State Farm Files for Auto Rate Decrease, Homeowners Rate Increase in Louisiana
More than one million State Fam auto insurance policyholders in Louisiana should see a decrease in premiums in 2026, as Insurance Commissioner Tim Temple approved the carrier’s request for a 5.9% average rate decrease. State Farm is the largest personal …
South Carolina’s Abandoned Nuclear Plants Could be Revived as Firm Offers $2.7B
South Carolina’s stalled nuclear power project could finally finish construction as a private company has offered to pay $2.7 billion to the state-owned utility and a small share of the power if they can reach an agreement to get the …
Climate Change Is Straining Alaska’s Arctic, But A Mining Road May Push It Past The Brink
Ice blocks drift past Tristen Pattee’s boat as he scans the banks of Northwest Alaska’s Kobuk River for caribou. His great uncle Ernest steadies a rifle on his lap. It’s the last day of September, and by every measure of …
Connecticut Builder Charged With Being Workers’ Compensation Scofflaw
The owner of a Connecticut construction firm has been arrested and charged with failing to provide the required workers’ compensation insurance coverage for employees as required by law. According to the state’s Division of Criminal Justice, Lou Milardo, , the …
Trump Signs Order Seeking to Limit State-Level AI Regulation
President Donald Trump signed an order aimed at thwarting state-level regulation of artificial intelligence through lawsuits and funding cuts, handing a win to tech industry leaders who’ve pressed for preemption of local rules. Trump said the measure was necessary to …
What to Expect in 2026: US P/C Results More Like 2024
With premium growth slowing to around 3% or 4%, and hurricane activity likely returning to normal levels, analysts at Fitch Ratings foresee 2026 underwriting results for property/casualty insurers lining up with results for 2024. Tana Marcom and Chris Grimes, both …
Viewpoint: Legal Finance and Insurance – From Confusion to Collaboration
We knew we were important to the insurance industry—but we didn’t understand why. Legal finance has become a lightning rod in insurance industry conversations about social inflation and claims costs, yet the substance of what we do remains widely misunderstood. …
Apollo Sees Echoes of Collapse of SVB in US Insurance’s Shift to Caymans
Apollo Global Management Inc. compared the potential risks of some US insurers moving to the Cayman Islands with the swift collapse of Silicon Valley Bank, which triggered a crisis among regional lenders. The British overseas territory is the “home of …
People Moves: DUAL Europe Names Berhault and Benajiba to Lead Europe Transactional Liability; AXIS Taps LSM’s Edwards as Head of Delegated Strategy, Global Mkts
This edition of International People Moves details appointments at the MGA DUAL Europe and AXIS Capital Holdings. A summary of these new hires follows here. DUAL Europe Names Berhault and Benajiba to Lead Europe Transactional Liability DUAL Europe, the managing …
Reddit Sues Australia Over Social Media Ban, Citing Free Speech Threat
Message board website Reddit on Friday filed a lawsuit in Australia’s highest court seeking to overturn the country’s social media ban for children, calling it an intrusion on free political discourse and setting the stage for a protracted legal battle. …
Lapses Gave Louvre Thieves Crucial 30-Second Advantage Against Police, Inquiry Finds
The burglars who robbed Paris’s Louvre museum benefited from 30 seconds of security lapses that helped ensure their getaway with France’s still-missing crown jewels, an inquiry from France’s culture ministry into the spectacular heist showed on Wednesday. Four burglars made …
Floods, Falling Rocks Force Closure of Major Highways to Vancouver
Most major Canadian highways to the Pacific port city of Vancouver have been shut due to floods, falling rocks and the risk of avalanches, local authorities said on Thursday. “This situation is evolving and very dynamic,” said the transport ministry …
US Preparing to Seize More Tankers off Venezuela’s Coast After First Ship, Sources Say
The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday. The seizure was …
Climate Change Supercharged Deadly Asia Floods, Study Finds
Climate change supercharged devastating floods that killed more than 1,600 people across parts of South and Southeast Asia, according to new research. A trio of tropical cyclones battered the region from Sri Lanka to Indonesia in November, causing at least …
Applied Underwriters Golf Invitational Nets Record-Breaking $15.2 Million for Charities
The Applied Underwriters Invitational said its annual golf competition raised a record-breaking $15.2 million for charities across the nation. The record exceeds last year’s $14 million, and boosts Applied Invitational’s 38-year total to over $316 million in charitable contributions. There …
Big ‘I’ CEO Symington Named Among Top Lobbyists for 2025
The Hill, a prominent Washington, D.C.-based political newspaper, named Charles Symington, president and CEO of the Independent Insurance Agents & Brokers of America (Big “I”), among the top trade association lobbyists in the nation’s capital this year. The Big “I” …
Suit Against OpenAI and Microsoft Blames ChatGPT for Murder-Suicide
OpenAI and its investor Microsoft Corp. were sued over a Connecticut murder-suicide in the latest case to blame the popular ChatGPT chatbot for dangerous psychological manipulation of users. The lawsuit turns on the actions of a 56-year-old man who lived …
Probe Finds Officers Violated Policies in Pursuit That Killed Recruit
An internal affairs investigation into the actions of Rutland, Vermont police in a motor-vehicle pursuit that resulted in the death of a young officer was “preventable” if police had followed proper procedures, recent court documents show. A Salisbury man driving …
People Moves: Penn National Insurance Announces Leadership Changes for 2026
Penn National Insurance, headquartered in Harrisburg, Pennsylvania, is making changes to its leadership team effective in early 2026. After over 30 years with the company, including more than five as president and CEO, Robert Brandon will transition to CEO on …
Toxic Water From Texas Oil Production Is Set to Be Treated and Pumped Into Rivers
Texas is about to deploy a potential solution to the oil industry’s toxic wastewater problem — but it’s a move that carries environmental risks of its own. State regulators are working to issue permits that would let four companies, including …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Suscribirse a Fuente de noticias Insurance Journal