Insurance Journal

Texas Bill Would Add New Regulations for Renewable Energy Sector

Texas’ renewable energy industry is booming. Accounting for nearly 90% of new electrical generation, wind, solar and battery storage industries have established themselves as a reliable source of energy for the state’s grid — and position...

Posted: Apr 09, 2025

Keystone Oil Pipeline Is Shut After a Spill in North Dakota

South Bow Corp.’s Keystone oil pipeline has been shut after a spill in southeast North Dakota, curtailing a conduit that carries as much as 15% of Canada’s crude exports to the US. The pipeline was shut within two minutes after …

Posted: Apr 09, 2025

People Moves: Allianz Commercial Expands US Construction With Hires; IMA Hires Lockton’s Wargo to L...

Allianz Commercial, headquartered in New York City, expanded its U.S. construction team with five new hires who will join Allianz Commercial’s Master Builder’s Risk team by mid-April. Kristen Hoskinson was appointed executive underwriter...

Posted: Apr 09, 2025

People Moves: Allianz Commercial Expands US Construction With Hires; IMA Hires Lockton’s Wargo to Le...

Allianz Commercial, headquartered in New York City, expanded its U.S. construction team with five new hires who will join Allianz Commercial’s Master Builder’s Risk team by mid-April. Kristen Hoskinson was appointed executive underwriter...

Posted: Apr 09, 2025

Justice Department Disbands Cryptocurrency Enforcement Team

The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to narrow crypto investigations to focus on drug cartels and terrorist groups, according to a memo seen by Reuters. The memo from Deputy A...

Posted: Apr 09, 2025

Viewpoint: EEOC Documents on DEI Programs Increase Pressure on Employers

On March 19, 2025, the U.S. Department of Justice (DOJ) Office of Public Affairs issued a press release announcing two technical assistance documents jointly released by the U.S. Equal Employment Opportunity Commission (EEOC) and the DOJ. The stated...

Posted: Apr 09, 2025

Report Shows California Workers’ Comp Medical Review Denials Still Rarely Overturned

The rate of California workers’ compensation medical treatment request denials being overturned was up slightly last year, but they are still a relatively rare occurrence, a new report shows. Denials were overturned at a rate of 12.7%, an incre...

Posted: Apr 09, 2025

Singer Sues Metropolitan Opera Over Her Dismissal After Giving Birth

Mezzo-soprano Anita Rachvelishvili sued the Metropolitan Opera and her union, alleging the company unlawfully terminated her contracts because of a vocal issue that developed after she gave birth. She also accused the union of failing to pursue a gri...

Posted: Apr 09, 2025

‘CJ’s Death Was Completely Avoidable,’ Say Parents Suing Bucknell Over Son’s Death

The parents of a freshman Bucknell University football player who died after his first day of football practice in 2024 have filed a wrongful death lawsuit against the school, its administrators, and athletic coaches who, they allege, could have prev...

Posted: Apr 09, 2025

People Moves: Reeder Joins Alliant Employee Benefits as Vice President

Danny Reeder joined Alliant Insurance Services as vice president within its employee benefits group. Based in Utah, Reeder has more than 13 years of leadership experience in executive consulting, account management and benefits strategy. Prior to All...

Posted: Apr 09, 2025

New Mexico Insurance Department Moving to Increase FAIR Plan Limits

New Mexico Superintendent of Insurance Alice Kane increased maximum residential property insurance limits for policies from $350,000 to $750,000 through the New Mexico Fair Access to Insurance Requirements Plan. The move was adopted by the NM FAIR Pl...

Posted: Apr 08, 2025

US Trade Rep Faces Bipartisan Questions on Scope and Duration of Tariffs

U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump’s administration has no plans to change tactics on the global tariff program in the near term, prompting some light push back from Republican law...

Posted: Apr 08, 2025

Gov. Moore Swears In Executive Team Including Insurance Commissioner Grant

Maryland Governor Wes Moore this week swore in eight new executive leaders, each confirmed by the Senate during the 2025 legislative session, to fill key positions across state government. Among them was Insurance Commissioner Marie Grant, who joined...

Posted: Apr 08, 2025

People Moves: NFP Names D’Agostino Senior Vice President

NFP, an Aon company headquartered in New York City, named Joseph D’Agostino as senior vice president, property and casualty. D’Agostino has nearly two decades of experience supporting hundreds of companies in navigating IPOs, acquisitions...

Posted: Apr 08, 2025

Maine’s United Insurance Acquires Barresi Financial

Portland, Maine-based United Insurance announced it has acquired Barresi Financial, a financial services and retirement advisory firm with offices in Bangor and Presque Isle. Barresi’s 10 associates will join United, according to Zack Frechette...

Posted: Apr 08, 2025

Singapore Customer Data Exposed After Ransomware Attack on Vendor of DBS, BoC

Some customer information from Singapore’s DBS Group and Bank of China’s branch in the country has potentially been compromised after a ransomware attack on their data vendor Toppan Next Tech (TNT). DBS said on Monday customer statements...

Posted: Apr 08, 2025

Louisville, Other Parts of Kentucky Brace for More Flooding as Rivers Crest

The Ohio River is expected to crest Tuesday night at historically high levels, exacerbating flooding that has already swamped hundreds of homes, businesses and restaurants in Louisville and other parts of Kentucky. While heavy rains have moved on, ri...

Posted: Apr 08, 2025

Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers

Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administrati...

Posted: Apr 08, 2025

UK Urged to Give Companies Incentives to Hire the Long-Term Sick

The UK government needs to consider more perks for businesses and employees if it’s serious about getting the long-term sick back into the country’s workforce, two think-tanks said. Chancellor of the Exchequer Rachel Reeves should give fi...

Posted: Apr 08, 2025

China Calls for Smart Driving Vigilance After Fatal Crash of Xiaomi Corp. EV

Chinese authorities warned drivers to stay vigilant and reduce the use of advanced driver-assistance technology during the Qing Ming Festival holiday, after three people died in an accident involving a Xiaomi Corp. electric car just over a week ago....

Posted: Apr 08, 2025

Broker BMS Appoints Former Hannover Re Executive Henchoz as Chairman of Board

BMS Group, the London-based specialist insurance and reinsurance broker, announced the appointment of Jean-Jacques Henchoz to the role of chairman of the board, effective May 1, 2025. Henchoz was most recently the CEO and chairman of the Executive Bo...

Posted: Apr 08, 2025

Markets/Coverages: Resilience to Expand Cyber Capacity With Accredited

Resilience is expanding the availability of its cyber risk solutions to serve large enterprise accounts with revenue greater than $10 billion. The expanded underwriting authority provides broker partners with more options in addressing clients’...

Posted: Apr 08, 2025

How Westfield is Implementing AI in Claims

Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies hold for those overseeing an on...

Posted: Apr 08, 2025

How Westfield Is Implementing AI in Claims

Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies hold for those overseeing an on...

Posted: Apr 08, 2025

Lufkin, Texas Meat Processing Plant Receives DWC Safety Recognition

The Texas Division of Workers’ Compensation announced the recipient of the 2024 Lone Star Safety Award is Double R Brand Foods LLC for its meat processing plant located in Lufkin, Texas. The recognition highlights the company’s commitment...

Posted: Apr 08, 2025