Insurance Journal

High Temperatures, Wildfire Smoke May Trigger Protections for Washington Workers

Worker safety regulators in Washington are warning businesses that temperatures and wildfire smoke are making for hazardous conditions for outdoor workers. The Washington State Department of Labor & Industries issued a notice to employers and wor...

Posted: Jul 15, 2025

Louisiana Insurers Must Disclose Prior Policy Premiums Under Controversial New Law

Under a new state law, Louisiana insurers will be required to give mandatory disclosure of prior policy premium when issuing a renewal policy to a policyholder. Louisiana Insurance Commissioner Tim Temple sent an advisory letter to insurers this week...

Posted: Jul 15, 2025

California Surplus Lines Take-up Soars as Brokers Work to Find Coverage for Clients

The best way to tell that the California homeowners insurance market has been a bear is to see where buyers facing higher rates and lack of options in traditional markets are going for alternatives. One choice is the surplus lines …

Posted: Jul 15, 2025

State Farm Implements 27% Rate Increase for Illinois Homeowners

State Farm is implementing a significant rate hike for Illinois homeowners, citing more frequent severe weather events and rising home replacement costs that are driving up the cost and frequency of claims. The rate hike has drawn the ire of …

Posted: Jul 15, 2025

Diageo Calls Tequila Purity Allegation ‘Baseless’ as Lawsuit Proceeds

Diageo on Monday filed an initial response to a lawsuit accusing the spirits giant of misleading U.S. consumers about the purity of some of its popular tequila brands, calling the claim “baseless.” The company, which also owns whisky bran...

Posted: Jul 15, 2025

London Market Brokers, Associations Welcome Move to Create UK Captive Domicile

The UK Chancellor of the Exchequer Rachel Reeves announced today that the UK will introduce a captive insurance company regime – a decision that was welcomed by brokers and trade associations across the London market. The government aims to deliver &...

Posted: Jul 15, 2025

Antitrust Enforcers ‘Get Out of the Way’ of Multibillion-Dollar Deals

President Donald Trump’s antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration. The U.S. Department of Justice...

Posted: Jul 15, 2025

TWIA Actuarial Committee Recommends No Rate Change for 2026 Policies

The Texas Windstorm Insurance Association actuarial and underwriting committee on Monday voted to recommend no rate change for 2026 residential and commercial policies. The TWIA board of directors will consider the recommendation when they meet on Au...

Posted: Jul 15, 2025

Commerce Department Launches Investigation of Drones, Setting Stage for Tariffs

The US Commerce Department launched investigations into imports of drones, parts for unmanned aerial vehicles and for polysilicon, a key material for solar power, setting the stage for possible tariffs on those goods. The probes were launched on July...

Posted: Jul 15, 2025

Michigan Construction Company Sued for Allegedly Scamming Customers

Michigan Attorney General Dana Nessel announced a lawsuit against Hummingbird Construction Co., LLC and its owner, Matthew Ashline, for allegedly scamming multiple customers by accepting deposits for construction projects never started and then faili...

Posted: Jul 15, 2025

Trump Set to Outline AI Priorities in Speech Asserting US Edge

President Donald Trump plans to deliver a major address on artificial intelligence next week to outline his vision for ensuring American dominance in AI, marking his biggest statement on an emerging technology at the heart of the US-China rivalry. Tr...

Posted: Jul 15, 2025

California Insurance Commissioner OKs Higher Workers’ Pure Premium Filing

California Insurance Commissioner Ricardo Lara approved a higher September 1, 2025, pure workers’ compensation premium rate filing. The decision followed a filing by the Workers’ Compensation Insurance Rating Bureau of California. The WCI...

