Insurance Journal

Japan’s TEPCO Pauses Nuclear Reactor Reboot Day After Milestone Restart

Tokyo Electric Power Co., Japan’s largest utility, suspended the restart process of its nuclear power plant in Niigata prefecture, less than a day after resuming its first reactor since the 2011 Fukushima disaster. TEPCO, as the utility is know...

Posted: Jan 22, 2026

Markets/Coverages: DUAL LatAm Partners With Ki to Expand Region’s Property Capacity

DUAL LatAm, part of DUAL Group, announced a significant increase in property capacity across Latin America, marking a strategic expansion of the property binder established with Brit in 2025 and reinforcing its commitment to delivering robust, reliab...

Posted: Jan 22, 2026

People Moves: Fagan Joins Brown & Riding’s National Property Practice

Brown & Riding, headquartered in Dallas, Texas, hired Seth Fagan to its national property practice. Fagan has over 20 years of experience in the wholesale insurance space. He specializes in complex property risks, including, but not limited to, c...

Posted: Jan 22, 2026

Dairy Giants Rush to Recall Infant Formula After Expanding Contamination Scare

Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula after a contamination scare that began with Nestle widened on Wednesday to French groups Danone and Lactalis. The recalls highlight how a sin...

Posted: Jan 22, 2026

Water ‘Bankruptcy’ Era Has Begun for Billions, Scientists Say

A new era has begun of “global water bankruptcy,” with humans depleting freshwater systems to the point they can’t recover, according to a new United Nations report. Three-quarters of the world’s population — about 6.1 billion...

Posted: Jan 22, 2026

Trump Backs Down on Greenland Tariff Threats, Rules Out Use of Force

U.S. President Donald Trump abruptly stepped back on Wednesday from threats to impose tariffs as leverage to seize Greenland, ruled out the use of force and suggested a deal was in sight to end a dispute over the Danish territory …

Posted: Jan 22, 2026

AI Company Eightfold Sued for Helping Companies Secretly Score Job Seekers

Eightfold AI, a venture capital-backed artificial intelligence hiring platform used by Microsoft, PayPal and many other Fortune 500 companies, is being sued for allegedly compiling reports used to screen job applicants without their knowledge. The la...

Posted: Jan 22, 2026

People Moves: Crawford & Company Launches New Structure, Names Hoberman CEO of US Operations; Conver...

Crawford & Company Announces New Operating Divisions, Appoints Hoberman CEO of US Operations Crawford & Company, headquartered in Atlanta, has announced a new global operating structure. Effective Jan. 1, Crawford operates under two divisions...

Posted: Jan 22, 2026

Pace of Insurance M&A Lagged in 2025 With No ‘Mad Dash’: OPTIS

Insurance agency mergers & acquisitions were down 12% in 2025, compared with 2024. According to investment banking and financial consulting firm OPTIS Partners, there were 695 insurance agency deals in 2025. There were 787 deals in 2024. Despite...

Posted: Jan 22, 2026

Falls Were Most Common Safety Violation in Washington for 20th Straight Year

Falls from heights were the most cited serious workplace safety violation by the Washington State Department of Labor & Industries for the 20th straight year. In the past four months, L&I issued $1.4 million in fines to five construction comp...

Posted: Jan 22, 2026

What A Community Foundation Learned Spending $100M After The LA Fires

When fires broke out across Los Angeles on Jan. 7, 2025, Miguel Santana grasped the magnitude of the catastrophe befalling his hometown sooner than most — he flew over the blazes, twice. Climbing above the LA basin on his way …

Posted: Jan 22, 2026

Texas Braces for Arctic Mix of Snow, Sleet, and Freezing Rain

Texans are bracing for a harsh winter storm that’s expected to plunge the entire state into subfreezing temperatures starting Friday, bringing an arctic mix of snow, sleet and freezing rain. Frigid air is blowing in from northern Canada, and ac...

