Insurance Journal

Lilly Sues 4 Compounders Over Copies of Weight-Loss Drugs

Eli Lilly said Wednesday it had sued four compounders for selling unapproved products containing tirzepatide, after a U.S. judge last month blocked pharmacies from making copies of its weight-loss and diabetes medicines. Compounders were, until recen...

Posted: Apr 24, 2025

Insurance Groups Celebrate Signing of Georgia Tort Reform Laws

ATLANTA (AP) — Republican Gov. Brian Kemp’s political organization took to social media to tout his success in limiting lawsuits in a way Georgians could understand. “Thank you” its ad proclaimed, with the words blocked in the yello...

Posted: Apr 24, 2025

Update on New Jersey Wildfire: 50% Contained; 13,250 Acres Burned

New Jersey firefighters reported Wednesday night that the Jones Road wildfire in Ocean County has been 50% contained after burning 13,250 acres. About 12 structures are currently under threat, down from 20 on Wednesday, according to the New Jersey Fo...

Posted: Apr 24, 2025

Update on New Jersey Wildfire: Suspect Charged With Arson

New Jersey officials announced that a 19-year old man has been charged with arson in connection with the Jones Road wildfire that started on April 22 and has spread throughout the southern Ocean County area. Joseph Kling of Waretown has …

Posted: Apr 24, 2025

Generali CEO Secures New Term After Contested Natixis Deal

Generali Chief Executive Philippe Donnet secured shareholder support on Thursday to stay in the job for another three years, after he struck a landmark asset management deal that irked both a major investor and the Rome government. The vote hands &#8...

Posted: Apr 24, 2025

UK’s Extremely Dry Start to Year Raises Crop and Wildfire Risks

The UK’s driest start to the year in four decades is threatening the country’s grain crops and increasing the risk of wildfires. Total precipitation of about 20.5 centimeters (8.1 inches) during the first quarter was the lowest since 1985...

Posted: Apr 24, 2025

AXA Board Proposes to Renew CEO Buberl’s Mandate in 2026

French insurer AXA’s board of directors will propose the renewal of Chief Executive Thomas Buberl’s mandate for another four years at its annual shareholder meeting in 2026, the company said on Wednesday. Buberl, 52, has led the group sin...

Posted: Apr 24, 2025

UniCredit Holds Stake of Between 6-7% in Generali, Source Says

UniCredit has increased its stake in insurer Generali to between 6% and 7%, a person with knowledge of the matter said on Thursday, ahead of a key shareholder vote to pick a new board of directors. Unicredit’s stake was 5.3% …

Posted: Apr 24, 2025

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