Insurance Journal RSS feed

California regulators apologized to SpaceX CEO Elon Musk this week as they settled a lawsuit that claimed a state agency showed political bias against the rocket company and its chief executive. As part of the settlement, the California Coastal Commission …

Insurtech car insurance provider Root said it has started a 24-hour agent appointment program to allow independent insurance agents to complete onboarding and begin selling policies in as little as one day. Root Insurance said traditional insurance carrier onboarding often …

First quarter 2026 underwriting income in American International Group’s (AIG) General Insurance segment increased nearly 220% compared with the prior year, to $774 million. Financial results for the first three months of the year included catastrophe losses of $180 million, …

Marsh Appoints Silberberg Energy & Power Infrastructure Leader, Marsh Risk, US & Canada Marsh appointed Joanne Silberberg to the newly created role of energy and power infrastructure leader, Marsh Risk, U.S. and Canada. Silberberg will work closely with Marsh’s energy …

Marsh McLennan Agency (MMA) announced that it has reached an agreement to acquire TriBridge Partners, an independent benefits broker and retirement and wealth advisor headquartered in Columbia, Maryland. Terms of the acquisition were not disclosed. TriBridge Partners was founded in …

U.S. District Judge Henry E. Autrey this week sentenced former St. Louis Alderman Brandon Bosley to 16 months in prison for insurance fraud and lying to the FBI. Bosley will be on supervised release for three years after his release …

Two young people have been arrested in an alleged plot to attack a Texas synagogue that involved driving through the congregation to “kill as many Jews as possible,” according to authorities and court documents. The arrests come a month after …

This edition of International People Moves details appointments at Apollo and The Fidelis Partnership. Apollo Launches Int’l Casualty Reinsurance Business, Led by Berkley Re’s Mackenzie Apollo, the London-based subsidiary of Skyward Group, announced the launch of an international casualty reinsurance …

The Department of Justice announced a proposed settlement with Cleveland-Cliffs Steel Corporation (Cliffs) requiring it to address releases of hazardous waste at its Middletown Works facility. Under the proposed consent decree, Cliffs will perform long-term corrective measures to comply with …

Insurance broker Lockton announced it has secured a reinsurance license in the Kingdom of Saudi Arabia, which marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to …

Insurtech Hippo reversed a first quarter net loss of $47.7 million last year and posted net income of about $7.1 million for the first three months of 2026. Results a year ago included total catastrophe losses of $53.4 million, of …

Iran said on Thursday it would respond with “long and painful strikes” on U.S. positions if Washington renewed attacks and restated its claim to the Strait of Hormuz, complicating U.S. plans for a coalition to reopen the waterway. Two months …

Alliant Insurance Services, headquartered in Irvine, California, added Matthew Friedson to its employee benefits group as first vice president. Based in Bethesda, Maryland, he will work with clients throughout the Northeast to tailor executive benefits and financial strategies for their …

Brown & Brown acknowledges that the cost of the Howden-driven talent war has risen to $31 million in annual revenue. “At the end of March, the startup [Howden] has taken customers representing approximately $31 million of annual revenue as compared …

The Texas Medical Board is proposing tighter regulations around ketamine, a popular fast-acting sedative used to treat mental illness, including more physician oversight during administration of the drug and banning in-home use of it. The revised rules are expected to …

Officials battling two large wildfires that have destroyed dozens of homes in southern Georgia warned Tuesday that firefighters are bracing for a prolonged battle even after weekend rains gave a big boost to containment efforts. “A little bit of rain …

Quick-thinking middle school students in Mississippi kept their school bus from crashing after their driver passed out while on a four-lane highway. The bus had just left Hancock Middle School in Hancock County last week with about 40 children on …

Gasoline in California has topped $6 a gallon as the global energy crunch from the Iran war reverberates. The average statewide price for regular gasoline rose to $6.01, according to data from the American Automobile Association. That’s the highest since …

Insurers are seeing gains from artificial intelligence, but many are also exposing themselves to unnecessary risks, according to a new Grant Thornton report. The independent CPA firm’s 2026 AI Impact Survey Report found that 44% of insurance executives say governance …

Willis, a WTW business, has launched Merger Protect, a specialty insurance solution to help organizations manage the financial impact of U.S. antitrust regulatory review in mergers and acquisitions transactions. Merger Protect forms part of Willis’ broader transactional risk offering, designed …