Posted: Jan 22, 2026

New Jersey Extends Licensing, Insurance Mandate to All E-Bikes

In one of his final acts in office, New Jersey Governor Phil Murphy signed legislation into law to expand regulation of motorized bicycles to include all classes of electric bikes. The measure (S4834/A6235) updates the classification, regulation, lic...

Posted: Jan 22, 2026

Gryphon Holdings Acquiring PrimeOne Insurance Company

Gryphon Holdings has entered into an agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial lines carrier. PrimeOne will operate as a core underwriting platform under the Gryphon umbrella. With PrimeOne, Gryphon’...

Posted: Jan 22, 2026

Appeals Court Allows for Separate Loss-of-Consortium Damages

A Missouri spouse can collect loss-of-consortium damages separate from her husband’s underinsured-motorist benefits, a federal appeals court ruled. The 8th U.S. Circuit Court of Appeals concluded that an Auto-Owners Mutual Insurance Company aut...

Posted: Jan 21, 2026

People Moves: Howden Launches US Cyber Practice

Howden today announced the launch of a U.S. cyber practice, with Juliet White hired as head of cyber and Lou Botticelli as cyber brokerage leader. Since May 2022, White has been head of cyber at E&O at Vantage Risk Cos. …

Posted: Jan 21, 2026

Outlook on Reinsurance Has Changed; Pre-2023 Property Pricing Is Back: AM Best

AM Best’s outlook for the global reinsurance segment is no longer positive, the rating agency announced Monday, citing the uptick in property reinsurance price drops and concerns about casualty reinsurance loss trends. The outlook is now stable...

Posted: Jan 21, 2026

Risk Advisory Zurich Resilience Solutions Starts Data Center Practice

Zurich Resilience Solutions (ZRS), a risk advisory and engineering service and part of Zurich Insurance, announced the formation of a specialized Data Center Risk Advisory practice, which brings together more than 100 expert risk engineers with exper...

Posted: Jan 21, 2026

Kalshi Cannot Operate Sports-Prediction Market in Massachusetts, Judge Rules

A Massachusetts judge on Tuesday ruled prediction-markets operator Kalshi cannot let state residents bet on sports through its online platform, after the state’s attorney general accused it of running afoul of gaming regulators. Suffolk County...

Posted: Jan 21, 2026

Snowstorm Sparks 100-Vehicle Pileup in Michigan

More than 100 vehicles smashed into each other or slid off an interstate in Michigan on Monday as snow fueled by the Great Lakes blanketed the state. The massive pileup prompted the Michigan State Police to close both directions of …

Posted: Jan 21, 2026

Severe Convective Storms Become Costliest Insured Peril of 21st Century: Aon

Severe convective storms (SCS) have surpassed tropical cyclones to become the costliest insured peril of the 21st century, according to Aon plc. Total economic losses reached $260 billion — 23% below the 21st-century average and the lowest since 2015...

Posted: Jan 21, 2026

Consumer Group Got $1.4M Intervening in California Rate Filings, CDI Says

California Department of Insurance data show one consumer advocacy group earned $1.4 million in fees last year from a program that pays people and advocates to intervene in rate hearings. Consumer Watchdog received $1,427,280.80 in fees from the stat...

Posted: Jan 21, 2026

Travelers Q4 Net Income Up 20% on Underwriting, Lower Catastrophe Losses

Fourth quarter 2025 net income at The Travelers Cos. increased about 20% compared with the same period a year ago, to about $2.5 billion. Underwriting, lower catastrophe losses, and more favorable prior year reserve development bolstered financial re...

Posted: Jan 21, 2026

Wells Fargo to Move Wealth Headquarters to West Palm Beach

Wells Fargo & Co. is moving the headquarters for its wealth-management business to West Palm Beach, becoming the first big bank to run that operation from the heart of the wealth boom in South Florida. The San Francisco-based firm signed …

Posted: Jan 21, 2026

New Regulations for Texas Hemp Industry Approved

New regulations for the consumable hemp industry were approved by the Texas Alcoholic Beverage Commission on Tuesday, concluding the agency’s involvement in a yearlong effort to more tightly regulate the products in the state. The rules change...

Posted: Jan 21, 2026