Insurance Journal

New SEC Chair Says Crypto Sector Deserves Clear Regulations

The new head of the U.S. Securities and Exchange Commission on Friday said that the agency has stifled innovation for the cryptocurrency sector by fostering “regulatory uncertainty” in prior years. “Market participants engaging in t...

Posted: Apr 28, 2025

New Jersey’s Jones Road Wildfire Now 65% Contained

The New Jersey Forest Fire Service has continued to make progress fighting the Jones River wildfire. The service reported the fire was 65% contained by Sunday morning April 27. However, the service repeated a warning from the National Weather Service...

Posted: Apr 28, 2025

WV Commissioner Posts Guidelines on Insurers’ Use of Aerial Images

After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a bulletin this month, Commissioner...

Posted: Apr 28, 2025

Spain and Portugal Hit With Worst European Blackout in Years

Most of Spain and all of Portugal were hit by a major blackout that impacted public transport, airports and phone service, leaving authorities scrambling to find the causes for one of the worst outages in Europe in years. Data from …

Posted: Apr 28, 2025

Trawick International Moves HQ from Alabama to Miami

Trawick International, a longtime provider of travel insurance, student insurance and specialty coverage, is moving its headquarters from the quiet streets of Fairhope, Alabama, to Miami. “Miami is a thriving, diverse, and internationally conne...

Posted: Apr 28, 2025

Trawick International Moves HQ From Alabama to Miami

Trawick International, a longtime provider of travel insurance, student insurance and specialty coverage, is moving its headquarters from the quiet streets of Fairhope, Alabama, to Miami. “Miami is a thriving, diverse, and internationally conne...

Posted: Apr 28, 2025

Vermont Takes Over Medical Liability Insurer CARE RRG Facing $35.4M Judgment

A Vermont Superior Court has approved a state takeover and rehabilitation plan for a medical professional liability insurer for 1,300 physicians that the state says is in hazardous financial condition as a result of a $35.4 million arbitration judgme...

Posted: Apr 28, 2025

Corporate America Boosts Security Spending After UnitedHealth Murder, Filings Show

U.S. corporations have been ramping up their security spending, but following the murder of UnitedHealth executive Brian Thompson that expenditure is set to rise further in 2025 as more companies see heightened threats to their top brass. At least a...

Posted: Apr 28, 2025

Cyber Market Continues to Expand as Rates Adjust, Says Guy Carpenter

Those fighting cybercrime and those who insure against it must perpetually race to keep up with the new tech, strategies, methods and goals thrown at them by nefarious actors working from all over the world. After significant compound rate increases...

Posted: Apr 28, 2025

UK’s M&S Tells Warehouse Agency Staff to Stay Home as Cyber Incident Continues

British retailer Marks & Spencer told agency staff at its central England distribution center to stay at home on Monday, after it stopped taking online orders following a cyber incident last week. Shares in the company, one of the best …

Posted: Apr 28, 2025

Ukraine Says It Detained Grain Ship From Russia’s ‘Shadow Fleet’

Kyiv detained a ship it says was part of Moscow’s “shadow fleet” which illegally exports grain from areas of Ukraine occupied by Russian forces. A dry cargo ship was detained in Ukrainian territorial waters as it headed from Moldova...

Posted: Apr 28, 2025

Mediobanca Makes €6.3 Billion Offer for Generali’s Wealth Arm

Mediobanca launched a surprise €6.3 billion ($7.2 billion) offer for the wealth management arm of Italian insurer Assicurazioni Generali SpA, opening a potential defense strategy for the Milan-based bank amid Italy’s intensifying deal wave. Med...

Posted: Apr 28, 2025

Uvalde Approves $2M Settlement for Families of Elementary School Shooting Victims

City leaders in Uvalde, Texas, approved a $2 million settlement for families of the victims of the 2022 Robb Elementary School shooting, marking the first time one of the myriad lawsuits has led to financial compensation. Attorneys for the families &...

