Fri.Jul 18, 2025

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Cayman Islands Approves 21 New International Insurance Licenses During H1

Insurance Journal

The Cayman Islands Monetary Authority (CIMA), which represents the international insurance industry in the British overseas territory, reported that licenses have been approved for 21 new international insurers during the first half of this year.

License 165
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Understanding Negligence and Liability for Small Businesses – Protect Insurance

Protect Commercial Insurance

Running a business means juggling a lot of moving parts, and it’s easy to overlook how small oversights can snowball into big problems. One of the most common issues we see as commercial insurance and mortgage brokers is liability claims caused by negligence. But what does negligence actually mean? In plain terms, it’s when someone fails to take reasonable care and that lapse ends up causing harm or loss.

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Neptune Adds Capacity to Bring Flood Insurance Product Nationwide

Insurance Journal

Flood insurer Neptune Flood said recently it secured over $400 million in premium capacity and has launched in Alaska to officially become available in all 50 states.

Premium 165
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5 Key Insurance Policies For Your Tailoring Business

Central Insurance

Tailoring businesses face unique risks—learn which insurance policies protect customer garments, equipment, and operations with expert advice from Central. The post 5 Key Insurance Policies For Your Tailoring Business appeared first on Central Insurance Blog.

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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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AM Best Revises Outlook to Negative for Texas’ Southern Vanguard

Insurance Journal

AM Best announced it has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Southern Vanguard Insurance Company, based in Houston, Texas.

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Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO

Insurance Journal

Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and chief executive officer of Marsh McLennan. “The U.S.

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10 Critical Things Your Car Insurance Won’t Cover (And How Much It Could Cost You)

Agency Height

Think you're fully protected? Discover 10 common exclusions in car insurance that could leave you with thousands in out-of-pocket costs.

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AI Models With Systemic Risks Given Pointers on How to Comply With EU AI Rules

Insurance Journal

The European Commission set out guidelines on Friday to help AI models it has determined have systemic risks and face tougher obligations to mitigate potential threats comply with European Union artificial intelligence regulation (AI Act).

Risk 165
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One Big Beautiful Bill Act brings sweeping changes to health coverage

Healthinsurance.org

In this article What is the OBBBA? Medicaid applications and renewal will get more complex Planned Parenthood no longer eligible for Medicaid reimbursements Low-income immigrants will lose subsidy eligibility Subsidy recipients face full repayment of excess APTC More Marketplace plans can be used with health savings accounts (HSAs) Why does HSA access matter?

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Take the Hassle Out of Claims Management

Insurance professionals use Trellis to streamline claims management by analyzing legal trends, predicting outcomes, and strategizing effectively to serve clients better. Adjusters can evaluate claim validity, estimate settlement amounts, and identify potential litigation risks. Trellis' extensive State Trial Court Data can be leveraged to identify opposing/outside counsel and top mediators for insurance matters, evaluate the risk of new claims by viewing similar claim litigation history, and mor

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King Risk Adds Equestrian Specialist Agency in South Carolina

Insurance Journal

King Risk Partners, a national insurance brokerage with home offices in Gainesville, Florida, has acquired Cummings Insurance Agency in Aiken, South Carolina. Cummings, founded in 2014, has specialized in agricultural and equestrian clients, the companies said in a news release.

Risk 165
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MiCA adoption: Where are we now?

Elmore

MiCA adoption: Where are we now? The EU Markets in Crypto-Assets (MiCA) regulation came into full effect on 1 January 2025. This means that compliance with the MiCA regulation has. The post MiCA adoption: Where are we now? appeared first on Elmore Insurance Brokers.

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Former Tennessee Agent Sentenced For Continuing to Sell Insurance Products

Insurance Journal

A former Tennessee insurance agent who lost his license in 1999 but continued to sell insurance products has been sentenced to 10 years in prison. Most of that jail time was suspended by a judge.

