Denmark Data Breach Exposes 8.8 Million People’s Personal Data
Denmark suffered a major data breach that gave unauthorized individuals access to names, addresses and personal identification numbers belonging to about 8.8 million people registered in the country’s central population database. The breach occurred after unidentified individuals misused a private …
War, Cyber Attack May Spark Next Financial Crisis: Reserve Bank of India
The next financial crisis could originate from a source outside the world of finance, Reserve Bank of India Governor Sanjay Malhotra said Saturday. “It may begin with a geopolitical event, or cyber attack or a technological failure that affects the …
Markets/Coverages: Specialty MGA Banyan Launches Red Fox Risk for Wildfires
Specialty managing general agent Banyan Risk said it launched Red Fox Risk Ltd, a new underwriting venture focused on wildfire-exposed property risk in the U.S. The business will be led by Brian Espie as CEO and Sarah Kennedy, chief underwriting …
Google Faces $3.2 Billion Damage Claims on Ad-Tech Monopoly
USA Today Co., Daily Mail General and Trust Plc and a class of large publishers can seek more than $3.2 billion in damages for harm caused by monopolization of advertising technology markets by Alphabet Inc.’s Google, a New York federal …
AM Best Revises Outlook to Positive for Minnesota’s RAM Mutual Insurance
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of RAM Mutual Insurance Company (RAM) based in Esko, Minnesota. The Credit …
Union Pacific Railroad Fined $304K for Firing Employee During Severe Weather
A U.S. Department of Labor Occupational Safety and Health Administration whistleblower investigation has concluded that Union Pacific Railroad Co. violated the Federal Railroad Safety Act by removing from service and later terminating a North Little Rock, Arkansas yardman who notified …
Search Continues for 6-Person Air Ambulance Missing Over Atlantic En Route to Boston
Searchers found a “debris field” off the coast of Nantucket, Massachusetts, from an air ambulance that was carrying six people when it vanished over the Atlantic on Saturday during a flight from Bermuda to Boston, the U.S. Coast Guard said. …
Marsh Completes Acquisition of Iowa’s Accel Holdings
Marsh has completed its previously announced agreement to acquire Accel Holdings, a diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Accel will operate within Marsh Agency. Terms of the acquisition were not disclosed. With the acquisition now closed, …
People Moves: Texas Mutual Names Grube as VP of Austin Operations
Texas Mutual Insurance Company recently promoted John Grube to vice president of regional operations for Texas Mutual’s Austin region, effective May 2026. In this new role, Grube will direct and coordinate all regional office operations, including underwriting, claims, safety services, …
Trump Names Intelligence Chief Clayton as AI Czar, to Head Task Force
US President Donald Trump said on Sunday he had named Director of National Intelligence Jay Clayton the administration’s AI czar, tasking him with coordinating the federal government’s efforts to maintain US leadership in the technology. Trump, who has pushed to …
Hackers Breached Propulsion System of US-Bound Oil Tanker
FBI and US Coast Guard investigators have found evidence that hackers accessed the propulsion system of an oil supertanker as it was approaching the Texas coast this summer, according to US officials familiar with the matter, an extraordinary breach that …
Sedgwick: Property Claims Face Delays, Are Growing More Complex
Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, according to a new report that also shows claims costs are under pressure. Several factors are putting …
Prime London Homes Are Increasingly on Frontlines of Extreme Weather
More than a decade into a downturn caused by tax hikes, economic and political shocks, London’s high-end housing market has a new villain to contend with — intractable heat and flood risks. The assessment comes from Prime Purchase, the branch …
Gronkowski Now Pitchman for eMaxx, a Reciprocal With a Different Playbook
Rob Gronkowski, the star former pro football player and pitchman for USAA insurance, will now call audibles for eMaxx Assurance Group, a Tampa-headquartered provider of a new type of risk-managed, captive-based commercial insurance. “The Gronkowski and the McCarthy families have …
Justice Department Finds Racial Discrimination in UCLA Law Admissions
A U.S. Department of Justice investigation found UCLA School of Law discriminated against white and Asian applicants in admissions for its 2023, 2024 and 2025 incoming classes. The department’s Civil Rights Division said the admissions practices violated Title VI of …
PG&E Files 10-Year Plan to Underground 5,000 Miles of Power Lines in California
PG&E filed a 10-year Electrical Undergrounding Plan with the California Office of Energy Infrastructure Safety, to improve grid safety and reliability in high-wildfire-risk areas across northern and central California. Separately, PG&E Corp. said in early September that it plans to …
Mutual of Enumclaw in Pacific Northwest Unveils New Brand
Mutual of Enumclaw launched a new brand designed to strengthen the company’s market position and support long-term growth. The company said the new brand builds on Mutual of Enumclaw’s 128-year history while more defining it as a strong, modern regional …
Houston and Dallas Face Risk of Floods as Storms Sweep Texas
Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 …
Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise …
Florida Insurance Agent Pleads Guilty in $300,000 Premium Finance Scheme
A Florida insurance agent faces years in prison after he pleaded guilty to fraudulently arranging more than $300,000 in premium financing for fake companies, then diverting much of the money to his personal use. Daniel Raney, 41, who managed Raney …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Suscribirse a Fuente de noticias Insurance Journal