Insurance Journal RSS feed

The Trump administration said Wednesday there is no viable path forward for California’s High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks. The U.S. Transportation Department released a 315-page report from the …

A senior executive at the UK’s National Wealth Fund has criticized the country’s banks and money managers for what he characterized as their failure to embrace the risk levels needed to drive the low-carbon transition. “What I’m not seeing is …

A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter. The Morning Midas was shipping around 3,000 cars from …

A Republican attempt to block states from enforcing new artificial intelligence rules over the next decade has drawn growing bipartisan objections, exposing tension in Washington over allowing for more unchecked AI development. The proposal, buried on pages 278 and 279 …

China is considering imposing safety requirements for driving assistance systems, as more of the country’s automakers offer such features on cars to attract buyers. A post published by China’s national standards database on Wednesday showed that the country’s Ministry of …

U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is “fully staffed” with weather forecasters and scientists after concerns were raised about some offices losing 24-hour staffing ahead of hurricane season. “We …

Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion. The Luxembourg Investment Fund and Luxembourg Investment Fund …

While major corporate cyber hacking makes the news nearly every day, what about hackers in homes? As personal lives and residences become more intertwined with the internet, consumers are at greater risk of personal cybercrime. As risk grows, so does …

Hackers are tricking employees at companies in Europe and the Americas into installing a modified version of a Salesforce-related app, allowing the hackers to steal reams of data, gain access to other corporate cloud services and extort those companies, Google …

Three women are suing Baltimore’s public school system, alleging they were sexually abused by a special education teacher decades ago while administrators failed to protect students from his predatory behavior. One of the plaintiffs was 14 when she alleges the …

Workers’ compensation benefits are not available to a worker injured when he was chased and hit by a golf cart driven by a co-worker who claimed he was just horsing around. The Virginia Court of Appeals ruled that Dennis Ocasio’s …

A law signed by Maine Gov. Janet Mills last week requires landowners who are participating in the forest carbon credit market to report basic data — including a landowner’s name, contact information, date of enrollment and total enrolled acreage — …

Four construction companies in Washington were fined more than $500,000 combined for violating rules about workers using fall protection gear in the past three months. The fines were issued by the Washington State Department of Labor & Industries, which the …

Howden, the global insurance intermediary group, today announces the acquisition of Granular Investments Limited and Granular Investments EU SAS. This transaction strengthens Howden’s credit risk transfer capabilities in Europe and enhances Howden’s product offerings for large financial institutions. Founded in …

Arthur J. Gallagher & Co. today acquired Reno, Nevada-based Wilkins & Associates Insurance Services Inc. Steve Wilkins, Jared Wilkins and their team will operate under the direction of Scott Firestone, head of Gallagher’s Southwest region retail property/casualty brokerage operations. Wilkins …

Finys, an insurance software solutions provider headquartered in Troy, Michigan, appointed Tim Norman as chief growth officer and Rishi Khetrapal as director of finance. Norman has over 20 years of experience in insurance technology, with a background in property and …

A French-owned metal-treating company in Tennessee failed to utilize safety management and failed to implement lessons learned from previous incidents before a 2024 explosion that killed one worker and heavily damaged the site, the U.S. Chemical Safety and Hazard Investigation …

According to research from the American Tort Reform Association (ATRA), legal service providers spent more than $2.5 billion on 26.9 million ads in 2024 alone—with significant increases in television, radio and outdoor advertising since 2017. The Insurance Information Institute (Triple-I) …

Misdemeanor charges have filed against the man who was operating the boat that fatally struck a 15-year-old girl off a South Florida beach last year, as well as the man who was operating the boat she had been wakeboarding behind, …

Amiga Specialty, an independent international Managing General Agent (MGA), has today announced its official launch. The London-based company said it aims to swiftly establish itself in the global insurance MGA landscape through a combination of strategic acquisitions and robust organic …