Posted: Apr 28, 2025

Viewpoint: Turning the Embedded Insurance Challenge Into an Opportunity

Would you like pet insurance with your juvenile ball python, Ma’am? Until relatively recently, that kind of additional purchase came only after settling the scaly friend safely in its new terrarium at home. But with the growth of e-commerce, in...

Posted: Apr 28, 2025

Health Officials Seek to Phase Out Artificial Dyes From the Food Supply

U.S. health officials say they will urge foodmakers to phase out petroleum-based artificial colors in the nation’s food supply, but stopped short of promising a formal ban and offered few specifics on how they intended to achieve the sweeping c...

Posted: Apr 28, 2025

Did Florida House ‘Sneak’ Attorney Fee Wording Into Phosphate Mine Bill?

A late amendment to a phosphate mine bill has set off alarm bells among some in the Florida insurance industry, with concerns that it could cut out the heart of 2022 and 2023 legislative changes that disincentivized excessive claims litigation. &#823...

Posted: Apr 28, 2025

Risk Strategies Acquires Texas’ GMC Advisors

Risk Strategies announced that it has acquired GMC Advisors, LLC., based in Houston, Texas. Terms of the deal were not disclosed. Headed by owner Greg Chubon, GMC Advisors is a specialist in commercial lines insurance products, with a focus on &#8230...

Posted: Apr 28, 2025

New York High Court Unleashes Expanded Liability for Pet Owners

Dog and other pet owners and insurers in New York are now exposed to increased risk of liability in the wake of a Court of Appeals ruling that allows an injured party to bring a ordinary negligence claim against a …

Posted: Apr 28, 2025

Call Center Workers’ Comp Fraud Scheme Targeting Spanish-Speakers Leads to Charges

Four individuals, including attorneys, were charged after an investigation reportedly revealed a large-scale workers’ compensation fraud scheme allegedly targeted Spanish-speaking workers and involved the illegal sale of more than 1,100 clients...

Posted: Apr 28, 2025

People Moves: Health and Wellness Specialist Hood Joins Alliant Insurance Services

Megan Hood joined Alliant Insurance Services as vice president within its employee benefits group. Based in San Francisco, Hood will predominantly serve mid-sized and large tech employers in Northern California and nationwide. Before joining Alliant,...

Posted: Apr 28, 2025

Navigating Change in the Excess & Surplus Contract Binding Market

This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Ben McDonald, Vice President of Underwriting for IAT’s Excess & Surplus Contract Binding Division, and Claire Rinker, Senior Unde...

Posted: Apr 27, 2025

DoorDash Asks Judge to Dismiss Uber Suit Over Web Ordering Services

DoorDash Inc. asked a California judge to dismiss Uber Technologies Inc.’s anticompetition lawsuit against it, arguing that Uber is using an “ill-fitting” state law to justify its claims. DoorDash, which has two-thirds of the U.S. f...

Posted: Apr 25, 2025

People Moves: Dutcher Joins RMIC as Marketing Representative for Indiana and Michigan

Rockford Mutual Insurance Company (RMIC), headquartered in Rockford, Illinois, appointed Levi Dutcher as marketing representative for the states of Indiana and Michigan. Dutcher, based in Grand Rapids, Michigan, most recently served as senior field t...

Posted: Apr 25, 2025

Alabama House Advances Bill to Let Police Enforce Immigration Laws

MONTGOMERY, Ala. (AP) — Alabama lawmakers advanced legislation last week that would allow local law enforcement to enforce immigration law, as conservative legislators push for increased alignment with the federal government’s crackdown on immi...

Posted: Apr 25, 2025

Dallas Area Reports First Measles Case, in Middle School Child

A middle schooler in the Dallas-Fort Worth area has tested positive for measles, the first known case in the urban area, a health official from Collin County confirmed. The young person is located in Lucas, about 30 miles north of …

Posted: Apr 25, 2025