More merger-and-acquisition activity and technology consolidation have given cyber hackers plenty of entry points to exploit, making third-party cyber risk a dominant driver of claims for Resilience in 2024. New research from the San Francisco-based cyber solutions company found 31% …

Westchester, Chubb’s excess and surplus lines company, said Alex Faynberg was appointed to executive vice president and head of pet insurer Health Paws, effective March 3. In his new role, Faynberg will have executive operating responsibility to expand the company’s …

California’s $21 billion wildfire fund may shield Edison International’s balance sheet if equipment owned by the company’s electric utility is found to have caused a deadly Los Angeles fire last month, Edison’s CEO said on Thursday. Southern California Edison, one …

A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further incidents, according to a preliminary investigation by regulators. Residents of …

The man who has been as much of a litigation nemesis to Florida property and casualty insurers as anyone is launching a new political party and may even run for governor next year. Orlando-based trial lawyer John Morgan, head of …

Reinsurers continued to provide ample casualty reinsurance capacity through the recent January 2025 renewal season – despite concerns about adverse reserve development — however, an availability crisis could be looming, AM Best cautions. In a new report, AM Best points …

MONTGOMERY, Ala. (AP) — Divisive legislation that would expand legal immunity for police officers who use excessive force or kill someone in the line of duty advanced in the Alabama legislature on Wednesday, sparking outcry among civil rights attorneys and …

Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, came to 94 cents …

Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing legal liabilities arising from contractual complexities. With immediate effect, Pen’s …

British drugmaker GSK will no longer set diversity targets, it said on Thursday, as it became the latest company to scale back or abandon such goals in response to the U.S. president’s opposition to them. President Donald Trump has issued …

The UK set out a raft of reforms designed to improve building safety, as it aims to clamp down on failures that contributed to the Grenfell Tower fire. The government is planning tougher rules on construction product safety, backed by …

A working paper from the U.S. Congressional Budget Office recently estimated the distribution of changes in gross domestic product in the year 2100 resulting from changes in temperature. And it could be bad, really bad—or hopefully not so bad, if …

While Western wildfires have dominated disaster news for decades, new analysis using artificial intelligence shows millions of homes across the country—even in the swampy Southeast—are at risk for wildfires. New data analysis from ZestyAI found that $2.15 trillion worth of …

Reforms in 2024 to Illinois’ Biometric Information Privacy Act may have slowed the frequency and severity of litigation, but there remain significant consequences for violation of the law. Insurance Journal was able to ask expert Jason M. Rosenthal of Chicago-based …

The Consumer Financial Protection Bureau dropped a slew of Biden-era lawsuits against lenders as the nominee to lead the agency pledged to “right size” the watchdog under President Trump. The CFPB dismissed cases against Capital One Financial Corp., a unit …

Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss of $20.2 million in its fourth quarter. On a per-share basis, the Tampa-based insurance agency and brokerage said it had …

Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed. With headquarters in Boston, Expert Insured also has …

HARTFORD, Conn. (AP) — Connecticut lawmakers passed emergency legislation this week prohibiting state agencies and municipalities from purchasing or using Chinese and Russian drones while also imposing restrictions on where drones can be operated in the state. The bill comes …

A Florida appeals court has re-affirmed a major state Supreme Court decision, helping to answer lingering questions about whether the 2022 bad-faith litigation reform law can be applied retroactively. The answer is “no,” Florida’s 1st District Court of Appeals said …

A carpet-cleaning claim and a fake theft of a Hyundai has led to guilty pleas for two people for insurance fraud in Washington. Seattle resident Jason Weisfeld of Federal Way, Washington, and Fedaa Shakir, both pleaded guilty to submitting false …