News Archives - Insurance Journal

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27 05, 2025

India Debuts New Weather Model to Help Farming, Flood Planning

By | May 27th, 2025|Uncategorized|Comments Off on India Debuts New Weather Model to Help Farming, Flood Planning

The southwest monsoon’s early arrival in India this year is good news for crops, but exactly when, where, and how much rain will fall over the next few months are still difficult questions to answer. To help solve that dilemma, …

27 05, 2025

Russian Hackers Target Western Firms Shipping Aid to Ukraine, US Intelligence Says

By | May 27th, 2025|Uncategorized|Comments Off on Russian Hackers Target Western Firms Shipping Aid to Ukraine, US Intelligence Says

Hackers working for Russian military intelligence targeted Western technology and logistics companies involved in shipping assistance to Ukraine, the U.S. National Security Agency said. The hackers were trying to obtain details about the type of assistance entering Ukraine and, as …

27 05, 2025

Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy

By | May 27th, 2025|Uncategorized|Comments Off on Markets/Coverages: BHSI Expands Executive & Professional Lines Cover in Italy

Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These new policies follow the launch of BHSI’s proprietary Directors & Officers Liability Insurance in December of 2024. “Launching our …

27 05, 2025

FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

By | May 27th, 2025|Uncategorized|Comments Off on FTC Nixes Antitrust Lawsuit Against PepsiCo Over Pricing

PepsiCo Inc. scored a major legal victory Thursday after the three members of the US Federal Trade Commission voted unanimously to dismiss an antitrust lawsuit that was filed at the very end of the Biden Administration. The FTC sued Pepsi …

30 05, 2025

Industry Vets Bonneau and Bredahl Form Novel Financial, Acquire Forza Insurance

By | May 30th, 2025|Uncategorized|Comments Off on Industry Vets Bonneau and Bredahl Form Novel Financial, Acquire Forza Insurance

The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as “an independent holding company that oversees carriers supporting managing general underwriters. Novel Financial Holdings LLC (“Novel”) …

27 05, 2025

New Hampshire to Pay $2.25M to Mother of 5-Year-Old Killed by Father

By | May 27th, 2025|Uncategorized|Comments Off on New Hampshire to Pay $2.25M to Mother of 5-Year-Old Killed by Father

New Hampshire has agreed to pay $2.25 million to the mother of Harmony Montgomery, a 5-year-old girl whose father was convicted of murdering her. Crystal Sorey filed a negligence lawsuit against the state last May accusing social workers of ignoring …

27 05, 2025

Connecticut Lawmakers Nix Costly Workers’ Comp Change Opened by High Court

By | May 27th, 2025|Uncategorized|Comments Off on Connecticut Lawmakers Nix Costly Workers’ Comp Change Opened by High Court

Connecticut lawmakers last week moved swiftly to plug what could have been a very costly loophole in workers’ compensation benefits that was created by a state Supreme Court decision in March. The lawmakers effectively invalidated the high court ruling that …

27 05, 2025

Urban Fires Can Mean Long Trips for Helicopters to Get Water. A California Firefighter Had An Idea

By | May 27th, 2025|Uncategorized|Comments Off on Urban Fires Can Mean Long Trips for Helicopters to Get Water. A California Firefighter Had An Idea

Mark Whaling and a crew raced up and down a hill in a tanker truck as they battled a wildfire in Los Angeles County, scrambling to get water from a street hydrant in time to stay ahead of flames moving …

27 05, 2025

More Tornadoes, Fewer Meteorologists Make for a Dangerous Mix

By | May 27th, 2025|Uncategorized|Comments Off on More Tornadoes, Fewer Meteorologists Make for a Dangerous Mix

As nasty tornadoes popped up from Kansas to Kentucky, a depleted National Weather Service was in scramble mode. The agency’s office in Jackson, Kentucky, had begun closing nightly as deep cuts by Elon Musk’s Department of Government Efficiency began hitting. …

27 05, 2025

Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home

By | May 27th, 2025|Uncategorized|Comments Off on Norwegian Man Awakes to Discover Grounded Cargo Ship Narrowly Missed His Home

A Norwegian man awoke to find that a cargo ship had run aground and narrowly missed crashing into his home along the Trondheim Fjord’s coast. Johan Helberg told Norwegian broadcaster NRK that he’d slept through the whole thing and only …