Insurance Journal

JUNE 12, 2025

Wind roared against the SUV’s windows as its tires sloshed through water dumped onto the road by the downpour. A horizon-wide funnel cloud loomed out the window, several miles away. Then came the loud metallic pings on the roof.

Damage 130

Damage 130

Insurance Journal

JUNE 12, 2025

A report from a climate activist group says State Farm’s rate increases, if approved, would cost the average California homeowner more than $1,000.

Insurer 130

Insurer Insurance Insured 130

Insurance Journal

JUNE 12, 2025

Big ‘I’ Names Connors ACT Executive Director The Big “I” appointed Kasey Connors as executive director of the Big “I” Agents Council for Technology (ACT).

Agents 130

Agents Insured Insurance Insurer 130

Insurance Journal

JUNE 13, 2025

Huntington Insurance Inc., headquartered in Columbus, Ohio, named Zack Feller as employee benefits senior managing director. Feller joins Huntington from Keystone, where he most recently served as president of employee benefits.

Insured 130

Insured Insurance Insurer 130

Insurance Journal

JUNE 13, 2025

A jury has awarded more than $500,000 to five men from Guatemala who said they were exploited and underpaid by a labor contractor that brought them to Michigan to plant and harvest fruit and vegetables.

130

130

Insurance Journal

JUNE 13, 2025

A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on banks and insurers, an influential group of parliamentarians found.

Risk 130

Risk Insured Insurance Insurer 130

Insurance Journal

JUNE 13, 2025

Greece and Britain have advised their merchant shipping fleets to avoid sailing through the Gulf of Aden and to log all voyages through the Strait of Hormuz after Israel’s large-scale attacks on Iran on Friday, documents seen by Reuters showed.

Protection 130

Protection Risk Marine Insurer 130

Insurance Journal

JUNE 13, 2025

JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade.

Building 130

Building Workers Compensation Commercial Property Insurance Industry 130

Insurance Journal

JUNE 12, 2025

California Insurance Commissioner Ricardo Lara on Thursday said he has launched a formal investigation into State Farm’s handling of thousands of insurance claims from wildfire survivors affected by the Palisades and Eaton wildfires in January.

Claim 130

Claim Insurance Claim Insured Insurance 130

Insurance Journal

JUNE 12, 2025

With urging from a coalition of for-hire vehicle drivers and companies including Uber, the New York City Council voted to lower a for-hire vehicles’ insurance requirement in hopes of lowering premiums and disincentivizing fraud.

Premium 130

Premium Insured Insurance Insurer 130

Insurance Journal

JUNE 12, 2025

Inszone Insurance Services acquired Denver West Insurance Brokers in Golden, Colorado. Denver West Insurance Brokers will retain the same office and team members.

Insurance Broker 130

Insurance Broker Broker Insured Insurance 130

Insurance Journal

JUNE 12, 2025

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a+” (Excellent) of the Vermont and California members of Nonprofits Insurance Alliance Group.

Insured 130

Insured Insurance Insurer 130

Insurance Journal

JUNE 12, 2025

New Hampshire Attorney General John M. Formella is alerting residents to an active scam targeting consumers through fraudulent text messages falsely claiming to be from the the state’s Division of Motor Vehicles (DMV).

License 130

License Claim Protection 130

Insurance Journal

JUNE 12, 2025

From North Carolina to Florida, insurance fraud investigators have been busy the last few weeks, leading to the arrests of firefighters, alleged auto-crash stagers, and a man who reportedly filed a claim after his car killed a pedestrian.

Claim 130

Claim Damage Insured Insurance 130

Insurance Journal

JUNE 12, 2025

Meta Platforms Inc. is suing a Hong Kong-based business for allegedly promoting so-called nudify apps, as the Facebook owner attempts to combat a surge in naked and sexual images created by artificial intelligence.

130

130

Insurance Journal

JUNE 11, 2025

When an S&P Global Ratings executive asked the leader of Travelers how current challenges like tariff uncertainty, inflation, geopolitical risks influence the insurer’s strategy, Alan Schnitzer delivered an answer that Larry Wilkinson may not have expected.

Risk 130

Risk Insured Insurance Insurer 130

Insurance Journal

JUNE 12, 2025

Michigan State University has reached settlements worth about $30 million with three students who survived a mass shooting in 2023, attorneys said Tuesday.

