Insurance Journal

JUNE 19, 2025

’s insurance unit has pulled back from investments in private credit as surging demand from rival bidders pushes yields down. Brookfield Corp.’s Brookfield Wealth Solutions started to reduce its allocation to private credit six months ago, and is almost no longer …

Insurance 87

Insurance 87

Insurance Journal

JUNE 16, 2025

With flight cancellations, delays and other disruptions on the rise, leisure travelers are being increasingly discerning over the level and type of insurance they buy and businesses are turning to specialist advisory services to limit risk. Since 2019, travel disruptions …

Insurance 95

Insurance 95

Insurance Journal

JUNE 19, 2025

The cost of insurance for ships sailing in the Persian Gulf jumped as attacks between Iran and Israel raised risks for vessels in the area. Underwriters are now charging 0.2% of the value of a ship for calls into the …

Insurance 97

Insurance 97

Insurance Journal

MAY 23, 2025

Owners of dangerous dogs in Florida will soon have to secure at least $100,000 in liability insurance coverage after the governor signed House Bill 593 into law this week. Also known as the Pam Rock Act after a mail carrier …

Insurance 104

Insurance 104

Insurance Journal

JUNE 11, 2025

Philadelphia Insurance Co. This outage has knocked out the insurer’s phone and email systems, as well as customer access to online applications. is currently experiencing a network outage that is affecting its systems. “We are working to resolve this issue …

Insurance 86

Insurance 86

Insurance Journal

JUNE 19, 2025

Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …

Insurance 104

Insurance 104

Insurance Journal

JUNE 4, 2025

Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilty to falsification …

Pleadings 101

Pleadings Insurance 101

Insurance Journal

JUNE 17, 2025

Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage. That statement would appear to contradict claims in two …

Evidence 103

Evidence Insurance 103

Insurance Journal

JUNE 11, 2025

sued a group of lawyers, medical providers and rideshare drivers it claims staged car accidents, manufactured damages and received unnecessary medical procedures to take advantage of insurance policies in Florida, costing the rideshare giant “several million dollars” … Uber Technologies Inc.

Insurance 108

Insurance Manufacturing Technology 108

Insurance Journal

MAY 29, 2025

After eight years of losses, Florida’s personal property insurance market reported an underwriting profit and a considerable jump in operating income in 2024, the AM Best rating and analytics firm said in a report this week. The firm examined 45 …

Insurance 98

Insurance Litigation 98

Insurance Journal

JUNE 16, 2025

Artemis Insurance, the parent brand of Texan Insurance, Ozark Insurance, and Marek Insurance, announced the acquisition of Baton Rouge-based Tyner Jeter Insurance. Formerly part of McInnis Tyner Agency since 1972, the team launched Tyner Jeter Insurance in August 2012. Earlier …

Insurance 86

Insurance 86

Insurance Journal

MAY 16, 2025

Insurance agency Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, announced its acquisition of Tobey & Merrill Insurance in Hampton. While the agency will operate under Davis & Towle’s ownership, it will keep the Tobey & Merrill name …

Insurance 104

Insurance 104

Insurance Journal

JUNE 3, 2025

Massachusetts is eliminating a series of insurance and other business regulations with a goal of making it easier and less costly to conduct business in the state. According to Gov. Maura Healey, her administration’s “Massachusetts Means Business” initiative is axing …

Insurance 92

Insurance 92

Insurance Journal

MARCH 5, 2025

Florida legislative leaders, facing increasing pressure from the public and the press, this week pledged to investigate property insurers’ financial structures. And bills filed before the 2025 Legislature began this week also would require executive pay disclosure by carriers, along …

Insurance 104

Insurance 104

Insurance Journal

JUNE 17, 2025

California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola Cobarrubias, CEO …

Insurance 94

Insurance 94

Insurance Journal

MARCH 19, 2025

Concerns about Florida-based insurance carriers masking profits with the help of affiliated companies has spilled across the border into Georgia, with one state senator calling for an investigation. Nabilah Islam Parkes, D-Duluth, this week sent a letter to Georgia …

Insurance 104

Insurance 104

Insurance Journal

MAY 2, 2025

Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …

Insurance 92

Insurance 92

Insurance Journal

FEBRUARY 5, 2025

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

Insurance 92

Insurance 92

Insurance Journal

JUNE 12, 2025

For decades, Taiwan’s life insurance companies boasted of above-average returns from their heavy investment in US bonds. Unlike insurers in other countries like Japan where diversification … That reliance is now a major risk threatening more than $700 billion of assets.