Posted: Jul 15, 2025

California Farmworker Who Fell From Greenhouse Roof During Chaotic ICE Raid Dies

A farmworker who fell from a greenhouse roof during a chaotic ICE raid this week at a California cannabis facility died Saturday of his injuries. Jaime Alanis, 57, is the first known person to die during one of the Trump …

Posted: Jul 15, 2025

Insured Losses From US Hurricanes Could Rise by 50% With Global Warming

Insured losses from U.S. hurricanes could rise by nearly 50% under a 2°C (3.6°F) global warming scenario, according to MS Amlin, the Lloyd’s global reinsurer. A peer-reviewed study published in the Journal of Catastrophe Risk and Resilience sho...

Posted: Jul 15, 2025

Markets/Coverages: Liberty Specialty Launches Crypto Product for Financial Institutions

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, announced the launch of a dedicated product for financial institutions operating in the burgeoning cryptocurrency market. The product is designed for European crypto-asset servi...

Posted: Jul 15, 2025

Heavy Rains and Flash Flooding Inundate Northeast Roads and Neighborhoods

Heavy rain swept across parts of the U.S. Northeast on Monday night, inundating sections of New York and New Jersey with flash flooding that stranded vehicles in roadways, closed subway lines and led to a declaration of a state of …

Posted: Jul 15, 2025

Lawyers Warn UK NDA Ban May Reduce Misconduct Settlement Payouts

A landmark ban on the use of non-disclosure agreements in workplace misconduct cases – a longstanding practice of financial firms – may make it harder for victims to win compensation and discourage some from speaking up, lawyers say. Unde...

Posted: Jul 15, 2025

Insurance Distribution Channels: A Top-Down Look at the Insurance Distribution Chain

This post is part of a series sponsored by AgentSync. The insurance distribution chain is the path from product production to consumer consumption. And everyone involved in that process—the different entities that can help a company deliver a product...

Posted: Jul 15, 2025

Four People Killed in Small Plane Crash at London Southend Airport, Police Say

All four people aboard a small plane that crashed shortly after taking off from London Southend Airport are dead, police said Monday. Essex Police said work continued to formally identify the victims of Sunday’s crash. “At this stage, we...

Posted: Jul 15, 2025

AI Is Already Showing Signs of Slashing UK Job Openings

UK businesses are dialing back hiring for jobs that are likely to be affected by the rollout of artificial intelligence, a study found, suggesting the new technology is accentuating a slowdown in the nation’s labor market. Job vacancies have de...

Posted: Jul 15, 2025

Air India CEO Says Probe Into Ahmedabad Crash Raises New Questions

A preliminary investigation into the crash of an Air India passenger jet last month that killed 260 people raises additional questions about the incident and the investigation is far from over, Air India’s CEO said in a memo on Monday. …

Posted: Jul 15, 2025

UK Farmers Face Increased Fire Risks as Dry Weather Persists

British farmers are facing increased fire risks to both their fields and harvesting machines, following a long spell of hot, dry weather. Incident reports from fire and rescue services over the weekend show blazes hitting hay bales in Cornwall, while...

Posted: Jul 15, 2025

Tropical Rainstorm to Bring Flooding to Florida Peninsula and Gulf Coast

A tropical rainstorm is expected to bring flooding to the Florida Peninsula on Tuesday before making its way across the Gulf Coast and into Louisiana later in the week. The Florida Peninsula, coastal Alabama and Mississippi and southeastern Louisiana...

Posted: Jul 15, 2025

Texas Department of Insurance Issues Guidance for Insurers Following Deadly Floods

The Texas Department of Insurance shared a bulletin on flooding disaster guidance in light of the deadly floods in the Texas Hill Country. The bulletin lays out expectations for how insurers, agents, contractors, adjusters and HMOs should work with p...

Posted: Jul 15, 2025

Geography and Driving Behavior Contribute to High Flood Death Rates in Texas

Even before the Central Texas floods that killed more than 100 people, the state was by far the leader in U.S. flood deaths due partly to geography that can funnel rainwater into deadly deluges, according to a study spanning decades. …

Posted: Jul 15, 2025