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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
Aon Agrees to $15 Million Settlement With Pennsylvania Teachers
A unit of Aon Plc agreed to settle a class-action lawsuit alleging that calculation errors and faulty investment advice caused Pennsylvania public school teachers to make millions of dollars in extra contributions to their pension fund. The firm’s Aon Investments …
Assignment of Benefits Bill Passes Washington Senate
A bill prohibiting post-loss assignment of benefits agreements passed the Washington Senate on Thursday on a unanimous vote. Senate Bill 6178 was backed by Washington Insurance Commissioner Patty Kuderer, halting post-loss assignment of benefits, an agreement that allows a third …
Uber Jury Awards $8.5 Million Damages in Sexual Assault Case
Uber Technologies Inc. was hit with $8.5 million in damages in a trial over a 19-year-old woman’s claim that she was raped by her driver in Arizona, raising the rideshare giant’s risk of a costly settlement to resolve thousands of …
People Moves: Trucordia Names Reid as Vice President on M&A Team
Trucordia hired Kim Reid as a vice president on its mergers and acquisitions team. Reid comes to Trucordia after more than two decades with Arthur J. Gallagher, where she helped build and lead the firm’s due diligence and integration programs. …
Insurance Ad During Super Bowl Aims to Win Over Frustrated New York Fans
New York football fans may not be happy that neither the Giants nor Bills nor Jets made it to Super Bowl 2026 but there is a reason for them to tune in on Sunday anyway. During the New England Patriots …
Maine Plane Crash Victims Worked for Luxury Travel Startup Led by Texas Lawyer
The six people killed in a fiery plane crash in Maine were flying to France’s Champagne region to scope out the next travel destination for high-net-worth clients when their small jet flipped on the runway during takeoff. They included an …
People Moves: XPT Specialty Hires Goedeke as Underwriter/Broker
XPT Specialty, headquartered in Plano, Texas, hired Kyle Goedeke as an underwriter/broker. Goedeke has nearly a decade of experience across wholesale brokerage, underwriting, and excess and surplus (E&S) line placements. In his role at XPT Specialty, Goedeke will underwrite and …
Texas Anti-ESG Law Declared Unconstitutional by US Judge
A federal judge declared unconstitutional a 2021 Texas law restricting state investments in companies seeking to rely less on fossil fuels or boycott that industry. In a decision made public on Wednesday, U.S. District Judge Alan Albright said the law …
Forever Chemicals Quietly Contaminate Drinking Water Wells
Kristen Hanneman made a small decision in 2022 that would upend life for her entire town. State scientists were checking private drinking water wells across Wisconsin for a widely used family of harmful chemicals called PFAS. They mailed an offer …
Trial of Ex-FirstEnergy Execs Charged in $60M Ohio Bribery Scheme Begins
The $4.3 million payment that Ohio-based FirstEnergy made to veteran lawyer and lobbyist Sam Randazzo in 2019, shortly before he was appointed as the state’s top utility regulator, is at the center of the latest criminal trial to get underway …
Bill Introduced to ‘Transform’ The California FAIR Plan
A bill to initiate reforms to the California FAIR Plan that include changes to customer service and claims, and added transparency was introduced on Monday. Assembly Bill 1680, the Make It FAIR Act, authored by Assemblymember Lisa Calderon and sponsored …
Historic Fishing Community Mourns 7 Lives Lost in Another Tragedy at Sea
The U.S. Coast Guard’s Northeast Division is investigating the sinking of the commercial fishing vessel Lily Jean off the Massachusetts coast and subsequent loss of seven lives last week. At 6:50 a.m., on January 30, the Coast Guard responded to …
Cluster of Quakes Felt Around San Francisco Bay, Including An M4.2
A cluster of earthquakes in the San Francisco Bay Area early Monday including a magnitude 4.2 temblor was felt by thousands. The United States Geological Survey reported more than two dozen different quakes. The largest was a M4.2 east of …
Rokstone Launches Commercial Agriculture and Farm Property Program
Rokstone Agriculture, part of the International Speciality (Re)Insurance MGA Rokstone, has announced the launch of its new U.S. non-admitted Commercial Agriculture and Farm & Ranch Property Program. Available in all U.S. states, except Alaska and Hawaii, and excluding wind is …
Novacore Acquires Texas’ CP Insurance Associates
Novacore, the specialty insurance managing general agent (MGA) formerly the U.S. commercial division of NSM Insurance Group, announced it has entered into a definitive agreement to acquire CP Insurance Associates, a Texas-based insurance services agency specializing in lender-placed insurance, investor …
Cannabis is Here to Stay, Texas Lawmakers Say
Cannabis is here to stay in Texas, lawmakers and industry leaders said last week, as efforts to ban consumable hemp are losing steam. However, figuring out how to regulate the market remains a glaring problem that lawmakers will likely address …
FMIG Acquires Illinois’ Downs Insurance Agency
First Mid Insurance Group (FMIG) announce its acquisition of Downs Insurance Agency in Decatur, Illinois. The transaction closed on January 12, 2026. The acquisition supports FMIG’s continued growth strategy across central Illinois and expands its presence in the Decatur market. …
Zurich Reveals Beazley Stake After UK Insurer Spurns Bid
Zurich Insurance Group AG disclosed a 1.5% stake in Beazley Plc, about two weeks after the UK specialty insurer rejected the industry giant’s latest takeover approach. The Swiss company now holds about 8.87 million shares of the London-listed firm, or …
NHTSA Expands Probe Into About 1.3 Million Ford Pickups Over Transmission Issues
The National Highway Traffic Safety Administration said on Monday it had expanded a safety-related investigation into 1.27 million Ford F-150 pickup trucks following reports of unexpected downshifts with rear-wheel lockup. The investigation covers vehicles from the 2015–2017 model years, NHTSA …
‘Moltbook’ Social Media Site for AI Agents Had Big Security Hole
A buzzy new social network where artificial intelligence-powered bots appear to swap code and gossip about their human owners had a major flaw that exposed private data on thousands of real people, according to research published on Monday by cybersecurity …
