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News Archives - Insurance Journal
Florida Congresswoman Indicted on Charges of Misusing $5M in FEMA Funds
A federal grand jury in Miami has indicted U.S. Rep. Sheila Cherfilus-McCormick and others, charging that they used federal disaster relief funds for her 2021 Congressional campaign. Federal prosecutors said Cherfilus-McCormick, 46, and her brother, Edwin Cherfilus, 51, of Miramar, …
POSTED NOVEMBER 20, 2025 4:31 PM |
People Moves: IQUW Taps Munich Re’s Gregory as Reinsurance Underwriter; The Fidelis Partnership Names Dlugosch From Swiss Re as Group Head of Aviation
This edition of International People Moves details appointments at IQUW and The Fidelis Partnership. A summary of these new hires follows here. IQUW Taps Gregory From Munich Re as Underwriter in London Reinsurance Team Specialty insurer and reinsurer IQUW announced …
POSTED NOVEMBER 20, 2025 4:19 PM |
Starbucks Must Face Shareholder Lawsuit Over Surprise Sales Decline
Starbucks must face a lawsuit claiming it defrauded shareholders by concealing declining sales in the United States and China, its largest markets, leading to a 16% drop in its stock price after the coffee chain revealed the unexpected weakness. In …
POSTED NOVEMBER 20, 2025 4:11 PM |
Trucordia Acquires Eberle Insurance in Arkansas
Trucordia acquired Eberle Insurance in Arkansas. Eberle Insurance is an independent insurance agency serving Sherwood and the greater Central Arkansas region, including nearby Little Rock. Trucordia is the group name for an insurance brokerage headquartered in Lindon, Utah. The firm …
POSTED NOVEMBER 20, 2025 4:10 PM |
Insurance IPOs Hit 20-Year High on Wall Street
Insurance companies’ first-time share sales on Wall Street hit a 20-year high this year as investors flocked to firms that were insulated from U.S. President Donald Trump’s trade war. Predictable cash flows and resilient business model gave private equity firms …
POSTED NOVEMBER 20, 2025 3:54 PM |
Florida Takes Steps to Put Recreational Marijuana on the Ballot Next Year
Florida elections officials have taken early steps under pressure from activists to advance a proposed initiative to legalize recreational marijuana to next year’s ballot, legal filings show. The procedural move comes after the campaign behind the issue, Smart & Safe …
POSTED NOVEMBER 20, 2025 3:51 PM |
Belgian Farmer Sues French Energy Giant for Damage Caused by Climate Change
A Belgian farmer is facing off against oil giant TotalEnergies in court on Wednesday, arguing the French company should pay for damage caused by climate change, in the latest lawsuit by environmental activists against big energy companies. Ahead of the …
POSTED NOVEMBER 20, 2025 3:46 PM |
Zurich, Arrowsight Camera-Coaching Pilot Slashes NYC Workers’ Compensation Claims
A three-year pilot program using video surveillance and coaching at New York City construction sites led to a more than 50% drop in workers’ compensation claims frequency and enhanced jobsite safety. According to insurer Zurich North America, Zurich Resilience Solutions …
POSTED NOVEMBER 20, 2025 3:45 PM |
Court Pauses California Law Requiring Companies to Report Climate-Related Financial Risk
A U.S. appeals court paused a California law set to take effect in January requiring large companies to report every two years on how climate change could hurt them financially. Another new law requiring major companies to annually disclose their …
POSTED NOVEMBER 20, 2025 2:57 PM |
Europe’s Cold Snap Puts Thousands of New Heat Pumps to the Test
The Arctic cold snap hitting Europe this week will be a test for thousands of Polish families that in recent years replaced coal furnaces with solar panels and heat pumps to heat their homes. Temperatures are expected to drop to …
POSTED NOVEMBER 20, 2025 2:30 PM |
News Archives - Claims Journal
Waymo Continues to Broaden US Robotaxi Footprint
Alphabet’s Waymo will expand its robotaxi operations to Minneapolis, Tampa and New Orleans in the coming days, the ride-hailing service provider said on Thursday, as it accelerates the broad rollout of its services in the U.S. The company said it …
POSTED NOVEMBER 20, 2025 3:23 PM |
GEICO Can’t Slip Out of Lawsuit That Says it Owes $70M in Taxes and Penalties
GEICO insurance companies can’t dismiss a South Carolina lawsuit that demands they pay almost $70 million in back taxes and penalties, a federal judge ruled in a case that could ultimately affect how insurance taxes are collected by cities in …
POSTED NOVEMBER 20, 2025 6:00 AM |
Buffett Utility Reaches Oregon Wildfire Settlement With Nearly 1,500 Victims
Berkshire Hathaway Inc.’s PacifiCorp said it has reached a $150 million settlement with 1,434 plaintiffs associated with the 2020 Labor Day fires in Oregon. The accord, disclosed Wednesday in a regulatory filing, will resolve claims by property owners that the …
POSTED NOVEMBER 20, 2025 6:00 AM |
Warner, Udio Settle Copyright Case, Plan New AI Song Creation Platform
Warner Music Group has settled a copyright infringement case with artificial intelligence company Udio and will jointly launch a new platform for song creation in 2026, the companies said on Wednesday. The new subscription service, which will be powered by …
POSTED NOVEMBER 20, 2025 6:00 AM |
Survey Points to ‘Clear Soft Market Conditions’ for Commercial P/C Lines in Q3
According to The Council of Insurance Agents & Brokers quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lines of business were either flat or lower than …
POSTED NOVEMBER 20, 2025 6:00 AM |
Tulsa to Allow Fire Department to Bill Insurers for Car Accident Responses
The Tulsa City Council last week approved an ordinance allowing the city’s fire department to charge insurance companies for responses to some motor vehicle accidents. The cost recovery program will charge the at-fault driver’s insurance carrier, and the fee amount …
POSTED NOVEMBER 20, 2025 6:00 AM |
A Claims Professional’s View From the Ground in Melissa’s Aftermath
For one claims professional who is working in Jamaica, it is clear that the scale of the damage left in the wake of Hurricane Melissa will have a long-lasting, and far-reaching impact for businesses and people. But the biggest concern …
POSTED NOVEMBER 19, 2025 7:30 PM |
Moët Hennessy Wins Paris Lawsuit Against Ex-CFO Over NDA Breach
Moët Hennessy won a lawsuit against its former finance chief after LVMH’s drinks unit accused him of violating a non-disclosure agreement that he signed last year as part of his settlement when he was dismissed. The Paris employment tribunal ordered …
POSTED NOVEMBER 19, 2025 4:29 PM |
Single Loose Wire Led to Blackout That Caused Dali Crash Into Baltimore Bridge
NTSB says a loose wire in the ship's electrical system caused a breaker to open, triggering a sequence of events that led to blackouts and propulsion and steering loss.
POSTED NOVEMBER 19, 2025 3:16 PM |
Ford Recalling 230K US Vehicles Over Instrument Panel Display Failure
Ford is recalling 229,609 Bronco vehicles in the U.S. due to a failure in the instrument panel display, such as warning lights or vehicle speed, the U.S. National Highway Traffic Safety Administration said on Wednesday. The regulator said the instrument …
POSTED NOVEMBER 19, 2025 2:32 PM |
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