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Insurance News
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Updated: 4 weeks 4 days ago
EU Aims to Use Global Upheaval to Drive New Single Market Push
European Council President Antonio Costa said leaders are ready to make another push to unify their markets, arguing that a fracturing world order could force action on languishing reforms. “My feeling is there is a real commitment for all the …
Estee Lauder Sues Walmart Over Alleged Counterfeit Fragrances
Estee Lauder sued Walmart in California federal court on Monday, accusing the retail giant of selling knockoffs of Estee Lauder fragrance and skin care brands including Clinique, Tom Ford and Le Labo. Estee Lauder said in the lawsuit that Walmart …
South Korea Crypto Exchange Bithumb Says System Flaws Led to $40 Billion Error
South Korea’s Bithumb said on Wednesday that serious flaws had left the crypto exchange’s internal system susceptible to potential sabotage and failed to prevent an erroneous transfer of more than $40 billion in assets last week. The country’s second-largest virtual …
Climate Change and Budget Cuts Fueled South American Blazes
Human-induced climate change, along with land-use shifts and budget cuts, likely worsened recent wildfires in Argentina and Chile that are threatening some of the world’s oldest trees, an analysis has found. These regions are now receiving 20% to 25% less …
Canadian Airlines Suspend Cuba Flights as Island Set to Run Out of Jet Fuel
Canadian airlines on Monday suspended flights to Cuba, which warned it was running out of jet fuel, as the U.S. tightens its grip on the communist-run nation’s oil supply by blocking shipments from Venezuela. Air Canada, the country’s biggest carrier, …
Acorn Owners Said to Weigh Options for £1 Billion UK Cab Insurer
The owners of British specialist motor and home insurer Acorn Group are exploring strategic options including selling a controlling stake in the company, according to people familiar with the matter. The London black cab insurer’s shareholders, which include Inflexion Private …
Viewpoint: Why Unified Data, Not More Data, Will Decide Insurance’s Next Winners
The role of data across the insurance value chain has evolved noticeably. What was once used primarily for retrospective reporting is now becoming a source of real-time intelligence that shapes daily decision-making. This shift is being driven by three forces: …
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch
Fitch Ratings said it does not expect autonomous vehicles (AVs) to “have any meaningful impact” on insurers in the next decade. Therefore, impacts to credit ratings will be modest. However, over time, the technology “will indelibly alter” the landscapes of …
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation
The Trump administration’s imminent repeal of an Obama-era scientific finding that greenhouse gases pose a public health threat could open up a new pathway for filing lawsuits against power-plant operators and other companies. Legal experts said the policy reversal could …
Injured Employee Loses Evidence Spoliation Bid Over Video Erased by Employer
A Virginia public school employee must proceed with his workers’ compensation claim appeal without the evidence of a video he believes shows how and when he was injured at work. His employer, the Newport News Public Schools, erased the video …
People Moves: Hinterland Names Krozy CUO, Harding VP Commercial Package and Property
Hinterland Insurance appointed Evan Krozy as the company’s chief underwriting officer and Kristine Harding as executive vice president, commercial package and property, reporting to Krozy. Krozy has more than 25 years of insurance experience, including commercial lines underwriting, specialty lines, …
Maryland Traffic Fatalities Declined 18% in 2025
The state of Maryland made progress in 2025 toward safer roads, with traffic fatalities falling by approximately 18% statewide, according to preliminary data. Motor vehicle crash deaths declined from 582 in 2024 to 480 in 2025, marking the first time …
AIG Underwriting Income Up 48% in Q4 on North America Commercial
Fourth quarter 2025 underwriting income in American International Group’s (AIG) General Insurance segment increased 48% compared with the prior year, to $670 million. The unit, which includes North America commercial, International commercial, and global personal—recorded $125 million in catastrophe-related charges …
EPA Identifies Spilled Chemical Compound That Affected 260 Cars in Kansas
The EPA has identified the chemical compound spilled in Garnett, Kansas, on Dec. 31, 2025. Recent laboratory analysis corroborates EPA’s preliminary field screening results with a “high level of confidence” that the corrosive substance was sodium aluminate, the agency said. …
Rejection of Texas Law Blacklisting ‘Woke’ Firms Could Challenge Other Anti-ESG Laws
A Texas judge’s move to strike down a state law blacklisting “woke” financial firms, including BlackRock and HSBC, that used environmental, social or governance factors in investment decisions will likely drive a broader push to repeal so-called “anti-ESG” laws in …
Liberty Mutual to Partner With Net-Zero Focused PE Firm Ara
Liberty Mutual Group Inc.’s asset-management arm agreed to back Ara Partners’ infrastructure and energy strategies, in the latest partnership between an insurer and an alternative investment firm. The collaboration includes an anchor commitment to Ara’s new energy fund as well …
SC Wind Mitigation Grant Program Now Open for New Applications
South Carolina’s Safe Home Mitigation Program today, Feb. 10, began accepting applications for a new round of funding for resiliency grants. The program, which provides up to $6,000 in matching grants and up to $7,500 in non-matching grants, received additional …
Trump Threatens to Block Detroit-Canada Bridge in New Row
President Donald Trump threatened to block the opening of a new bridge that connects Michigan and Ontario until the US was given compensation and ownership of half of it, saying he’d start negotiations immediately. “I will not allow this bridge …
Louisiana Restaurants to Pay $34K in Sexual Harassment Lawsuit
Shreveport, Louisiana-based Minden Seafood, LLC, and Dorcheat Seafood, LLC, operators of restaurants Minden Seafood and Dorcheat Seafood and Grill, will pay a former employee $34,000 in back pay and emotional distress damages to settle a sexual harassment lawsuit filed by …
Greece and Malta Hesitate Over EU’s Russia Oil Services Ban
Greece and Malta have emerged as the main obstacle to a European Union proposal to replace a Russian oil price cap with a ban on the services needed to ship the fuel. The two southern European countries raised concerns about …
