Insurance Journal
Tesla Inc. is no longer selling the majority of new electric cars registered in California, the state that accounts for almost a third of all zero-emission vehicle purchases in the US. The company’s share of EV sales in the state …
Posted: Apr 17, 2025
This post is part of a series sponsored by Expert Insured. In the fast-paced insurance landscape, time is critical. For MGAs and wholesalers, delays in policy issuance can mean missed opportunities and increased costs. Built on over 15 years of ̷...
Posted: Apr 16, 2025
The Federal Emergency Management Agency has denied Washington state’s request for emergency relief funds to help repair an estimated $34 million in damage from a deadly bomb cyclone storm system in November, according to Gov. Bob Ferguson. Ferg...
Posted: Apr 16, 2025
The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a report from AM Best. “E...
Posted: Apr 16, 2025
The U.S. excess and surplus (E&S) lines market continues to offer profitable growth opportunities for insurers and reinsurers in the London market – which could help counteract some possible headwinds, according to a report from AM Best. “E...
Posted: Apr 16, 2025
A consumer advocacy group has sued the California Department of Insurance and Commissioner Ricardo Lara to block hundreds of millions of dollars in surcharges that could soon appear on California homeowners’ insurance bills. Consumer Watchdog s...
Posted: Apr 16, 2025
The Louisiana legislative session is underway this week in Baton Rouge, where lawmakers are primed to address the state’s insurance affordability crisis. Governor Jeff Landry and Insurance Commissioner Tim Temple both have made it clear that in...
Posted: Apr 16, 2025
California Governor Gavin Newsom said his state is suing to halt Donald Trump’s tariffs, setting up a high-stakes legal challenge to the president’s landmark effort to overhaul global trade. The state will file a complaint Wednesday in Sa...
Posted: Apr 16, 2025
California Governor Gavin Newsom sued to halt Donald Trump’s tariffs, setting up a high-stakes legal challenge to the president’s landmark effort to overhaul global trade. The state is challenging Trump’s use of emergency powers to...
Posted: Apr 16, 2025
Prosecution of widespread crop insurance fraud in Kentucky has continued with the indictment of a tobacco warehouse manager who allegedly facilitated some of the schemes. Thomas H. Kirkpatrick, manager of Farmers Tobacco Warehouse in Danville, conspi...
Posted: Apr 16, 2025
When they boarded a small plane bound for upstate New York this past weekend, the six passengers — a pair of close-knit siblings, their parents and partners — were on the cusp of a new chapter in a family life …
Posted: Apr 16, 2025
Texas is growing. People are moving to the state in droves. Companies want to build their facilities here. Sustaining the growth will require nearly double the electricity the grid deploys today. The state’s grid operator can meet the moment, P...
Posted: Apr 16, 2025
Wildfire losses in the U.S. are increasing, but the risk is still considerably smaller than hurricanes, according to a new KCC white paper. While we usually think of California and other western states—especially since the devastating LA wildfires in...
Posted: Apr 16, 2025
King Risk Partners, based in Gainesville, Florida, has acquired Watts, Dawson & Associates, an independent agency with offices in Temple Terrace and Valrico, Florida. The move expands King Risk’s presence in Florida, the company said in an...
Posted: Apr 16, 2025
King Risk Partners, based in Gainesville, Florida, has acquired Watts, Dawson & Associates, an independent agency with offices in Temple Terrace and Valrico, Florida. The move expands King Risk’s presence in Florida, the company said in an...
Posted: Apr 16, 2025
A St. Louis, Missouri man who allegedly defrauded insurance companies by staging vehicle accidents and injuries was sentenced to 18 months in prison and ordered him to pay $107,951 in restitution, the U.S. Attorney’s Office, Eastern District of...
Posted: Apr 16, 2025
Inszone Insurance Services announce its second acquisition in the state of Kansas with the addition of Munson Insurance Agency, located in Arkansas City, Kansas. This milestone further strengthens Inszone’s presence in the Midwest and demonstra...
Posted: Apr 16, 2025
Alliant Insurance Services has named Tony Mateja as Senior Vice President within its Employees Benefits Group. Based in Chicago, Mateja will leverage his financial background and strategic insight to help clients design and execute long-term, data-dr...
Posted: Apr 16, 2025
China is tightening regulations on battery-powered vehicles and will require its automakers to comply with higher battery safety standards, aiming to reduce risks of fire and explosions in the fast-growing sector. The Ministry of Industry and Informa...
Posted: Apr 16, 2025
The Travelers Cos. said first quarter 2024 fell 65% on an underwriting loss of $305 million. Travelers posted first quarter net income of about $395 million compared to about $1.1 billion during the first quarter of 2024. The underwriting loss …...
Posted: Apr 16, 2025
First quarter net income at Progressive Corp. increased 10% compared to the same period a year ago to about $2.6 billion. Progressive reports results monthly. Net income for March was down 42% to $522 million. The Mayfield Village, Ohio-based insurer...
Posted: Apr 16, 2025
A Swedish probe found no conclusive evidence to suggest that a Chinese ship had deliberately dragged its anchor to damage two Baltic Sea cables, Sweden’s Accident Investigation Authority said on Tuesday, though a separate investigation remains...
Posted: Apr 16, 2025
Alphabet’s Google is being sued in Britain for potential damages of up to 5 billion pounds ($6.6 billion) in a class action alleging the company abused its dominant market position in the online search industry. The class action, filed at ̷...
Posted: Apr 16, 2025
Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. (MECO), subject to regulatory approval. Financial details of the transaction were not disclosed. Founded in 1974, MECO is a leading, in...
Posted: Apr 16, 2025
Zurich North America, headquartered in Schaumberg, Illinois, hired Jeannie Sullivan as head of technology for its U.S. middle market team. She will report to Stan Bernard, head of industry practices for U.S. middle market at Zurich, a leading provide...
Posted: Apr 16, 2025