Insurance Journal RSS feed

Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative …

Hub International Limited (HUB), headquartered in Chicago, Illinois, appointed Paul Collins as Northeast area president, effective July 1. In this expanded role, Collins will continue to lead HUB Northeast while also assuming responsibility for HUB New England. Collins has been …

Traffic through the Strait of Hormuz appeared to thin early on Friday, just a day after a burst of oil flows through the waterway as the US and Iran vowed to lift a dual blockade. No tankers were seen moving …

The US and Iran have postponed the start of their negotiations over a permanent peace deal and restricting the Islamic Republic’s nuclear program.It’s uncertain why the talks, meant to be held in Switzerland on Friday, have been delayed, though Israel …

Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin. The concept of data center satellites — designed …

There’s an increasingly narrow strip of New Orleans marshland that hardly anyone lives on, but without it, hundreds of thousands of people will face far greater risks from storms and floods. The area, commonly called the New Orleans Land Bridge, …

The Texas State Fire Marshal’s Office (SFMO) said it is investigating a residential fire in Odessa that resulted in the death of one firefighter and injured six others. Firefighters from Odessa Fire Rescue and West Odessa Volunteer Fire Department were …

A Michigan Senate Committee this week advanced a bill that would mandate auto insurance premium reductions of at least 10% without reduced benefits, Sen. Jeff Irwin (D-Ann Arbor) authored SB 328, which he says will lower car insurance premiums for …

Donegal Insurance Group, headquartered in Marietta, Pennsylvania, and its member company, Michigan Insurance Company, promoted Rob Faber to regional vice president of the group’s Greater Midwest region. Faber succeeds Melissa Veenstra, who will retire on July 2. Faber joined the …

HDI Global US Appoints Salmon as Head of Cyber Underwriting Corporate and specialty insurer HDI Global (HDI), headquartered in Chicago, Illinois, appointed Jill Salmon as head of cyber underwriting at HDI Global U.S. Salmon will play a key part in …

President Donald Trump this week credited his tough immigration policies for a drop in car insurance premiums, falsely blaming illegal immigration during his predecessor’s time in the White House for a prior increase. In a Monday post on Truth Social, …

The flood insurance gap in the United States is big and it’s not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to increasing rainfall amounts, stronger storm …

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 …

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 …

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 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 …

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 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 …

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 …

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 …