News Archives - Insurance Journal

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6 10, 2025

Activision Officials Must Face Claims Over Microsoft Takeover, Judge Rules

By | October 6th, 2025|Uncategorized|Comments Off on Activision Officials Must Face Claims Over Microsoft Takeover, Judge Rules

A Delaware judge said former Activision Blizzard officials including Chief Executive Bobby Kotick must face most of a lawsuit alleging they shortchanged shareholders when Microsoft bought the “Call of Duty” game maker for $75.4 billion. Chancellor Kathaleen McCormick of the …

6 10, 2025

Rural Texas Communities Weigh Pros and Cons of Data Centers

By | October 6th, 2025|Uncategorized|Comments Off on Rural Texas Communities Weigh Pros and Cons of Data Centers

Kendra Kay loved growing up in the quiet of West Texas. She enjoyed the peacefulness brought in by the open lands. She appreciated how everyone in her community had a purpose and contributed to their way of life. She never …

6 10, 2025

Malaysia’s Weststar Secures $309 Million Funding for Expansion

By | October 6th, 2025|Uncategorized|Comments Off on Malaysia’s Weststar Secures $309 Million Funding for Expansion

Malaysia’s financial services firm MBSB Bhd will provide MYR1.3 billion ($309 million) in funding to support the expansion of Weststar Aviation Services Sdn Bhd, the aviation arm of The Weststar Group, the Edge newspaper reported Friday, citing a statement. The …

6 10, 2025

India Considers Introducing Nationwide Climate-Linked Insurance Scheme

By | October 6th, 2025|Uncategorized|Comments Off on India Considers Introducing Nationwide Climate-Linked Insurance Scheme

India’s government has begun early-stage talks with local insurers about designing a nationwide climate-linked insurance program aimed at simplifying the payout process after extreme weather events such as heatwaves and floods. The scheme would adopt a parametric insurance model, where …

6 10, 2025

Denmark Reports Repeated Russian Naval Provocations in its Straits

By | October 6th, 2025|Uncategorized|Comments Off on Denmark Reports Repeated Russian Naval Provocations in its Straits

Russian warships have repeatedly sailed on collision courses, aimed weapons at Danish naval vessels and disrupted navigation systems in Denmark’s straits that connect the Baltic Sea to the North Sea, its defense intelligence service said on Friday. Such incidents risk …

6 10, 2025

Markets/Coverages: Chaucer Launches Cyber Risk Management and Insurance Solution

By | October 6th, 2025|Uncategorized|Comments Off on Markets/Coverages: Chaucer Launches Cyber Risk Management and Insurance Solution

Chaucer Group, the global specialty re/insurance group, announced the launch of Vanguard, a comprehensive cyber risk management and insurance solution designed to protect organizations in the face of an evolving threat landscape. This new primary business policy focuses on complex …

6 10, 2025

Hedge Funds Targeting Fire Insurance Hit a Wall in California

By | October 6th, 2025|Uncategorized|Comments Off on Hedge Funds Targeting Fire Insurance Hit a Wall in California

Hedge funds speculating on wildfire insurance claims in California were just dealt a legal blow, after the state adopted new legislation designed to stifle such bets. Under the law, approved last month by California Governor Gavin Newsom, alternative investment managers …

6 10, 2025

Global Indemnity’s Penn-America Underwriters Launches its First Reinsurance MGA

By | October 6th, 2025|Uncategorized|Comments Off on Global Indemnity’s Penn-America Underwriters Launches its First Reinsurance MGA

Global Indemnity Group LLC (GBLI) announced that its subsidiary, Penn-America Underwriters LLC, is launching its first reinsurance managing general agency (MGA), in partnership with veteran reinsurance executive George Dragonetti, who will also serve as president of the new unit. Penn-AmericaUnderwriters …

6 10, 2025

Intact Financial Corp. Rebrands Subsidiaries RSA and NIG to Intact Insurance

By | October 6th, 2025|Uncategorized|Comments Off on Intact Financial Corp. Rebrands Subsidiaries RSA and NIG to Intact Insurance

Intact Financial Corp. (IFC) announced the official rebranding of RSA and NIG to Intact Insurance across the UK, Ireland and Europe. This move marks a significant milestone in the company’s journey which is now united under a single brand, reflecting …

6 10, 2025

Iberian Blackout Was First Known Caused by Excessive Voltage, Report Says

By | October 6th, 2025|Uncategorized|Comments Off on Iberian Blackout Was First Known Caused by Excessive Voltage, Report Says

The massive power outage that hit the Iberian Peninsula in April is the first known blackout caused by excessive voltage, the European network of electricity transmission system operators said in a report on Friday [October 3] . Released ahead of …