Insurance Journal RSS feed

HUB International, one of the largest U.S. insurance brokerages, has inked a deal to offer insurance products to credit union members in the Carolinas and Georgia. Spero Financial Federal Credit Union, based in South Carolina, has launched Spero Insurance Services, …

Meta Platforms Inc. said one of its artificial intelligence models accessed the internet and hacked into an outside service’s systems during cybersecurity testing, following other recent incidents across the AI industry that have escalated concerns about companies’ control over their …

Two of central North Carolina’s oldest insurance agencies have agreed to merge, bringing more than 140 years of combined insurance experience to the table. Breeden Insurance Services, based in Lexington and Winston-Salem, and Citizens Insurance Group in Thomasville are now …

OpenAI is asking a federal judge to dismiss a lawsuit filed by Apple Inc. accusing the artificial intelligence company of stealing trade secrets, saying that the iPhone maker’s allegations are meritless. Lawyers for OpenAI said that Apple’s suit falsely portrays …

The Pac-12 and Mountain West conferences have finalized a settlement over “poaching” and exit fees. The two conferences announced on Tuesday that all sides have reached final agreements to settle all pending litigation. The statement included Boise State, Colorado State, …

Allstate Corp. second quarter 2026 net income applicable to common shareholders shot up nearly 56% with underwriting income up 56.7% during the period. Net income was about $3.2 billion for Q2 versus $about $2.1 billion for Q2. Underwriting income was …

A U.S. Bankruptcy Court will allow clergy abuse claimants to sue for an estimated half-billion dollars in parish assets to fund settlements under the Vermont Roman Catholic Diocese’s current financial reorganization case. In a written order, Burlington-based Judge Heather Cooper …

An insurance brokerage network built around artificial intelligence has completed its first acquisition, adding Heller-Kowitz Insurance Advisors as its inaugural partner agency after spending the past year developing and testing its operating model and gaining private equity backing. Atlanta’s American …

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance broker, announced the acquisition of Vancouver, British Columbia-based Apollo Insurance Solutions Ltd. Terms of the transaction were not disclosed. Apollo is a digital insurance broker and managing general agency (MGA) …

Everest Group Ltd., the Bermuda-based specialty re/insurer, announced it has entered into a definitive agreement to sell its Mexico insurance operations – Compañía de Seguros Generales Everest México – to Fairfax Financial Holdings Ltd. Financial details of the deal were …

Swiss Re AG’s first-half profit beat estimates as the reinsurer saw all key business units perform in line with targets, while the firm announced a fresh round of cost cuts. Profit for the second quarter was $1.3 billion, resulting in …

A Chinese-built digital spyware tool has evolved into a more all-encompassing surveillance technology that’s in use in more than 13 countries, according to new research from a security firm. The cybersecurity firm Arctic Wolf Networks Inc. said Wednesday that it …

Alphabet Inc.’s Google faces a class action lawsuit over alleged abuse of its dominance after an antitrust tribunal allowed a claim on behalf of hundreds of thousands of British firms to go ahead. The lawsuit alleged that Google overcharged businesses …

Brookfield Asset Management raised a record $77 billion in the second quarter, led mostly by its credit business, as the firm continues its push into the insurance sector. The firm’s distributable earnings climbed 15% to $707 million, or 44 cents …

Zurich Insurance Group AG reported a 13% gain in profit for the first half of 2026 and said it doesn’t expect to have any material exposure to the impact of extreme heat and ongoing wildfires. Group operating profit rose to …

A U.S. appeals court said on Wednesday that a New York City law requiring food delivery companies to share customers’ data with restaurants is unconstitutional. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said the …

Wildfires have again become a major headline as about 10% of the population of Spokane, Washington has been ordered to leave their homes, and hundreds of structures have been destroyed. As of Aug. 5, according to the National Interagency Fire …

The US is enduring one of its worst wildfire seasons in years, with blazes scorching millions of acres. It’s part of a global pattern of hot, dry conditions that favor fires becoming more common with climate change. Fires that erupted …

Eight of the world’s largest shipping industry associations urged the United Nations and International Maritime Organization to oppose any compulsory tolls or transit charges in the Strait of Hormuz, warning that such a move could set a precedent for similar …

Four years after Florida lawmakers ordered condominium buildings to be inspected regularly in the wake of the deadly Surfside collapse, a state report shows that more than 8,700 buildings have now been inspected. About 900 of those properties sought building …