Agents 165
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People Moves: Encova Insurance Names Two New Senior Leadership Team Members; NI Holdings Inc. Names Dawson SVP and CHRO

Insurance Journal

Encova Insurance Names Two New Senior Leadership Team Members Encova Insurance Executive Vice President and Chief Strategy Officer John Kessler will retire at the end of 2026 after more than 40 years of dedicated service to the company.

Insurance 165
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People Moves: Aon Appoints Key Leaders in EMEA Commercial Risk Team; AXA XL Promotes Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s

Insurance Journal

This edition of International People Moves details appointments at Aon and AXA XL. A summary of these new hires follows here.

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Los Angeles Sues Airbnb for Alleged Price Gouging Following Wildfires

Insurance Journal

Los Angeles sued Airbnb, accusing the home rental company of allowing price gouging affecting at least 2,000 properties during January’s wildfires in Southern California, City Attorney Hydee Feldstein Soto said on Friday.

Damage 179
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People Moves: Higginbotham Appoints Reutter to Newly Created CFO, COO Role

Insurance Journal

Higginbotham, headquartered in Fort Worth, Texas, appointed Andrew Reutter as CFO/COO.

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Jury Awards $100M in Shooting Death of Former Florida State Senator’s Son

Insurance Journal

A Miami jury this week awarded a former Florida state senator $100 million in a wrongful death lawsuit brought against the condominium complex where her son was shot to death in 2021.

Liability 179
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Chinese Hackers Still Trying to Break Into Telecoms Across Globe

Insurance Journal

A Chinese hacking group has continued to target phone and wireless providers around the world, compromising devices tied to seven telecommunications companies since February, according to a bulletin that a cybersecurity company recently sent to clients.

Cyber 200
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Former AIG Exec McElroy Faces Sexual Assault Charges in Vermont

Insurance Journal

Earlier this week, American International Group (AIG) made a splash with the announcement that it had hired former Lloyd’s CEO John Neal to be the new leader of General Insurance, the company’s property/casualty operations.

Insurance 179
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Trump Nominates Two Lawyers to Seal Republican Control of US Labor Board

Insurance Journal

President Donald Trump has moved to install a Republican majority at the federal board that hears private-sector labor disputes and oversees union elections, which has been paralyzed by his unprecedented firing of a Democratic member.

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EU’s New Russia Sanctions Aim for More Effective Oil Price Cap

Insurance Journal

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.

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Trainee’s Death Seen as Part of Pattern of Lapses in Railroad Safety

Insurance Journal

Federl investigators report that the 2023 death of a CSX train conductor trainee in Baltimore was caused by an unsafe riding position.

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Ford Recalls Over 694,000 SUVs After Year-Long Fuel Leak Probe

Insurance Journal

Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.

Risk 179
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Tesla Settled Suit Over Autopilot Crash With Truck Crossing Highway

Insurance Journal

Tesla Inc. settled a high-profile lawsuit over a driver’s death in 2019 when the Autopilot system in his Model 3 allegedly failed to avoid a collision with a tractor-trailer crossing a Florida highway.

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Survivors’ Lawyers Allege Decades of Systemic Abuse in Illinois Detention Facilities

Insurance Journal

Illinois has one of the nation’s worst problems with child sex abuse at juvenile detention centers, attorneys representing more than 900 survivors who have filed lawsuits said Wednesday.

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Lightning Strike at New Jersey Archery Range Kills 1, Injures 13

Insurance Journal

A lightning strike at an archery range in Jackson, New Jersey killed a man and injured 13 others Wednesday evening, according to police. Around 7:15 p.m.

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Alaska Tsunami Warning Had Residents Scrambling for High Ground After M7.3 Quake

Insurance Journal

Communities along a 700-mile stretch of Alaska’s southern coast ordered residents to higher ground after a powerful offshore earthquake Wednesday, but officials quickly downgraded and then canceled a tsunami warning for the region. There were no reports of significant damage.

Damage 165
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Waymo Expands in Austin After Tesla Launches Robotaxi Competitor

Insurance Journal

Waymo is more than doubling its service territory in Austin as the driverless taxi firm looks to fend off competition from Tesla Inc. Through its partnership with ride-hailing giant Uber Technologies Inc.

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