Insurance Journal RSS feed

East Jordan Plastics, Inc., a manufacturer of plastic horticultural containers, violated federal law when it subjected female production employees to sexual harassment before taking untimely remedial action, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit. According to …

AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of New Horizon Insurance Company based in Houston, Texas. The outlook of these Credit …

Marsh Japan has agreed to purchase Mitsubishi Electric Corp.’s in-house insurance agency, Mitsubishi Electric Insurance Service Co. Ltd., in a share transfer agreement that will be completed on Nov. 4. Financial details of the transaction were not disclosed. Since it …

World Insurance Associates LLC announced that it acquired the business of Lighthouse Insurance Agency of Madisonville, Louisiana on March 1, 2025. Terms of the transaction were not disclosed. Lighthouse Insurance Agency specializes in writing personal lines insurance, small and medium …

This edition of International People Moves details London-based appointments at the reinsurance broker Guy Carpenter and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Carpenter Taps RenRe’s Flynn as Head of Global Clients, Global …

DOXA, headquartered in Fort Wayne, Indiana, hired Sean Curry as executive vice president of its brokerage vertical. Curry guides DOXA’s expansion of its product expertise and rapid responsiveness in new markets with hard-to-place risks. Curry has nearly 20 years of …

The number of people killed in U.S road crashes was down 6.3% in the first three months of 2025, according to newly released data by the National Highway Traffic Safety Administration. Traffic fatalities totaled 8,055, the lowest quarterly rate in …

Florida may have had some of the highest property and auto insurance rates in the country in recent years, but so far this year, the largest auto insurers have filed for rate decreases averaging about 6%, regulators said. “We are …

Natural disasters across the globe cost insurers US$80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report. On the other hand, overall economic losses (which include insured …

Applied Underwriters said it has launched Innovation Risk, a new managing general agent (MGA) platform that will focus on casualty, accident, and life underwriting. The MGA, while firmly rooted in proven, traditional insurance fundamentals, will incorporate the enhanced approaches developed …

Two youths at a Miami sailing camp were killed and two others were hospitalized after a barge struck a sailboat Monday. The Associated Press, The Miami Herald and other news sites reported that one adult and five kids were pulled …

All three people aboard a small twin-engine plane that crashed into the Pacific Ocean off California’s central coast perished, law enforcement officials said. The Monterey County Sheriff’s Office confirmed late Sunday that the three occupants of the plane that went …

The Trump administration is set to announce its plans to abolish the US government’s authority to regulate greenhouse gases, threatening to strike a deep blow at Washington’s ability to fight climate change. The Environmental Protection Agency will unveil a proposal …

Second quarter 2025 net income at Cincinnati Financial Corp. was $685 million—more than double the $312 million in net income booked a year ago during the same time. “It was a solid quarter, showing the strength of our agent-centered strategy …

Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024. Aon said its Q2 revenue reflected 6% organic revenue growth (versus 5% in Q2 2024), along with the contribution from last …

Work was winding down at 345 Park Avenue on Monday when a man strode across the public plaza just outside the Midtown Manhattan tower with an assault rifle in his hand. Within minutes, at least four people were dead, as …

Hong Kong issued its highest rainstorm warning, effectively closing down the city, just over a week after a typhoon downed trees in the financial center. The local observatory hoisted the black rainstorm alert at 9:10 a.m. local time on Tuesday. …

India issued guidelines to protect solar power equipment from potential cyberattacks, responding to industry concerns that imported China-made parts may be putting the grid at risk. Suppliers of inverters — devices that turn direct current into electricity for homes and …

During a pivotal push by Ukraine to retake territory from Russia in late September 2022, Elon Musk gave an order that disrupted the counteroffensive and dented Kyiv’s trust in Starlink, the satellite internet service the billionaire provided early in the …

As data center construction booms across the United States, a pair of legal experts recently said the lack of commercial insurance products customized for data centers present potential pitfalls that could surface if operators aren’t paying close attention to policy …