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News Archives - Insurance Journal
EverPeak Launches Workers’ Comp in Arkansas
EverPeak Insurance announced the launch of its workers’ compensation solution in Arkansas. “Arkansas is powered by its small business community, and we recognize the critical need for accessible, reliable, and high-quality workers’ compensation coverage right here in the state,” said …
POSTED OCTOBER 30, 2025 5:33 AM |
Adjuster Countersues Heritage Over ’60 Minutes’ Response While DFS Probe Stalls
Independent adjusters’ claims that some Florida insurance companies had tampered with their damage estimates continue to trickle through courthouses and state agencies, with final resolutions far from certain or still months or years in the future. The latest developments include: …
POSTED OCTOBER 30, 2025 5:01 AM |
Prediction Markets Firm Kalshi Sues NY Gambling Regulator Alleging Overreach
Predictions marketplace Kalshi Inc. sued New York’s gaming commission, saying the state agency is overstepping its authority by attempting to regulate sports-betting operations that fall exclusively under federal jurisdiction. In a lawsuit filed Monday in Manhattan US District Court, Kalshi …
POSTED OCTOBER 30, 2025 5:00 AM |
People Moves: Aspire Promotes Alam to Chief Financial Officer
Aspire General Insurance Services promoted Bilal Alam to chief financial officer. Alam has been with Aspire since January 2023, joining the firm as chief information officer and most recently serving as chief risk officer, where he oversaw the risk, actuarial, …
POSTED OCTOBER 30, 2025 5:00 AM |
Trial Starts in $40M Lawsuit by Teacher Shot by 6-Year-Old Student
A former assistant principal at a Virginia elementary school ignored multiple warnings that a 6-year-old student had a gun in the hours before he shot his teacher, an attorney for the teacher said Tuesday as trial opened in the woman’s …
POSTED OCTOBER 30, 2025 5:00 AM |
SCE Wildfire Fund to Pay Millions, Fast-Track Death Claims
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …
POSTED OCTOBER 29, 2025 8:18 PM |
Starr Acquiring IQUW; Starr Managing Agency to Be Among 10 Largest at Lloyd’s
Starr, a global investment and insurance organization, announced it has entered a definitive agreement to acquire IQUW Group, a specialty insurance and reinsurance business that combines data and analytics with underwriting expertise. Financial terms of the transaction were not been …
POSTED OCTOBER 29, 2025 6:33 PM |
South Dakota Survival Bunker Renters Sue Owner Over Alleged Deceptive Practices
A new class-action lawsuit, if successful, could require the California owner of former military munitions bunkers near Edgemont to pay more than $17 million to people who rent the so-called igloos for use as homes or shelters to protect them …
POSTED OCTOBER 29, 2025 4:53 PM |
Breaking: Florida Appeals Court Reverses $200M Jury Verdict in Maya Kowalski Case
A Florida appeals court today struck down the $200 million verdict against John’s Hopkins All Children’s Hospital in the Maya Kowalski negligence lawsuit, a case that had gained worldwide attention and was the subject of a Netflix documentary. “The trial …
POSTED OCTOBER 29, 2025 4:44 PM |
Fermi Orders Four Big Nuclear Reactors in Texas
Fermi Inc. has signed deals to begin production of four big nuclear-power reactors that would be used for a private data center grid campus in the Texas Panhandle. Shares rose as much as 9% after the announcement and a slew …
POSTED OCTOBER 29, 2025 4:38 PM |
News Archives - Claims Journal
Opioid Distributors Can’t Shake $2.5 Billion Suit After Ruling
The three largest U.S. opioid distributors must face a $2.5 billion lawsuit alleging they helped fuel a public health crisis in parts of West Virginia, after their victory at a trial was thrown out by a federal appeals court. The …
POSTED OCTOBER 30, 2025 5:00 AM |
OpenAi Sued for Trademark Infringement Over Sora’s ‘Cameo’ Feature
The maker of celebrity video platform Cameo sued OpenAI in a California federal court, arguing that the new “Cameo” feature of OpenAI’s Sora video generation app violates its trademark rights. Cameo said in the complaint filed on Tuesday that OpenAI’s …
POSTED OCTOBER 30, 2025 5:00 AM |
Edison Wildfire Fund to Pay Millions, Fast-Track Death Claims
Southern California Edison said on Wednesday it would pay several million dollars each to families who lost loved ones in the January wildfires that scorched 14,000 acres in greater Los Angeles and destroyed thousands of homes and businesses. The utility, …
POSTED OCTOBER 30, 2025 5:00 AM |
Adjuster Countersues Heritage Over ’60 Minutes’ Response While Probe Stalls
Independent adjusters’ claims that some Florida insurance companies had tampered with their damage estimates continue to trickle through courthouses and state agencies, with final resolutions far from certain or still months or years in the future. The latest developments include: …
POSTED OCTOBER 30, 2025 5:00 AM |
The Impact of Nuclear Verdicts on Casualty Claims
“Nuclear verdicts” isn’t just a buzzphrase. These jury awards exceeding $10 million are becoming more frequent and severe. And for claims professionals, this isn’t just a legal or media trend—it’s a fundamental shift in risk exposure. These outcomes are reshaping …
POSTED OCTOBER 30, 2025 5:00 AM |
IIHS: Audi, BMW, Ford, Hyundai and Kia Models Top Safety Award Winners
Nine 2025 and 2026 vehicle models earned the latest top highway safety awards. The Insurance Institute for Highway Safety’s newest batch of vehicle ratings given the TOP SAFETY PICK+ award include the Audi All-new A5, Audi Q6 Sportback e-tron, BMW …
POSTED OCTOBER 30, 2025 5:00 AM |
NHTSA Says Ford Recalling 175,000 Vehicles in US for Moonroof Defect
Ford is recalling nearly 175,000 vehicles in the U.S. as their moonroof wind deflectors could detach, the U.S. National Highway Traffic Safety Administration said on Wednesday. Related: Ford Sees up to $2 Billion Profit Hit From Key Supplier Fire The …
POSTED OCTOBER 29, 2025 3:30 PM |
Hurricane Melissa Takes Aim at Bahamas After Battering Cuba
Sustained wind speeds are still around 105 miles per hour, and a hurricane-strength storm is expected to hit the Bahamas later on Wednesday.
POSTED OCTOBER 29, 2025 2:26 PM |
Gallagher Bassett Acquires Safe T Professionals
Gallagher Bassett acquired 100% of Chandler, Arizona-based Safe T Professionals LLC. Gallagher Bassett previously held a minority investment in the business. Anna Martinez, Joshua Martinez and their team will remain in their current location under the direction of Jim Bond, …
POSTED OCTOBER 29, 2025 1:20 PM |
What’s Happening in The Claims Profession? Read This, Then Tell Us
A clear explanation for what he’s been seeing may seem obvious, but in truth, interest in and pay for entry-level claims positions is being affected by more than one factor.
POSTED OCTOBER 29, 2025 5:00 AM |
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