Insurance Journal

Fed Served With DOJ Subpoenas; Powell Vows to Stand Firm

Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the institution. In...

Posted: Jan 12, 2026

US Seizes Fifth Vessel Taken in Venezuela Blockade

The U.S. has seized the Olina tanker in the Caribbean, the fifth vessel targeted in recent weeks as Washington steps up efforts to curb Venezuelan oil exports, U.S. officials said on Friday. The Olina, which according to public shipping database &#82...

Posted: Jan 12, 2026

Finnish Police Release Russia-Linked Ship Held in Cable Sabotage Case

Finnish police said on Monday they had lifted the seizure of a ship which had been held on suspicion of sabotaging an undersea telecoms cable running from Helsinki to Estonia across the Gulf of Finland, although the investigation continues. The &#823...

Posted: Jan 12, 2026

Indian Insurer’s Worker Posts Draft Earnings in WhatsApp Status

ICICI Lombard General Insurance Co., a unit of India’s second-largest private lender, said an employee uploaded undisclosed information about third quarter earnings as a personal WhatsApp status, days ahead of the planned release. The worker, w...

Posted: Jan 12, 2026

One Dead in Australian Wildfires That May Burn for Weeks to Come

One person has died in wildfires in the Australian state of Victoria that have burned out an area slightly larger than Rhode Island. A body was found about 100 meters from a vehicle near the fire-affected town of Gobur, about …

Posted: Jan 12, 2026

Risk & Insurance Education Alliance Becomes First Official Sponsor of the InsHER Podcast

Austin, TX – 1/10/2026 – The Risk & Insurance Education Alliance proudly announces its role as the first official sponsor of the InsHER Podcast, a groundbreaking series dedicated to celebrating and elevating women shaping the insurance industry....

Posted: Jan 12, 2026

Supreme Court to Weigh FCC Power to Fine in New Regulatory Clash

The US Supreme Court will consider invalidating the Federal Communications Commission’s system for imposing financial penalties in a clash that could put fresh limits on the power of federal regulators. The justices said Friday they will hear c...

Posted: Jan 12, 2026

CEOs on Guard as Trump Rattles Companies With Series of Edicts

For American CEOs, reaping the rewards of a Donald Trump presidency is a little more complicated the second time around, in an administration that increasingly pairs conventional conservative deregulation with populist state intervention in big busin...

Posted: Jan 12, 2026

Starkweather & Shepley Acquires DiMatteo Brokerage in Connecticut

Starkweather & Shepley Insurance Brokerage Inc. reports it acquired DiMatteo Insurance Brokers effective January 1, 2026, Founded in 2010, DiMatteo Insurance Brokers is an independent insurance agency based in East Hartford, Connecticut. The firm...

Posted: Jan 12, 2026

California Bill Seeks to Add ‘Transparency’ to Arieal Images Used by Insurers

California lawmaker is pushing to require insurers to notify homeowners in advance of taking or using aerial images of their property, and to stop insurers from basing decisions to cancel, non-renew, or reduce coverage based on aerial images older th...

Posted: Jan 12, 2026

California Bill Seeks to Add ‘Transparency’ to Aerial Images Used by Insurers

A California lawmaker is pushing to require insurers to notify homeowners in advance of taking or using aerial images of their property, and to stop insurers from basing decisions to cancel, non-renew, or reduce coverage based on aerial images older...

Posted: Jan 12, 2026

Billionaire NFL Owner Suing Over Billboards Near His LA Stadium

Stan Kroenke, the billionaire owner of the National Football League’s Los Angeles Rams, has taken a stand against billboards that he says threaten the prosperity of his $5.5 billion sports and entertainment complex in the nation’s second-...

Posted: Jan 12, 2026

New York AG Demands Instacart Hand Over Information About Price Tests

New York Attorney General Letitia James demanded information from Instacart on Thursday, saying it may have violated the state’s law requiring online retailers to disclose when they use consumers’ information to set prices. The move comes...

