Insurance Journal

People Moves: CRC Adds New Brokers in Nashville, Birmingham

CRC Specialty, an independent wholesale specialty insurance distributor, named two new brokers in its Southeast operations. Ron Bussey will be a senior broker based in Nashville, focused on casualty insurance placements for large and middle-market cl...

Posted: Dec 23, 2025

California Braces for String of Storms Bringing Rain and Snow

It’s going to be a wet Christmas in California, where a series of storms is about to dump as much as 10 inches (25 centimeters) of rain this week. An atmospheric river is already drenching San Francisco and the Bay …

Posted: Dec 23, 2025

People Moves: XPT Specialty Hires Corrado; NFP Appoints Favale; Jencap Adds Edge

XPT Specialty Hires Corrado as Personal Lines Insurance Broker XPT Specialty, headquartered in New Haven, Connecticut, hired Joseph Corrado as a personal lines insurance broker. Corrado has experience in portfolio oversight, agency partnerships and t...

Posted: Dec 23, 2025

California Hit With Powerful Storms Just as Holiday Travel Ramps Up

California is being inundated with multiple winter storms that will drench the state with rain and deliver dangerous winds, threatening travelers during the Christmas holiday. As much as six inches (15 centimeters) of rain will dump on Southern Calif...

Posted: Dec 23, 2025

Twice Injured Firefighter Loses Second Workers’ Compensation Claim

A Delaware firefighter who twice suffered a workplace injury has been denied workers’ compensation benefits for his second claim because of the way he settled his first claim. He was denied compensation for the second injury because it was judg...

Posted: Dec 23, 2025

Alliant Named Broker for New York MTA’s $2 Billion Subway Project

Alliant Insurance Services reported that it was chosen by New York’s Metropolitan Transportation Authority (MTA) as the insurance broker for Phase 2 of the Second Avenue Subway project, a $2 billion project that was begun in 2025 and is expecte...

Posted: Dec 23, 2025

Los Angeles Angels Settle Lawsuit With Family of Late Pitcher

The Los Angeles Angels reached a confidential settlement Friday with the family of late pitcher Tyler Skaggs after a lengthy trial that detailed drug use by players. The two-month trial centered on whether the Angels bore responsibility for Skaggs&#8...

Posted: Dec 23, 2025

Louisiana Man Sentenced for Multi-State Vehicle Theft Scheme

A Louisiana man was sentenced this month to 115 months in federal prison for his involvement in an alleged multi-state vehicle theft. U.S. District Judge Brian A. Jackson sentenced Christopher Don Byerley, age 45, of Broussard, Louisiana following hi...

Posted: Dec 22, 2025

Texas Lawmakers Fight Against Federal Interference in State AI Regulations

An executive order by President Donald Trump may bring Texas into conflict with the federal government over a new state law regulating the use of artificial intelligence. Trump signed an executive order last week that threatens to cut off federal &#8...

Posted: Dec 22, 2025

Stonetrust Workers’ Comp Expands Into North Carolina

Stonetrust Commercial Insurance, a workers’ compensation carrier based in Louisiana, has expanded into North Carolina, bringing to 13 the number of states in the Southeast and Midwest the company writes in. Stonetrust said in a statement that i...

Posted: Dec 22, 2025

CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases

The 79-year-old former CEO of a health care software firm was sentenced to 15 years in prison after he was convicted of more than $1 billion in fraud tied to falsely billing Medicare for durable medical equipment and other items. …

Posted: Dec 22, 2025

People Moves: Chubb Overseas General Promotes DePeters to Lead Commercial Insurance, Specialty; BMS...

This edition of International People Moves details appointments at Chubb Overseas General Insurance and BMS Group. A summary of these new hires follows here. Chubb Overseas General Promotes DePeters to Lead Commercial Insurance, Specialty Chubb annou...