Insurance 84

Insurance 84

Insurance Journal

JUNE 5, 2025

Longtime Alabama insurance agent and former congressional candidate Ken McFeeters announced he is running for governor of Alabama next year, casting himself as a political outsider and accusing his opponent U.S. Tommy Tuberville of being a “part of the …

Insurance 78

Insurance 78

Insurance Journal

JUNE 2, 2025

Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge to force insurers to pay him more than $400 million for five paintings he says were damaged in the blaze.

Insurance 91

Insurance Litigation 91

Insurance Journal

JUNE 9, 2025

The Texas Department of Insurance (TDI) said it has issued a data call to Insurance companies writing personal automobile and residential property policies to gather information for the HelpInsure.com website. TDI said in a commissioner’s bulletin that HelpInsure is a …

Insurance 97

Insurance 97

Insurance Journal

FEBRUARY 4, 2025

The growing adoption of data-driven underwriting and predictive analytics has given delegated underwriting authority enterprises (DUAEs) a competitive advantage within the insurance industry, with technology serving as a cornerstone for many of these operations. An AM Best survey of its …

Insurance 108

Insurance Technology 108

Insurance Journal

APRIL 28, 2025

After receiving multiple inquiries about the use of aerial images in property insurance nonrenewals, West Virginia’s insurance commissioner has posted guidelines for insurers’ use of the technology. In a bulletin this month, Commissioner Allan McVey reminded insurance companies that aerial …

Insurance 94

Insurance Technology 94

Insurance Journal

JUNE 19, 2025

Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an insurer uses aerial imagery as a basis for …

Insurance 97

Insurance 97

Insurance Journal

MAY 28, 2025

A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market and prompting a rethink on premiums. As artificial intelligence makes attacks more …

Insurance 87

Insurance 87

Insurance Journal

JUNE 17, 2025

homeowners insurance rates rose 40.4% LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, … over the past six years, with the biggest increases hitting in the last two years, a new report shows.

Insurance 109

Insurance 109

Insurance Journal

JUNE 20, 2025

Aflac on Friday disclosed a cybersecurity incident in which personal information of its customers may have been compromised, making it the latest insurance provider to be targeted. The health and life insurance firm said the attack on its U.S. network, …

Insurance 70

Insurance 70

Insurance Journal

JUNE 9, 2025

Pennsylvania-based Erie Insurance on Sunday reported it is experiencing a “network outage that is affecting all systems.” ” Customers are unable to access online accounts or reach customer care or first notice of loss via phone, according to a statement on …

Insurance 89

Insurance 89

Insurance Journal

JUNE 19, 2025

Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must approach …

Insurance 80

Insurance Litigation 80

Insurance Journal

MARCH 20, 2025

The Doctors Company, the Napa, California-based, physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash …

Insurance 102

Insurance 102

Insurance Journal

JUNE 12, 2025

[no_auto_dropcap]“It’s Now a Buyer’s Market for Auto Insurance, J.D. Auto Insurance Study this week summed up a key takeaway of the customer … Power Finds.” ” That headline on top of an announcement about the release of the J.D. Power 2025 U.S.

Insurance 99

Insurance 99

Insurance Journal

JUNE 18, 2025

A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweeping tax bill, “One Big Beautiful Bill,” and …

Insurance 86

Insurance 86

Insurance Journal

JUNE 10, 2025

Pennsylvania-based Erie Insurance is still working to restore systems following a network outage that it revealed on Sunday. “A network outage impacting Erie systems continues. All available resources are working to restore access as soon as possible,” the company reported …

Insurance 104

Insurance 104

Insurance Journal

APRIL 18, 2025

is spending six figures on advertisements in New York in its latest appeal to lawmakers to address issues stemming from the insolvency of the city’s largest taxi insurer. Uber Technologies Inc. The rideshare giant launched the campaign on Tuesday as …

Insurance 90

Insurance Technology 90

Insurance Journal

JUNE 12, 2025

AM Best has downgraded the Financial Strength Rating (FSR) to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “a-” (Excellent) from “a+” (Excellent) of the Vermont and California members of Nonprofits Insurance Alliance Group.

Insurance 65

Insurance 65

Insurance Journal

JUNE 18, 2025

Inszone Insurance Services acquired Evers Insurance LLC in Cave Creek, Arizona. Evers Insurance specializes in commercial insurance, particularly in the garage and auto dealer industries. It was founded in 2011 by Britt Evers. Jake Evers also contributed to the firm’s …

Insurance 57

Insurance 57