Insurance Journal

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

Agents Speak Out: Carrier MFAs Are Inefficient Workflow

As consumers, we all hate to wait longer than necessary for basic service. Independent agents are both consumers and service providers themselves — and they’re caught in the middle of a time trap called “MFA,” or multi-factor authen...

Posted: Apr 08, 2025

Making the Case for Investing in Your Distribution Channel Management

This post is part of a series sponsored by AgentSync. When your team has come to the conclusion that your current vendor, process, or (let’s be honest) spreadsheet isn’t working, you need to get buy-in across your larger organization. Eas...

Posted: Apr 08, 2025

RFK Jr. Visits Texas Measles Epicenter After Death of Second Child Who was Infected

U.S. Health and Human Services Secretary Robert K. Kennedy Jr. visited the epicenter of Texas’ still-growing measles outbreak on Sunday, the same day a funeral was held for a second young child who was not vaccinated and died from a …

Posted: Apr 08, 2025

RFK Jr. Visits Texas Measles Epicenter After Death of Second Child Who Was Infected

U.S. Health and Human Services Secretary Robert K. Kennedy Jr. visited the epicenter of Texas’ still-growing measles outbreak on Sunday, the same day a funeral was held for a second young child who was not vaccinated and died from a …

Posted: Apr 08, 2025

People Moves: URA Adds Fifth Third Bank Executive and Financial Planner to Leadership Team; AXA XL N...

Unison Risk Advisors Adds Fifth Third Bank Executive and Financial Planner to Leadership Team Unison Risk Advisors (URA), headquartered in Cleveland, Ohio, hired Joe DiRocco, formerly an executive with Fifth Third Bank, as its new chief financial off...

Posted: Apr 08, 2025

Texas Attempt to Kickstart New Gas-Fired Power Is Stumbling

A Texas experiment to fund new natural gas-burning power plants with $5 billion in public loans is faltering as several of the proposed facilities drop out, threatening the state’s efforts to meet growing electricity demand. Together, the proje...

Posted: Apr 08, 2025

Boeing Settles Lawsuits With Two 737 MAX Crash Victims’ Families

U.S. planemaker Boeing Co reached settlements with the families of two people who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX on the eve of a trial, the company and lawyers for the families said …

Posted: Apr 08, 2025

Buffett Says Comments Attributed to Him on X, TikTok ‘All False’

Berkshire Hathaway Inc. said Friday that all reports circulating on social media sites including X, TikTok and Facebook “regarding comments allegedly made” by Warren Buffett are false. While Berkshire didn’t describe the nature of t...

Posted: Apr 08, 2025

Collectors Feel Relief as Classic Cars Evade Trump’s Auto Tariffs

President Donald Trump’s sweeping tariff plan has rocked global markets. But one turgid addendum issued by US Customs and Border Protection just after his April 2 tariff pronouncement provided relief for those in the collectible car business: V...

Posted: Apr 08, 2025

Apple Appealing Against UK ‘Back Door’ Order, Tribunal Confirms

Apple is appealing against a British government order to create a “back door” to its encrypted cloud storage systems, the Investigatory Powers Tribunal (IPT) confirmed on Monday. The IPT said in a written ruling that it had refused the Br...

Posted: Apr 08, 2025

Women Charged With Insurance Fraud After SUV Found in Mississippi River

On March 21, authorities in Vicksburg, Mississippi, received a 911 call about a stolen vehicle. Moments later, they had another call, about a partly submerged vehicle in the Mississippi River near a landing. The submerged vehicle prompted a multi-age...

Posted: Apr 08, 2025

The 12th New Property Insurer, Apex Star Reciprocal, Enters Florida Market

Florida’s insurance commissioner on Monday announced another entry into the warming waters of the Florida property-casualty market – the 12th new insurer in the last two years. Apex Star Reciprocal Exchange is part of Starlight Insurance Group,...

Posted: Apr 08, 2025

Hub International Buys Meyer & Rosenbaum Agency in Mississippi

Hub International, a global insurance brokerage and financial services firm, has acquired Meyer & Rosenbaum in Meridian, Mississippi, an insurance agency that was founded in 1932. The agency offers commercial and personal lines products, and the...

Posted: Apr 08, 2025

Judge Nixes Gender Bias Claim by Woman Denied Job as Top Pastor of Black Church

A federal judge has dismissed a gender discrimination lawsuit filed by a professor and minister who lost her bid to become the first woman to serve as senior pastor of New York City’s prominent Abyssinian Baptist Church. The Rev. Eboni …

Posted: Apr 08, 2025

New Jersey Law Targets ‘Near Crime Wave’ of Retail Theft

New Jersey Governor Phil Murphy has signed a bill into law setting stricter penalties for retail theft and calling for a dedicated effort to combat organized retail theft. The new law establishes and upgrades certain crimes related to retail theft, &...

Posted: Apr 08, 2025

Inside LA County’s $4B Agreement to Settle Sex Abuse Claims at Juvenile Facilities

Los Angeles County has reached a $4 billion agreement to settle nearly 7,000 claims of sexual abuse in juvenile facilities since 1959, officials said. The agreement, which still needs approval from the Los Angeles County Board of Supervisors, far sur...

Posted: Apr 08, 2025

Winning Brokers and Agents: How Expert Insured Empowers Wholesalers and MGAs

This post is part of a series sponsored by Expert Insured. Returning from WSIA in Phoenix, one message was clear: wholesalers and MGAs are more focused than ever on delivering exceptional experiences to their broker/agents. In today’s market, b...

Posted: Apr 07, 2025