice Chooses Caldwell as CEO; Griffin Promoted to Zurich US Head of Multination...

SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role. For the pas...

Posted: May 01, 2025

The Hanover Reports 11% Growth in Q1 Net Income

First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and improvement over 95.5 a year ago du...

Posted: May 01, 2025

Attorney Fee Amendment Shot Down by Florida Senate; Condo Relief Bill Passes

Florida’s Senate late Wednesday refused to go along with a prevailing-party attorney-fee amendment to a phosphate mine bill, likely leaving it dead for 2025 as the legislative session nears the end. The amendment to Senate Bill 832, approved by...

Posted: May 01, 2025