Posted: Jan 12, 2026

Newsom Seeks $200 Million to Replace EV Tax Credits Cut by Trump

California Gov. Gavin Newsom is asking for $200 million to restart offering tax rebates for electric vehicles that are purchased in the state, making up for a similar federal program that President Donald Trump ended last year. The proposal would &#8...

Posted: Jan 12, 2026

Switzerland Mourns Fire Victims as Country Seeks Answers; Insurers Assess Damages

With flags already at half-mast across Switzerland, a chorus of church bells will ring out across Switzerland at 2 p.m. today in memory of the 40 victims of a deadly fire in a mountain resort. As the country pauses to …

Posted: Jan 09, 2026

Supreme Court Set to Issue Rulings as Trump Awaits Fate of Tariffs

The U.S. Supreme Court could issue at least one ruling on Friday as several major cases remain pending including litigation testing the legality of President Donald Trump’s sweeping global tariffs. The court may release opinions in argued cases...

Posted: Jan 09, 2026

NC Insurance Commissioner Urges President to Not Pardon Greg Lindberg

North Carolina’s insurance commissioner has heard nothing from the White House, three weeks after he sent a letter urging the president to refrain from pardoning twice-convicted insurance entrepreneur Greg Lindberg. “Mr. Lindberg’s...

Posted: Jan 09, 2026

People Moves: Munich Re Syndicate Taps HDI’s Ogden as CEO; HDI Global UK & Ireland Names Hunt as Int...

This edition of International People Moves details leadership transitions at Munich Re Specialty and HDI Global. A summary of these appointments follows here. Munich Re announced that Stephanie Ogden has been named CEO of Munich Re Specialty’s...

Posted: Jan 09, 2026

Baldwin Group Acquires Capstone Group in Philadelphia

Florida-based global insurance broker The Baldwin Group announced it has completed the acquisition of Capstone Group, a multi-line independent insurance brokerage firm headquartered in Lower Gwynedd Township, Pennsylvania, in the Philadelphia area. C...

Posted: Jan 09, 2026

How Trump’s Tariffs Ricochet Through A California Business Park

America’s trade wars forced Robert Luna to hike prices on the rustic wooden Mexican furniture he sells from a crowded warehouse here, while down the street, Eddie Cole scrambled to design new products to make up for lost sales on …

Posted: Jan 09, 2026

Surge of Supercharged Hurricanes Prompt Call for Cat 6 Classification

Scientists warn that warming sea surface temperatures are fueling a surge of extreme, off-the-charts storms, prompting a new hurricane category. Warm, deep ocean hot spots are leading to stronger and more dangerous hurricanes and typhoons, according...

Posted: Jan 09, 2026

Law Firm Faces Sanctions for Failing to Vet Ugandan Claims in $6B 3M Case

An Alabama law firm will likely have to pay more than $800,000—plus another $100,000 in sanctions—for failing to verify hearing loss in hundreds of Ugandans who claimed part of the massive settlement over faulty 3M earplugs. “It’s been a...

Posted: Jan 09, 2026

Company Hit With $9 Million Fine for 2023 Oil Spill off Louisiana Coast

Pipeline safety regulators this week assessed their largest fine ever against the company responsible for leaking 1.1 million gallons of oil into the Gulf off the coast of Louisiana in 2023. But the $9.6 million fine isn’t likely to be …

Posted: Jan 09, 2026

Russian-Bound Tanker Hit by Drone in Black Sea, Maritime Sources Say

A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd’s List Intelligence and a separate maritime security source...

Posted: Jan 09, 2026

China Urges Nestlé to Work Quickly on Baby Formula Recall

Chinese authorities are urging Nestlé SA to work quickly in recalling baby formula products in the mainland over potential contamination concerns. The State Administration for Market Regulation said Thursday that Nestlé had an important corporate res...

Posted: Jan 09, 2026