Insurance Journal

The Race to Fix Aging Computer Systems Heats Up With AI’s Help

Kresimir Mudrovcic and his team of programmers spend months on end trawling through computer code that can be three times as old as the crew’s youngest members. Mudrovcic specializes in mainframe technology, involving computers tracing their ro...

Posted: Apr 24, 2025

Tech Update: Lloyd’s Backs BreachBits; ZoJacks Prevents Water Claims; Eagleview Expands Drone Option...

Washington, D.C.-based BreachBits has received an investment of an undisclosed amount from Lloyd’s in what is the London-based global insurance marketplace’s third strategic innovation investment from among over 150 alumni of the Lloyd&#8...

Posted: Apr 24, 2025

More Floridians Moving Out Due to Housing, Insurance Costs, Cotality Report Says

Florida’s elected leaders have long touted the “1,000 people a day” moving into the state. But that trend shows signs of slowing, with people moving out of the Sunshine State due to surging housing and property insurance costs, acco...

Posted: Apr 24, 2025

Distracted Drivers Are Overconfident; 20% Still Texting While Drivin

Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking...

Posted: Apr 24, 2025

Distracted Drivers Are Overconfident; 20% Still Texting While Driving

Driver overconfidence is leading to risky behavior. Nationwide’s latest driver survey found 20% of drivers text while driving, 15% use social media, 13% watch videos, and 11% read or write emails. Half of all drivers admit to eating or drinking...

Posted: Apr 24, 2025

People Moves: SCM Names Valenzuela VP and Bond Manager; Breiter Joins Alliant in California

Valenzuela Joins SCM as Vice President and Bond Manager SullivanCurtisMonroe Insurance Services named Adriana Valenzuela vice president and bond manager. Before joining SCM, Valenzuela managed the surety department for Alliant Insurance Services&#821...

Posted: Apr 24, 2025

Viewpoint: What Tariffs and Steel Prices Mean for E&S Construction Insurance in California

Steel prices have been anything but steady in recent years. With renewed discussions around tariffs and trade restrictions, another wave of volatility may be on the horizon. While much attention is paid to how rising material costs impact builders an...

Posted: Apr 24, 2025

Viewpoint: What Tariffs, Steel Prices Mean for E&S Construction Insurance in California

Steel prices have been anything but steady in recent years. With renewed discussions around tariffs and trade restrictions, another wave of volatility may be on the horizon. While much attention is paid to how rising material costs impact builders an...

Posted: Apr 24, 2025

A California New Car Group is Suing Volkswagen and Affiliate for Violating Franchise Laws

The California New Car Dealers Association filed a lawsuit against Volkswagen and its affiliate, Scout Motors, for allegedly violating California’s franchise laws. The CNCDA lawsuit, filed in in San Diego County Superior Court, asserts that Vol...

Posted: Apr 24, 2025

A California New Car Group Sues Volkswagen and Affiliate for Violating Franchise Laws

The California New Car Dealers Association filed a lawsuit against Volkswagen and its affiliate, Scout Motors, for allegedly violating California’s franchise laws. The CNCDA lawsuit, filed in in San Diego County Superior Court, asserts that Vol...

Posted: Apr 24, 2025

Maryland Slashes Damages Amount Allowed in Child Sex Abuse Cases

Maryland, which in 2023 passed the Child Victims Act (CVA) that allows survivors who were victims of sexual abuse as minors to sue their abusers anytime, has now cut by half the amounts that may be awarded in such claims. …

Posted: Apr 24, 2025

Maryland Slashes Damages Amounts Allowed in Child Sex Abuse Cases

Maryland, which in 2023 passed the Child Victims Act (CVA) that allows survivors who were victims of sexual abuse as minors to sue their abusers anytime, has now cut by half the amounts that may be awarded in such claims. …

Posted: Apr 24, 2025

Transforming MGA and Wholesaler Accounting with Expert Insured’s Tailored Accounting Solution

This post is part of a series sponsored by Expert Insured. Accounting is often one of the most challenging aspects of managing an MGA or wholesaler operation. Built on 15 years of proven use by insurance professionals, Expert Insured’s accounti...

