Insurance Journal RSS feed

Across the South and the United States, homeowners’ insurance rates are rising, with some states seeing an increase of over 50%. Experts say that this issue is contributing to an ongoing housing crisis. While insurance companies have attempted to explain …

The South Carolina Workers’ Compensation Commission had no legal right to hold on to – for more than 15 years – some $1.8 million set aside by a bankrupt textile manufacturer for injury claims that never materialized, the state Court …

The state of Connecticut has paid $2.25 million to settle a wrongful death lawsuit brought by the husband of Joyce Grayson, the 63-year-old visiting nurse and mother of six who was killed by a registered sex offender in a halfway …

The McGowan Companies acquired Limit, a digital wholesale insurance brokerage headquartered in Covina, California, via an asset purchase agreement. After the transaction is closed, Limit will continue to operate under the “Limit” brand, within The McGowan Companies envelope, led by …

Utility Xcel Energy Inc. agreed to pay about $640 million to resolve claims that its power lines contributed to the 2021 ignition of the costliest wildfire in Colorado history. The company said in a filing Tuesday that it reached settlements …

Edison International expects to begin accepting applications “well before” Thanksgiving to compensate victims of the deadly Eaton Fire that destroyed swaths of the Los Angeles area in January, according to CEO Pedro Pizarro. That puts the utility company’s wildfire recovery …

Cyberattacks cost companies in continental Europe’s four largest economies – France, Germany, Italy, and Spain – more than €300 billion (US$405.5 billion) in the past five years, according to a Howden survey. Nearly half (49%) of companies surveyed reported at …

The Justice Department announced it has reached a settlement with the Kansas City Kansas Community College (KCKCC) to enforce the rights guaranteed to Kansas Army National Guard Major Stephen W. Terry by the Uniformed Services Employment and Reemployment Rights Act …

Ryan Specialty has announced the formation of Clach Casualty Underwriting Managers, a new managing general underwriter focused on providing casualty insurance solutions for complex construction and habitational real estate risks. Clach Casualty is a part of Ryan Specialty Underwriting Managers …

The P/C insurance industry stands at a critical inflection point. Customer expectations, reshaped by their seamless digital experiences with companies like Amazon and Apple, are pushing insurers to transform quickly. With claims now a decisive factor in customer satisfaction, companies …

Camp Mystic, the Christian girls’ camp where 25 young campers and two counselors died during the July 4 flooding, will reopen one of its campsites in 2026, according to an email shared with families. Camp Mystic officials said in the …

As cyber security threats continue to evolve, more businesses are trusting insurers to offer guidance on proactive protection and prevention. In fact, 86% of business leaders are confident in the cybersecurity guidance from insurance carriers—a higher rate than their confidence …

King Risk Partners has expanded again in the Southeast with the acquisition of LH Griffith & Co., an agency with offices in Walterboro and Goose Creek, in southeast South Carolina. Griffith agency was founded 25 years ago. Heath Griffith is …

Every day, LaRanda Schoolcraft drives five minutes down the hill from her Terra Alta home to visit the family member she calls her “person.” “My grandpa has dementia now and doesn’t always make sense,” she said. “But I see the …

California Attorney General Rob Bonta said he was “encouraged” by a recent talk with OpenAI Chief Executive Officer Sam Altman and actions the company has taken in the wake of a lawsuit alleging ChatGPT guided a teenager to suicide. In …

Amynta Group announced it has entered into a definitive agreement to acquire Global Surety, LLC, International Sureties Limited and International Sureties SARL (collectively, “International Sureties”), a commercial surety broker based in New Orleans, Louisiana. The transaction is subject to regulatory …

Hub International Ltd., the Chicago-based insurance broker, announced the launch of HUB Livestock Insurance in Canada, a scalable product with multiple specialized sub-programs, including equine, poultry and egg, dairy and cattle offerings, with others in development. HUB Livestock Insurance is …

Danish offshore wind developer Orsted can restart work on the nearly finished Revolution Wind project off the coast of Rhode Island, a federal judge ruled on Monday, after President Donald Trump’s administration halted the project last month. The ruling is …

A federal appeals court says a Vermont Christian school can participate in the state’s sports league, overturning a previous ruling that upheld a ban on the school after it forfeited a high school girls basketball game against a team with …

Autonomous trucking startup Gatik AI Inc. plans to operate 50 self-driving freight trucks in Canada by the end of next year, pushing toward driverless shipping with plans to remove the safety driver within months of deployment on public roads. Privately-held …