Insurance Journal
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
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
A federal appeals court blocked U.S. President Donald Trump from removing Democratic members from two federal labor boards on Monday, setting aside its earlier ruling. The decision by the U.S. Court of Appeals for the District of Columbia Circuit fur...
Posted: Apr 07, 2025
Minnesota lawmakers have introduced a bill that would establish a low-cost auto insurance program for low-income residents. HF 2215 would establish the Minnesota Lifeline Insurance Program, a state-sponsored, alternative auto insurance option for mot...
Posted: Apr 07, 2025
A multiday severe weather outbreak in the central U.S. caused an estimated $80 billion to $90 billion in total damage and economic loss, according to a preliminary estimate from AccuWeather. From April 2 to April 6, a rare weather system …
Posted: Apr 07, 2025
resident Donald Trump’s sweeping tariff plans battered global markets again on Monday after he said foreign governments would have to pay “a lot of money” to get the levies removed, while U.S. stocks got a brief lift on hints of ...
Posted: Apr 07, 2025
Dutch Broker HW International Completes Management Buyout HW International BV (HWI BV), the privately held, Dutch insurance broker, has completed a management buyout with the backing of OBL Investments BV, a privately held company. Financial details...
Posted: Apr 07, 2025
Cattle Raisers Insurance, in partnership with Higginbotham, announced a new offering that provides qualified Texas & Southwestern Cattle Raisers Association members with an exclusive 10% discount on Travelers property insurance coverage. The anno...
Posted: Apr 07, 2025
Viatris said on Monday it would pay up to $335 million over nine years as part of a nationwide settlement to resolve opioid-related claims against the drugmaker. Shares of the Pennsylvania-based company, formed by the merger of Mylan and Pfizer’...
Posted: Apr 07, 2025
In a March memo to lawmakers, Florida’s Office of Insurance Regulation sharply criticized the state’s rather unique two-agency insurance regulatory structure, arguing that the Department of Financial Services has dropped the ball on consu...
Posted: Apr 07, 2025
SecurityScorecard and Willis, a WTW business, announced a collaboration to enhance cyber risk quantification, improve insurance modeling, and strengthen enterprise security strategies for organizations worldwide. As part of this partnership, Security...
Posted: Apr 07, 2025
GREENSBORO, N.C. (AP) — A federal lawsuit alleging North Carolina’s new electronic courts records and case management system contributed to unlawful arrests or extended jail detainments can continue against the system’s developer and a co...
Posted: Apr 07, 2025
NASHVILLE, Tenn. (AP) — Workers at an East Tennessee plastics company who died in flooding from last year’s Hurricane Helene had time to evacuate, albeit by “makeshift routes,” according to an investigation from the Tennessee Occupa...
Posted: Apr 07, 2025
FRANKFORT, Ky. (AP) — A 9-year-old Kentucky boy who died in floodwaters while walking to catch his school bus was remembered by his classroom teacher as the “sweetest, kindest boy.” The death of Gabriel Andrews stunned residents in the Bl...
Posted: Apr 07, 2025
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines kept rising in the first quarter to 4.9%, up from 4% during the prior three-month period. Richard Kerr, CEO of Novatae Risk Group, said the increase was …
Posted: Apr 07, 2025
The European Commission is considering counting international carbon credits towards its next climate target, a move that could weaken the CO2-cutting efforts it demands from domestic industries, sources familiar with the matter told Reuters. The ide...
Posted: Apr 07, 2025
Global credit markets began to come under fire on Monday, driving the cost of insuring against corporate and sovereign default higher, as recession fears rippled across equities, commodities and currencies. Trillions of dollars have been wiped off gl...
Posted: Apr 07, 2025
Leading governance adviser Institutional Shareholder Services (ISS) has recommended Generali investors vote to hand CEO Philippe Donnet another term at a general meeting on April 24. Donnet has been put forward as a candidate by the insurer’s m...
Posted: Apr 07, 2025
Plymouth Rock Home Assurance Corp., headquartered in Boston, appointed Kevin Zygmunt as its chief operating officer. In his new role, he oversees operations for the marketing, underwriting, service, and claims teams for the home group. Zygmunt most r...
Posted: Apr 07, 2025
Oil company Chevron must pay $744.6 million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. The case was the first of dozens …
Posted: Apr 07, 2025
Meta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure. In February, …...
Posted: Apr 07, 2025
Dallas, TX, April 7, 2025 — At Risk Theory, evolution is at the core of who we are, and our brand should reflect that. We are excited to announce a refresh of our member company logos—a step forward in strengthening …
Posted: Apr 07, 2025
A $2 million agreement has been reached in a lawsuit over the death of a young woman while she was in custody at a North Dakota county jail in 2020. Lacey Higdem, 19, died of a drug overdose on June …
Posted: Apr 07, 2025
A Travis County district court judge on Friday awarded $6.6 million to four former senior aides to Attorney General Ken Paxton who said they were improperly fired after reporting Paxton to the FBI. Judge Catherine Mauzy stated in her judgment …
Posted: Apr 07, 2025
Bayer said on Friday it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages. Bayer said in its petition that consumers shoul...
Posted: Apr 07, 2025