Posted: Apr 23, 2025

Texas-Based Insurtech Steadily Secures $30M Series C Round

Steadily, a provider of landlord insurance in the U.S., announced $30 million in Series C funding led by Two Sigma Ventures at a $355 million valuation. Steadily serves 18 million individual rental property owners who collectively own the majority of...

Posted: Apr 23, 2025

Insurance Industry Charitable Foundation Establishes Minnesota Chapter

The Insurance Industry Charitable Foundation, a nonprofit organization dedicated to helping communities and enriching lives, recently announced the establishment of the IICF Minnesota Chapter, part of the IICF Midwest Division. Based in Minneapolis a...

Posted: Apr 23, 2025

Texas Farmers Fear Proposed Legislation Could Devastate Hemp Economy

Andrew Hill, who studied and farmed hemp in California before it was legal in Texas, was a keynote speaker at the state’s first-ever agricultural hemp expo in Dallas in 2019. Amid considerable hype and excitement that followed the recent federa...

Posted: Apr 23, 2025

Class Action Accuses Toyota of Illegally Sharing Drivers’ Data with Progressive

A federal class action lawsuit filed this week in Texas accuses Toyota and an affiliated telematics aggregator of unlawfully collecting drivers’ information and then selling that data to Progressive. The lawsuit alleges that Toyota and Connecte...

Posted: Apr 23, 2025

Class Action Accuses Toyota of Illegally Sharing Drivers’ Data With Progressive

A federal class action lawsuit filed this week in Texas accused Toyota and an affiliated telematics aggregator of unlawfully collecting drivers’ information and then selling that data to Progressive. The lawsuit alleges that Toyota and Connecte...

Posted: Apr 23, 2025

Delta Plane Catches Fire at Orlando Airport in Latest Incident for Airline

ORLANDO, Fla. (AP) — A Delta Air Lines airplane caught fire on Monday before it was supposed to take off at a central Florida airport, forcing the evacuation of passengers, airport officials said. There were no reports of any injuries …

Posted: Apr 23, 2025

Minnesota Senior Living Facility Fined $73K for Pregnancy Discrimination

White Pine Senior Living, an assisted living facility in Minnesota, has agreed to pay $73,000 and provide other equitable relief to settle a pregnancy discrimination and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (E...

Posted: Apr 23, 2025

Outsourcing Firm to Pay $250K For Discriminating Against Blind Employee in Texas

The Results Companies, A business services outsourcing firm agreed to pay $250,000 to settle a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to the EEOC’s sui...

Posted: Apr 23, 2025

Lawsuits Accuse Insurers of Colluding to Drop Coverage in Fire-Prone Parts of California

Two lawsuits filed in Los Angeles allege major home insurance companies have colluded to limit coverage in California communities at high risk for wildfires and force homeowners onto the state’s last-resort insurance plan that offers basic cove...

Posted: Apr 23, 2025

Researchers Testing Textured Seawall in Miami to Hold Back Rising Seas

Morningside Park, a beloved neighborhood park in Miami with sweeping views of Biscayne Bay, will soon pilot an innovative approach to coastal resilience. BIOCAP tiles, a 3D-printed modular system designed to support marine life and reduce wave impact...

Posted: Apr 23, 2025

Markel Insurance Restructures US, Bermuda Operations, With Leadership Appointments

Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions. The changes follow the appointment of Simon...

Posted: Apr 23, 2025

Markel Insurance Restructures Markel Specialty, Appoints Leaders

Markel Insurance announced that its U.S. and Bermuda operations, previously known as Markel Specialty, are being divided into two business divisions: US Wholesale and Specialty, and Programs and Solutions. The changes follow the appointment of Simon...

Posted: Apr 23, 2025