Insurance Journal

Main Break Leaves Many El Paso, Texas Residents Without Water

More than 100,000 residents in the Texas border city of El Paso were left with little to no water after a main break over the weekend, and it was expected to take till midweek for operations to return to normal, …

Posted: Jan 14, 2026

People Moves: AXA XL Reinsurance Promotes Longbottom and Pedro; Matthias Appointed Global Head of Zu...

This edition of International People Moves details appointments at AXA XL Reinsurance and Zurich Insurance Group. A summary of these new hires follows here. AXA XL Reinsurance Promotes Longbottom and Pedro AXA XL Reinsurance announced it has promoted...

Posted: Jan 14, 2026

Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results

In separate reports last week, AM Best and Morgan Stanley analyzed P/C insurance industry expense ratios, with one reporting a 2.4-point drop over the past decade and the other projecting another potential 2.0-point decline by 2030. While both report...

Posted: Jan 14, 2026

Tesla Agrees to Mediation That Could Resolve EEOC’s Racism Lawsuit

Tesla agreed to enter mediation that could resolve the U.S. Equal Employment Opportunity Commission’s lawsuit accusing Elon Musk’s electric car maker of tolerating severe and widespread harassment of Black employees at its Fremont, Califo...

Posted: Jan 14, 2026

Trade and War Worries Haunt Davos as World Seen ‘on a Precipice’: WEF Survey

A global backdrop increasingly threatened by trade disputes and inter-state conflict is how respondents in a World Economic Forum survey see things panning out in 2026. The annual poll of 1,300 leaders and experts by the organization that will next &...

Posted: Jan 14, 2026

Consumer Acceptance of Telematics Widens, Says Survey

Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, 82% of policyholders view telematics apps positively,...

Posted: Jan 14, 2026

2025 Was World’s Third-Warmest Year on Record: EU Scientists

The planet experienced its third-warmest year on record in 2025, and average temperatures have exceeded 1.5 degrees Celsius of global warming over three years, the longest period since records began, EU scientists said on Wednesday. The data from the...

Posted: Jan 14, 2026

Update: 2025 Among World’s Three Hottest Years on Record: WMO

Last year was among the planet’s three warmest on record, the World Meteorological Organization said on Wednesday, as EU scientists also confirmed average temperatures have now exceeded 1.5 degrees Celsius of global warming for the longest sinc...

Posted: Jan 14, 2026

2025 Among World’s Three Hottest Years on Record: WMO

Last year was among the planet’s three warmest on record, the World Meteorological Organization said on Wednesday, as EU scientists also confirmed average temperatures have now exceeded 1.5 degrees Celsius of global warming for the longest sinc...

Posted: Jan 14, 2026

Sedgwick Launches Global Specialty Platform in London

Sedgwick, the Memphis, Tennessee-based risk and claims administration provider, announced the launch of its Sedgwick Global Specialty platform in London, a dedicated solution designed to handle the largest and most complex losses. The platform repres...

Posted: Jan 14, 2026

Drones Hit Two Tankers in Black Sea, Driving Up War Insurance Costs

Drones struck two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil major Chevron, the companies involved said, as they sailed toward a terminal on the Russian coast. Both were en route to the Yuzhnaya …

Posted: Jan 14, 2026

UK Actuaries Sound Alarm on Loss Models Downplaying Climate Risk

The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain’s main association of actuaries. The Institute and Faculty of Actuaries, which conducted its stu...

Posted: Jan 14, 2026

Warburg Mulls $1 Billion Sale of London Insurance Broker McGill

Warburg Pincus is considering a possible sale of UK insurance broker McGill and Partners, according to people familiar with the matter. The private equity firm has held early talks with potential advisers to explore options for London-based McGill, t...

Posted: Jan 14, 2026

Markets/Coverages: Aon Expands Data Center Lifecycle Insurance Program to $2.5B

Aon said it has expanded the capacity available in it Data Center Lifecycle Insurance Program from $1 billion to $2.5 billion. The expansion responds to accelerating global investment in cloud computing, artificial intelligence and digital infrastruc...

Posted: Jan 14, 2026

India Digital Insurer Acko Said to Seek Banks for $350 Million India IPO

Indian digital insurer Acko Technology & Services Pvt. has invited pitches from investment banks for a potential initial public offering to raise as much as $350 million, according to people familiar with the matter. The IPO, which may include a...

Posted: Jan 14, 2026

EPA Aims to Speed Permitting for Energy, AI Infrastructure With Rule Change

The Trump administration on Tuesday proposed a rule revising Biden-era pollution protections for waterways, a move the Environmental Protection Agency said would speed permitting of energy and artificial intelligence infrastructure. The proposed rule...

Posted: Jan 14, 2026

Fleets Must Stay on Top of Changes in Risk Location, Volume, and Driving Behavior to Reduce Crashes

While severe collisions declined last year, many factors influence commercial driving behavior. Though seasonal changes and distractions are expected, geopolitical factors add to less predictable freight patterns, shifting driving hazards inland. Uti...

Posted: Jan 14, 2026

Fleets Must Stay on Top of Changes in Volume and Behavior to Reduce Crashes

While severe collisions declined last year, many factors influence commercial driving behavior. Though seasonal changes and distractions are expected, geopolitical factors add to less predictable freight patterns, shifting driving hazards inland. Uti...

Posted: Jan 14, 2026

Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates

Two independent claims adjusters in the Southeast have teamed up to create what they say is a quick, low-cost way for property owners to double-check insurance carriers’ damage estimates on claims. They’re calling it “CarFax for pro...

Posted: Jan 14, 2026

Viewpoint: What The Return of California’s ‘Death Discount’ Means for Litigation

In California, historically, when a plaintiff filed a personal injury action relating to their own injuries and then died mid-litigation and the case was converted to a wrongful death action, the value of the case was viewed as substantially diminish...

Posted: Jan 14, 2026

People Moves: Ames & Gough Appoints Marchetti as President; Gough Becomes CEO

Ames & Gough, headquartered in Washington, D.C., appointed Thomas Marchetti as president and Matthew Gough as CEO. Marchetti is responsible for the firm’s day-to-day operations, including sales, marketing, client service, accounting, HR, te...

Posted: Jan 14, 2026

How Colorado Sparked a Global Push for Salary Transparency

Colorado cracked open the culture of secrecy around salaries when it started forcing employers to include pay ranges in job postings. It also sparked an international trend. Since the state’s rule took effect in 2021, about a dozen other states...

Posted: Jan 14, 2026

New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud

New York Governor Kathy Hochul announced an agenda aimed at making New York more affordable that includes fighting auto insurance fraud and mandating property insurance discounts for mitigation efforts. In her 2026 State of the State address, Hochul...

Posted: Jan 14, 2026

Marshall+Sterling Acquires New York’s Sidle Insurance

New York-based national insurance agency Marshall+Sterling announced it has acquired Sidle Insurance, an independent insurance agency based in Montour Falls, New York. Serving individuals, families, and businesses in the Finger Lakes region, Sidle In...

Posted: Jan 14, 2026

Oklahoma Homeowners Can Apply for Up to $10K Grants for Fortified Roofs

Oklahoma homeowners can now apply for grants of up to $10,000 to upgrade to storm-resistant Fortified roofs. The Oklahoma Insurance Department opened statewide applications for its Strengthen Oklahoma Homes (SOH) Grant Program on Monday, Jan. 12. The...

Posted: Jan 13, 2026