Insurance Journal RSS feed

Residents in a Miami suburb used an ax, fire extinguisher and garden hose to rescue four people from a small plane that crashed into a tree in yet another mishap near a busy South Florida airport. “It was nothing short …

The catastrophic floods in central Texas on July 4th occurred in an area where fewer than 3% of homeowners have flood insurance through the National Flood Insurance Program, serving as another example of why Texas has one of the highest …

The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announced this month it is introducing a new margin coverage option as a crop insurance endorsement for corn, cotton, grain sorghum, rice, soybeans and spring wheat in select states for …

The University of Michigan is under federal scrutiny after two Chinese scientists linked to the school were separately charged with smuggling biological materials into the United States. The Education Department on Tuesday opened an investigation into the university’s foreign funding, …

The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald …

Leaders at one of the largest national insurance defense firms believe they have identified the causes of nuclear verdicts—and developed a comprehensive litigation strategy that negates them. A new book about that strategy and the data behind it will be …

The European Central Bank’s next stress test will ask lenders to come up with hypothetical situations in which risks like trade disruptions or wars could hit their financial strength. The exam next year will “assess which firm-specific geopolitical risk scenarios …

Helvetia Holding AG and Baloise Holding AG hired strategy consultant McKinsey for advice on Europe’s biggest insurance deal this year, according to people familiar with the matter. McKinsey is set to earn tens of millions of Swiss francs from the …

Strategic partnerships between re/insurers and alternative investment managers, the use of offshore platforms, and a fourth consecutive record year of annuity sales led to continued reinsurance growth in the U.S. in 2024. Fitch Ratings expects the prevalence of offshore reinsurance …

NAPLES, Fla. (AP) — When an emergency happens in Collier County, Florida, the 911 calls go to one of the most high-tech communications centers in the U.S., where callers can send text and video from the scene to dispatchers. Moving …

A Massachusetts assisted-living center where nine residents died in a fire was cited for failing to immediately report more than two dozen health and safety incidents, according to regulators’ most recent review of the facility. Five men and four women …

A new Pennsylvania law intended to crack down on AI-powered fraud and financial crimes makes it a felony to use artificial intelligence to produce non-consensual “forged digital likenesses” like deepfakes or voice clones to injure, financially exploit, or scam people. …

A former Alabama police officer charged with murder for shooting an armed Black man in the man’s front yard during a dispute with a tow-truck driver shouldn’t be granted immunity before going to trial, the state’s attorney general says. In …

Construction mogul Jay Cashman says Boston Mayor Michelle Wu’s bike lane overhaul is such a disaster that he’s willing to spend as much as $1 million to force the city to redo them. Wu, who is seeking reelection this year, …

Global insurance and benefits broker NFP announced its acquisition of Levine Group, LLC, a financial services firm based in Brentwood, Tennessee. Levine Group has been serving Nashville and the surrounding area since 1963. The firm offers investment management, retirement plan …

Two people in New Jersey were killed after their vehicle was swept up in floodwaters during a storm that moved across the U.S. Northeast overnight, authorities said Tuesday. Gov. Phil Murphy, a Democrat, noted the deaths occurred in the northern …

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 workers about which weather conditions …

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 notifying …

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 …

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 …