IMA Latest to Sue Howden Over Alleged Employee Poaching
Howden is being sued again, this time by IMA Financial Group. IMA said in a federal lawsuit filed in U.S. District Court in Oregon that its former employer, Alexander Hamilton, allegedly conspired with Howden US to “orchestrate the coordinated resignation …
Dali Engineer Reaches Deferred Prosecution Deal Over 2024 Key Bridge Collapse
The chief engineer of the cargo ship Dali that destroyed Baltimore’s Francis Scott Key Bridge in a March 2024 collision that killed six construction workers reached a deferred prosecution agreement, the government said on Thursday. The Justice Department said Karthikeyan …
People Moves: ZestyAI Names Friend CFO and Ross SVP; Alliant Names Ackerman VP
ZestyAI Names Friend CFO and Ross SVP, Client Development ZestyAI appointed David Friend as chief financial officer and John Ross as senior vice president of client development. Both executives have decades of experience in insurance and enterprise technology. Friend has …
Meta Lobbies Congress for Protection From Child-Harm Lawsuits: Reuters
Meta Platforms has lobbied the U.S. Congress for legal immunity from child-harm claims tied to social media products such as Instagram, as it faces thousands of lawsuits from young users and their families, according to a source familiar with the …
Conn. Extends Uninsured Motorist Coverage to State’s Transportation Workers
Governor Ned Lamont has signed a memorandum of understanding with the state employee union requiring the state to extend uninsured and underinsured motorist coverage to Connecticut Department of Transportation (CTDOT) employees who maintain roads and highways. The agreement with the …
Inszone Acquires Webtec Insurance Services in Colorado
Inszone Insurance Services acquired Webtec Insurance Services Inc. Webtec is a specialized insurance agency primarily focused on auto and homeowners insurance. Originally based in California, which remains the bulk of its business, the agency later relocated its home base to …
Mangione Drops Psychiatric Defense Bid for New York Murder Case
Luigi Mangione, the man accused of gunning down a health insurance executive on a Manhattan sidewalk, is for now withdrawing plans to introduce evidence at trial that he was undergoing an extreme mental health crisis at the time of the …
Zurich Sees Data Center Boom Spurring Insurance Securitization
The level of investment into data centers globally may soon make it necessary for insurers involved to begin selling securitization products to spread the risk among a broader pool of investors, according to Zurich Insurance Group AG. “I do anticipate …
People Moves: Sunstar Names Hearst as EVP, National Growth and Sales Strategy
Sunstar Insurance Group announced the appointment of Brad Hearst as executive vice president, national growth and sales strategy. Hearst brings extensive insurance-industry leadership experience in driving organic growth, developing high-performing sales organizations and building disciplined sales processes that deliver measurable …
Wastewater Leak Under Texas Church Parking Lot Causes Millions in Damage
An old oil well sprang back to life under the parking lot of the First Baptist Church of Grandfalls in April. Over the next eight days, more than 1.5 million gallons of toxic wastewater flowed out of the earth, according …
Major Hack Campaign Against Fortinet Devices Hits Prominent Organizations
Researchers say a sweeping hacking campaign targeting devices made by Fortinet has led to compromises across the internet, with evidence of password theft at Fortune 500 companies and government agencies in more than 15 countries. Most of the affected devices …
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows
California homeowners pay 41% below the national average for homeowners insurance, a study from LendingTree shows. LendingTree’s State of Home Insurance: 2026 report, which is based on rates publicly sourced from insurer filings, shows California homeowners paid an average of …
People Moves: Fortegra, Alabama DOI Put New Faces in Key Roles
Fortegra Group, the Jacksonville-based parent company of specialty insurers, named Anthony Katz, a longtime actuary, as senior vice president for reserving. Katz will lead Fortegra’s team of actuaries, overseeing reserving, credit insurance, statistical reporting and compliance with the new IFRS …
World Insurance Adds Wolpert Agency of Massachusetts
Global insurance broker World Insurance Associates reported that it recently bought the business of Wolpert Insurance Agency of Worcester, Massachusetts. Terms of the October 1, 2025 transaction were not disclosed. Wolpert was established in 1956. It is known for its …
First Tankers Cross Strait Under Iran Deal; Israeli Strikes Raise Doubt in Lebanon
Three Saudi-flagged supertankers carrying 6 million barrels of crude sailed through the Strait of Hormuz on Thursday, hours after U.S. President Donald Trump signed a deal with Iran to end the war that has disrupted global energy supplies. But in …
RSUI CEO McCrorie to Retire in 2027; Whittington to Become CEO
Specialty insurer RSUI announced that Chairman and Chief Executive Officer Phillip McCrorie will step down as CEO at year-end 2026, concluding a career spanning nearly 40 years in the insurance industry. He will remain RSUI’s executive chairman through the first …
Waymo Recalls Thousands of Robotaxis Over Risk of Entering Construction Zones
Alphabet self-driving unit Waymo is recalling nearly 3,900 robotaxis in the U.S. because a software issue could cause the vehicles to enter a closed freeway construction zone and continue driving. It is the second recall by Waymo in just over …
Zurich’s Planned £8.1B Acquisition of Beazley Gets Regulatory Nod in Australia
Zurich Insurance Group’s proposed £8.1 billion (US$10.8 billion) acquisition of Lloyd’s insurer Beazley plc has received approval from Australia’s regulatory watchdog. The Australian Competition and Consumer Commission (ACCC) announced on June 17 that the acquisition “may be put into effect” …
Accused Insurer CEO Killer Mangione Could Face Hurdles With Mental Health Defense
Luigi Mangione, the man accused of assassinating a health insurance executive in a carefully executed plot, could have a hard time convincing jurors at his murder trial that he suffered a mental health breakdown, legal experts said. Mangione is accused …
Bulgarian Surveillance Firm Circles Sold Phone Spy Tools to Repressive States: Report
A Bulgaria-based company sold controversial surveillance technology to governments in countries with records of repression, enabling authorities to track mobile phones and eavesdrop on private communications, according to documents obtained by Human Rights Watch. The surveillance firm Circles offered tools …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Subscribe to Insurance Journal feed