Posted: Dec 22, 2025

Uber Safety Chief to Depart in Latest Executive Shakeup

The Uber Technologies Inc. veteran overseeing its safety operations is set to depart, setting off a second round of executive changes this year at a time when the rideshare giant is being scrutinized in court over the measures it takes …

Posted: Dec 22, 2025

AI, Cyber insurance and Climate Change Are Key Insurance Themes for 2026: GlobalData

Artificial intelligence (AI), cyber insurance, and climate change/natural catastrophes are the three themes that will have the biggest impact on the insurance market in 2026, according to an annual prediction from GlobalData, the London-based data an...

Posted: Dec 22, 2025

AI, Cyber Insurance and Climate Change Are Key Insurance Themes for 2026: GlobalData

Artificial intelligence (AI), cyber insurance, and climate change/natural catastrophes are the three themes that will have the biggest impact on the insurance market in 2026, according to an annual prediction from GlobalData, the London-based data an...

Posted: Dec 22, 2025

NTSB Unclear Who Was at Controls in Jet Crash That Killed Biffle and 6 Others

Federal investigators are trying to figure out why a business jet carrying retired NASCAR driver Greg Biffle and six others tried to return to a North Carolina airport just after takeoff but plowed into light poles and a tree line …

Posted: Dec 22, 2025

Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics

A federal appeals court ruling last week could potentially help insurers find out who is truly behind litigation financing and medical clinics that are said to participate in auto accidents and insurance fraud. But more legislation is needed in many...

Posted: Dec 22, 2025

Climate Insurance Gap Is Widening – Leaving Marginalized Canadians Behind

Every year, extreme weather events wreak havoc across Canada, disrupting the lives of tens of thousands. Financial losses from these events have surged, surpassing $7 billion in 2024, due in part to climate change, asset accumulation and more people...

Posted: Dec 22, 2025

Happy Holidays: 18,000 Delawareans Have Their Medical Debt Eliminated

Delaware Governor Matt Meyer reported results of Delaware’s medical debt elimination initiative, with nearly $19 million in medical debt abolished for more than 18,000 citizens thus far. The effort is supported by a $500,000 item in the 2026 fi...

Posted: Dec 22, 2025

Private Credit Ratings Face Fresh Scrutiny From Global Watchdogs

The private credit industry is facing fresh scrutiny from top global regulators over some of the ratings being assigned to debt in the $1.7 trillion market, people familiar with the matter told Bloomberg News. The Financial Stability Board, which mon...

Posted: Dec 22, 2025

Swiss Court Admits Indonesian Islanders’ Climate Case Against Cement-Maker Holcim

A court in Switzerland said on Monday it would admit a legal complaint against Swiss cement maker Holcim, which alleges the company is doing too little to cut carbon emissions and hence contributing to global warming. Four residents of the …

Posted: Dec 22, 2025

UK Suspects Chinese Involvement in Foreign Office Cyberattack

The UK Foreign Office was hacked in October in an attack that British officials suspect was carried out by Chinese state-backed actors. The breach was first reported by the Sun newspaper, which said that a Beijing-linked group had accessed thousands...

Posted: Dec 22, 2025

Denmark Blames Russia for Cyberattacks on Utility That Left Houses Without Water

Russia carried out cyberattacks against infrastructure and websites in Denmark in 2024 and 2025, Danish authorities say in a new assessment published this week describing new cases not previously reported. Moscow was responsible for “destructiv...

Posted: Dec 22, 2025

Hong Kong Plans New Crypto, Infrastructure Rules for Insurers

The Hong Kong Insurance Authority is proposing a slate of new rules to channel insurance capital into assets including cryptocurrencies and infrastructure — an unprecedented move that would redirect funds to government‑prioritized sectors. The insura...

Posted: Dec 22, 2025

Minnesota Jury Awards $65M Cancer Case Against Johnson & Johnson

A Minnesota jury awarded $65.5 million last week to a mother of three who claimed talcum products made by Johnson & Johnson exposed her to asbestos and contributed to her developing cancer in the lining of her lungs. Jurors determined …

Posted: Dec 22, 2025