Liability 130

Liability 130

Insurance Journal

JUNE 12, 2025

New underwriting talent brings decades of expertise and strong broker relationships to support Alta’s continued growth in the excess space.

Risk 130

Risk Underwriter Underwriting Broker 130

Insurance Journal

JUNE 12, 2025

For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets.

Life Insurance 130

Life Insurance Insurance Companies Insured Insurance 130

Insurance Journal

JUNE 12, 2025

UK risk managers identified five key themes that could affect their businesses, topped by “technology, AI and cyber,” according to AIRMIC, the British risk management group, which conducted a survey of its members.

Cyber 130

Cyber Risk 130

Insurance Journal

JUNE 12, 2025

Optio Group, the London-based, independent specialty MGA, announced the launch of new political violence and terrorism (PVT) binders, backed by 100% Lloyd’s of London capacity.

Protection 130

Protection Agents 130

Insurance Journal

JUNE 12, 2025

A wildfire in Oregon prompted officials to issue evacuation orders for hundreds of homes and to close nearly 20 miles of an interstate in the Columbia River Gorge. Gov.

Property Insurance 130

Property Insurance Damage Insured Insurance 130

Insurance Journal

JUNE 12, 2025

It could take $151 million to repair the Dockside condominium tower in Charleston, which was evacuated in February after an engineering assessment found major structural problems.

Building 130

Building Property Insurance Liability Insurance Liability 130

Insurance Journal

JUNE 12, 2025

The Florida Commission on Hurricane Loss Projection Methodology has accepted new loss models from Karen Clark & Co. and Cotality, the first to meet the commission’s latest standards. KCC’s Version 5.

130

130

Insurance Journal

JUNE 12, 2025

The U.S.

130

130

Insurance Journal

JUNE 11, 2025

Aurora, the London-based digital managing general agent, has launched a property owners insurance product, aiming to enhance the way brokers access and place property risks.

Property Insurance 147

Property Insurance Broker-Agent Agents Broker 147

Insurance Journal

JUNE 11, 2025

Apollo Global Management Inc. said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years.

Insured 147

Insured Insurer Insurance 147

Insurance Journal

JUNE 11, 2025

Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the invasion of Ukraine, a UK judge ruled potentially leaving insurers on the hook for billions in payouts.

Compensation 147

Compensation Insurance Companies Insured Insurance 147

Insurance Journal

JUNE 11, 2025

Florida-based insurance brokerage King Risk Partners announced it has acquired Cameron Group, Inc., an independent insurance agency located in Nanuet, New York. Cameron Group serves New York, New Jersey, and Connecticut with personal and commercial insurance.

Risk 147

Risk Commercial Insurance Commercial Insurance Agency 147

Insurance Journal

JUNE 11, 2025

U.S. commercial insurance rates went up again in the first quarter 2025, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.

Commercial 147

Commercial Commercial Insurance Insured Insurance 147

Insurance Journal

JUNE 11, 2025

North Carolina automobile insurance rates are poised to increase statewide by a 5% average this fall as part of an agreement reached between state regulators and the insurance industry.

Liability 147

Liability Insurance Industry Insured Insurance 147

Insurance Journal

JUNE 11, 2025

Ategrity Specialty Insurance Company Holdings announced today the pricing of its expected initial public offering (IPO)of 6,666,667 shares of common stock at a public offering price of $17.00 per share.

Insurance Companies 147

Insurance Companies Insured Insurance Insurer 147

Insurance Journal

JUNE 11, 2025

Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake, bringing its shareholding to 40%.

Marine 147

Marine Casualty Insurance Insured Insurance 147

Insurance Journal

JUNE 11, 2025

Uber Technologies Inc.

Damage 147

Damage Insurance Policy Claim Insured 147

Insurance Journal

JUNE 11, 2025

On Wednesday Erie Indemnity Co. reported that the network outage that has affected all of its systems for five days and is continuing to do so was the result of a data security breach.

Insured 232

Insured Insurance Insurer 232

Insurance Journal

JUNE 11, 2025

Philadelphia Insurance Co. is currently experiencing a network outage that is affecting its systems. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online applications.

Insured 221

Insured Insurance Insurer 221

Insurance Journal

JUNE 10, 2025

Five large brokerage firms must reimburse customers $19 million as the result of a nationwide crackdown by state securities regulators on what they say are commission overcharges on small-dollar transactions, according to Massachusetts Secretary of State William F.

Broker 130

Broker Liability 130