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News Archives - Insurance Journal
QBE Insurance Sponsors US$400M Catastrophe Bond via Bridge Street Program
QBE Insurance Group announced it has closed a new catastrophe bond, which provides the re/insurer with $400 million of collateralized reinsurance cover for named storms and earthquakes in the US and earthquakes in Australia and New Zealand. This deal marks …
POSTED DECEMBER 30, 2025 5:10 PM |
US Justice Department Using Fraud Law to Target Companies on DEI, WSJ Reports
The Trump administration has launched investigations into the use of diversity initiatives in hiring and promotion at major U.S. companies, the Wall Street Journal reported. Google and Verizon are among a list of companies that have received Justice Department demands …
POSTED DECEMBER 30, 2025 5:02 PM |
Abundant Reinsurance Capacity Accelerates Market Softening During 1/1 Renewals
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the January 1, 2026 renewals, according to a report issued by Guy Carpenter, the reinsurance business of Marsh. Carpenter described a “softening market shaped by capital growth, …
POSTED DECEMBER 30, 2025 3:50 PM |
Father of NASCAR Great Hamlin Killed in NC House Fire That Destroyed Home
The father of longtime NASCAR driver Denny Hamlin died from a house fire and his mother was left in critical condition after the blaze consumed the couple’s home near Charlotte. Multiple news outlets reported that the 3,700-square-foot house in Stanley, …
POSTED DECEMBER 30, 2025 3:32 PM |
Colorado Faces $24M Funding Cut for Illegal Commercial Driver’s Licenses
The head of the U.S. Department of Transportation threatened to withhold $24 million in federal funding from the state of Colorado for what he described as a slow response to a major violation of federal commercial driver’s license regulations. Transportation …
POSTED DECEMBER 30, 2025 3:18 PM |
Texas Camp’s Reopening Draws Outrage, but Some Families Want to Return
Patrick Hotze’s three daughters made it home safe from Camp Mystic after July’s catastrophic floods that killed 25 campers and two teenage counselors. He attended some of the funerals and says he understands the outrage over the Texas camp’s plan …
POSTED DECEMBER 30, 2025 2:52 PM |
Verisk Pulls Plug on $2.4 Billion AccuLynx Deal After FTC Review Delay
Data analytics firm Verisk said it pulled the plug on its planned $2.35 billion acquisition of roofing software maker AccuLynx, pinning the termination on a regulatory review delay. Verisk said the decision follows a notification from the U.S. Federal Trade …
POSTED DECEMBER 30, 2025 2:27 PM |
Nuclear Developer Proposes Using Navy Reactors for Data Centers
A Texas power developer is proposing to repurpose nuclear reactors from Navy warships to supply the US grid as the Trump administration pushes to secure massive amounts of energy for the artificial intelligence boom. HGP Intelligent Energy LLC filed an …
POSTED DECEMBER 30, 2025 2:15 PM |
‘Bomb Cyclone’ Knocks Out Power to Thousands in Northern US
A winter storm that brought intense winds and rapidly falling temperatures to the Northern US including New York has left more than 200,000 customers without electricity. A weather pattern known as a “bomb cyclone” because of large drops in air …
POSTED DECEMBER 30, 2025 2:01 PM |
Funding Cuts Put America’s Consumer Watchdog on the Brink of Collapse
When Bianca Jones, a 33-year-old special education teacher in Memphis, Tennessee, decided a couple of years ago that she wanted to buy a house, she started digging into her Experian credit report. She was shocked by what she found. Her …
POSTED DECEMBER 30, 2025 1:57 PM |
News Archives - Claims Journal
Severity Was up, But How Will Falling Claims Volume Impact The Profession?
The average claim severity will turn out to be one of the highest quarters in recent history for 2025’s third quarter, however the quarter will produce the lowest claim volume in five years—continuing a trend of decreased catastrophe events that …
POSTED DECEMBER 30, 2025 7:58 PM |
National Safety Council: New Year’s Holiday May See Increase in Road Deaths
It’s estimated that 429 people may die on U.S. roads this New Year’s Day holiday period, slightly above the six-year average of 423 fatalities experienced over New Year’s Day holidays of the same length. National Safety Council estimates take into …
POSTED DECEMBER 30, 2025 5:30 PM |
Abundant Reinsurance Capacity Accelerates Market Softening During 1/1 Renewals
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the January 1, 2026 renewals, according to a report issued by Guy Carpenter, the reinsurance business of Marsh. Carpenter described a “softening market shaped by capital growth, …
POSTED DECEMBER 30, 2025 4:19 PM |
Motel 6 Spokesman Tom Bodett Settles Lawsuit Against Chain
Tom Bodett, who for nearly four decades told travelers in radio and TV ads that at Motel 6 “we’ll leave the light on for you,” settled his lawsuit accusing the motel chain of using his name and voice without permission …
POSTED DECEMBER 30, 2025 3:27 PM |
Aflac Says 22.6M People Affected by Cyber Incident Earlier This Year
Aflac said its investigation has revealed a cybersecurity incident discovered six months ago affected more than 22.6 million individuals. The Columbus, Georgia-based health and life insurer said in a statement earlier this month that it has started to notify impacted …
POSTED DECEMBER 30, 2025 6:00 AM |
New Laws Impacting California Drivers in 2026
New laws affecting California drivers set to go into effect on Jan. 1, 2026, include stricter laws for drunk driving, speeding in school zones and automated traffic camera enforcement. The California Department of Motor Vehicles compiled a list of new …
POSTED DECEMBER 30, 2025 6:00 AM |
A Year Later, Jeju Air Crash Report Delayed as Families Question Probe’s Credibility
A South Korean investigation into the Jeju Air crash that killed 179 people is set to miss a one-year deadline to release a progress report, two officials said, as frustrated relatives of the victims continue to demand answers about what …
POSTED DECEMBER 30, 2025 6:00 AM |
World’s Top 10 Extreme Weather Events in 2025
There were 10 extreme weather events will go down as the most impactful, record-setting storms of the year globally, according to forecasters.
POSTED DECEMBER 30, 2025 6:00 AM |
Tyler Perry Sued For Sexual Assault by Actor Seeking $77 Million
Tyler Perry was sued for sexual assault by an actor who appeared in “Boo! A Madea Halloween,” marking the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances. …
POSTED DECEMBER 29, 2025 4:51 PM |
Tata Steel Says NGO Seeking $1.6B for Alleged Health Damage
A Dutch nonprofit is seeking €1.4 billion ($1.6 billion) in compensation from Tata Steel’s Netherlands units, alleging that harmful emissions from its operations have caused environmental harm and health damage to nearby residents. Stichting Frisse Wind.nu has submitted the legal …
POSTED DECEMBER 29, 2025 3:44 PM |
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