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News Archives - Insurance Journal
Rockford Mutual Launches Commercial Insurance Offerings in Michigan
Rockford Mutual announced the official launch of their suite of commercial insurance products in the state of Michigan, effective August 18, 2025 This strategic expansion includes Businessowners Policies (BOP), Commercial Package Policies (CPP), and Commercial Umbrella coverage, designed to meet …
POSTED AUGUST 18, 2025 4:53 PM |
Swiss Re Tops List of Largest Reinsurers on its Shift to IFRS-17 Accounting: AM Best
Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best. Swiss Re had previously …
POSTED AUGUST 18, 2025 4:36 PM |
Temporary Barriers Spared Alaska’s Capital From Severe Flooding, Long-Term Fix Elusive
The glacial flooding that sent residents of Alaska’s capital city scrambling this week has become an annual ordeal for those who live along the picturesque river that winds from the nearby Mendenhall Glacier. This year, a giant wall of reinforced …
POSTED AUGUST 18, 2025 4:08 PM |
Arthur J. Gallagher Completes $13.5 Billion Acquisition of AssuredPartners
Arthur J. Gallagher & Co. announced it has closed the previously announced acquisition of U.S. insurance broker AssuredPartners, further expanding its retail middle-market property/casualty and employee benefits focus across the U.S. Gallagher announced in December that it had agreed to …
POSTED AUGUST 18, 2025 4:04 PM |
US Plans $750M Fly Factory in Texas to Stop a Flesh-Eating Cattle Parasite
The U.S. plans to build a $750 million factory in southern Texas to breed billions of sterile flies, ramping up its efforts to keep flesh-eating maggots in Mexico from crossing the border and damaging the American cattle industry. Secretary Brooke …
POSTED AUGUST 18, 2025 3:49 PM |
Six Killed in Michigan Collision Between Truck and Van Carrying Amish Group
A pickup truck went through a stop sign in rural Michigan and crashed into a van carrying members of an Amish community, killing at least six people, authorities said. The crash occurred last Tuesday afternoon in Tuscola County’s Gilford Township, …
POSTED AUGUST 18, 2025 3:47 PM |
Michigan Man Wins $60M in False Charges Case
A jury awarded nearly $60 million last week to a man who accused a disgraced Michigan prosecutor and a police officer of violating his rights in filing sexual abuse charges in a case that was ultimately dismissed by the state …
POSTED AUGUST 18, 2025 3:40 PM |
Bayer Settles Sky Valley Cases Over Chemical PCB
Bayer said on Monday it reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to the chemical PCB, but said payments were already reflected in recent financial reporting. …
POSTED AUGUST 18, 2025 3:11 PM |
Markets/Coverages: Vortex Pays Out After a Mere ‘Trace’ of Rain
Vortex Weather Insurance has introduced RainSure, the latest addition in its line of parametric rain insurance products. RainSure differs from Vortex’s existing parametric rain insurance products by offering incremental payouts for every .01 inch of rain up to a .25-inch, …
POSTED AUGUST 18, 2025 2:40 PM |
People Moves: Insurance Women Chapter Forms in Western Massachusetts
Pioneer Valley Launches MAIW Chapter Insurance industry professionals have established a new chapter of the Massachusetts Association of Insurance Women (MAIW) in the Pioneer Valley region in western Massachusetts. The 2025-2026 MAIW – Pioneer Valley Chapter board members include: Director: …
POSTED AUGUST 18, 2025 2:16 PM |
News Archives - Claims Journal
FTC Sues Ticket Reseller for Evading Taylor Swift’s Eras Tour Ticket Limits
The U.S. Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift’s Eras tour and resell them at a markup, according to a complaint filed …
POSTED AUGUST 18, 2025 4:39 PM |
Hurricane Erin Strengthens, Threatens East Coast With Rough Surf
Hurricane Erin will likely become even larger as it moves past the Bahamas, with the dangerous storm expected to strengthen but remain over the ocean as it churns off the US East Coast, battering beaches later this week. Erin’s top …
POSTED AUGUST 18, 2025 4:17 PM |
Coastal Communities Restoring Natural Defenses Against Storm Surges, Rising Seas
In San Francisco Bay, salt ponds created more than a century ago are reverting to marshland. Along the New York and New Jersey coasts, beaches ravaged by Superstorm Sandy underwent extensive restoration. In Alabama, a rebuilt spit of land is …
POSTED AUGUST 18, 2025 3:53 PM |
You Can Now Lease an EV for Less Than $100 a Month
A Mercedes EQB starts at $53,000 in the US, but at the moment, the swanky SUV is one of the cheapest cars in the country. In July, Mercedes dealerships were leasing the EQB for $352 a month, including the down …
POSTED AUGUST 18, 2025 3:32 PM |
Double for Trouble: ID Theft Victim Awarded Both Treble and Punitive Damages
A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law rule against …
POSTED AUGUST 18, 2025 5:00 AM |
Zambia Assures Public Water Is Safe After Mine-Pollution Spill
The Zambian government sought to calm public concerns about pollution levels after a study found that the damage done by a disaster at a Chinese state-owned copper mine in February was much larger than officially reported. “The water is fit …
POSTED AUGUST 18, 2025 5:00 AM |
US Senator Brings Back Idea of Federal Reinsurance Program
Sen. Adam Schiff recently reintroduced his Incorporating National Support for Unprecedented Risks and Emergencies (INSURE) Act to create a federal catastrophic reinsurance program. The insurance industry promptly reintroduced their opposition. “The INSURE Act may sound helpful on paper but would …
POSTED AUGUST 18, 2025 5:00 AM |
Court Clears Trump to Restart CFPB Mass Firings
A divided federal appeals court on Friday cleared U.S. President Donald Trump to resume mass firings at the Consumer Financial Protection Bureau, ruling that a lower court had lacked jurisdiction in temporarily blocking this. However, the U.S. Court of Appeals …
POSTED AUGUST 15, 2025 8:17 PM |
Automobiles, Promotions Bolster Rise in US Retail Sales in July
U.S. retail sales increased solidly in July, supported by strong demand for motor vehicles as well as promotions by Amazon.com and Walmart, though a softening labor market and higher goods prices could curb consumer spending growth in the third quarter. …
POSTED AUGUST 15, 2025 3:51 PM |
South Korean Court Dismisses US Composer’s ‘Baby Shark’ Copyright Claim
South Korea’s Supreme Court rejected a 30 million won ($21,600) damage claim by an American composer who accused a South Korean kids content company of plagiarizing his version of “Baby Shark,” ending a six-year legal battle over the globally popular …
POSTED AUGUST 15, 2025 1:59 PM |
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